Learn about the global LiDAR market through The Business Research Company, which provides information on LiDAR market size, LiDAR market drivers and restraints, LiDAR market players, the COVID-19 impact on the LiDAR market, and more.

The global LiDAR market size is expected to grow from $1.49 billion in 2021 to $1.77 billion in 2022 at a compound annual growth rate (CAGR) of 18.68%. The global LiDAR market size is expected to grow to $3.61 billion in 2026 at a CAGR of 19.49%.

The rising demand for 3D imaging is expected to propel the growth of the LiDAR market.

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The LiDAR market consists of sales of LiDAR by entities (organizations, sole traders, and partnerships) that are used to examine the surface of the earth. LiDAR is a laser imaging detection and ranging system in which laser, a form of light, is used to measure the variable distances from earth. LiDAR technology is popularly used to measure a large number of areas in a relatively small amount of time with more accuracy than manual labor. It is a technology used to create three-dimensional images.

Global LiDAR Market Segments Include:

By Component: Laser Scanner, Navigation and Positioning Systems, Others

By Type: Terrestrial, Aerial, Mobile

By Technology: 2D, 3D, 4D

By Applications: Mapping and Cartography, ADAS (Advanced Driver-Assistance System), Environment, Exploration and Detection, Others

By End-User: Defense and Aerospace, Civil Engineering, Archaeology, Forestry and Agriculture, Mining, Transportation

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the LiDAR market in 2021.

The increasing investments in LiDAR startups by automotive giants is a key trend gaining popularity in the LiDAR market. Certain vehicle operations demand robust radars which are fulfilled by LiDAR, making automakers realize the full potential of LiDAR in the self-driving cars market. The cost of LiDAR as compared to the outrageous cost of other sensors is attracting most automakers to implement LiDAR in vehicles, resulting in increasing investments into LiDAR startups. An autonomous vehicle requires a detailed understanding, which is best achieved by 4D LiDAR.

TBRC’s LiDAR Market Report Covers:

Major Market Players: Velodyne, Leica Geosystems AG, LEOSPHERE SAS, HEXAGON, Leica Geosystems AG, GeoSLAM Ltd., Firmatek LLC, RIEGL Laser Measurement Systems GmbH, Mira Solutions Inc, Aerometric Surveys, Airborne Hydrography AB, Faro Technologies Inc, Phoenix LiDAR Systems, Innoviz Technologies Ltd, Waymo LLC, Valeo SA, Neptec Technologies Corp, and ZX LIDARS.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The LiDAR Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides LiDAR market overviews, analyzes and forecasts market size, share, LiDAR market players, LiDAR market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s LiDAR market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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