LiDAR Market Size, Competitive Landscape and Market Forecast - 2029

Global LiDAR Market is segmented By Component (Laser Scanners, Navigation, MEMS, GPS GNSS Receiver, Camera, Others), By Product (Aerial, Terrestrial, Mobile, Short Range, Others), By Type (Sold State, Pure – Play, Mechanical), By Application (Corridor Mapping, Engineering, Environment, ADAS & Driverless Cars, Exploration, Others), By End-User (Aerospace and Defence, Civil Engineering, Archaeology, Forestry & Agriculture, Mining, Automotive, and Commercial Transportation, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The Global LiDAR Market is expected to grow at a high CAGR of 20.1% during the forecasting period (2022-2029).

LiDAR is an industrial system designed to transfer thermal energy from one fluid to another without actual mixing of two substances. These devices are used in heating, cooling, air conditioning, and other applications

Hydraulic processes involve the transmission of energy and the generation of heat loss. LiDAR is used to maintain the thermal balance of the hydraulic system by dissipating the heat

These systems are finding widespread use in industries such as power generation, petroleum refining, Heating, ventilation, air conditioning (HVAC), pulp & paper, mining, and food processing among others

The global LiDAR market valued US$ XX million in 2019 and is forecast to reach US$ XX million by 2027, growing at a CAGR of XX% during 2020-2027

Asia-Pacific region, in particular, is estimated to witness large growth potential for LiDAR coupled with rising use of LiDAR in industrial applications

HYDAC, Alfa Laval AB, SICK AG Kelvion Holding, and API Heat Transfer Inc. are some of the key players in the global LiDAR market

Market Dynamics

LiDAR is heavily used in military and defense and it had many applications in 3D imaging. When deploying coalition forces to overseas theatres of operation, 3D imagery provides a territory-wide geospatial reference. With GEO Elevation, quickly gain a highly and accurate 3D picture of the terrain, everywhere in the world, whatever the relief and weather conditions

Countries are using 3D imaging to gather real-time view and information of country’s military and neighboring country military positioning

A UAV (Unmanned Aerial Vehicle) with an integrated LiDAR can be an efficient system for the collection of high-resolution and accurate three-dimensional 3D data. The rapid development of small UAVs with higher quality propulsion systems, inertial navigation systems, electronics, and algorithms is also ongoing. Concurrently, LADAR (i.e., laser detection and ranging) sensors that have high reliability, accuracy, pulse repetition frequency, large data capacities, and advanced data analysis techniques are being produced. This drive for the miniaturization of LADAR and UAV systems provides new possibilities for 3D imaging from the air. Indeed, there has been a tremendous development of low-cost inertial systems and global positioning systems (GPS) over the last decade

Market Segmentation

By Component

The global market for Laser Scanners valued US$ XX million in 2019 and is likely to reach US$ XX million in 2027 by growing at a CAGR of XX% between 2020-2027

Laser scanning systems are suited for environmental monitoring applications from airborne carbon mapping to coastal monitoring surveys

LiDAR is widely adopted to survey and monitor environments in various applications, including forest management, coastline management, pollution modeling, agriculture, wind farms, and precision forestry

In October 2019, RIEGL Laser Measurement Systems GmbH launched a new lightweight airborne LiDAR for UAV which can be used for UAV-based applications, which require the acquisition of small objects

Decreasing the costs of laser technology is expected to provide 3D scanning. ➢ In December 2019 Pepperl+Fuchs launched an R2300 multi-layer scanner; the 3D object detection sensor offers high measurement density with the use of LiDAR laser measurement technology

By Component

The global market for Laser Scanners valued US$ XX million in 2019 and is likely to reach US$ XX million in 2027 by growing at a CAGR of XX% between 2020-2027

Laser scanning systems are suited for environmental monitoring applications from airborne carbon mapping to coastal monitoring surveys

LiDAR is widely adopted to survey and monitor environments in various applications, including forest management, coastline management, pollution modeling, agriculture, wind farms, and precision forestry

In October 2019, RIEGL Laser Measurement Systems GmbH launched a new lightweight airborne LiDAR for UAV which can be used for UAV-based applications, which require the acquisition of small objects

Decreasing the costs of laser technology is expected to provide 3D scanning.

In December 2019 Pepperl+Fuchs launched an R2300 multi-layer scanner; the 3D object detection sensor offers high measurement density with the use of LiDAR laser measurement technology

By Region

The Europe LiDAR market for valued US$ 315.67 million in 2019 and is likely to reach US$ XX million in 2027 by growing at a CAGR of XX% between 2020-2027

Europe has a very well developed manufacturing sector, especially automotive, and is expanding into software pretty fast

European governments are considered one of the best in the world in relation to holistic development and are investing in aerial LiDAR development technology aggressively

The sick AG Europe Lidar is going to be dominated by Hexagon, Teledyne Optic Incorporated, and Trimble Inc

The European lidar market is leading in Europe, France, the UK, and Germany. Italy and the U.K. for the highest market share in the region

The major players covered in the Europe lidar market report are SICK AG, Hokuyo Automatic Co. Ltd., VelodyneLidar Inc., Quanergy, Pheonix Aerial Systems among others

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