LiDAR Market by Component (Laser Scanners, Navigation & Positioning Systems), Type (Solid State, Mechanical), Installation Type (Airborne and Ground Based), Range, Service, End-use Application, Region - Global Forecast to 2028
Updated on : September 12, 2023
The LiDAR market is projected to grow from USD 1.4 billion in 2023 to USD 3.7 billion by 2028; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 19.4% from 2023 to 2028.
The increasing investment in LiDAR startups by automotive giants and technological shifts with the adoption of solid-state, MEMS, flash LiDAR, and other LiDAR technologies are creating opportunities in the market. And the use of LiDAR in geographical information system (GIS) applications, increasing adoption of LiDAR in engineering and construction applications are among the factors driving the growth of the LiDAR market. However, safety threats related to UAV’s and autonomous cars and the easy availability of low-cost and lightweight photogrammet ry systems are restraining the growth of the market.
The objective of the report is to define, describe, and forecast the LiDAR Industry based on component, type, installation type, range, service, end-use application, and region.
LiDAR Market Forecast to 2028
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LiDAR Market Dynamics
Emergence of 4D LiDAR is driving the growth of the market
LiDAR measures the time of flight (ToF) of laser points to build a 3D real-time information model about the real world. The time between the output laser pulse and the reflected pulse allows the LiDAR sensor to calculate the distance to each object precisely based on the speed of light. LiDAR captures millions of such precise distance measurement points each second, from which a 3D matrix of its environment can be produced. 4D LiDAR has all the features of 3D LiDAR along with a camera. The camera captures real-time images with depth perception in each pixel, thus providing accurate data. It is expected that the 4D LiDAR technology would gain importance in autonomous vehicles, machine vision, and factory automation. With the rising trend of autonomous vehicles, the use of 4D LiDAR technology is expected to increase. 4D LiDAR is expected to provide enhanced assistance to autonomous driving systems, which will enable faster and safer driving decisions.
Technological shifts with the adoption of solid-state, MEMS, flash LiDAR, and other LiDAR technologies are to create high growth opportunities for the market
In recent years, LiDAR technology is mainly based on mechanical scanning, several solid-state technologies have witnessed advances. One of them is to remove the expensive spinning parts and replace them with passive optical components such as mirrors or MEMS. It is expected that MEMS-based LiDAR products are expected to be adopted and witness strong growth in the coming years. Various developments are being conducted for sources and detectors to improve the performance of flash LiDAR, particularly in the SWIR range, which may also be beneficial in terms of performance and cost. The demand for technologically advanced LiDAR solutions is expected to create high growth opportunities for the market.
Easy availability of low-cost and lightweight photogrammetry systems is restraining the growth of market
The adoption of inexpensive and portable photogrammetry technologies for mapping and surveying purposes is anticipated to limit the growth of the LiDAR industry. LiDAR industry. LiDAR drones identify items on the ground with the use of active sensors and then emit laser beams to determine how far away the objects are from the ground targets. While photogrammetry systems use photos that are transmitted from 2D and 3D cartometric models to provide the impression that items are below the surface of the ground, enabling users to view and calculate the distance of objects in 3D. LiDAR drones cost more than photogrammetry systems, though. The use of drones with one camera for carrying photogrammetry equipment is responsible for their low cost. Thus, the cost of LiDAR drones as a whole is increased by this bulky equipment. Therefore, the simple accessibility of inexpensive and lightweight photogrammetry systems hinders the expansion of the LiDAR sector.
High cost of LiDAR services and limited availability of geospatial data is a challenge to the growth of the market.
Using LiDAR for surveying is expensive as compared to the traditional surveying methods. The overall cost of a LiDAR system, including high-end hardware, sensors, scanners, etc., is approximately USD 75,000. The processing software is ideally free of cost; however, post-processing software, for example, point-cloud classification, might require third-party software, which could cost around USD 20,000–30,000 for a single license.
Various countries offer geospatial data. In some countries, it is free, while some offer it for a fee. Leading countries that collect and provide geospatial data are the US, the UK, Germany, Singapore, and the Netherlands. Apart from these, a few other countries in North America and Europe also offer this data. But in most cases, the accuracy of the data is doubtful. And some countries do no provide geospatial data due to security and privacy considerations. Therefore, the high cost of LiDAR services and limited availability of geospatial data is a challenge to the growth of the market.
The end-use application environment of LiDAR is to account for the larger share of the LiDAR market throughout the forecasted period.
LiDAR is frequently used in environmental end-use applications for environmental resource monitoring and surveying. From airborne carbon mapping to coastal monitoring surveys, laser scanning systems are well suited for environmental monitoring end-use applications. In a variety of end-use applications, such as forest management, shoreline management, pollution modelling, agriculture, wind farms, and precision forestry, LiDAR is widely used to scan and monitor the environment.
The market for medium range LiDAR is expected to grow at highest CAGR during the forecasted period.
The LiDAR is manufactured in to 3 types of ranges, short, medium, and long. LiDAR uses light in the form of a pulsed laser to measure ranges and distances from its target. Medium-range LiDAR is used to detect objects in the range of 200–500 m. Medium-range LiDAR is used where precision and cost-effectiveness are the primary concerns. These LIDAR sensors are used to provide 2D and 3D real-time data to easily identify objects within the range of 200–500 m. This LiDAR is used in engineering, mapping, environment, and exploration applications.
The LiDAR market for topographic airborne installation is account for the larger share of the LiDAR market through the forecasted period.
Airborne LiDAR systems are mounted on aerial vehicles such as aircraft, helicopters, or drones. LiDAR enables the acquisition of 3D data at a high rate, thus making it an ideal solution in surveying, inspection, and mapping. Airborne LiDAR is further sub-segmented into topography LiDAR and bathymetry LiDAR. This growth is attributed to the high demand for topographic LiDAR for surveying end-use applications. It can work in any environment, and the angle of sun rate has no impact on the quality of acquired data. It can also work at night and can easily survey remote and rural areas.
The market for laser scanners is to account for the larger share of the LiDAR market throughout the forecasted period.
Laser scanners are used to scan the environment and the reflection time of the signal from an object back to the detector. During the scanning process, laser systems gather information and 3D images of the surrounding environment. Laser scanners use deflecting mirrors, which enable the scanners to achieve a wide field of vision. The major factor contributing to this growth is the high deployment of laser scanners for transmitting and detecting by using laser pulses based on the ToF principle. The LiDAR systems deployed in aerial and ground-based surveying are equipped with positioning and navigation systems, such as GPS and IMUs, to provide highly accurate data.
“Market for solid-state type of LiDAR is expected to grow at highest CAGR during the forecasted period”
A solid-state LiDAR is built entirely on a silicon chip. It does not have any moving parts, which makes it smaller and more resilient to vibrations, leading to high-volume manufacturing and reduced production costs. The market for solid-state LiDAR is projected to grow at a higher CAGR during the forecast period. This can be attributed to the increasing range of applications of this LiDAR type in the in autonomous robots, drones, and cars.
Market for Asia Pacific is to grow at highest CAGR during the forecasted period.
The LiDAR market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period. The LiDAR market in the region is further segmented into China, Japan, South Korea, India, and the Rest of Asia Pacific. The Rest of Asia Pacific mainly includes Thailand, Singapore, Taiwan, and Australia. The growth of this market can be attributed to the increase in surveying and mapping operations due to the increasing infrastructural development, focus on forest management, and mining activities in the region. The increasing applications of airborne and ground-based LiDAR systems and the growing number of surveying and mapping activities in the region are anticipated to drive the demand for LiDAR in Asia Pacific.
LiDAR Market by Region
To know about the assumptions considered for the study, download the pdf brochure
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the LiDAR market space. The break-up of primary participants for the report has been shown below:
- By Company Type: Tier 1 - 45%, Tier 2 – 35%, and Tier 3 – 20%
- By Designation: C-level Executives – 35%, Directors – 43%, Others – 22%
- By Region: North America –33%, APAC– 24%, Europe – 30%, and RoW – 13%
Top LiDAR Companies - Key Market Players:
Leica Geosystems AG (Sweden), Trimble, Inc. (US), Teledyne Optech (Canada), FARO Technologies, Inc. (US), RIEGL Laser Measurement Systems GmbH (Austria), SICK AG (Germany), Quantum Spatial (US), Beijing SureStar Technology Co. Ltd. (China).
LIDAR Market Report Scope :
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Report Metric |
Details |
| Estimated Market Size | USD 1.4 billion in 2023 |
| Projected Market Size | USD 3.7 billion by 2028 |
| Growth Rate | CAGR of 19.4% |
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Market size available for years |
2019—2028 |
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Base year |
2022 |
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Forecast period |
2023—2028 |
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Units |
Value (USD Billion), Volume (Million Units) |
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Segments Covered |
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Geographic regions covered |
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Companies covered |
Leica Geosystems AG (Sweden), Trimb le, Inc. (US), Teledyne Optech (Canada), FARO Technologies, Inc. (US), RIEGL Laser Measurement Systems GmbH (Austria), SICK AG (Germany), Quantum Spatial (US), Beijing SureStar Technology Co. Ltd. (China). are the major players in the market. |
LiDAR Market Highlights
This report categorizes the LiDAR market based on Component, Type, Installation Type, Range, Service, End-use Application, Region.
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Recent Developments in LiDAR Industry :
- In September 2022, Leica Geosystem AG introduced Leica DMC-4, a highly airborne imaging sensor providing unsurpassed image quality for various applications and complex mapping environments.
- In July 2022, Trimble Inc. introduced the Trimble X12 scanning system to the geospatial scanning portfolio. The X12 integrates intuitive Trimble software for precise data capture and in-field registration with state-of-the-art 3D laser scanning and imaging hardware technology.
- In October 2022, FARO Technologies, Inc. introduced Focus Core Laser Scanner, a Fully integrated into FARO’s workflow solutions for application-specific insights, Focus Core uniquely serves the company’s key markets in construction, building operations, and public safety and is ideal for beginning a customer’s 3D capture experience.
Frequently Asked Questions (FAQ):
Which are the major companies in the LiDAR market? What are their major strategies to strengthen their market presence?
Leica Geosystems AG(Sweden), Trimble, Inc. (US), Teledyne Optech (Canada), FARO Technologies, Inc. (US),RIEGL Laser Measurement Systems GmbH (Austria), SICK AG (Germany), Quantum Spatial (US), Beijing SureStar Technology Co. Ltd. (China). These companies have adopted organic as well as inorganic growth strategies such as product launches, innovation in products, acquisitions, and partnerships to gain a competitive advantage in the market.
Which is the potential market for LiDAR in terms of the region?
Asia Pacific is the region with high growth opportunities owing to the presence of countries such as China, Japan, South Korea, India, and the Rest of APAC.
What are the opportunities for new market entrants?
Using the 4D technology LiDAR in self driving cars, robots, and other autonomous systems.
Which applications are expected to drive the growth of the LiDAR market in the next six years?
The application of LiDAR in Environment is accounted for the largest market share in the LiDAR market. LiDAR is widely adopted in environmental End-use applications for the surveying and monitoring of environmental resources. The market for ADAS and driverless cars is expected to grow with the highest CAGR. The growth of the LiDAR market for ADAS & driverless cars is attributed to the use of solid-state LiDAR in automotive applications
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
The study involved four major activities in estimating the size of LiDAR market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chains through primary research. The bottom-up approach was employed to estimate the overall market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various sources were referred to for identifying and collecting information important for this study. Secondary sources include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers, LiDAR-related journals, and certified publications; articles by recognized authors; gold and silver standard websites; and directories.
Secondary research was mainly conducted to obtain key information about the market value chain, the industry supply chain, the total pool of key players, market classification and segmentation according to industry trends to the bottom-most level, and key developments from both markets- and technology-oriented perspectives. Data from secondary research was collected and analyzed to arrive at the overall market size, which was further validated by primary research.
Primary Research
Extensive primary research has been conducted after understanding and analyzing the LiDAR market through secondary research. Several primary telephonic interviews have been conducted with key opinion leaders from the demand- and supply-side vendors across four major regions—North America, Europe, Asia Pacific, and the Rest of the World (RoW). Moreover, questionnaires and emails were also used to collect the data.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In this report for the complete market engineering process, both top-down and bottom-up approaches were used, along with several data triangulation methods, to estimate, forecast and validate the size of the market and its segments and subsegments listed in the report. Extensive qualitative and quantitative analyses were carried out to list the key information/insights pertaining to the LiDAR market.
Major players in the LiDAR market have been identified through secondary research, and their market shares in the respective regions have been determined through primary and secondary research. The entire research methodology included the study of annual and financial reports of top players and interviews with experts (such as CEOs, VPs, directors, and marketing executives) for key insights (quantitative and qualitative). All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. This data was consolidated and enhanced with detailed inputs and analysis from MarketsandMarkets and presented in this report.
LiDAR Market: Bottom-Up Approach
LiDAR Market: Top-Down Approach
Data Triangulation
After arriving at the overall size of the LiDAR market from the estimation process explained above, the total market was split into several segments and subsegments. The market breakdown and data triangulation procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.
Report Objectives
- To describe, segment, and forecast the overall size (in terms of value) of the light detection and ranging (LiDAR) market based on component, type, installation type, range, service, end-use application, and region
- To describe and forecast the market size (in terms of value) for various segments with regard to four main regions—North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
- To provide detailed information regarding major factors such as drivers, restraints, opportunities, and challenges influencing the growth of the market
- To describe in brief the value chain of LiDAR
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
- To profile key players and comprehensively analyze their market position in terms of their ranking and core competencies2, along with the detailed competitive landscape of the LiDAR market
- To analyze competitive developments, such as product launches and developments, partnerships, agreements, expansions, acquisitions, contracts, alliances, and research and development (R&D) activities undertaken in the LiDAR market
- To estimate, forecast, and analyze the penetration of LiDAR in the market from 2023 to 2028 and verify this analysis through secondary and primary research
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
Product Analysis
- Detailed analysis and profiling of additional market players
Generating Response ...
Growth opportunities and latent adjacency in LiDAR Market
Do you have technical report to focusing the components of 3D laser scanner for autonomous vehicle? If you have please send me the sample file. I'm little bit confusing with your reports. In your report contents, the meaning of LIDAR is little bit different as my understanding. Eventually the LIDAR components section, the components include GPS, Navigation. It's not only LIDAR sensor, kind of full system for autonomous vehicle. So, the other reports also mention the LIDAR components are same as yours. I think the 3D Laser scanner is mostly same as what I want to searching. So, I need not only market survey, but also technology reports.
We are looking to buy the LiDAR report and wanted to take a look at the sample to get a feeling on what we can expect.
I am doing a school project on LIDAR and need a sample of the report to look at the potential market size.
I am interested in the following topics Lidar bathymetry & topography services application mapping, cartography, exploration, urban planning.
I am interested in knowing the key players in the LiDAR market specifically catering in the US.
We are looking to quickly get smart on the LiDAR space to understand companies and their growth trajectory.
I am interested to speak with the team that helped put together this report to explore the possibility to establish a relationship for future collaboration on such reports in the LiDAR market. It would be of mutual benefit to combine the views of the broader market with that of the leading 3-D real-time LiDAR manufacture.
Hoping to see a bit more than what is on the website. Wanting to know if information has been gathered on LiDAR service providers, not just equipment. Also LiDAR systems now operate in the 500 kHz range (article says as high as 100 kHz).
ADAS and Autonomus vehicles are expected to disrrupt the solid-state LiDAR market. What are the other applications that would impact our revenues? Who are the leading manufacturers for solid-state LiDAR?
I want the latest news about materials solutions to the new components on vehicles, such as ADAS sensors, integration of parts, HUD, future interior designs.
I am interested in the following sections Market Analysis, By Application (Page No. - 79) Premium Insights (Page No. - 31) Market Overview (Page No. - 37) Industry Trends (Page No. - 46) Airborne LiDAR
We are interested only in the applications part of the LiDAR report. Do you provide it separately?
Specifically interested in ADAS & Driverless car markets for LIDAR and its future growth. How is that market distinct from the other projected markets?
I am interested in offering my knowledge in the fields I have experience, such as Sales Manager, Trainer and Technology Transfer in Geomatics tools like Lidar. I am also interested in knowing about how does the Lidar Market work in some regions of the world and the latest updates on this interesting field.
Will government mandates really help in achieving a significant position in the market? What would be impact of government mandates in long term like after 3 years and 5 years and its impact on the use of drones in next 3-5 years?
We would like to conduct field surveys of mining areas, tailing sites and land use/cover analysis. We are interested in price of LIDAR's.
We would like to conduct field surveys of mining areas, tailing sites and land use/cover analysis. We are interested in price of LIDAR's.
Can you tell us the Lidar market size in 2014? We need to know if it's worth is to investigate this market more and purchase the full report.
Ground-based LiDAR being the dominant LiDAR type does airborne LiDAR have a significant penitration in LiDAR offerings? Do you have any estimations for use of airborne LiDAR in next 3 to 5 years?
Which wavelength of Lidar will be chosen for both automotive and non-automotive applications?
I need LIDAR data for an AOI for a small in southeast Nigeria, for a PhD research on forest carbon mapping.
Which UAV is Best for aerial photography & LiDAR Survey? Which software is Best for those data analysis and aerial triangulation, stereo plotting, DTM & Orth photo generation for 1:1000 scale topographic mapping?
We are suppling in-line processing technology to the transportation industry (automotive/trucking ADAS and other navigation applications). Are you covering only the sensor portion of the market, or the entire system including the processing elements (silicon) that pair with LiDAR?
LiDAR is expected to expand its application to ADAS which has enormous market size. In parallel with increasing the market, unit price is going to be lowered. We are interested in this price/quantity trend in each application.
I want info only related to Airborne, Corridor Mapping, Forestry of LiDAR market
Can we only get the data of urban planning in countries with developing economy (central Asian, if available) with emphasis of water resources and hazardous industrial waste storage/management?
Can we only get the data of urban planning in countries with developing economy (central Asian, if available) with emphasis of water resources and hazardous industrial waste storage/management?
LiDAR for automotive ADAS and industry automation applications. Any discount can be available besides the list fee?
When did the LiDAR Market was last comprehensively researched? Is the complete market information updated as of now? Actual data/Historic Data for which years? Base year estimates for which year? Forecasts years? Does the report contains Market size in terms of number of units? What is the content of the report? When does the next version come out?
LiDAR has a highest revenue from aerial surveying applications. Is there a significant presence in GIS services and ground-based surveying applications too? What all have you considered for GIS services and ground-based surveying applications?
I am a surveyor engaged in both Land and Hydrographic surveying. I would like to know how I can use Lidar for mapping shallow waters in Hydrographic surveying project.
Can we get the data only for US LiDAR market?
Proper specification of LiDAR, RGB camera & Drone. Who are the major players for purchasing those devices?
We are a small, seed-stage Lidar developer working on chip-scale Lidar. We'd greatly appreciate access to "LiDAR Market by Type (Mechanical LiDAR and Solid-State LiDAR), Installation (Airborne and Ground-Based), Application (Corridor Mapping, ADAS & Driverless Car, and Engineering), Range, Component, Service, and Geography - Global Forecast to 2023". We would also appreciate the opportunity to talk to and connect your researchers to see if we can be of mutual benefit to each other. We'd love to learn a bit more about your research process.
My company is looking to get into LiDAR marketspace. Research studies such as these could help us plan more effectively.
What can one expect under cartography application of LiDAR report?
This report, "LiDAR Market by Product (Aerial, Ground-based, and UAV LiDAR), Component, Application (Corridor Mapping, Engineering, Environment, ADAS, Urban Planning, Exploration, and Metrology), Services and Geography - Global Forecast to 2022", Who is the author of this report?
North America is the leader in the LiDAR market. How do you look towards the market in Middle East, and use of LiDAR in exploration application in this region? Have you provided the estimates for LiDAR in Middle East region for oil & gas applications
I am looking for the following: Size of LiDAR market by industry (road vehicle based, UAV based, manned aircraft based...) and by territory (country).
Do you provide the LiDAR report only on Alternative materials for solid state laser host media, blue & UV laser diodes, and non linear optics sections?