Light Detection and Ranging (LiDAR) Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Light Detection and Ranging (LiDAR) Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Light Detection and Ranging (LiDAR) Market

The light detection and ranging (LiDAR) market size was valued at USD 1.90 billion in 2022, and the market is now projected to grow from USD 2.31 billion in 2023 to USD 7.94 billion by 2030, exhibiting a CAGR of 19.3% during the forecast period of 2023-2030.

Light detection and ranging (LiDAR) era measures the time of flight of laser points to create a 3-d real-time model of the sector. The device’s sensors calculate the best distance to each item based on the rate of mild and the overlap of the emitted and reflected laser pulses. By gathering hundreds of thousands of particular distance measurements each second, the system generates a complete three-D matrix of its environment. Additionally, 4D systems combine a camera, adding intensity belief for each pixel and imparting unique statistics with the aid of taking pictures real-time pictures. This advancement considerably complements the accuracy and software of LiDAR generation across diverse business applications.

The adoption of offshore wind power is using substantial investments to guide marketplace expansion. This generation is increasingly more used for diverse mapping and 3-D imaging programs, leading to good sized growth in volume and revenue proportion. Unlike traditional strategies, this imaging generation's particular performance, with fewer wavelengths and the capacity to locate smaller items, makes it some distance more accurate and powerful for those purposes.

Comprehensive Analysis of Light Detection and Ranging (LiDAR)Market

The light detection and ranging (LiDAR) market growth is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated by component analysis, by type analysis, by deployment analysis, by range analysis and by industrial analysis. By component analysis include, hardware and software. By type analysis include, mechanical and solid-state. By deployment analysis includes, ground-based and airborne. By range analysis include, short range, medium range, and long range. By industrial analysis includes automotive, aerospace and defense, smart infrastructure, environment sector, oil & gas, and others.

The North America region lead the light detection and ranging (LiDAR) market share by benefitting a market size of USD 0.63 billion in 2022 due to the dominant and fastest-growing regional market during the forecast period.

The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include FARO Technologies, Inc. (U.S.), Hexagon AB (Sweden), Innoviz Technologies Ltd. (Israel), LeddarTech Inc. (Canada), Leica Geosystems (Switzerland), Ouster Inc. (U.S.), Sick AG (Germany), Teledyne Technologies (U.S.), Trimble Inc. (U.S.), Valeo S.A. (France)., these market players provide a level-playing competitive landscape.

In May 2023, Ouster Inc. was awarded a production contract from Motional to supply Alpha Prime VLS-128 sensors through 2026 for serial production.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 19.3% from 2023 to 2030

Unit Value (USD Billion)

Segmentation By Component, By Type, By Deployment, By Range, By Industry, By Region

Segmentation By Component

Hardware

Software

By Type

Mechanical

Solid-state

By Deployment

Ground-based

Airborne

By Range

Short Range

Medium Range

Long Range

By Industry

Automotive

Aerospace and Defense

Smart Infrastructure

Environment Sector

Oil and Gas

Others

Regions North America (By Component, By Type, By Deployment, By Range, By Industry, By Country)

U.S. (By Deployment)

Canada (By Deployment)

Europe (By Component, By Type, By Deployment, By Range, By Industry, By Country)

U.K. (By Deployment)

Germany (By Deployment)

Italy (By Deployment)

Spain (By Deployment)

Rest of Europe (By Deployment)

Asia Pacific (By Component, By Type, By Deployment, By Range, By Industry, By Country)

China (By Deployment)

Japan (By Deployment)

India (By Deployment)

Southeast Asia (By Deployment)

Rest of Asia Pacific (By Deployment)

Middle East & Africa (By Component, By Type, By Deployment, By Range, By Industry, By Country)

UAE (By Deployment)

Egypt (By Deployment)

Saudi Arabia (By Deployment)

South Africa (By Deployment)

Rest of Middle East & Africa (By Deployment)

Latin America (By Component, By Type, By Deployment, By Range, By Industry, By Country)

Brazil (By Deployment)

Mexico (By Deployment)

Rest of Latin America (By Deployment)


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1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
4.2. Latest technological Advancements
4.3. Porters Five Forces Analysis
4.4. Supply Chain Analysis
5. Qualitative Insights-Impact of Russia-Ukraine War on Global Light Detection and Ranging (LiDAR)
5.1. Impact of Russia-Ukraine War on Global Light Detection and Ranging (LiDAR)
6. Global Light Detection and Ranging (LiDAR) Analysis, Insights and Forecast, 2019-2030
6.1. Key Findings / Segmental Definitions
6.2. Market Analysis, Insights and Forecast – By Component
6.2.1. Hardware
6.2.2. Software
6.3. Market Analysis, Insights and Forecast –By Type
6.3.1. Mechanical
6.3.2. Solid-state
6.4. Market Analysis, Insights and Forecast – By Deployment
6.4.1. Ground-based
6.4.2. Airborne
6.5. Market Analysis, Insights and Forecast – By Range
6.5.1. Short Range
6.5.2. Medium Range
6.5.3. Long Range
6.6. Market Analysis, Insights and Forecast – By Industry
6.6.1. Automotive
6.6.2. Aerospace and Defense
6.6.3. Smart Infrastructure
6.6.4. Environment Sector
6.6.5. Oil and Gas
6.6.6. Others
6.7. Market Analysis, Insights and Forecast – By Region
6.7.1. North America
6.7.2. Europe
6.7.3. Asia Pacific
6.7.4. Middle East & Africa
6.7.5. Latin America
7. North America Light Detection and Ranging (LiDAR) Analysis, Insights and Forecast, 2019-2030
7.1. Market Analysis, Insights and Forecast – By Component
7.1.1. Hardware
7.1.2. Software
7.2. Market Analysis, Insights and Forecast –By Type
7.2.1. Mechanical
7.2.2. Solid-state
7.3. Market Analysis, Insights and Forecast – By Deployment
7.3.1. Ground-based
7.3.2. Airborne
7.4. Market Analysis, Insights and Forecast – By Range
7.4.1. Short Range
7.4.2. Medium Range
7.4.3. Long Range
7.5. Market Analysis, Insights and Forecast – By Industry
7.5.1. Automotive
7.5.2. Aerospace and Defense
7.5.3. Smart Infrastructure
7.5.4. Environment Sector
7.5.5. Oil and Gas
7.5.6. Others
7.6. Market Analysis – By Country
7.6.1. The U.S.
7.6.1.1. Market Analysis, Insights and Forecast – By Component
7.6.1.1.1. Ground-based
7.6.1.1.2. Airborne
7.6.2. Canada
7.6.2.1. Market Analysis, Insights and Forecast – By Component
7.6.2.1.1. Ground-based
7.6.2.1.2. Airborne
8. Europe Light Detection and Ranging (LiDAR) Analysis, Insights and Forecast, 2019-2030
8.1. Market Analysis, Insights and Forecast – By Component
8.1.1. Hardware
8.1.2. Software
8.2. Market Analysis, Insights and Forecast –By Type
8.2.1. Mechanical
8.2.2. Solid-state
8.3. Market Analysis, Insights and Forecast – By Deployment
8.3.1. Ground-based
8.3.2. Airborne
8.4. Market Analysis, Insights and Forecast – By Range
8.4.1. Short Range
8.4.2. Medium Range
8.4.3. Long Range
8.5. Market Analysis, Insights and Forecast – By Industry
8.5.1. Automotive
8.5.2. Aerospace and Defense
8.5.3. Smart Infrastructure
8.5.4. Environment Sector
8.5.5. Oil and Gas
8.5.6. Others
8.6. Market Analysis – By Country
8.6.1. U.K.
8.6.1.1. Market Analysis, Insights and Forecast – By Component
8.6.1.1.1. Ground-based
8.6.1.1.2. Airborne
8.6.2. Germany
8.6.2.1. Market Analysis, Insights and Forecast – By Component
8.6.2.1.1. Ground-based
8.6.2.1.2. Airborne
8.6.3. France
8.6.3.1. Market Analysis, Insights and Forecast – By Component
8.6.3.1.1. Ground-based
8.6.3.1.2. Airborne
8.6.4. Italy
8.6.4.1. Market Analysis, Insights and Forecast – By Component
8.6.4.1.1. Ground-based
8.6.4.1.2. Airborne
8.6.5. Spain
8.6.5.1. Market Analysis, Insights and Forecast – By Component
8.6.5.1.1. Ground-based
8.6.5.1.2. Airborne
8.6.6. Rest of Europe
8.6.6.1. Market Analysis, Insights and Forecast – By Component
8.6.6.1.1. Ground-based
8.6.6.1.2. Airborne
9. Asia Pacific Light Detection and Ranging (LiDAR) Analysis, Insights and Forecast, 2019-2030
9.1. Market Analysis, Insights and Forecast – By Component
9.1.1. Hardware
9.1.2. Software
9.2. Market Analysis, Insights and Forecast –By Type
9.2.1. Mechanical
9.2.2. Solid-state
9.3. Market Analysis, Insights and Forecast – By Deployment
9.3.1. Ground-based
9.3.2. Airborne
9.4. Market Analysis, Insights and Forecast – By Range
9.4.1. Short Range
9.4.2. Medium Range
9.4.3. Long Range
9.5. Market Analysis, Insights and Forecast – By Industry
9.5.1. Automotive
9.5.2. Aerospace and Defense
9.5.3. Smart Infrastructure
9.5.4. Environment Sector
9.5.5. Oil and Gas
9.5.6. Others
9.6. Market Analysis – By Country
9.6.1. China
9.6.1.1. Market Analysis, Insights and Forecast – By Component
9.6.1.1.1. Ground-based
9.6.1.1.2. Airborne
9.6.2. Japan
9.6.2.1. Market Analysis, Insights and Forecast – By Component
9.6.2.1.1. Ground-based
9.6.2.1.2. Airborne
9.6.3. India
9.6.3.1. Market Analysis, Insights and Forecast – By Component
9.6.3.1.1. Ground-based
9.6.3.1.2. Airborne
9.6.4. Southeast Asia
9.6.4.1. Market Analysis, Insights and Forecast – By Component
9.6.4.1.1. Ground-based
9.6.4.1.2. Airborne
9.6.5. Rest of Asia Pacific
9.6.5.1. Market Analysis, Insights and Forecast – By Component
9.6.5.1.1. Ground-based
9.6.5.1.2. Airborne
10. Middle East & Africa Light Detection and Ranging (LiDAR) Analysis, Insights and Forecast, 2019-2030
10.1. Market Analysis, Insights and Forecast – By Component
10.1.1. Hardware
10.1.2. Software
10.2. Market Analysis, Insights and Forecast –By Type
10.2.1. Mechanical
10.2.2. Solid-state
10.3. Market Analysis, Insights and Forecast – By Deployment
10.3.1. Ground-based
10.3.2. Airborne
10.4. Market Analysis, Insights and Forecast – By Range
10.4.1. Short Range
10.4.2. Medium Range
10.4.3. Long Range
10.5. Market Analysis, Insights and Forecast – By Industry
10.5.1. Automotive
10.5.2. Aerospace and Defense
10.5.3. Smart Infrastructure
10.5.4. Environment Sector
10.5.5. Oil and Gas
10.5.6. Others
10.6. Market Analysis – By Country
10.6.1. UAE
10.6.1.1. Market Analysis, Insights and Forecast – By Component
10.6.1.1.1. Ground-based
10.6.1.1.2. Airborne
10.6.2. Egypt
10.6.2.1. Market Analysis, Insights and Forecast – By Deployment
10.6.2.1.1. Ground-based
10.6.2.1.2. Airborne
10.6.3. Saudi Arabia
10.6.3.1. Market Analysis, Insights and Forecast – By Deployment
10.6.3.1.1. Ground-based
10.6.3.1.2. Airborne
10.6.4. South Africa
10.6.4.1. Market Analysis, Insights and Forecast – By Deployment
10.6.4.1.1. Ground-based
10.6.4.1.2. Airborne
10.6.5. Rest of Middle East & Africa
10.6.5.1. Market Analysis, Insights and Forecast – By Deployment
10.6.5.1.1. Ground-based
10.6.5.1.2. Airborne
11. Latin America Light Detection and Ranging (LiDAR) Analysis, Insights and Forecast, 2019-2030
11.1. Market Analysis, Insights and Forecast – By Component
11.1.1. Hardware
11.1.2. Software
11.2. Market Analysis, Insights and Forecast –By Type
11.2.1. Mechanical
11.2.2. Solid-state
11.3. Market Analysis, Insights and Forecast – By Deployment
11.3.1. Ground-based
11.3.2. Airborne
11.4. Market Analysis, Insights and Forecast – By Range
11.4.1. Short Range
11.4.2. Medium Range
11.4.3. Long Range
11.5. Market Analysis, Insights and Forecast – By Industry
11.5.1. Automotive
11.5.2. Aerospace and Defense
11.5.3. Smart Infrastructure
11.5.4. Environment Sector
11.5.5. Oil and Gas
11.5.6. Others
11.6. Market Analysis – By Country
11.6.1. Brazil
11.6.1.1. Market Analysis, Insights and Forecast – By Component
11.6.1.1.1. Ground-based
11.6.1.1.2. Airborne
11.6.2. Mexico
11.6.2.1. Market Analysis, Insights and Forecast – By Deployment
11.6.2.1.1. Ground-based
11.6.2.1.2. Airborne
11.6.3. Rest of Latin America
11.6.3.1. Market Analysis, Insights and Forecast – By Deployment
11.6.3.1.1. Ground-based
11.6.3.1.2. Airborne
12. Competitive Analysis
12.1. Global Market Rank Analysis (2022)
12.2. Competition Dashboard
13. Company Profiles (Overview, Products & services, SWOT analysis, Recent developments, strategies, financials (based on availability))
13.1. FARO Technologies, Inc.
13.1.1. Overview,
13.1.2. Products & services,
13.1.3. SWOT analysis,
13.1.4. Recent developments,
13.1.5. strategies,
13.1.6. financials (based on availability)
13.2. Hexagon AB
13.2.1. Overview,
13.2.2. Products & services,
13.2.3. SWOT analysis,
13.2.4. Recent developments,
13.2.5. strategies,
13.2.6. financials (based on availability)
13.3. Innoviz Technologies Ltd.
13.3.1. Overview,
13.3.2. Products & services,
13.3.3. SWOT analysis,
13.3.4. Recent developments,
13.3.5. strategies,
13.3.6. financials (based on availability)
13.4. LeddarTech Inc.
13.4.1. Overview,
13.4.2. Products & services,
13.4.3. SWOT analysis,
13.4.4. Recent developments,
13.4.5. strategies,
13.4.6. financials (based on availability)
13.5. Leica Geosystems
13.5.1. Overview,
13.5.2. Products & services,
13.5.3. SWOT analysis,
13.5.4. Recent developments,
13.5.5. strategies,
13.5.6. financials (based on availability)
13.6. Ouster Inc.
13.6.1. Overview,
13.6.2. Products & services,
13.6.3. SWOT analysis,
13.6.4. Recent developments,
13.6.5. strategies,
13.6.6. financials (based on availability)
13.7. Sick AG
13.7.1. Overview,
13.7.2. Products & services,
13.7.3. SWOT analysis,
13.7.4. Recent developments,
13.7.5. strategies,
13.7.6. financials (based on availability)
13.8. Teledyne Technologies
13.8.1. Overview,
13.8.2. Products & services,
13.8.3. SWOT analysis,
13.8.4. Recent developments,
13.8.5. strategies,
13.8.6. financials (based on availability)
13.9. Trimble Inc.
13.9.1. Overview,
13.9.2. Products & services,
13.9.3. SWOT analysis,
13.9.4. Recent developments,
13.9.5. strategies,
13.9.6. financials (based on availability)
13.10. Valeo S.A.
13.10.1. Overview,
13.10.2. Products & services,
13.10.3. SWOT analysis,
13.10.4. Recent developments,
13.10.5. strategies,
13.10.6. financials (based on availability)

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