Global LiDAR Market

Lidar Market Size, Share, Growth Analysis, By Component(Laser Scanners, Navigation & Positioning Systems, and Others), By Installation Type(Aerial, and Terrestrial), By Technology Type(Mechanical Lidar, Solid-State Lidar, Flash Lidar, and Others), By Range(Short (< 200 m), Medium (200-500 m), and Long (> 500 m)), By Application(Search and Rescue, Environmental, Mining and Construction, and Others), By Region - Industry Forecast 2025-2032


Report ID: SQMIG45M2006 | Region: Global | Published Date: August, 2024
Pages: 157 | Tables: 121 | Figures: 77

Lidar Market Regional Insights

North America is dominating the global LiDAR market with the maximum number of shares. This is primarily because of its emphasis on autonomous vehicles, geospatial mapping, and infrastructure development. Many companies in the region are investing conducting significant R&D to get better and advanced solutions. However, the string presence of tech firms in the region is also boosting innovations in the LiDAR technology, particularly for advanced vehicle navigation and precise mapping. Furthermore, the region’s infrastructure projects also get benefits from LiDAR’s detailed surveying and tracking abilities. Supportive regulatory structures are also further improving adoption and integration of LiDAR systems. The mix of technological advancement, investment, and favorable regulations strengthens North America's position as a hub for cutting-edge LiDAR applications.

The LiDAR market of Asia Pacific is the fastest growing led by countries like China, Japan, and South Korea. There is high demand for autonomous vehicle technology, especially in China, where government supports, and investment system is also significantly contributing to the market’s growth in this region. There is also an increase in collaboration among automakers and tech companies, increasing innovations in areas like autonomous driving and AI-powered user interfaces. Such diversified market conditions in the regions are also boosting the development of solutions in the region.

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FAQs

Global LiDAR Market size was valued at USD 1.3 Billion in 2022 and is poised to grow from USD 1.6 Billion in 2023 to USD 5.6 Billion by 2031, growing at a CAGR of 17.2 % in the forecast period (2024-2031).

Many competitors in the LiDAR market analysis are offering solutions that can assist the consumers to address changing technologies, business practices, and security requirements. Europe has many prominent market players who are constantly offering advanced solutions to meet various applications requirements. The key player also must deal with intense competition to market their presence and dominate the market. Such fierce competition is also leading to strategic initiatives like mergers & acquisitions and the launch of new innovative products. This is also strengthening the product portfolio of the companies and increasing their presence in the market. 'Leica Geosystems AG', 'Teledyne Inc', 'Velodyne Lidar Inc', 'Quanergy Systems, Inc', 'Luminar Technologies, Inc', 'LeddarTech Inc', 'Innoviz Technologies Ltd', 'Cepton Technologies, Inc', 'AEye, Inc', 'RoboSense', 'Livox Tech Co. Ltd', 'Hexagon AB', 'Sick AG', 'Topcon Corporation', 'ZF Friedrichshafen AG', 'Trimble Inc.', 'Ouster Inc.', 'RIEGL Laser Measurement Systems', 'HESAI Technology', 'Leishen System'

The increasing adoption of mid-and high-level precision GPS receivers in large-scale construction projects, such as megaprojects, is a major driver for the growth of the global LiDAR market. For instance, the construction of the Burj Khalifa in Dubai, the world's tallest building, utilized advanced GPS technology and LiDAR scanning to ensure precise measurements and accurate 3D modeling during the planning and execution phases

The latest developments in solid-state LiDAR technology have immensely enhanced the precision, speed, and performance of LiDAR. This is boosting the growth of the LiDAR market. Solid-state LiDAR uses semiconductor chips instead of mechanical parts so that it can provide affordable, dependable, and small size in comparison with conventional LiDAR. These improvements enable an increase in adoption, particularly in the automotive sector where LiDAR is a valuable component for advanced driver assistance.

North America is dominating the global LiDAR market with the maximum number of shares. This is primarily because of its emphasis on autonomous vehicles, geospatial mapping, and infrastructure development. Many companies in the region are investing conducting significant R&D to get better and advanced solutions. However, the string presence of tech firms in the region is also boosting innovations in the LiDAR technology, particularly for advanced vehicle navigation and precise mapping. Furthermore, the region’s infrastructure projects also get benefits from LiDAR’s detailed surveying and tracking abilities. Supportive regulatory structures are also further improving adoption and integration of LiDAR systems. The mix of technological advancement, investment, and favorable regulations strengthens North America's position as a hub for cutting-edge LiDAR applications.

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Global LiDAR Market

Report ID: SQMIG45M2006

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