LiDAR Market by Product, Application, and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR46650

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The LiDAR market size has the potential to grow by USD 1.57 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 15.20%. 

This report provides a detailed analysis of the market by product (airborne LiDAR and terrestrial LiDAR), application (corridor mapping, engineering, ADAS and driverless cars, environment, and others), geography (APAC, Europe, MEA, North America, and South America), and key vendors. 

Market Overview

LiDAR-Market-Market-Size-2020-2025

Browse TOC and LoE with selected illustrations and example pages of LiDAR Market Request a FREE sample now!

Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • FARO Technologies Inc.
  • GeoSLAM Ltd.
  • Hexagon AB
  • LeddarTech Inc.
  • Quanergy Systems Inc.
  • Robert Bosch GmbH
  • SICK AG
  • Teledyne Technologies Inc.
  • Trimble Inc.
  • Velodyne Lidar Inc.

 

The LiDAR market is fragmented and the vendors are deploying growth strategies such as focusing on technological mergers and developing technologically enhanced LiDAR solutions at a lower cost to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as expanding application areas of LiDAR technology to achieve growth opportunities. However, factors such as the high cost of LiDAR sensors will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the LiDAR market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This LiDAR market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

LiDAR Market: Key Drivers and Trends

  • The expanding application areas of LiDAR technology will fuel the growth of the LiDAR market size.
  • LiDAR technology offers several advantages in the construction and engineering industry, including improved productivity of teams and process efficiency and the accurate estimation of project costs.
  • Also, LiDAR technology can be used to identify the need for maintenance and repair of machinery and equipment at the site.
  • Such pre-analyses at construction sites offer significant cost reductions, which has made LiDAR technology extremely valuable and extensively used in construction and engineering applications.
  • Apart from the construction and engineering industry, LiDAR technology is also used in public safety, agriculture, utilities, and mining applications.
  • Considering the expanding applications of LiDAR, vendors are developing and launching application-specific LiDAR solutions. 
  • The increased adoption of LiDAR in automotive applications is identified as one of the significant factors responsible for LiDAR market growth.
  • To adapt to the constantly changing consumer requirements, automotive OEMs are focusing more on technologies that cater to the driverless, autonomous vehicle concept.
  • In addition, non-automotive companies, such as Google and Apple, are investing in autonomous vehicles by leveraging their expertise in artificial intelligence.
  • The move toward autonomous vehicles has resulted in the widescale adoption of advanced technologies in new-generation vehicles.
  • Several vehicle manufacturers are integrating LiDAR technology in their newly launched models.
  • Such an increase in the adoption of LiDAR sensors in automotive applications is expected to drive the global LiDAR market during the forecast period. 

Grab your Free Sample now to unlock further information on other key market drivers

 

LiDAR Market: Segmentation by Geography

LiDAR-Market-Market-Share-by-Region-2020-2025

For more insights on the market share of various regions Request for a FREE sample now!

39% of the market’s growth will originate from North America during the forecast period. The US is a key market for LiDAR in North America. Market growth in this region will be faster than the growth of the market in South America.

The increasing application areas of LiDAR will facilitate the LiDAR market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

LiDAR Market: Segmentation by Product

LiDAR-Market-Market-Share-by-Product-2020-2025

Request for a FREE sample and Get more information on the market contribution of various segments

The airborne LiDAR segment of the market includes LiDAR sensors that are installed on aircraft and unmanned aerial vehicles (UAVs). Airborne LiDAR sensors are witnessing an expansion in their application areas, such as geospatial mapping, archaeology, exploration, inspection, surveillance, and other applications. Such increasing applications of airborne LiDAR sensors are expected to drive the LiDAR market during the forecast period. The LiDAR market share growth by the airborne LiDAR segment will be faster than the terrestrial LiDAR segment.    

This report provides an accurate prediction of the contribution of all the segments to the growth of the LiDAR market size. Fetch actionable market insights on post COVID-19 impact on each segment.   

 

Event-Tickets-Market-Report

Request for a FREE sample

LiDAR Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive LiDAR market growth during the next five years
  • Precise estimation of the LiDAR market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the LiDAR industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of LiDAR market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
Interested in this report?
Get your FREE sample now!
The lidar market growth will increase by $1572.61 million during 2020-2025.
The lidar market is expected to grow at a CAGR of 15.20% during 2020-2025.
Technavio has segmented the lidar market by product (Airborne LiDAR and Terrestrial LiDAR) ,application (Corridor mapping, Engineering, ADAS and driverless cars, Environment, and Others) , and geographic (North America, Europe, APAC, MEA, and South America).
FARO Technologies Inc., GeoSLAM Ltd., Hexagon AB, LeddarTech Inc., Quanergy Systems Inc., Robert Bosch GmbH, SICK AG, Teledyne Technologies Inc., Trimble Inc., Velodyne Lidar Inc. are a few of the key vendors in the lidar market.
North America will register the highest growth rate of 38.74% among the other regions. Therefore, the lidar market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • China
  • Germany
  • UK
  • Japan
The key factors driving the lidar market growth are:
  • Expanding application areas of LiDAR technology
The lidar market vendors should focus on grabbing business opportunities from the airborne lidar segment as it accounted for the largest market share in the base year.
Safe and Secure SSL Encrypted

Single User:

2500 USD

Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Want to customize this report?

This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

We offer $1000 worth of FREE customization at the time of purchase

Technavio's SUBSCRIPTION platform

Register for a free trial today and gain instant access to 17,000+ market research reports.

START YOUR FREE TRIAL

Enquire Before Buying
  1. Home
  2. Information Technology
  3. Published Report

What other custmores say

17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>