LiDAR Market Overview
As per market research, the total global LiDAR market is expected to grow at a high rate. The report includes the growth drivers, major restraints, upcoming challenges and prevailing opportunities in the global LiDAR market. The region-wise and segment-wise analysis of the dynamics and LiDAR market size has been provided in the report.
Market Values:Â
Global LiDAR Market was worth US$ 1.59 Bn. in 2022 and total revenue is expected to grow at a rate of 20.7 % CAGR from 2022 to 2029, the LiDAR Market is reaching almost US$ 5.95 Bn. in 2029.
Market Report Scope and Research Methodology
Report Scope:Â A comprehensive market research report has been released, forecasting substantial growth in the global LiDAR market. This report not only identifies key growth drivers but also highlights major restraints, upcoming challenges, and prevailing opportunities within the LiDAR market. Additionally, it offers region-wise and segment-wise analyses of market dynamics and size.
Research Methodology:Â This research meticulously examines the most influential trends in the LiDAR market and their potential impacts on new business investments and industry expansion. Market trends, encompassing new technologies, regulations, government investments, emerging applications, international market entry, and other industry dynamics, are thoroughly analyzed. This study aims to provide clients with an in-depth understanding of these trends to aid in the development of strategies that will bolster their presence in the LiDAR market.
Maximize Market Research presents this report with exclusive key statistics, facts, insights, trends, and a competitive landscape overview within this specialized field. The report delves into the current state of the LiDAR market, offering projections up to 2029. It also includes comprehensive company profiles, covering vital aspects such as capacity, production, pricing, costs, revenue, and contact details for global leading LiDAR market manufacturers.
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Regional Insights:
The report includes a detailed analysis of various regions and their respective countries, including:
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
- Europe (Turkey, Germany, Russia, UK, Italy, France, etc.)
- North America (the United States, Mexico, and Canada)
- South America (Brazil, etc.)
- The Middle East and Africa (GCC Countries and Egypt)
Market Segmentation:
The report offers insights into key segments within the LiDAR market.
by Installation
Airborne
Ground-Based
The market is divided into two sub-segments based on installation: airborne and ground-based. The greatest share of the market is anticipated to remain with the airborne segment as aerial LiDAR replaces photogrammetry as the most accurate and thorough method of creating digital elevation models. This technology offers better precision and a wider coverage area than its terrestrial counterparts. In a shorter amount of time, it enables more thorough area mapping.
by Component
GPS
Navigation (IMU)
Laser Scanners
Mobile & UAV
The market is further divided into GPS, Navigation (IMU), Laser Scanners, Mobile & UAV based on Component. Intensity values are captured by laser scanners to produce return signal strengths that can help distinguish between objects with various reflectivities. A 2D point cloud created by LiDAR data from a laser scanner can be used for object localization, mapping, and modelling. Demand for laser scanners is anticipated to increase significantly during the projection period at a CAGR of 15.2%. It is anticipated that lower laser technology costs would make it possible for 3D scanning to find new uses, offering a large growth potential throughout the projected period.
Key Players in the LiDAR Market Include:
1. Leica Geosystems Holdings AG
2. Teledyne Optech Inc.
3. Quantum Spatial, Inc.
4. Faro Technologies, Inc.
5. Velodyne LiDAR, Inc.
6. Sick AG
7. Geokno
8. Trimble, Inc.
9. RIEGL USA
10.YellowScan
11.Beijing Surestar Technology
12.Optech Inc.
13.Geodigital
14.Topcon Positioning Systems Inc.
15.Denso
16.Trimble, Inc. (US)
17.HEXAGON,
18.SICK AG
19.Trimble Inc.
20.Phoenix LiDAR Systems
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Table of Content: LiDAR Market
 Part 01: Executive Summary
Part 02: Scope of the LiDAR Market Report
Part 03: Global LiDAR Market Landscape
Part 04: Global LiDAR Market Sizing
Part 05: Global LiDAR Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Key Questions answered in the LiDAR Market Report are:
- What is LiDAR ?
- What is the expected CAGR of the LiDAR market during the forecast period?
- What is the expected LiDAR market size by 2029?
- What factors are affecting the LiDAR market growth?
- Which region held the largest share of the global LiDAR market?
- What growth strategies are the players considering to increase their presence in LiDAR ?
- Who are the leading players in LiDAR Market?
Key Offerings:
- A detailed Analysis of the Market Overview
- Market Share, Size & Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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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