LiDAR Market by Type (Terrestrial, Aerial, Mobile, and Short Range), Component (Laser, Inertial Navigation System, Camera, GPS GNSS Receiver, and MEMS), Application (Corridor Mapping, Seismology, Exploration & Detection, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026523 | Pages: 100 | Industry: Electronics and Semiconductor | Date: Sep 2022 | Type: Global

The LiDAR market is expected to cross US$ 1.8 billion mark in 2022 and is projected to hit US$ 6.2 billion by 2030, recording a CAGR of 17% during the forecast period.

LiDAR Market has been significantly growing with the increasing usage of 3D LiDAR imaging to understand responses of plant

3D measurement and plant property analysis will benefit in diagnosing and understanding the responses of plant as, the responses of plants are related to their 3D structures. LiDAR is proven to be a powerful tool for plant structure’s 3D measurement. 3D LiDAR imaging estimate several properties of plant, such as canopy structure & height, carbon stock and plant growth. These are assessed by LiDAR system’s development review. The upcoming LiDAR applications is expected to provide precise estimation of the properties of plants, which will be helpful for understanding the responses of plant such as stress and the interactions between plants and environment. Thus, growing usage of 3D LiDAR imaging to understand plant responses will drive the LiDAR market growth.

Within the report, the LiDAR market is segmented into type, component, application, and geography. By type, the LiDAR market is segmented into terrestrial, aerial, mobile, and short range. On the basis of component, the market is segmented into laser, inertial navigation system, camera, GPS GNSS receiver, and MEMS. Based on application, the market is segmented into corridor mapping, seismology, exploration & detection, and others. Geographically, the LiDAR market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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LiDAR is a technology that is proven to be a best solution for industries

LiDAR is technology of remote sensing that use light for light measurement. This is done with the help of scattered light measurement. LiDAR is used in hazard assessment such as landslides, lava flows, floods & tsunamis; geological mapping; agriculture; forestry; and river surveys & watershed.

Rising adoption in various industries is one of the major factors accelerating the LiDAR market growth.

The end user industries in the LiDAR market are the manufacturing, transportation & logistics, automotive, safety, agriculture and others. Within these industries, transportation & logistics is one such industry where the demand for LiDAR is rapidly growing. The LiDAR technology improves the performance of transportation projects. LiDAR collects data aerially from the place of road construction and display obstacles such as environmental factors and general sizing of area that can risk the project. The LiDAR is a tool that is saving lots of time and efforts, that is why it is being highly adopted in the aforesaid industries and subsequently driving the LiDAR market growth.

Recent strategic developments in LiDAR market

The LiDAR market has undergone several significant developments, and a few of these have been mentioned below:

  • In June 2021, Teledyne Optech and Teledyne CARIS launched CZMIL SuperNova, a next generation bathymetric lidar.
  • In November 2020, Velodyne Lidar, Inc. launched Velarray H800, a broad array of lidar sensors for Advanced Driver Assistance Systems (ADAS) and autonomy.

The LiDAR market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Teledyne Optech Inc.; Faro Technologies, Inc.; Quantum Spatial, Inc.; Velodyne LiDAR, Inc.; Riegl Laser Measurement Systems GmbH; Leica Geosystems Ag; Trimble Inc.; Quanergy Systems; LeddarTech; 3D Laser Mapping Inc.are among the prominent players operating in the LiDAR market.

Target audience for the LiDAR market report:

  • Raw material providers
  • LiDAR providers
  • LiDAR-related service providers
  • Semiconductor component suppliers
  • Government organizations and agencies
  • LiDAR distributors and sales firms
  • End users of LiDAR

Scope of the report:

In this report, the LiDAR market has been segmented on the basis of:

  • Type
    • Terrestrial
    • Aerial
    • Mobile
    • Short Range

 

  • Component
  • Laser
  • Inertial Navigation System
  • Camera
  • GPS GNSS Receiver
  • MEMS

 

  • Application
    • Corridor Mapping
    • Seismology
    • Exploration & Detection
    • Others

 

  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa

 

  • Companies profiled
    • Teledyne Optech Inc.
    • Faro Technologies, Inc.
    • Leica Geosystems Ag
    • Trimble Inc.
    • 3D Laser Mapping Inc.

Companies profiled
- Teledyne Optech Inc.
- Faro Technologies, Inc.
- Leica Geosystems Ag
- Trimble Inc.
- 3D Laser Mapping Inc.


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