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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