LiDAR Market Covers Detail Analysis (Impact of Covid-19), Share,...

LiDAR Market Covers Detail Analysis (Impact of Covid-19), Share, Size, Future Opportunity to 2030

Posted 2024-07-05 13:19:38

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LiDAR Market Growth or Demand Increase or Decrease for what contains ?

The market for LiDAR (light detection and ranging) is expanding rapidly thanks to a number of important considerations. LiDAR technology is widely used in the automotive, aerospace, construction, and agricultural industries as well as for high-precision mapping, surveying, and environmental monitoring applications. Because LiDAR systems can provide precise 3D maps and models—which are necessary for infrastructure construction, urban planning, and natural resource management—the market for these systems is growing. Further propelling market expansion are technological developments like the creation of solid-state LiDARs, which are more affordable, dependable, and compact. LiDAR sensor demand is also rising as a result of the growing number of autonomous vehicles and the requirement for advanced driver-assistance systems (ADAS). Nevertheless, difficulties including high starting costs and a restricted range in bad weather.

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LiDAR Market CAGR Estimation:

The LiDAR Market size was valued at USD 1.82 Billion in 2023 and the total LiDAR revenue is expected to grow at a CAGR of 19.74% from 2024 to 2030, reaching nearly USD 6.42 Billion by 2030.

LiDAR Market Segmentation:

by Component

GPS
Navigation (IMU)
Laser Scanners
Mobile & UAV

Based on Component, the LiDAR market is sub-segmented into GPS, Navigation (IMU), Laser Scanners and Mobile & UAV. Laser scanners are used to record an intensity value in order to generate a return signal strength that can aid differentiate objects with different reflectivities. LiDAR data from a laser scanner produces a 2D point cloud that can be used for localization, mapping, and modelling of objects and environments. During the projection period, demand for laser scanners is expected to grow significantly, with a CAGR of 15.2 %. Reduced laser technology prices are expected to enable 3D scanning to discover new applications, resulting in significant LiDAR market growth potential during the forecast period

by Type

Mechanical LiDAR
Solid-State LiDAR

by Installation

Airborne
Ground-Based

Based on Installation, the LiDAR market is sub-segmented into airborne and Ground-Based. The airborne segment is expected to hold for the largest proportion of the market, which is expected to grow at a CAGR of xx% during the forecast years as more aerial mapping equipment are adopted. Aerial LiDAR replaces photogrammetry as an accurate and thorough way of constructing digital elevation models.

by End-User

Defense and Aerospace
Civil Engineering
Archaeology
Forestry and Agriculture
Mining Industry
Transportation

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LiDAR Market Overview:

The Maximize Market Research report assists clients in gaining a comprehensive understanding of the competitive landscape, serving as a valuable resource for strategic planning purposes. The comprehensive LiDAR market overview furnishes extensive information regarding market size, trade statistics, prominent participants, and a range of market indicators, encompassing aspects such as life cycle, prevailing trends, and more.

LiDAR Market Growth or Demand in which regions??

Globally, the market for LiDAR (light detection and ranging) is expanding rapidly in a number of different areas. Due to widespread usage in industries such as autonomous vehicles, aerospace, and urban planning, coupled with substantial investments in research and development and advanced technological capabilities, North America now holds the largest share of the market. Europe is closely behind, propelled by stricter environmental laws and a growing number of applications in forestry management and infrastructure development. Large-scale infrastructure projects in nations like China and India, together with growing uses in agriculture and disaster management, are driving the Asia-Pacific region's rapid growth. Growing markets in Latin America, the Middle East, and Africa are also exhibiting potential as they use LiDAR technology to support environmental preservation and urban planning.

LiDAR Market Scope & Methodology:

The competitive landscape of the LiDAR market encompasses aspects like technology adoption, financial strength, portfolio, mergers and acquisitions, joint ventures, and strategic alliances. A comprehensive report delves into the drivers, limitations, opportunities, and challenges inherent in the LiDAR market. The report employed a bottom-up approach to ascertain LiDAR market estimations and growth rates.

To gain insights into LiDAR market penetration, pricing dynamics, demand analysis, and competitive panorama, the report executed regional analysis at local, regional, and global levels. Essential details about the LiDAR market, including stakeholders, investors, and new entrants, are presented to facilitate the development of marketing strategies and investment plans.

Both primary and secondary data gathering techniques were employed for the LiDAR Market. Primary approaches involved surveys, questionnaires, and interviews with industry leaders and business proprietors, while secondary data encompassed sources like press releases, annual and financial reports, white papers, etc. SWOT analysis was leveraged to pinpoint market vulnerabilities and weaknesses, while the PORTER framework was applied to gauge industry competitiveness within the LiDAR Market.

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LiDAR Market Key Players:

LiDAR Manufacturers in North America
1. Leica Geosystems Holdings AG (Switzerland)
2. Teledyne Optech Inc. (Canada)
3. Quantum Spatial, Inc. (United States)
4. Faro Technologies, Inc. (United States)
5. Velodyne LiDAR, Inc. (United States)
6. Trimble, Inc. (United States)
7. RIEGL USA (United States)
8. Optech Inc. (Canada)
9. Geodigital (Canada)
10. Topcon Positioning Systems Inc. (United States)
11. Waymo LLC (United States)
12. Lumibird Canada (Canada)
13. Ouster, Inc. (United States)
14. LeddarTech Inc. (Canada)
15. Trimble, Inc. (US)
LiDAR Manufacturers in Europe:
16. YellowScan (France,)
17.Sick AG(Germany)
18. HEXAGON (Sweden)
19. Phoenix LiDAR Systems (Germany)
20. Valeo (France)
21. ZX Lidars (United Kingdom)
22. Vaisala (Finland)
LiDAR Manufacturers in Asia-Pacific:
23. Beijing Surestar Technology (China)
24. Denso (Japan)

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Key questions answered in the LiDAR Market are:

What is LiDAR?
What is the growth rate of the LiDAR Market?
Which are the factors expected to drive the LiDAR market growth?
What are the different segments of the LiDAR Market?
What are the factors restraining the growth of the LiDAR Market?
What is the demand pattern of the LiDAR Market?
What major challenges could the LiDAR Market face in the future?

Key Offerings:

Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size & Forecast by different segment |
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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