Global LiDAR Market Analysis and forecast to 2026

Market Analysis: Global LiDAR Market 

Global LiDAR Market is estimated to reach USD 9479 million by 2026, registering a healthy CAGR of 24.50% in the forecast period of 2019-2026. This rise in market value can be attributed to the growing use of drones LIDAR application in engineering projects, 3D Imaging technology, technological advancements

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Key Market Competitors: Global LiDAR Market 

Few of the major competitors currently working in the Lidar market are Sick AG, Trimble Inc., Quantum Spatial, FARO Technologies, Inc., Beijing Beike Digital Medical Technology Co.,Ltd., Geokno India Pvt. Ltd.,Leica Geosystems AG, RIEGL Laser Measurement Systems GmbH , Velodyne Lidar, Inc., Geokno India Pvt. Ltd., Quanergy Systems, Inc., Innoviz Technologies Ltd., LeddarTech Inc, AutonomouStuff, TriLumina, Tetravue, Inc., Skylum, Princeton Lightwave, Inc., Neptec Technologies Corp., among others.

Key Developments in the Market:

  • In April 2019, Velodyne Lidar, the leader in LiDAR solution provider in USA, entered into an affirmative agreement with Nikon Corporation, under which Sendai Nikon Corporation, a Nikon subsidiary, for a multifaceted business alliance, wherein it would manufacture and mass produce lidar for the autonomous and advanced safety global market With this, Velodyne would expand its business line and enhance its lead in the global LiDAR market
  • August 2018 – Sick AG has developed a new and innovative series of high-precision light detection and ranging sensors, i.e. LMS1000 and MRS1000 infrared LIDAR sensors. With this invention, the company has raised the bar in high-precision and reliable distance sensing and ranging

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Competitive Analysis: Global LiDAR Market 

Global LiDAR market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of LiDAR market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

 

Global LiDAR Market By Component (Laser Scanners, Navigation & Positioning Systems, Photodetector Receivers, Others); Product (Aerial, Ground-Based, UAV, Solid-State), Service (LiDAR Data Processing, Aerial Surveying, Asset Management, GIS Service, Ground-Based Surveying, Mapping & Modelling), Application (Corridor Mapping, Engineering, Environment, ADAS & Driverless Cars, Exploration, Urban Planning, Cartography, Meteorology), Installation (Air-borne, Ground based), Range (Short, Medium, Large), Image Projection (2D, 3D), End User (Defense and aerospace, Civil Engineering,  Archaeology, Forestry and Agriculture,  Mining Industry,  Transportation), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Definition: Global LiDAR Market 

LiDAR- light detection and ranging is as is a laser based method wherein light is used in the form of a laser to measure the position or distances of object to the earth. It consists of 3D scanning and laser scanning therefore it can be called as 3D laser scanning. It consists of a laser, a scanner and a specialised GPS receiver. LiDAR provides accurate information, even if there is any disruption. They are now extensively being used by the automobile industry, in self driving cars, as it provides clarity and vision at all times and in all directions.

Market Drivers:

  • Many companies are increasingly focusing on technological advancement of lidar devices in order to strengthen their product portfolios in the Lidar market
  • Rising demand of 3D imaging technology across various application areas, and the increasing adoption of aerial LiDAR systems to explore and detect places, historic details, etc
  • The increased demand for 3d imagery in areas such as military & defence, topographical surveys, civil engineering, and corridor mapping would expand the growth of this market
  • The increased use of drones in areas such as defence, aerospace, agriculture would boost the growth of this market
  • Rising demand for LiDAR in the automobile industry especially used as self-driving cars
  • Technological advancements in lidar mapping, has increased their applicability and scope
  • Growing initiative by the government to promote the growth of the LiDAR market

Market Restraints:

  • High cost of lidar may hinder the growth of the market
  • Low awareness about the benefits of LiDAR systems

Segmentation: Global LiDAR Market 

By Component

  • Laser Scanners
  • Navigation & Positioning Systems
    • Global Positioning Market (GPS)
    • Inertial Measurement Unit (IMU)
  • Photodetector Receivers
  • Camera
  • High-Precision Clock
  • Others

By Product Type

  • Aerial
  • Ground-Based
  • UAV
  • Solid-State

By Service

  • LiDAR Data Processing
    • Data Acquisition
    • Point Cloud Classification
    • Visualization
  • Aerial Surveying
  • Asset Management
  • GIS Service
  • Ground-Based Surveying
  • Mapping & Modeling

By Application

  • Corridor MappingRoadways
    • Railways
    • Others
  • Engineering
  • Environment
    • Forest Management
    • Coastline Management
    • Pollution Modeling
    • Agriculture
    • Wind Farm
    • Precision Forestry
  • ADAS & Driverless Cars
  • Exploration
    • Oil & Gas
    • Mining
  • Urban Planning
  • Cartography
  • Meteorology
  • Police LiDAR
  • Gaming
  • Robotics

By Installation

  • Airborne
    • Topographic
    • Bathymetric
  • Ground-Based
    • Mobile
    • Static

By Range

  • Short
  • Medium
  • Large

By Image Projection

  • 2D
  • 3D

By End User

  • Defense and Aerospace
  • Civil Engineering
  • Archaeology
  • Forestry And Agriculture
  • Mining Industry
  • Transportation

By Geography

  • North America
    • US
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Turkey
    • Belgium
    • Netherlands
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • South Korea
    • India
    • Australia
    • Singapore
    • Malaysia
    • Indonesia
    • Thailand
    • Philippines
    • Rest of Asia-Pacific
  • Middle East and Africa
    • South Africa
    • Egypt
    • Saudi Arabia
    • United Arab Emirates
    • Israel
    • Rest of Middle East and Africa

Research Methodology: Global LiDAR Market 

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.

The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key Market players involved in this industry
  • Detailed analysis of the Market Segmentation

Competitive analysis of the key players involved

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