Global LiDAR Technology Market Growth 2023-2029

Global LiDAR Technology Market Growth 2023-2029

Lidar is a surveying method that measures distance to a target by illuminating the target with pulsed laser light and measuring the reflected pulses with a sensor. Differences in laser return times and wavelengths can then be used to make digital 3-D representations of the target. The name lidar, now used as an acronym of light detection and ranging (sometimes light imaging, detection, and ranging), was originally a portmanteau of light and radar. Lidar sometimes is called laser scanning and 3-D scanning, with terrestrial, airborne, and mobile applications.

LPI (LP Information)' newest research report, the “LiDAR Technology Industry Forecast” looks at past sales and reviews total world LiDAR Technology sales in 2022, providing a comprehensive analysis by region and market sector of projected LiDAR Technology sales for 2023 through 2029. With LiDAR Technology sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world LiDAR Technology industry.

This Insight Report provides a comprehensive analysis of the global LiDAR Technology landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on LiDAR Technology portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global LiDAR Technology market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for LiDAR Technology and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global LiDAR Technology.

The global LiDAR Technology market size is projected to grow from US$ 1451.7 million in 2022 to US$ 3519.3 million in 2029; it is expected to grow at a CAGR of 3519.3 from 2023 to 2029.

Increasing usage of drones across various applications, such as aerospace and defense, agriculture, and forestry, is a major factor driving the market growth. Moreover, rising investments in R&D of self-driven cars in the automotive sector are expected to positively impact the market. LiDAR or Light imaging, detection, and ranging system, has always been synonymous with automotive technology. The escalating demand for driverless cars is providing the automobile industry with ample opportunities to embed LiDAR in their systems. Massive investments from venture capitalists and the flurry of partnerships and acquisitions happening in the LiDAR domain hints on the size of this burgeoning market. Attributed to the rising demand for driverless cars, and the increasing application of LiDAR in engineering projects, the investments in LiDAR market is accelerating at an exponential pace. Increasing defense expenditure in Asia Pacific is expected to grow the market in region over the forecast period. North America is expected to lead the market, pursued by Europe in following years.

This report presents a comprehensive overview, market shares, and growth opportunities of LiDAR Technology market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Aerial Lidar
Ground-based Lidar
Mobile Lidar
UAV Lidar

Segmentation by application
Coastal
Transportation
Forestry
Infrastructure
Defense and Aerospace
Transmission Lines
Flood Mapping
Exploration
Driverless Cars

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.
Airborne Hydrography
Applied Imagery
Zephir LiDAR
Lesophere
Avent LiDAR Technology
Grind GIS
Valedyne
DEWI
Geonica
Kintech Engineering
Teledyne Optech
Leica Geosystems

Key Questions Addressed in this Report

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

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

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

How do LiDAR Technology market opportunities vary by end market size?

How does LiDAR Technology break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

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