Global LiDAR Market Assessment, By Installation [Airborne, Terrestrial], By Component [Laser Scanners, Navigation and Positioning Systems, Others], By Type [Mechanical, Solid-state], By Range [Low Range, Medium Range, High Range], By Application [Corridor Mapping, Engineering, Environment, ADAS and Driverless Cars, Exploration, Urban Planning, Cartography, Meteorology, Others], By Region, Opportunities and Forecast, 2017-2031F

Global LiDAR market is projected to witness a CAGR of 16.65% during the forecast period 2024-2031, growing from USD 2.08 billion in 2023 to USD 7.11 billion in 2031. The global light detection and ranging market has expanded rapidly in recent years, owing to the enhanced automated processing capability of LiDAR scanners and systems in terms of picture resolution and faster data processing compared to other technologies. The growing need for 3D images in applications such as military and defense, topographical surveys, civil engineering, and corridor mapping will likely fuel market expansion over the forecast period. LiDAR can create detailed 3D models of urban environments, helping planners visualize new developments, assess land use, and improve infrastructure. The installation of enhanced safety features is rising at an exponential rate. Furthermore, in nations such as the United States, self-driving cars are legally permitted on the road; these vehicles are equipped with LiDAR for GPS and navigation purposes, propelling the global LiDAR market growth shortly.

LiDAR is used to monitor weather patterns and variations in the environment. For instance, Canadian environmental monitoring stations use LiDAR technology to measure tropospheric pollution. LiDAR stations are important in monitoring volcanic ash, which can impede air travel. The method can be used to map an oil sand monitoring system. Due to its improved precision, LiDAR technology is expected to have a wide range of applications, driving market growth throughout the forecast period.

Furthermore, advancements in LiDAR technology, including the development of solid-state LiDARs are fueling market growth. Solid-state LiDAR, unlike traditional mechanical LiDAR systems, use stationary components, resulting in a more compact, sturdy, and, ultimately, less expensive solution. This advancement makes LiDAR integration more realistic in a variety of industries, such as automotive. It paves the way for applications such as drone-based mapping, robotics, and smart agriculture, which is anticipated to further drive market expansion.

For instance, in January 2024, PreAct Technologies, Inc., a US-based developer of near-field flash LiDAR technology, introduced new sensors, Sahara, Borrego, and Moab, designed for various industries including agriculture, healthcare, smart cities, security, transportation, or any field requiring detailed 3D mapping and modeling.

Increasing Demand for Autonomous Vehicles to Drive Market Growth

The demand for autonomous vehicles (AVs), equipped with advanced sensors to detect their surroundings and navigate the road environment automatically, drives market growth. As safety becomes a primary concern in the development of driverless cars, the demand for LiDAR sensor technology, which provides precise and reliable detection, grows steadily. In addition to cameras, radar, and other sensors, LiDAR is utilized to generate a real-time 360-degree image of an AV's surroundings. LiDAR sensors provide real-time information allowing AVs to make vehicle maneuver decisions and navigate safely in a variety of driving scenarios, including complicated urban environments and tough weather. Furthermore, major companies are launching new advanced LiDARs to tap into the growing demand for autonomous vehicles.

For instance, in September 2024, Hesai Technology Co., Ltd. launched its new LiDAR solution, OT128, at the IAA Transportation trade fair in Hannover, Germany. The 360° long-range LiDAR offers exceptional sensing performance and certified automotive-grade reliability. It can detect objects near and far, providing excellent surface detection, even for objects that cameras struggle to identify, such as black cars. The OT128 has the potential to drive innovation in the commercial automotive sector, enabling scalable commercial deployment of self-driving trucks, autonomous shuttles, last-mile delivery vehicles, and industrial automation.

Environmental Monitoring to Drive Market Demand

LiDAR technology allows precise and detailed mapping of environmental elements such as terrain, land cover, vegetation, and water bodies. This level of precision enables more precise assessments of ecological systems, which helps with conservation, land management, and natural resource monitoring. LiDAR is useful for assessing flood risk as it provides high-resolution elevation data. This information is used to model floodplains, identify risk areas, and help design flood management methods, thereby improving disaster response. LiDAR technology is used to monitor and manage natural resources such as soil erosion, water, and coastal areas. It offers critical data for sustainable resource management, helps to understand the influence of human activities on environmental resources, and promotes responsible natural resource use. Manufacturers are increasingly launching products related to environmental monitoring to improve crop yields and resource management by optimizing irrigation and pesticide consumption.

For instance, in April 2024, University of Science and Technology of China researchers developed a single-photon airborne LiDAR system for high-definition 3D images. This system uses a highly sensitive detector to register individual photons reflected off surfaces, enhancing the accuracy and resolution of 3D maps. Additionally, the system uses a low-powered laser and a small optical aperture while maintaining good detection range and imaging resolution, making it ideal to be deployed on drones or satellites to monitor forest landscape changes or generate 3D terrain maps in earthquake-affected areas.

Growing Urban Population and Infrastructure Development

LiDAR technology is crucial for smart city planning, development, and management. There is an increasing demand for the development of efficient transportation networks and traffic management solutions. LiDAR technology is used to collect data on road networks, traffic patterns, and pedestrian flows, allowing transportation planners to optimize traffic signals, construct safer crossings, and plan public transportation routes more effectively. Also, the growing urban population necessitates increased infrastructure construction, including roads, buildings, and utilities. LiDAR technology is a critical component of urban planning and development since it enables 3D mapping and modeling of urban areas.

For instance, in May 2024, LiDAR technology company Seyond, Inc., partnered with Peachtree Corners, a 5G smart city in Georgia, the United States, and Curiosity Lab to deploy and validate its LiDAR solutions in real-world environments. The LiDAR system, designed for automotive-grade hardware, can map large environments and detect vehicles and pedestrians. The system is deployed within Curiosity Lab's smart city ecosystem and at a select intersection in Peachtree Corners. The combined technologies collect real-world data to implement traffic and VRU signal solutions, making intersections safer and more efficient. The city can use the data collected to adjust traffic signals, pedestrian crossing signals, and intersection design, addressing specific safety and efficiency needs.

Corridor Mapping Segment to Dominate the Market Share

The global LiDAR market is dominated by the corridor mapping application segment during the forecast period. Corridor mapping is the detailed survey and mapping of linear features such as roads, highways, railways, pipelines, and power lines. These infrastructure projects require precise and reliable design, construction, and upkeep data. LiDAR technology has major advantages in corridor mapping since it produces high-resolution 3D data rapidly and effectively, especially in difficult terrain or highly vegetated areas. Engineers, urban planners, and government agencies can use this data to assess existing infrastructure issues, design new developments, and successfully optimize transportation networks, further increasing LiDAR market growth.

For instance, in March 2024, Leica Geosystems AG introduced the Leica TerrainMapper-3 airborne LiDAR sensor, offering three scan patterns for improved productivity and customization. These patterns include circles for 3D modeling of urban areas or steep terrains, ellipses for data capture for traditional mapping, and skew ellipses for improved point density for infrastructures and corridor mapping.

Solid-state LiDAR to Represent Highest Growth in the Global LiDAR Market

The solid-state LiDAR technology type will dominate the market over the forecast period. Unlike mechanical LiDAR, which includes hefty rotating components, solid-state LiDAR has no moving parts. This leads to a smaller, lighter, and more streamlined design. It is suitable for a wide range of applications, particularly in closed quarters, due to its small size. For example, the smaller size of solid-state LiDAR allows car manufacturers to integrate it seamlessly into a variety of vehicle models, promoting its adoption in the automotive industry. Furthermore, the absence of moving parts in solid-state LiDAR eliminates the wear and tear associated with mechanical LiDAR's rotating mechanics. This reduces the possibility of failures and malfunctions, resulting in a more durable and reliable sensor. Solid-state LiDAR technology is quickly developing. The goal of research and development is to improve the range, resolution, and speed of data collection. This ongoing research raises optimism for solid-state LiDAR's ability to deliver the performance needed for a wide range of demanding applications such as drones and precision agriculture.

For instance, in May 2024, Lumotive and Hokuyo Automatic Co., Ltd., announced the commercial release of the YLM-10LX 3D LiDAR sensor, powered by Lumotive's Light Control Metasurface (LCM) optical beamforming technology. This groundbreaking product transforms 3D sensing in industrial automation and service robotics applications by eliminating the need for bulky, expensive, and fragile mechanical moving parts found in traditional LiDAR systems. The LCM chips enable unparalleled stability and accuracy in 3D object recognition and distance measurement, handling multi-path interference.

North America to Dominate the Global LiDAR Market Share

North America dominates the market due to its emphasis on self-driving cars, geospatial mapping, and infrastructure development. Growing R&D investments and a significant presence of tech companies stimulate innovation in LiDAR technology, which is required for enhanced vehicle navigation and precise mapping. The region's infrastructure projects benefit from LiDAR's detailed surveying and monitoring capability. Supportive regulatory regimes help to increase the adoption and integration of the LiDAR system. This combination of technology innovation, investment, and favorable legislation reinforces North America's status as a center for cutting-edge LiDAR applications.

For instance, in April 2024, GeoCue Group, Inc., and CHC Navigation (Shanghai Huace Navigation Technology Ltd.) launched the TrueView 540, a survey-grade LiDAR system designed for aerial surveying applications in the North American market. The system, developed by CHC Navigation, uses advanced LiDAR payload and LP360 3D Point Cloud Processing Software for efficiency and flexibility.

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Future Market Scenario (2024 – 2031F)

• LiDAR capabilities, in combination with artificial intelligence, are expected to expand in connected cars and ADAS applications.
• The increasing demand for solid-state LiDARs in newer application areas such as mining, agriculture, and urban city planning, is anticipated to drive market growth further.
• As industries adopt Industry 4.0 concepts to improve operational efficiency, LiDAR integration with robotic systems is projected to increase, cementing its role as a cornerstone technology in the continuing industrial revolution.

Report Scope

“LiDAR Market Assessment, Opportunities and Forecast, 2017-2031F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of global LiDAR market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between 2024 and 2031. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.

Report Attribute	Details
Base Year of the Analysis	2023
Historical Period	2017-2022
Forecast Period	2024-2031
Projected Growth Rate	CAGR of 16.65% between 2024 and 2031
Revenue Forecast in 2031	USD 7.11 billion
Segments Covered	Installation, Component, Type, Range, Application
Regions Covered	North America, Europe, South America, Asia-Pacific, Middle East and Africa
Key Companies Profile	FARO Technologies, Inc., Leica Geosystems AG, Teledyne Technologies Incorporated, LeddarTech Holdings, Inc., Quanergy Solutions, Inc., Trimble, Inc., Luminar Technologies, Inc., Ouster, Inc., SICK AG, Leishen Intelligent Systems Co., Ltd.
Customization Scope	15% free report customization with purchase
Pricing and Purchase Options	Avail the customized purchase options to fulfill your precise research needs
Delivery Format	PDF and Excel through email (subject to the license purchased)

In the report, global LiDAR market has been segmented into the following categories: 

• By Installation
  • Airborne
  • Terrestrial
• By Component
  • Laser Scanners
  • Navigation and Positioning Systems
  • Others
• By Type
  • Mechanical
  • Solid-state
• By Range
  • Low Range (Less Than 200m)
  • Medium Range (200 to 500m)
  • High Range (More Than 500m)
• By Application
  • Corridor Mapping
  • Engineering
  • Environment
  • ADAS and Driverless Cars
  • Exploration
  • Urban Planning
  • Cartography
  • Meteorology
  • Others
• By Region
  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East and Africa

Key Players Landscape and Outlook

The global LiDAR market is fragmented due to the presence of numerous companies that are spending heavily on research and development (R&D) to launch innovative LiDAR products. Key players are adopting various strategic initiatives, such as expansion of product portfolios, collaborations, mergers, and acquisitions, to speed up the development and deployment of LiDAR technology.

In September 2024, Cron AI and Lumotive, Inc. partnered to develop a solid-state LiDAR design with deep learning capabilities, utilizing Lumotive's Light Control Metasurface (LCM) chip for enhanced 3D sensing. This partnership marks a significant leap in 3D perception technology, combining strengths into a streamlined design built on Lumotive's 3D Sensing development kits. The innovative development lays the foundation for intelligent sensors that integrate LiDAR data, transforming it into actionable intelligence through a robust deep learning layer.

Key Players Operating in Global LiDAR Market are:

• FARO Technologies, Inc.
• Leica Geosystems AG
• Teledyne Technologies Incorporated
• LeddarTech Holdings, Inc.
• Quanergy Solutions, Inc.
• Trimble, Inc.
• Luminar Technologies, Inc.
• Ouster, Inc.
• SICK AG
• Leishen Intelligent Systems Co., Ltd.

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