LiDAR Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Type (Terrestrial, Aerial, Mobile & UAV), By Component (LASER, Inertial Navigation System, Camera, GPS GNSS Receiver and MEMS), By Application (Corridor Mapping, Seismology, Exploration & Detection, Others), By Region, Competition
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationLiDAR Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Type (Terrestrial, Aerial, Mobile & UAV), By Component (LASER, Inertial Navigation System, Camera, GPS GNSS Receiver and MEMS), By Application (Corridor Mapping, Seismology, Exploration & Detection, Others), By Region, Competition
The Global LiDAR Market is anticipated to grow at a robust pace in the forecast period, 2024-2028. The primary driving force behind market growth is the advantages of LiDAR technology over traditional rival technologies. The industry is becoming more fragmented, and new innovations like 4D radars that transmit signals continuously are promoting market expansion.
According to a LiDAR market study, the development of the light detection and ranging (LiDAR) technology made it simpler than ever to examine, find, and map items. This approach is preferred over traditional surveying techniques because it can provide 4D pictures and highly accurate data more quickly. The primary reason propelling the growth of the Global LiDAR Market is improved automated processing ability of LiDAR systems in terms of picture resolution and data processing capabilities over other technologies.
Increased usage of aerial LiDAR systems to explore and discover locations and historic information, as well as rising demand for 4D imaging technology across a variety of application domains, are other drivers supporting the market's expansion. The inclusion of expensive parts like a laser scanner, navigation system, and high-resolution 4D cameras together drives up the price of LiDAR systems despite the fact that less people are aware of their advantages. These issues restrict the use of LiDAR systems, which in turn limits the trends in the global LiDAR industry.
The Increase in interest in 4D imaging
Over the course of the forecast period, the market is anticipated to rise as a result of the increased demand for 4D images in sectors such as military & defense, topographical surveys, civil engineering, and corridor mapping. Applications like 4D mapping, city planning, and corridor mapping use textured 4D imaging. Installing cutting-edge safety measures is expanding tremendously. Additionally, self-driving cars have received official approval for use on public roads in nations like the U.S. These automobiles include LiDAR integration for GPS and navigational purposes.
The easy accessibility of inexpensive and lightweight photogrammetry technologies is limiting industry expansion
The expansion of the LiDAR sector is expected to be constrained by the use of portable, affordable photogrammetry technology for mapping and surveying. LiDAR drones employ active sensors to recognize things on the ground and then fire laser beams to measure their distance from the ground targets
Limited geospatial data availability and high LiDAR service costs
LiDAR surveying is more costly than using more conventional surveying techniques. A LiDAR system will generally cost around USD 75,000 when all the high-end gear, sensors, scanners, etc. are included. The processing software should be free, but post-processing software, such point-cloud categorization, may need third-party software, which might cost between USD 20,000 and USD 30 000 for a single license.
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Market Segmentation
Global LiDAR Market is segmented By Type, By Component, By Application, Region and Competitive Landscape.
Based on Type, the market is segmented into Terrestrial,
Based on Component, the market is segmented into LASER and Inertial Navigation System,
Based on Application into Corridor Mapping, Seismology, Exploration & Detection, Lidar, Others.
Market players
Recent Developments
- In January 2023, Hexagon’s subsidiary LeicaGeosystems has recently revealed its newest solution for professionals in theutilities and excavation industries. This solution is a complement to theexisting Leica DD100 series and consists of the Leica DD175 utility locator andthe Leica DA175 signal transmitter. Through the use of this new technology,users can easily locate subsurface utilities and ensure the safety of personnelon construction sites.
- In May2022, OSRAM introduced a high-performance infrared laser flood illuminator forMelexis, a leading provider of microelectronic semiconductor solutions, to usewith their most recent vehicle indirect Time-of-Flight (iToF) demonstration.
- Lumentum introduced their M Seriesmulti-junction VCSEL arrays in April 2022 for use in next generation 4Dsensing, industrial LiDAR, and automotive applications. Compact, verydependable, and power-dense M51-100 905 nm 70 W multi-junction VCSEL array isthe ideal choice for next-generation LiDAR systems.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2024-2028 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | By Type By Component By Application By Region |
| Regional scope | North America; Asia-Pacific; Europe; South America; Middle East & Africa |
| Country scope | United States; Canada; Mexico; China; India; Japan; South Korea; Australia, Germany; United Kingdom; France; Italy, Spain, Brazil; Colombia; Argentina; Saudi Arabia; South Africa; UAE; |
| Key companies profiled | |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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