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LiDAR Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global LiDAR market reached a value of US$ 1.75 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 5.84 Billion by 2027, exhibiting a CAGR of 21.40% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

LiDAR (Light Detection and Ranging) refers to an advanced remote sensing method used to measure the distance of an object on the surface of the earth. A LiDAR system mainly consists of a laser, scanner, and specialized GPS receiver. It works by targeting an object with a pulsed laser and calculating the time taken for the reflected light to return to the receiver. These light pulses, along with other data recorded by the system, generate accurate, three-dimensional (3D) information about the earth’s shape and surface characteristics. As a result, LiDAR systems are rapidly gaining traction over conventional methods for examining, detecting, and mapping of objects due to their high precision, low cost, and enhanced features.

 

 
 

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LiDAR Market Trends:

The increasing applications of LiDAR across various end use sectors represent the primary factors driving the market growth. For instance, LiDAR systems are extensively used in the aerospace and defense sectors for tracking low flying aircraft as they can accurately measure the dimension and distance of the target and perform efficiently in all weather conditions. Besides this, in the agriculture industry, LiDAR systems are widely utilized for automated tractor steering solutions and surveying fields with drones. Additionally, governments of numerous countries are adopting LiDAR technology for mapping, surveillance, topographical surveys, and monitoring in the oil and gas and mining sectors. This, in confluence with the recent advancements in LiDAR mapping systems and their enabling technologies, is propelling the market growth. Furthermore, the rising integration of LiDAR-based sensors in advanced driver assistance systems (ADAS) and self-driving vehicles is catalyzing the product demand. Other factors, including the emergence of 4D LiDAR, growing product usage in engineering and construction sectors, technological advancements, extensive research and development (R&D) activities, and favorable government policies, are also creating a positive market outlook.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global LiDAR market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on installation type, component and application.

Breakup by Installation Type:

  • Airborne
  • Terrestrial
     

Breakup by Component:

 

 
 

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  • Laser Scanners
  • Navigation Systems
  • Global Positioning Systems
  • Others
     

Breakup by Application:

  • Corridor Mapping
  • Engineering
  • Environment
  • Exploration
  • ADAS
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Faro Technologies Inc, Innoviz Technologies Ltd., LeddarTech Inc., Leica Geosystems AG (Hexagon AB), NV5 Global Inc., Quanergy Systems Inc., RIEGL Laser Measurement Systems GmbH, Sick AG, Teledyne Technologies Inc, Trimble Inc., Valeo and Velodyne Lidar Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Installation Type, Component, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Faro Technologies Inc, Innoviz Technologies Ltd., LeddarTech Inc., Leica Geosystems AG (Hexagon AB), NV5 Global Inc., Quanergy Systems Inc., RIEGL Laser Measurement Systems GmbH, Sick AG, Teledyne Technologies Inc, Trimble Inc., Valeo and Velodyne Lidar Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global LiDAR Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Installation Type
    6.1    Airborne
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Terrestrial
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Component
    7.1    Laser Scanners
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Navigation Systems
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Global Positioning Systems
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by Application
    8.1    Corridor Mapping
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Engineering
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Environment
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Exploration
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    ADAS
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Others
        8.6.1 Market Trends
        8.6.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Faro Technologies Inc
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
        14.3.2    Innoviz Technologies Ltd.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
        14.3.3    LeddarTech Inc.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    Leica Geosystems AG (Hexagon AB)
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    NV5 Global Inc.
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
        14.3.6    Quanergy Systems Inc.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    RIEGL Laser Measurement Systems GmbH
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    Sick AG
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    Teledyne Technologies Inc
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
           14.3.9.4 SWOT Analysis
        14.3.10    Trimble Inc.
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
           14.3.10.4 SWOT Analysis
        14.3.11    Valeo
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis
        14.3.12    Velodyne Lidar Inc.
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: LiDAR Market: Major Drivers and Challenges
Figure 2: Global: LiDAR Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: LiDAR Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: LiDAR Market: Breakup by Installation Type (in %), 2021
Figure 5: Global: LiDAR Market: Breakup by Component (in %), 2021
Figure 6: Global: LiDAR Market: Breakup by Application (in %), 2021
Figure 7: Global: LiDAR Market: Breakup by Region (in %), 2021
Figure 8: Global: LiDAR (Airborne) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: LiDAR (Airborne) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: LiDAR (Terrestrial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: LiDAR (Terrestrial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: LiDAR (Laser Scanners) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: LiDAR (Laser Scanners) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: LiDAR (Navigation Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: LiDAR (Navigation Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: LiDAR (Global Positioning Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: LiDAR (Global Positioning Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: LiDAR (Other Components) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: LiDAR (Other Components) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: LiDAR (Corridor Mapping) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: LiDAR (Corridor Mapping) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: LiDAR (Engineering) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: LiDAR (Engineering) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: LiDAR (Environment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: LiDAR (Environment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: LiDAR (Exploration) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: LiDAR (Exploration) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: LiDAR (ADAS) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: LiDAR (ADAS) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: LiDAR (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: LiDAR (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: North America: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: North America: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: United States: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: United States: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Canada: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Canada: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Asia-Pacific: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Asia-Pacific: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: China: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: China: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Japan: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Japan: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: India: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: India: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: South Korea: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: South Korea: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Australia: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Australia: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Indonesia: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Indonesia: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Others: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Others: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Europe: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Europe: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Germany: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Germany: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: France: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: France: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: United Kingdom: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: United Kingdom: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Italy: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Italy: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Spain: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Spain: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Russia: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Russia: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Latin America: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Latin America: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Brazil: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Brazil: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Mexico: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Mexico: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Others: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Others: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Middle East and Africa: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Middle East and Africa: LiDAR Market: Breakup by Country (in %), 2021
Figure 80: Middle East and Africa: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Global: LiDAR Industry: SWOT Analysis
Figure 82: Global: LiDAR Industry: Value Chain Analysis
Figure 83: Global: LiDAR Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: LiDAR Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: LiDAR Market Forecast: Breakup by Installation Type (in Million US$), 2022-2027
Table 3: Global: LiDAR Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 4: Global: LiDAR Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: LiDAR Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: LiDAR Market: Competitive Structure
Table 7: Global: LiDAR Market: Key Players


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Key Questions Answered in This Report

The global LiDAR market was valued at US$ 1.75 Billion in 2021.

We expect the global LiDAR market to exhibit a CAGR of 21.40% during 2022-2027.

The rising demand for LiDAR systems over conventional methods to examine, detect, and map the
objects, owing to their high precision, low cost, and enhanced features, is primarily driving the global
LiDAR market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations resulting in temporary closure of numerous end-use industries for
LiDAR systems.

Based on the component, the global LiDAR market has been segmented into laser scanners, navigation
systems, global positioning systems, and others. Currently, laser scanners hold the majority of the total
market share.

Based on the application, the global LiDAR market can be divided into corridor mapping, engineering,
environment, exploration, ADAS, and others. Among these, corridor mapping exhibits a clear dominance
in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global LiDAR market include Faro Technologies Inc, Innoviz
Technologies Ltd., LeddarTech Inc., Leica Geosystems AG (Hexagon AB), NV5 Global Inc., Quanergy
Systems Inc., RIEGL Laser Measurement Systems GmbH, Sick AG, Teledyne Technologies Inc, Trimble
Inc., Valeo, and Velodyne Lidar Inc.

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