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LiDAR Market Research Report - Segmented By Type (Mechanical LiDAR and Solid-State LiDAR), Installation (Airborne and Ground-Based), by Application (Corridor Mapping, ADAS & Driverless Car, and Engineering), Range, Component, Service, by Region - Global Industry Analysis, Size, Share, Growth, Investment, and Forecasts (2022 to 2027)

Published: January, 2022
ID: 8319
Pages: 170

LiDAR Market Size (2022 - 2027):

The global LiDAR market was around USD 1024.3 Million by revenue, at the end of 2020 and is expected to reach a total of USD 2454.9 Million by the end of 2026 with a CAGR of 19.31%. The market is mainly driven by the need for surveying both on-ground and in the air.

Market Drivers and Restraints

The market is mainly driven by the need for surveying both on ground and in the air. The rapid increase in the ground-based installations could be significantly associated with the high CAGR of the market. Also, the application of LiDAR in Driverless cars is one of the major drivers in the LIDAR mapping market. However, the lack of accuracy in the systems still holds back the growth of the market. The introduction of more research centers focusing on this issue may reduce this friction in the future. Also, the concentration of the market in regions like North America and Europe restraints the market growth in Africa and the Middle East in the proposed forecast period.

LIDAR MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020 – 2026

Base Year

2020

Forecast Period

2022 - 2027

CAGR

19.31%

Segments Covered

By Type, Instalation, Application, Service, Component, Geography and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Teledyne Technologies Inc. (US), Geodigital (Canada), Optech (Canada), BLOM (Norway), Faro Technologies (US), Leica Geosystems (Switzerland), Michael Baker International (U.S.), Topcon Positioning Systems, Inc. (U.S.), Trimble (US), Hexagon AB (Sweden), Beike Tianhui Technology Co., Ltd. (China), Quantum Spatial (US), YellowScan (France), Velodyne LiDAR (US), Merrick & Co. (US), Reigl Laser Measurement Systems (Austria), Beijing Surestar Technology (China), Geokno (India), and Sick AG (Germany) and Others.

 

LiDAR Market Segmentation Analysis:

LiDAR Market - By Type:

  • Mechanical
  • Solid-state

Solid-state segment is anticipated to be the fastest-growing in the forecast period of 2019-2024. The growth is attributed to the increase of its application in the automotive and robotics industries.

LiDAR Market - By Installation:

  • Airborne
  • Ground-Based

The ground-based facilities are expected to lead the market in the forecast period mainly due to their use in SUVs and ATVs with the help of tripod which helps them in mapping the uneven terrains.

LiDAR Market - By Application:

  • Corridor Mapping
  • ADAS & Driverless Car
  • Engineering

The ADAS and Driverless car segment is anticipated to have the highest growth rate in the forecast period due to the advancement form significant companies like Honda, BMW, and AUDI.

LiDAR Market - By Service:

  • Aerial Surveying
  • GIS Services
  • Ground-Based Surveying
  • Asset Management and Others

Ground-based surveying is expected to be the fastest-growing due to the increase in the use of LiDAR technology in SUV and ATV for surveillance purposes, especially in the defense application.

LiDAR Market - By Component:

  • Navigation
  • Laser Scanners
  • Positioning Systems

Laser Scanners are the main component in the market and are projected to have the fastest growth rate in the proposed forecast period.

LiDAR Market - By Geography:

  • Latin America
  • Europe
  • Asia Pacific
  • North America
  • Middle-East & Africa

North America LiDAR Market leads globally by both value and volume, as of 2018. The situation of all the market key players in this region is the main reason for its leading market position. However, this region is only the second-fastest growing in the world following the Asia Pacific region.

Europe LiDAR Market is the second leading market as of 2018. The presence of a vast customer base in and around this region is helping in the growth of the market in Europe. Also, the technological supremacy of Europe and North America over the rest of the world is the necessary condition that facilitates them to develop in this emerging field, creating the eye-catching performance in the market.

Asia Pacific LiDAR Market holds the most significant market share as of 2018, in terms of value and volume. This region is expected to be the fastest-growing market owing to the future opportunities offered in this region and interest shown from the top leading key companies in the Asia Pacific region, mainly towards India, China, and Japan which is the cause for such growth rate. The regional advantages offered this region, such as ease of setup and cheap resources, and a large number of skilled population is a significant reason for this region’s advancement in the market.

Key Market Players

By the end of 2019 Teledyne Technologies Inc. (US), Geodigital (Canada), Optech (Canada), BLOM (Norway), Faro Technologies (US), Leica Geosystems (Switzerland), Michael Baker International (U.S.), Topcon Positioning Systems, Inc. (U.S.), Trimble (US), Hexagon AB (Sweden), Beike Tianhui Technology Co., Ltd. (China), Quantum Spatial (US), YellowScan (France), Velodyne LiDAR (US), Merrick & Co. (US), Reigl Laser Measurement Systems (Austria), Beijing Surestar Technology (China), Geokno (India), and Sick AG (Germany) are the leading shareholders of the market for LiDAR.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Market Share Analysis                           

                5.2 Product Benchmarking                          

                5.3 Regional Presence                   

                5.4 Mergers & Acquistion Landscape                      

                5.5 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 LiDAR Market, by Type                          

                                6.1.1 Mechanical LiDAR 

                                6.1.2 Solid-state LiDAR  

                                6.1.3 Market Size Estimations & Forecasts (2022 - 2027)   

                                6.1.4 Y-o-Y Growth Rate Analysis             

                                6.1.5 Market Attractiveness Index          

                6.2 LiDAR Market, by Installation                              

                                6.2.1 Airborne  

                                6.2.2 Ground-Based       

                                6.2.3 Market Size Estimations & Forecasts (2022 - 2027)   

                                6.2.4 Y-o-Y Growth Rate Analysis             

                                6.2.5 Market Attractiveness Index          

                6.3 LiDAR Market, by Application                             

                                6.3.1 Corridor Mapping 

                                6.3.2 ADAS & Driverless Car        

                                6.3.3 Engineering            

                                6.3.4 Market Size Estimations & Forecasts (2022 - 2027)   

                                6.3.5 Y-o-Y Growth Rate Analysis             

                                6.3.6 Market Attractiveness Index          

                6.4 LiDAR Market, by Service                     

                                6.4.1 Aerial Surveying    

                                6.4.2 GIS Services            

                                6.4.3 Ground-Based Surveying  

                                6.4.4 Asset Management            

                                6.4.5 Others      

                                6.4.6 Market Size Estimations & Forecasts (2022 - 2027)   

                                6.4.7 Y-o-Y Growth Rate Analysis             

                                6.4.8 Market Attractiveness Index          

                6.5 LiDAR Market, by Component                            

                                6.5.1 Navigation               

                                6.5.2 Laser Scanners      

                                6.5.3 Positioning Systems            

                                6.5.4 Market Size Estimations & Forecasts (2022 - 2027)   

                                6.5.5 Y-o-Y Growth Rate Analysis             

                                6.5.6 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2022 - 2027)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type    

                                7.2.3 By Installation        

                                7.2.4 By Application        

                                7.2.5 By Service

                                7.2.6 By Component      

                                7.2.7 Y-o-Y Growth Rate Analysis             

                                7.2.8 Market Attractiveness Index          

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By Installation        

                                7.3.4 By Application        

                                7.3.5 By Service

                                7.3.6 By Component      

                                7.3.7 Y-o-Y Growth Rate Analysis             

                                7.3.8 Market Attractiveness Index          

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By Installation        

                                7.4.4 By Application        

                                7.4.5 By Service

                                7.4.6 By Component      

                                7.4.7 Y-o-Y Growth Rate Analysis             

                                7.4.8 Market Attractiveness Index          

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By Installation        

                                7.5.4 By Application        

                                7.5.5 By Service

                                7.5.6 By Component      

                                7.5.7 Y-o-Y Growth Rate Analysis             

                                7.5.8 Market Attractiveness Index          

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Type    

                                7.6.3 By Installation        

                                7.6.4 By Application        

                                7.6.5 By Service

                                7.6.6 By Component      

                                7.6.7 Y-o-Y Growth Rate Analysis             

                                7.6.8 Market Attractiveness Index          

8. Key Player Analysis                                    

                8.1 Teledyne Technologies Inc.                 

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Geodigital                   

                8.3 Optech                         

                8.4 BLOM                            

                8.5 Faro Technologies                   

                8.6 Leica Geosystems                    

                8.7 Topcon Positioning Systems, Inc.                      

                8.8  Trimble                        

                8.9 Hexagon AB                               

                8.10 Beike Tianhui Technology Co., Ltd.                 

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  1. Global LiDAR Market By Region, From 2022 - 2027 ( USD Million )
  2. Global LiDAR Market By Type, From 2022 - 2027 ( USD Million )
  3. Global Mechanical LiDAR Market By Region, From 2022 - 2027 ( USD Million )
  4. Global Solid-state LiDAR Market By Region, From 2022 - 2027 ( USD Million )
  5. Global LiDAR Market By Installation, From 2022 - 2027 ( USD Million )
  6. Global Airborne Market By Region, From 2022 - 2027 ( USD Million )
  7. Global Ground-Based Market By Region, From 2022 - 2027 ( USD Million )
  8. Global LiDAR Market By Application, From 2022 - 2027 ( USD Million )
  9. Global Corridor Mapping Market By Region, From 2022 - 2027 ( USD Million )
  10. Global ADAS & Driverless Car Market By Region, From 2022 - 2027 ( USD Million )
  11. Global Engineering Market By Region, From 2022 - 2027 ( USD Million )
  12. Global LiDAR Market By Service, From 2022 - 2027 ( USD Million )
  13. Global Aerial Surveying Market By Region, From 2022 - 2027 ( USD Million )
  14. Global GIS Services Market By Region, From 2022 - 2027 ( USD Million )
  15. Global Ground-Based Surveying Market By Region, From 2022 - 2027 ( USD Million )
  16. Global Asset Management Market By Region, From 2022 - 2027 ( USD Million )
  17. Global Others Market By Region, From 2022 - 2027 ( USD Million )
  18. Global LiDAR Market By Component , From 2022 - 2027 ( USD Million )
  19. Global navigation Market By Region, From 2022 - 2027 ( USD Million )
  20. Global laser scanners Market By Region, From 2022 - 2027 ( USD Million )
  21. Global positioning systems Market By Region, From 2022 - 2027 ( USD Million )

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