Global LiDAR Market Growth 2024-2030

Global LiDAR Market Growth 2024-2030

According to our LPI (LP Information) latest study, the global LiDAR market size was valued at US$ 1090.7 million in 2023. With growing demand in downstream market, the LiDAR is forecast to a readjusted size of US$ 2945.6 million by 2030 with a CAGR of 15.2% during review period.

The research report highlights the growth potential of the global LiDAR market. LiDAR are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of LiDAR. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the LiDAR market.

Lidar is a product of the combination of laser technology and radar technology. It is composed of transmitters, antennas, receivers, tracking frames and information processing. It can measure target position (distance and angle), movement status (speed, vibration and attitude) And the shape has become one of the necessary devices for advanced assisted driving and intelligent driving. It is used in the automotive industry or other ground motor vehicles, rail transit, and radar in the surveying and mapping industry.

Key Features:

The report on LiDAR market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the LiDAR market. It may include historical data, market segmentation by Type (e.g., 905 nm, 1550 nm), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the LiDAR market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the LiDAR market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the LiDAR industry. This include advancements in LiDAR technology, LiDAR new entrants, LiDAR new investment, and other innovations that are shaping the future of LiDAR.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the LiDAR market. It includes factors influencing customer ' purchasing decisions, preferences for LiDAR product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the LiDAR market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting LiDAR market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the LiDAR market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the LiDAR industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the LiDAR market.

Market Segmentation:

LiDAR market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type
905 nm
1550 nm
1064 nm
885 mn
Others

Segmentation by application
Civil Engineering
Forestry & Agriculture
Transportation
Urban Mapping
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Trimbel
Hexagon AB
Sick AG
Topcon
Velodyne
Riegl
Valeo
Leosphere
Innovusion
Hesai
Ibeo
Ouster
LeddarTech
Robosense
Luminar
Beijing Wanji Technology
SureStar
Continental
LeiShen Intelligent System
Benewake
Quanergy
Cepton
Waymo
Huwei
Denso
Encradar
FaseLase
Innoviz
Aeva
Faro
BEA Sensor
Hokuyo
ASC
Livox

Key Questions Addressed in this Report

What is the 10-year outlook for the global LiDAR market?

What factors are driving LiDAR market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do LiDAR market opportunities vary by end market size?

How does LiDAR break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver.