Top 12 LIDAR Companies in the World

The global LiDAR market size reached US$ 2.6 Billion in 2023. As per the analysis by IMARC Group, the top companies in the LiDAR industry are focusing on extensive research and development (R&D) activities to expand their business, target new customers, and adopt new technologies, such as solid-state LiDAR technology that offers improved reliability, higher accuracy, and resolution, and reduces power consumption is creating a positive outlook for the market. Furthermore, the rapid development of new LiDAR systems using advanced sensors, which improves the detection range, accuracy, and sensitivity, is propelling the market growth. Moreover, the increasing utilization of LiDAR technology in the automotive industry to accurately detect and identify objects and enable advanced driver assistance features, such as adaptive cruise control (ACC), lane departure warning (LDW), parking assistance, pedestrian detection, and emergency braking is positively influencing the market growth. Apart from this, the integration of machine learning (ML) algorithms to improve data interpretation and processing capabilities is facilitating the market growth. Furthermore, the implementation of various government initiatives to promote technology adoption in urban planning, environment monitoring, and disaster management is favoring the market growth. Besides this, the widespread technology utilization in the defense and aerospace industries to improve the accuracy and sensitivity of remote sensing and surveillance systems is providing an impetus to the market growth. Other factors, including rapid industrialization, extensive research and development (R&D) activities, and the growing numbers of smart city projects, are anticipated to drive the market growth. Looking forward, IMARC Group expects the market to reach US$ 12.3 Billion by 2032, exhibiting a growth rate (CAGR) of 18.4% during 2024-2032.

Learn about opportunities, challenges, and trends in the global LiDAR market with IMARC’s market research report. Try a free sample today! 

List of Top Companies Operating in the LiDAR Industry:

The global LiDAR market has several major players including 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. More information about these companies has been provided below.

1. Faro Technologies Inc

Faro Technologies Inc is a multinational company (MNC) that specializes in the development and manufacturing of three-dimensional (3D) measurement, imaging, and realization solutions. Its popular LiDAR product lineup includes scanners, laser projectors, trackers, imagers, and geospatial devices. The company has significantly invested in LiDAR technology innovation to provide advanced solutions for a wide range of industries, including manufacturing, construction, architecture, engineering, and public safety. Furthermore, Faro Technologies Inc aims to expand its business and improve its product range by acquiring other market leaders in LiDAR technology.

2. Innoviz Technologies Ltd.

Innoviz Technologies Ltd. is a company specializing in the development of advanced LiDAR sensors and perception software. It designs and manufactures products for autonomous vehicles, industrial automation, logistics, aerospace, heavy machinery, and other applications. Furthermore, the company has formed multiple partnerships and collaborations with leading automotive manufacturers to expand its market presence. Moreover, it is also investing in advanced technologies and systems to improve its product quality, attract new customers, and increase sales.

3. LeddarTech Inc.

LeddarTech Inc. is a company that manufactures LiDAR devices for autonomous driving, robotics, unmanned aerial vehicles (UAVs), and other applications. Its principal products include Leddar Vision, Pixell, M16-LSR, Vu8, and d-tec. The company is also significantly investing in artificial intelligence (AI) and deep neural network (DNN) technologies to enhance product quality, increase detection range, and improve sensitivity. Apart from this, LeddarTech Inc. is known for building products that are cost-effective, compact, versatile, durable, and energy efficient.

4. Leica Geosystems AG (Hexagon AB)

Leica Geosystems AG (Hexagon AB) is a multinational company (MNC) that manufactures measurement and imaging instruments. Its products are widely used in surveying, construction, public safety, monitoring, sports and entertainment, transportation, mining, and geospatial analysis. Leica Geosystems AG (Hexagon AB) LiDAR solutions are used in various industries for applications such as land surveying, aerial mapping, civil engineering, urban planning, and natural resource management. Furthermore, it is developing cloud-based platforms which allow users to collaborate easily and manage and share data in real time.

5. NV5 Global Inc.

NV5 Global Inc. is a professional service provider that offers engineering, consulting, and technical services. The company provides static, mobile, and airborne LiDAR services to clients in healthcare, hospitality, utility, science and technology, sports, and power generation. Furthermore, it aims to target new markets by expanding its service offering and acquiring companies. Moreover, the company is continuously incorporating the latest technologies to offer innovative solutions to its clients and improve efficiency.

6. Quanergy Systems Inc.

Quanergy Systems Inc. is an American manufacturer of LiDAR sensors and three-dimensional (3D) sensing solutions. Its product portfolio includes M and S series sensors, the QORTEX software platform, and flow management solutions. The company actively engages with clients in various domains, such as security, 3D mapping, the Internet of Things (IoT), robotics, and smart space. Furthermore, it is investing in cutting-edge technologies to meet customer demands and gain competitive advantages. Moreover, the company focuses on various branding and marketing strategies to raise awareness about LiDAR technology and promote its products and services.

7. RIEGL Laser Measurement Systems GmbH

RIEGL Laser Measurement Systems GmbH is a multinational organization specializing in developing, producing, and distributing laser rangefinders, laser scanners, and other laser-based measurement equipment. Its products are widely used in surveying, civil engineering, architecture, forestry, and cultural heritage. Furthermore, the company is collaborating with multiple research institutions and universities to expedite its product development. Moreover, it is focusing on expanding its global presence by establishing new stores and engaging in partnerships with local distributors.

8. Sick AG

Sick AG is a company that specializes in manufacturing and distributing sensor systems. It offers a wide range of products, such as sensors, safety systems, machine vision solutions, and identification systems. The company offers a diverse portfolio of LiDAR sensors that are designed to meet the specific needs of various industries, including automotive, logistics, robotics, and smart cities. Furthermore, it is constantly investing in developing new products and technologies that can provide better accuracy, increased efficiency, and improved performance. Moreover, Sick AG is actively acquiring businesses that complement its core areas and add value to its product line.

9. Teledyne Technologies Inc

Teledyne Technologies Inc is an industrial conglomerate that provides technology solutions to various industries. Its popular products include digital imaging solutions, aerospace and defense electronics, sensors, and instrumentation. The company also offers custom designs and manufacturing services for clients with special requirements. Teledyne Technologies Inc is also developing next-generation digital imaging solutions, sensors, and instrumentation to meet emerging market demands. Moreover, the company is engaged in several strategic acquisitions to expand its offerings, diversify its revenue streams, and increase profitability.

10. Trimble Inc.

Trimble Inc. is a multinational technology company that manufactures global positioning systems (GPS), laser rangefinders, 3D laser scanning systems, unmanned aerial vehicles (UAVs), and software solutions for various industries. The company's products are designed to improve accuracy, efficiency, and productivity in multiple applications, such as construction, mapping, surveying, and agriculture. Moreover, it strongly emphasizes innovation and invests heavily in research and development (R&D) activities to stay ahead of competitors.

11. Valeo

Valeo is a multinational automotive supplier specializing in designing, producing, and selling automotive parts and systems. It manufactures various LiDAR-based products, such as cameras, rearview mirrors, and driver assistance systems. The company’s products are highly reliable and known for enhancing safety, comfort, and energy efficiency in vehicles. Furthermore, Valeo is focused on incorporating sustainable practices in its product development to attract environmentally conscious customers, enhance brand value, and increase sales.

12. Velodyne Lidar Inc

Velodyne Lidar Inc is a global manufacturer of lidar sensors and solutions for a wide range of applications, such as autonomous vehicles, robotics, mapping, and security. Its popular products include alpha prime, velabit, puck, and velarray. The company has formed multiple partnerships with various automotive manufacturers to strengthen its market presence and increase profitability. Moreover, it aims to diversify its portfolio to tap into new markets and expand its customer base.

About Author: