The Business Research Company’s report goes into great detail on the LiDAR market size and growth, LiDAR market regional analysis, LiDAR market competitive landscape, and other critical information needed to excel in the LiDAR industry.

Major players in the LiDAR market include 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.

TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.

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%.

North America was the largest region in the LiDAR market in 2021.

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.

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

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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 Global Lidar Market Report Is Segmented:
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: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

The LiDAR Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the LiDAR market globally and regionally, analyzes and forecasts market size, share, LiDAR market players, LiDAR market segments, leading competitor revenues, profiles and market shares.

Here Is A List Of Similar Reports From The Business Research Company:

GPS Equipment Global Market Report 2022

Real-Time Location Systems (RTLS) Global Market Report 2022

Location Analytics Global Market Report 2022

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