LiDAR Market Size, Share, Trends by Component (Laser Scanners, Navigation and Positioning Systems, Other Components), Installation (Airborne, Ground-based), Type (Mechanical, Solid-state), Range (Short, Medium, Long), Service, Region - Global Forecast to 2029
Updated on : Sep 12, 2024
LiDAR Market Size & Share
[294 Pages Report] The Global light detection and ranging market size was valued at USD 1.4 billion in 2023 and is estimated to reach USD 3.7 billion by 2029, registering a CAGR of 18.2% during the forecast period.
The growth of the LiDAR market size is driven by surge in the demand for 3D imagery in application areas, rise in the development of smart cities and infrastructure projects, emergence of 4D LiDAR, rising adoption of LiDAR systems in UAVs.
LiDAR Market Forecast to 2029
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Lidar Market Trends :
Drivers: Increasing number of smart cities and infrastructure development projects
LiDAR technology is crucial in various smart city planning, development, and management aspects. This technology is used in urban planning to create highly detailed 3D maps of cityscapes. This information helps city planners visualize existing structures, plan new developments, and optimize land use. It monitors critical infrastructure, such as bridges, roads, and buildings. It enables the creation of accurate 3D models to assess structural integrity and identify maintenance needs.
Smart cities leverage LiDAR for disaster response and resilience planning. The technology enables the creation of detailed digital elevation models, which can be crucial for assessing the impact of natural disasters and planning emergency responses. LiDAR supports environmental monitoring initiatives in smart cities by providing accurate 3D data for mapping green spaces, tracking vegetation health, and assessing air quality. This information aids in sustainable urban development.
Additionally, LiDAR technology contributes to the development of smart grids by providing detailed 3D data for assessing terrain and planning the placement of utility infrastructure. This supports the efficient distribution of energy. The demand for LiDAR in smart city applications is likely to continue growing as urbanization and the development of intelligent infrastructure become more prevalent. As cities strive to become more efficient, sustainable, and technologically advanced, LiDAR's ability to provide precise 3D data becomes increasingly valuable in supporting these initiatives.
In January 2022, Quanergy Systems, Inc., a leading provider of OPA-based solid-state LiDAR sensors and smart 3D solutions for automotive lidar sensors market and IoT, showcased its advanced 3D IoT LiDAR solutions and technologies for smart cities at CES 2022 in Las Vegas. Quanergy's solutions included smart mobility, retail flow management analytics, building occupancy management, and perimeter intrusion detection.
Restraint: High testing, engineering, and calibration costs
The cost of LiDAR (Light Detection and Ranging) systems is a significant restraint for the lidar industry. Several factors contribute to the high costs, and these challenges can limit the widespread adoption of LiDAR technology across various industries. The intricate design and precision required for manufacturing LiDAR sensors contribute to high production costs. The components, such as laser scanners, detectors, and scanning mechanisms, often involve advanced technology and manufacturing processes, adding to the overall cost.
LiDAR systems employ complex technologies to generate accurate 3D maps or images. The integration of various components, such as laser emitters, receivers, and scanning mechanisms, adds to the complexity of the systems, making them more expensive to produce. While there is a demand for smaller and lighter LiDAR systems, achieving miniaturization without compromising performance can be challenging. Developing compact and lightweight
LiDAR devices often require specialized components and manufacturing techniques, increasing costs. High-precision LiDAR systems with exceptional accuracy are crucial for applications, including autonomous vehicles, where safety is paramount. Meeting stringent quality and accuracy requirements involves additional engineering, testing, and calibration processes, increasing costs. Integrating LiDAR systems into existing products or platforms, such as autonomous vehicles or drones, can involve additional costs for adaptation and testing to ensure seamless functionality within the broader system.
Opportunity: Mounting development of advanced geospatial solutions
Improvements in sensor technologies are leading to the development of advanced geospatial solutions, especially for mobile mapping and machine control, consequently improving workflows, productivity, and project outcomes. Currently, sensors have the potential to bring together multiple sensor types or technologies to advance geospatial solutions in the areas of cost, performance, availability, and reliability. For LiDAR users, combining data from different types of sensors into one solution can generate more valuable data from missions, improving productivity and expanding services. The fusion of data from sensors and cameras of LiDAR systems is expected to offer a broader scope for mapping, automotive lidar market
Challenge: Complexities related to miniaturized LiDAR sensing
Miniaturizing LiDAR systems is a significant challenge, especially when size, weight, and power constraints are critical. These systems include various components, including lasers, detectors, and scanning mechanisms, which must be made smaller without compromising their performance. Achieving a compact size while maintaining the necessary precision is a complex engineering task.
Power consumption must be reduced without sacrificing performance to make LiDAR sensors small enough for portable and battery-powered applications. However, this is a delicate balance. Shrinking the size of LiDAR sensors can limit the space available for optical components, which can affect the field of view, range, and resolution of the system. Innovative optical design solutions are required to address this challenge. Integrating miniaturized LiDAR systems into small devices, such as smartphones or drones, also requires seamless integration with other sensors, such as cameras and radar. Ensuring effective sensor fusion without compromising functionality is a complex task. However, miniaturization efforts often result in increased manufacturing complexity and the use of specialized materials, which can drive up production costs. Therefore, balancing the cost of miniaturization with market demands is a key consideration..
Corridor Mapping end-use application segment to account for second largest share of the LiDAR market during forecast period
The corridor mapping end use application segment is expected to to account for second largest share of the LiDAR market during forecast period. Corridor mapping is used for surveying roads and railways. LiDAR generates digital terrain models (DTM) and digital surface models (DSM), which result from laser scanning, making it possible to create elevation profiles anywhere. Lidar provides highly accurate and precise 3D spatial data, allowing for detailed mapping of the corridor and its surroundings. This level of accuracy is crucial for engineering and design applications in infrastructure projects..
The market for aerial surveying services segment is expected to hold the largest market share during the forecast period
The aerial surveying services segment is expected to hold the largest market share during the forecast period. Aerial surveying services are widely deployed to monitor any mishap in areas, such as roads, railways, highways, and bridges. This surveying method can provide accurate results of inspecting the site and can be done using manned or unmanned aerial systems, such as drones and aircraft. Government bodies generally conduct these services. Airborne lidar market is crucial in natural resource management, including forestry management and precision agriculture. This system aids in assessing vegetation health, estimating biomass, and monitoring changes in land cover. Aerial LiDAR surveys provide high-precision and accurate 3D mapping of terrain and landscapes. The technology can capture detailed elevation data and create accurate topographic mapping.
Short range LiDARs to hold the largest share of market during the forecast period
Short range LiDARs are expected to hold the largest share of market during the forecast period. Short-range LiDAR is used to detect objects in the 0–200 m range. Short-range LiDARs are used in manufacturing environments and industrial lidar for object detection and proximity sensing. They help detect the presence of objects in close proximity to machinery, facilitating safe and efficient operations. Short-range LiDARs are often employed in robotic vehicles, drones, and autonomous vehicles for close proximity obstacle detection and avoidance. They help ensure the safety of the system by identifying and reacting to obstacles in real-time, enabling collision avoidance. Due to the adoption of short-range LiDAR in applications, such as automobiles, security, and robotics, the short-range LIDAR segment is projected to lead the market
LiDAR Market Regional Analysis
LiDAR market in Asia Pacific estimated to grow at the fastest rate during the forecast period
The LiDAR market, in Asia Pacific is expected to grow at the highest CAGR during the forecast period. Asia Pacific is expected to witness highest growth during the forecast period. The growth of this market can be attributed to the increase in surveying and mapping operations due to rising infrastructural development, increased focus on agricultural management, and a rise in mining activities in the region. Lack of awareness, high cost of LiDAR, and high expenses incurred in geographic surveys are limiting the momentum of this technology in the Asia Pacific.
LiDAR Market by Region
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Top LiDAR Companies - Key Market Players:
Major vendors in the LiDAR companies include
- Leica Geosystems AG (Sweden),
- Trimble Inc. (US),
- Teledyne Optech (Canada),
- FARO Technologies, Inc. (US),
- RIEGL Laser Measurement Systems GmbH (Austria),
- Sick AG (Germany),
- NV5 Geospatial (US),
- Beijing SureStar Technology Co. Ltd. (China),
- Ouster (Velodyne Lidar, Inc.) (US),
- YellowScan (France),
- Leishen Intelligent System Co., Ltd. (China),
- SABRE Advanced 3D Surveying Systems (Scotland),
- Hesai Technology (China),
- RoboSense (China). These are some of the biggest lidar companies and top lidar companies in the market.
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 2029 |
| Growth Rate | CAGR of 18.2% |
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Market size available for years |
2020—2029 |
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Base year |
2023 |
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Forecast period |
2024—2029 |
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Segments covered |
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Geographic regions covered |
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Companies covered |
Leica Geosystems AG (Sweden), Trimble Inc. (US), Teledyne Optech (Canada), FARO (US), Ouster (Velodyne Lidar, Inc.) (US), RIEGL Laser Measurement Systems GmbH (Austria), Sick AG (Germany), NV5 Geospatial (US), Beijing SureStar Technology Co. Ltd. (China), YellowScan (France), Leishen Intelligent System Co., Ltd. (China), SABRE Advanced 3D Surveying Systems (Scotland), Hesai Technology (China), RoboSense (China). |
LiDAR Market Highlights
This research report categorizes the LiDAR market based on component, type, installation, range, service, end-use application, and region
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Lidar Market Trends, By Component: |
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Lidar Market Size, By Type: |
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Lidar Market Share, By Services: |
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Lidar Market Size, By End use Application: |
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Recent Developments in LiDAR Industry
- In October 2023, FARO announced the release of the FARO Orbis Mobile Scanner, a groundbreaking advancement to redefine 3D reality capture. Orbis is the first to market a hybrid SLAM scanner that can be used for mobile and stationary data capture in one device. It offers local or cloud-based data processing and collaboration. The product is the latest evolution in FARO’s industry-leading Simultaneous Localization and Mapping (SLAM)-enabled LiDAR technology.
- In April 2023, Teledyne Optech introduced the marine lidar sensor, CL-360 for marine applications. This lidar sensor can be seamlessly integrated with high-resolution multibeam systems and the CARIS Ping-To-Chart workflow, allowing full above and below-water image capture with survey-grade accuracy in a single workflow.
Key Questions Addressed in the Report:
What will be the dynamics for the adoption of LiDAR solutions market based on the installation?
In 2023, the market for ground-based LiDAR accounted for a larger market share and is projected to grow at a higher CAGR than the airborne LiDAR segment during the forecast period. This growth is attributed to the low cost and less stringent approval criteria for mapping and surveying applications for ground-based LiDAR. Moreover, the high adoption of ground-based LiDAR in various applications, such as environment, meteorology, corridor mapping, advanced driver-assistance systems (ADAS), and driverless cars, is expected to drive the market in the near future.
Which end use application segment will contribute more to the overall market share by 2029?
The environment end use application segment will contribute the most to the LiDAR market. LiDAR is widely adopted in environmental end-use applications for surveying and monitoring environmental resources. Laser scanning systems are suited for environmental monitoring end-use applications—from airborne carbon mapping to coastal monitoring surveys. The installation of LiDAR can be ground-based or airborne and can be mounted on drones, airplanes, helicopters, and vehicles. Alternately, it can also be kept stationary to obtain the data of a terrain. Geospatial solutions can then be provided to the end users, and point clouds can be generated. With the help of 3D modeling and simulation, potential risk analysis can be done, and the steps that need to be taken can be decided.
How will technological developments such as artificial intelligence (AI), machine learning change the LiDAR market landscape in the future?
Integrating artificial intelligence (AI) and machine learning (ML) with LiDAR technology transforms how LiDAR data is processed, analyzed, and utilized. AI and ML techniques enhance the capabilities of LiDAR systems, making them more intelligent, adaptable, and efficient.
Which region is expected to adopt LiDAR solutions at a fast rate?
The Asia Pacific region is expected to adopt LiDAR solutions at the fastest rate. Countries such as the China and India are expected to have a high potential for the future growth of the market.
What are the key market dynamics influencing market growth? How will they turn into strengths or weaknesses of companies operating in the market space?
The rising adoption of LiDAR-based UAVs provides ample opportunities for surveying applications, which can be done more cheaply than manual surveying methods. The increasing use of UAVs has provided an impetus to the demand for airborne LiDAR-based surveying and mapping. LiDAR systems mounted on unmanned vehicles provide portability and versatility, enabling them to reach terrains and situations where humans cannot. Professionals for low-altitude photography, terrain mapping, and survey applications are increasingly adopting UAVs. In recent years, LiDAR has become one of the crucial tools in the commercial drone industry to capture high-quality and accurate evaluation data.
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The study involved four major activities in estimating the size for 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 used to identify and collect information important for this study. These include annual reports, press releases & investor presentations of companies, white papers, technology journals, and certified publications, articles by recognized authors, directories, and databases.
Secondary research was mainly used to obtain key information about the supply chain of the industry, the total pool of market players, classification of the market according to industry trends to the bottom-most level, regional markets, and key developments from the market and technology-oriented perspectives.
Primary research was also conducted to identify the segmentation types, key players, competitive landscape, and key market dynamics such as drivers, restraints, opportunities, challenges, and industry trends, along with key strategies adopted by players operating in the LiDAR market. Extensive qualitative and quantitative analyses were performed on the complete market engineering process to list key information and insights throughout the report.
Primary Research
Extensive primary research has been conducted after acquiring knowledge about the LiDAR market scenario through secondary research. Several primary interviews have been conducted with experts from both demand (end users) and supply side (LiDAR solution providers) across 4 major geographic regions: North America, Europe, Asia Pacific, and RoW. Approximately 80% and 20% of the primary interviews have been conducted from the supply and demand side, respectively. These primary data have been collected through questionnaires, emails, and telephonic interviews.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In the complete market engineering process, both the top-down and bottom-up approaches were implemented, along with several data triangulation methods, to estimate and validate the size of the LiDAR market and various other dependent submarkets. Key players in the market were identified through secondary research, and their market share in the respective regions was determined through primary and secondary research. This entire research methodology included the study of annual and financial reports of the top players, as well as interviews with experts (such as CEOs, VPs, directors, and marketing executives) for key insights (quantitative and qualitative).
All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the markets covered in this research study were accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated and supplemented 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 market size from the market size estimation process as explained above, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, market breakdown and data triangulation procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both demand and supply sides. Along with this, the market has been validated using top-down and bottom-up approaches.
Definition
LiDAR, or light detection and ranging, works on the time of flight principle. The system uses light waves or a light source as a pulsed laser to measure the distance between objects. Measuring distances helps create 3D maps of terrains or earth surfaces that are not visible to the human eye or cannot be created through photogrammetry. The light waves are combined with other data recorded by the system (airborne or ground-based) to generate precise 3D information about the shape and characteristics of the targeted object.
Key Stakeholders
- Senior Management
- End User
- Finance/Procurement Department
- R&D Department
Report Objectives
- To describe, segment, and forecast the overall size (of the LiDAR market, by component, type, installation, range, service, end-use application, and region, in terms of value
- To describe and forecast the market size for various segments with regard to four main regions—North America, Europe, Asia Pacific, and the Rest of the World (RoW), in terms of value
- To describe and forecast the market size for components, in terms of volume
- To provide detailed information regarding major factors, such as drivers, restraints, opportunities, and challenges influencing the market growth
- To analyze the supply chain, trends/disruptions impacting customer business, market/ecosystem map, pricing analysis, and regulatory landscape pertaining to the LiDAR market.
- To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the market
- To describe in brief the value chain of light detection and ranging (LiDAR) solutions.
- 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 market
- To analyze competitive developments, such as product launches and developments, partnerships, agreements, expansions, acquisitions, contracts, alliances, and research & development (R&D)undertaken in the LiDAR market
- To benchmark market players using the proprietary ‘Company Evaluation Matrix,’ which analyzes market players on various parameters within the broad categories of business strategy excellence and strength of product portfolio
- To analyze the probable impact of the recession on the market
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Product Analysis
- Product matrix that gives a detailed comparison of the product portfolio of each company
Company Information
- Detailed analysis and profiling of additional market players (up to 7)
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?