Light Detection and Ranging (LiDAR) Market Size & Share Analysis

Light Detection and Ranging (LiDAR) Market Size & Share Analysis

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Light Detection and Ranging (LiDAR) Market Size And Forecast by 2031

The global light detection and ranging (LiDAR) market size was valued at USD 2.19 million in 2023 and is projected to reach USD 13.32 million by 2031, with a CAGR of 25.3% during the forecast period 2024 to 2031.. Light Detection and Ranging (LiDAR) Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of  Size, Share, Scope, Demand, Growth, Value, Opportunities, Industry Statistics, Industry Trends, Industry Share, Revenue Analysis, Revenue Forecast, Future Scope, Challenges, Growth Drivers, leaders, graph, insights, Research Report, companies, overview, outlook and factors that are playing a substantial role in the market.

Global Light Detection and Ranging (LiDAR) Market Segmentation Analysis

Light Detection and Ranging (LiDAR) Market, By Component (Laser Scanners, Navigation and Positioning Systems, Others), Technology (2D LiDAR, 3D LiDAR, 4D LiDAR), Type (Mechanical, Solid-State), Installation Type (Airborne LiDAR, Ground-Based LiDAR), Range (Short, Medium, Long), Service (LiDAR Data Processing, Aerial Surveying, Asset Management, GIS Service, Ground-Based Surveying, Mapping and Modelling, Others), Application (Corridor Mapping, Engineering, Environment, ADAS and Driverless Cars, Exploration, Urban Planning, Cartography, Meteorology), End User (Defense and Aerospace, Civil Engineering,  Archaeology, Forestry and Agriculture,  Mining Industry,  Transportation) – Industry Trends and Forecast to 2031.


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 Which are the top companies operating in the Light Detection and Ranging (LiDAR) Market?

The “Global Light Detection and Ranging (LiDAR) Market ”study report will provide a valuable insight with an emphasis on the global market. The report profiles noticeable organizations working in the water purifier showcase and the triumphant methodologies received by them. It likewise reveals insights about the share held by each organization and their contribution to the Light Detection and Ranging (LiDAR) Market extension. This Light Detection and Ranging (LiDAR) Market report provides the information of the Top 10 Companies in Light Detection and Ranging (LiDAR) Market in the market their business strategy, financial situation etc.

**Segments**

- By Component: Laser Scanners, Navigation & Positioning Systems, Others
- By Product Type: Short Range LiDAR, Medium Range LiDAR, Long Range LiDAR
- By Installation Type: Ground-Based, Airborne, UAV
- By Service: Aerial Surveying, Asset Management, GIS Services
- By Application: Civil Engineering, Forestry & Agriculture, Transportation, Urban Planning, Others

In 2021, the Global LiDAR market witnessed significant growth due to the increasing demand for 3D imaging technology in various industries such as civil engineering, forestry, and urban planning. The market was primarily driven by the rising adoption of LiDAR technology for precision mapping and data collection purposes. The laser scanners segment dominated the market in 2021, attributed to the high accuracy and efficiency offered by laser scanning technology. Moreover, the aerial surveying service segment held a considerable market share, fueled by the growing emphasis on aerial data collection for infrastructure development projects.

**Market Players**

- Leica Geosystems AG
- Trimble Inc.
- Teledyne Optech
- Faro Technologies, Inc.
- RIEGL Laser Measurement Systems GmbH
- Quantum Spatial
- Topcon Positioning Systems, Inc.
- SICK AG
- Velodyne Lidar, Inc.
- YellowScan

In 2029, the Global LiDAR market is expected to witness substantial expansion, propelled by technological advancements in LiDAR systems, increasing investments in infrastructure development projects, and the growing trend of autonomous vehicles requiring LiDAR for obstacle detection. The long-range LiDAR segment is projected to experience significant growth, driven by the rising demand for LiDAR systems with extended detection ranges for various applications such as topographic mapping and urban surveillance. Moreover, the UAV installation type is anticipated to gain traction, owing to the increasing utilization of UAVs for aerial surveying and monitoring purposes.

Overall, the Global LiDAR marketThe Global LiDAR market is poised for remarkable growth and transformation in the coming years as technological advancements drive innovation and adoption across various industries. With the market witnessing significant expansion in 2021 and projected to continue this upward trajectory until 2029, key players in the industry are gearing up to capitalize on the opportunities presented by the booming demand for LiDAR technology. One of the key growth drivers for the market is the increasing use of LiDAR systems in civil engineering, forestry, transportation, and urban planning sectors. These industries rely on LiDAR technology for precise mapping, data collection, and monitoring, highlighting the crucial role that LiDAR plays in modern infrastructure and development projects.

The component segmentation of the market, with laser scanners, navigation & positioning systems, and other components, showcases the diverse applications and capabilities of LiDAR technology. Laser scanners, in particular, have emerged as a dominant component in the market due to their high accuracy and efficiency, making them ideal for a wide range of applications. In terms of product types, the varying ranges of short-range LiDAR, medium-range LiDAR, and long-range LiDAR cater to specific needs across industries, with long-range LiDAR projected to see substantial growth driven by its extended detection capabilities for topographic mapping and surveillance applications.

The installation type segmentation, including ground-based, airborne, and UAV installations, reflects the growing trend of incorporating LiDAR technology into different platforms for data collection and surveying purposes. The UAV installation type is expected to gain traction in the market, bolstered by the increased use of drones for aerial surveying and monitoring, offering flexibility and efficiency in data collection processes. This shift towards UAV installations aligns with the broader trend of leveraging cutting-edge technologies for enhanced data acquisition and analysis.

Furthermore, the service segmentation of the LiDAR market, with aerial surveying, asset management, and GIS services, underscores the importance of comprehensive solutions that LiDAR technology provides to various industries.**Market Players:**

- Trimble Inc. (U.S.)
- Leica Geosystems AG (Switzerland)
- Teledyne Optech (copyright)
- FARO (U.S.)
- SICK AG (Germany)
- NV5 Global, Inc. (U.S.)
- SureStar (China)
- Velodyne Lidar, Inc. (U.S.)
- YELLOWSCAN (France)
- GeoKno (India)
- Phoenix LiDAR Systems (U.S.)
- LeddarTech Inc. (copyright)
- Quanergy Systems, Inc. (U.S.)
- Innoviz Technologies Ltd. (Israel)
- ZX Lidars (U.K.)
- Vaisala (Finland)
- Waymo LLC (U.S.)
- Valeo (U.S.)
- Ouster, Inc. (U.S.)

The Global LiDAR market has experienced significant growth driven by the increasing demand for 3D imaging technology across various industries. The market players, including Trimble Inc., Leica Geosystems AG, Teledyne Optech, FARO, SICK AG, and others, have played a crucial role in advancing LiDAR technology and expanding its applications. As the market continues to evolve, these players are focusing on innovation and strategic partnerships to capitalize on emerging opportunities and address evolving industry needs.

The product type segmentation of short-range LiDAR, medium-range LiDAR, and long-range LiDAR highlights the versatility of Li

Explore Further Details about This Research Light Detection and Ranging (LiDAR) Market Report https://www.databridgemarketresearch.com/reports/global-lidar-market

Overview of the Light Detection and Ranging (LiDAR) Market Research Report

The Light Detection and Ranging (LiDAR) Market research report commences with an in-depth overview covering definitions, applications, product/service launches, developments, challenges, and regional analysis. The forecast underlines robust growth fueled by increasing consumption in diverse markets. Furthermore, the report delves into current market trends and key characteristics.

Objectives of the Report

Conduct a comprehensive investigation to forecast the value and volume of the Light Detection and Ranging (LiDAR) Market.

Analyze and project market shares for major segments within the Light Detection and Ranging (LiDAR) Market.

Depict the evolving landscape of the Light Detection and Ranging (LiDAR) Market across global regions.

Examine and assess micro markets, their contributions, and growth potential within the Light Detection and Ranging (LiDAR) Market.

Provide accurate insights into the factors driving the growth of the Light Detection and Ranging (LiDAR) Market.

Offer a detailed analysis of key strategies adopted by major companies, such as R&D, collaborations, agreements, partnerships, acquisitions, mergers, new product launches, and other strategic initiatives.

Market Overview

The study concentrates on the present state of the Light Detection and Ranging (LiDAR) Market, evaluating key statistics including CAGR, gross margin, revenue, pricing, production growth rate, volume, value, market share, and year-over-year growth. This thorough analysis is conducted using the latest primary and secondary research methods. Leading company profiles are scrutinized based on factors like the markets they serve, production, revenues, market shares, recent developments, and gross profit margins. The report also provides a detailed exploration of market drivers, constraints, opportunities, challenges, and trends within the market dynamics section.

Table of Contents: 
Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
Market Purview
Report DescriptionMarket Definition and Scope
Executive Summary
Market Snapshot, By Type
Market Snapshot, By Application
Market Snapshot, By Region
Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
And more...

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