Press Resease

LiDAR Market - Global Industry Analysis

LiDAR Market by Component (Laser, Scanner, GPS Receiver, Inertia Measurement Unit (IMU), High Precision Clock, and Others), by Product (Topographic LiDAR and Bathymetric LiDAR), by End use Industry (Space Exploration, Meteorology, Automotive, Defense & Marine, Construction, Mining, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024

Published Date: 14-Aug-2018 Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-3271 Status : Published

Global LiDAR market expected to reach USD 2,136.7 million globally by 2024, growing at a CAGR of around 17.6% between 2018 and 2024. A lidar is a machine that uses a laser to detect the position and motion of an object. The machine emits light which is reflected from the three-dimensional object’s surface.

Description

The report analyzes and forecasts the LiDAR market on a global and regional level. The study offers past data from 2015 to 2017 along with forecast from 2018 to 2024 based on revenue (USD Million). Assessment of LiDAR market dynamics gives a brief thought about the drivers and restraints for the LiDAR market along with the impact they have on the demand over the years to come. Additionally, the report also includes the study of opportunities available in the LiDAR market on a global level.

The report gives a transparent view of the LiDAR market. We have included a detailed competitive scenario and portfolio of leading vendors operative in the LiDAR market. To understand the competitive landscape in the LiDAR market, an analysis of Porter’s Five Forces model for the LiDAR market has also been included. The study encompasses a market attractiveness analysis, wherein component, product, end user industry, and regional segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global LiDAR Market

The study provides a crucial view of the LiDAR by segmenting the market based on component, product, end use industry, and region. All the segments of the LiDAR market have been analyzed based on present and future trends and the market is estimated from 2017 to 2024. Based on the component, the global LiDAR market is fragmented into laser, scanner, GPS receiver, Inertia Measurement Unit (IMU), high precision clock, and others. Topographic and bathymetric is the product segment of global LiDAR market. Space exploration, meteorology, automotive, defense & marine, construction, mining, and others are the segment by end-use industry. The regional segmentation comprises the current and forecast demand for the Middle East & Africa, North America, Asia Pacific, Latin America and Europe for LiDAR market with further classification into the U.S., Canada, Mexico, UK, France, Germany, China, Japan, India, Brazil, and Argentina, among others is included in the report.

The competitive profiling of noticeable players of LiDAR market includes company and financial overview, business strategies adopted by them, their recent developments and product offered by them which can help in assessing competition in the market. Noticeable players included in the report are Leica Geosystems Holdings AG, Teledyne Optech Inc., Quantum Spatial, Inc., Faro Technologies, Inc., Velodyne LiDAR, Inc., Sick AG, Geokno, Trimble, Inc., RIEGL USA, YellowScan among others.

The report segments the global LiDAR market as follows:

Global LiDAR Market: Component Segment Analysis

  • Laser
  • Scanner
  • GPS Receiver
  • Inertia Measurement Unit (IMU)
  • High Precision Clock
  • Others

Global LiDAR Market: Product Segment Analysis

  • Topographic LiDAR
  • Bathymetric LiDAR

Global LiDAR Market: End-use Industry Segment Analysis

  • Space Exploration
  • Meteorology
  • Automotive
  • Defense & Marine
  • Construction
  • Mining
  • Others

Global LiDAR Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description
      • 1.1.1. Objective
      • 1.1.2. Target Audience
      • 1.1.3. Unique Selling Proposition (USP) & Offerings
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
      • 1.3.3. Level 1: Primary Research
      • 1.3.4. Level 2: Secondary Research
      • 1.3.5. Level 3: Data Validation and Expert Panel Assessment Report Description and Scope
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global LiDAR Market, 2015-2024, (USD Million)
    • 2.2. LiDAR Market: Market Snapshot
  •  
  • Chapter 3. Global LiDAR Market - Industry Analysis
    • 3.1. Introduction
    • 3.2. Industry ecosystem analysis
    • 3.3. Technology landscape
    • 3.4. Market Drivers
      • 3.4.1. North America
        • 3.4.1.1. Use of LiDAR in defense applications
      • 3.4.2. Europe
        • 3.4.2.1. Investments in manufacturing autonomous vehicles
      • 3.4.3. Asia Pacific
      • 3.4.4. Latin America
      • 3.4.5. MEA
    • 3.5. Restraints
      • 3.5.1. Lack of awareness about the technology
    • 3.6. Opportunity
      • 3.6.1. Increasing use of technology in agriculture sector
    • 3.7. Innovation & sustainability
    • 3.8. Regulatory landscape
    • 3.9. Porter's Five Forces Analysis
    • 3.10. PESTLE Analysis
    • 3.11. LiDAR Market: Market Attractiveness Analysis
      • 3.11.1. Market Attractiveness Analysis by Component Segment.
      • 3.11.2. Market Attractiveness Analysis by Product Segment
      • 3.11.3. Market Attractiveness Analysis by End-Use Industry Segment
      • 3.11.4. Market Attractiveness Analysis by Regional Segment
  •  
  • Chapter 4. Global LiDAR Market - Competitive Landscape
    • 4.1. Company Market Share Analysis, 2017
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions and Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development, Product and Regional Expansion
  •  
  • Chapter 5. LiDAR Market - Component Segment Analysis
    • 5.1. Global LiDAR Market Revenue Share, by Component, 2017 & 2024
    • 5.2. Global LiDAR Market by Laser, 2015 - 2024 (USD Million)
    • 5.3. Global LiDAR Market by Scanner, 2015 - 2024 (USD Million)
    • 5.4. Global LiDAR Market by GPS Receiver, 2015 - 2024 (USD Million)
    • 5.5. Global LiDAR Market by Inertia Measurement Unit (IMU), 2015 - 2024 (USD Million)
    • 5.6. Global LiDAR Market by High Precision Clock, 2015 - 2024 (USD Million)
    • 5.7. Global LiDAR Market by Others, 2015 - 2024 (USD Million)
  •  
  • Chapter 6. LiDAR Market - Product Segment Analysis
    • 6.1. Global LiDAR Market Revenue Share, by Product, 2017 & 2024
    • 6.2. Global LiDAR Market by Topographic LiDAR, 2015 - 2024 (USD Million)
    • 6.3. Global LiDAR Market by Bathymetric LiDAR, 2015 - 2024 (USD Million)
  •  
  • Chapter 7. Global LiDAR Market - End-User Industry Segment Analysis
    • 7.1. Global LiDAR Market Revenue Share, by End-Use Industry 2017 & 2024
    • 7.2. Global LiDAR Market for Space Exploration, 2015 - 2024 (USD Million)
    • 7.3. Global LiDAR Market for Meteorology, 2015 - 2024 (USD Million)
    • 7.4. Global LiDAR Market for Automotive, 2015 - 2024 (USD Million)
    • 7.5. Global LiDAR Market for Defense & Marine, 2015 - 2024 (USD Million)
    • 7.6. Global LiDAR Market for Construction, 2015 - 2024 (USD Million)
    • 7.7. Global LiDAR Market for Mining, 2015 - 2024 (USD Million)
    • 7.8. Global LiDAR Market for Others, 2015 - 2024 (USD Million)
  •  
  • Chapter 8. LiDAR Market - Regional Analysis
    • 8.1. Global LiDAR Market: Regional Overview
      • 8.1.1. Global LiDAR Market Revenue Share, By Region, 2017 And 2024
    • 8.2. North America
      • 8.2.1. North America LiDAR Market Revenue, 2015 - 2024 (USD Million)
      • 8.2.2. North America LiDAR Market Revenue, By Component, 2015 - 2024 (USD Million)
      • 8.2.3. North America LiDAR Market Revenue, By Product, 2015 - 2024 (USD Million)
      • 8.2.4. North America LiDAR Market Revenue, By End-User Industry, 2015 - 2024 (USD Million)
      • 8.2.5. U.S.
        • 8.2.5.1. U.S. LiDAR Market Revenue, by Component, 2015 - 2024 (USD Million)
        • 8.2.5.2. U.S. LiDAR Market Revenue, by Product, 2015 - 2024 (USD Million)
        • 8.2.5.3. U.S. LiDAR Market Revenue, by End-User Industry, 2015 - 2024 (USD Million)
      • 8.2.6. Canada
        • 8.2.6.1. Canada LiDAR Market Revenue, by Component, 2015 - 2024 (USD Million)
        • 8.2.6.2. Canada LiDAR Market Revenue, by Product, 2015 - 2024 (USD Million)
        • 8.2.6.3. Canada LiDAR Market Revenue, by End-User Industry, 2015 - 2024 (USD Million)
      • 8.2.7. Mexico
        • 8.2.7.1. Mexico LiDAR Market Revenue, by Component, 2015 - 2024 (USD Million)
        • 8.2.7.2. Mexico LiDAR Market Revenue, by Product, 2015 - 2024 (USD Million)
        • 8.2.7.3. Mexico LiDAR Market Revenue, by End-User Industry, 2015 - 2024 (USD Million)
    • 8.3. Europe
      • 8.3.1. Europe LiDAR Market Revenue, 2015 - 2024 (USD Million)
      • 8.3.2. Europe LiDAR Market Revenue, By Component, 2015 - 2024 (USD Million)
      • 8.3.3. Europe LiDAR Market Revenue, By Product, 2015 - 2024 (USD Million)
      • 8.3.4. Europe LiDAR Market Revenue, By End-User Industry, 2015 - 2024 (USD Million)
      • 8.3.5. U.K.
        • 8.3.5.1. U.K. LiDAR Market Revenue, by Component, 2015 - 2024 (USD Million)
        • 8.3.5.2. U.K. LiDAR Market Revenue, by Product, 2015 - 2024 (USD Million)
        • 8.3.5.3. U.K. LiDAR Market Revenue, by End-User Industry, 2015 - 2024 (USD Million)
      • 8.3.6. France
        • 8.3.6.1. France LiDAR Market Revenue, by Component, 2015 - 2024 (USD Million)
        • 8.3.6.2. France LiDAR Market Revenue, by Product, 2015 - 2024 (USD Million)
        • 8.3.6.3. France LiDAR Market Revenue, by End-User Industry, 2015 - 2024 (USD Million)
      • 8.3.7. Germany
        • 8.3.7.1. Germany LiDAR Market Revenue, by Component, 2015 - 2024 (USD Million)
        • 8.3.7.2. Germany LiDAR Market Revenue, by Product, 2015 - 2024 (USD Million)
        • 8.3.7.3. Germany LiDAR Market Revenue, by End-User Industry, 2015 - 2024 (USD Million)
      • 8.3.8. Rest of Europe
        • 8.3.8.1. Rest of Europe LiDAR Market Revenue, by Component, 2015 - 2024 (USD Million)
        • 8.3.8.2. Rest of Europe LiDAR Market Revenue, by Product, 2015 - 2024 (USD Million)
        • 8.3.8.3. Rest of Europe LiDAR Market Revenue, by End-User Industry, 2015 - 2024 (USD Million)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific LiDAR Market Revenue, 2015 - 2024 (USD Million)
      • 8.4.2. Asia Pacific LiDAR Market Revenue, By Component, 2015 - 2024 (USD Million)
      • 8.4.3. Asia Pacific LiDAR Market Revenue, By Product, 2015 - 2024 (USD Million)
      • 8.4.4. Asia Pacific LiDAR Market Revenue, By End-User Industry, 2015 - 2024 (USD Million)
      • 8.4.5. China
        • 8.4.5.1. China LiDAR Market Revenue, by Component, 2015 - 2024 (USD Million)
        • 8.4.5.2. China LiDAR Market Revenue, by Product, 2015 - 2024 (USD Million)
        • 8.4.5.3. China LiDAR Market Revenue, by End-User Industry, 2015 - 2024 (USD Million)
      • 8.4.6. Japan
        • 8.4.6.1. Japan LiDAR Market Revenue, by Component, 2015 - 2024 (USD Million)
        • 8.4.6.2. Japan LiDAR Market Revenue, by Product, 2015 - 2024 (USD Million)
        • 8.4.6.3. Japan LiDAR Market Revenue, by End-User Industry, 2015 - 2024 (USD Million)
      • 8.4.7. India
        • 8.4.7.1. India LiDAR Market Revenue, by Component, 2015 - 2024 (USD Million)
        • 8.4.7.2. India LiDAR Market Revenue, by Product, 2015 - 2024 (USD Million)
        • 8.4.7.3. India LiDAR Market Revenue, by End-User Industry, 2015 - 2024 (USD Million)
      • 8.4.8. Rest of Asia Pacific
        • 8.4.8.1. Rest of Asia Pacific LiDAR Market Revenue, by Component, 2015 - 2024 (USD Million)
        • 8.4.8.2. Rest of Asia Pacific LiDAR Market Revenue, by Product, 2015 - 2024 (USD Million)
        • 8.4.8.3. Rest of Asia Pacific LiDAR Market Revenue, by End-User Industry, 2015 - 2024 (USD Million)
    • 8.5. Latin America
      • 8.5.1. Latin America LiDAR Market Revenue, 2015 - 2024 (USD Million)
      • 8.5.2. Latin America LiDAR Market Revenue, By Component, 2015 - 2024 (USD Million)
      • 8.5.3. Latin America LiDAR Market Revenue, By Product, 2015 - 2024 (USD Million)
      • 8.5.4. Latin America LiDAR Market Revenue, By End-User Industry, 2015 - 2024 (USD Million)
      • 8.5.5. Brazil
        • 8.5.5.1. Brazil LiDAR Market Revenue, by Component, 2015 - 2024 (USD Million)
        • 8.5.5.2. Brazil LiDAR Market Revenue, by Product, 2015 - 2024 (USD Million)
        • 8.5.5.3. Brazil LiDAR Market Revenue, by End-User Industry, 2015 - 2024 (USD Million)
      • 8.5.6. Argentina
        • 8.5.6.1. Argentina LiDAR Market Revenue, by Component, 2015 - 2024 (USD Million)
        • 8.5.6.2. Argentina LiDAR Market Revenue, by Product, 2015 - 2024 (USD Million)
        • 8.5.6.3. Argentina LiDAR Market Revenue, by End-User Industry, 2015 - 2024 (USD Million)
      • 8.5.7. Rest of Latin America
        • 8.5.7.1. Rest of Latin America LiDAR Market Revenue, by Component, 2015 - 2024 (USD Million)
        • 8.5.7.2. Rest of Latin America LiDAR Market Revenue, by Product, 2015 - 2024 (USD Million)
        • 8.5.7.3. Rest of Latin America LiDAR Market Revenue, by End-User Industry, 2015 - 2024 (USD Million)
    • 8.6. Middle East & Africa
      • 8.6.1. Middle East & Africa LiDAR Market Revenue, 2015 - 2024 (USD Million)
      • 8.6.2. Middle East & Africa LiDAR Market Revenue, By Component, 2015 - 2024 (USD Million)
      • 8.6.3. Middle East & Africa LiDAR Market Revenue, By Product, 2015 - 2024 (USD Million)
      • 8.6.4. Middle East & Africa LiDAR Market Revenue, By End-User Industry, 2015 - 2024 (USD Million)
  •  
  • Chapter 9. Company Profiles
    • 9.1. Leica Geosystems Holdings AG
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product portfolio
      • 9.1.4. Business strategy
      • 9.1.5. Recent developments
    • 9.2. Teledyne Optech Inc.
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product portfolio
      • 9.2.4. Business strategy
      • 9.2.5. Recent developments
    • 9.3. Quantum Spatial, Inc.
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product portfolio
      • 9.3.4. Business strategy
      • 9.3.5. Recent developments
    • 9.4. Faro Technologies, Inc.
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product portfolio
      • 9.4.4. Business strategy
      • 9.4.5. Recent developments
    • 9.5. Velodyne LiDAR, Inc.
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Product portfolio
      • 9.5.4. Business strategy
      • 9.5.5. Recent developments
    • 9.6. Sick AG
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Product portfolio
      • 9.6.4. Business strategy
      • 9.6.5. Recent developments
    • 9.7. Geokno
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Product portfolio
      • 9.7.4. Business strategy
      • 9.7.5. Recent developments
    • 9.8. Trimble, Inc.
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Product portfolio
      • 9.8.4. Business strategy
      • 9.8.5. Recent developments
    • 9.9. RIEGL USA
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Product portfolio
      • 9.9.4. Business strategy
      • 9.9.5. Recent developments
    • 9.10. YellowScan
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Product portfolio
      • 9.10.4. Business strategy
      • 9.10.5. Recent developments

List of Figures 

1. Global LiDAR Market Segmentation by Component, Product, End Use Industry and Geography
2. Global LiDAR Market, 2017-2024 (USD Million)
3. Porter’s Five Forces Analysis: LiDAR Market
4. Global LiDAR Market Attractiveness, by Component
5. Global LiDAR Market Attractiveness, by Product
6. Global LiDAR Market Attractiveness, by End Use Industry
7. Global LiDAR Market Attractiveness, by Regional
8. Global LiDAR Market Revenue Share, by Component, 2017 & 2024
9. Global LiDAR Market by Laser, 2015 – 2024 (USD Million)
10. Global LiDAR Market by Scanner, 2015 – 2024 (USD Million)
11. Global LiDAR Market by GPS Receiver, 2015 – 2024 (USD Million)
12. Global LiDAR Market by IMU, 2015 – 2024 (USD Million)
13. Global LiDAR Market by High Precision Clock, 2015 – 2024 (USD Million)
14. Global LiDAR Market by Others, 2015 – 2024 (USD Million)
15. Global LiDAR Market Revenue Share, by Product, 2017 & 2024
16. Global LiDAR Market by Topographic LiDAR, 2015 – 2024 (USD Million)
17. Global LiDAR Market by Bathymetric LiDAR, 2015 – 2024 (USD Million)
18. Global LiDAR Market Revenue Share, by End Use Industry 2017 & 2024
19. Global LiDAR Market for Space Exploration, 2015 – 2024 (USD Million)
20. Global LiDAR Market for Meteorology, 2015 – 2024 (USD Million)
21. Global LiDAR Market for Automotive, 2015 – 2024 (USD Million)
22. Global LiDAR Market for Defense & Marine, 2015 – 2024 (USD Million)
23. Global LiDAR Market for Construction, 2015 – 2024 (USD Million)
24. Global LiDAR Market for Mining, 2015 – 2024 (USD Million)
25. Global LiDAR Market for Others, 2015 – 2024 (USD Million)
26. Global LiDAR Market Revenue Share, by Region, 2017-2024
27.  North America LiDAR Market, 2015-2024, (USD Million)
28.  Europe LiDAR market, 2015-2024, (USD Million)
29.  Asia Pacific LiDAR Market, 2015-2024(USD Million)
30.  Latin America LiDAR Market, 2015 – 2024 (USD Million)
31.  Middle East & Africa LiDAR Market, 2015 – 2024, (USD Million)


List of Tables

1. Global LiDAR market snapshot
2. Drivers for LiDAR market: Impact analysis
3. Restraints of LiDAR market: Impact analysis
4. North America LiDAR Market Revenue, By Component, 2015 – 2024 (USD Million)
5. North America LiDAR Market Revenue, By Product, 2015 – 2024 (USD Million)
6. North America LiDAR Market Revenue, By End Use Industry, 2015 – 2024 (USD Million)
7. U.S. LiDAR Market Revenue, By Component, 2015 – 2024 (USD Million)
8. U.S. LiDAR Market Revenue, By Product, 2015 – 2024 (USD Million)
9. U.S. LiDAR Market Revenue, By End Use Industry, 2015 – 2024 (USD Million)
10. Canada LiDAR Market Revenue, By Component, 2015 – 2024 (USD Million)
11. Canada LiDAR Market Revenue, By Product, 2015 – 2024 (USD Million)
12. Canada LiDAR Market Revenue, By End Use Industry, 2015 – 2024 (USD Million)
13. Mexico LiDAR Market Revenue, By Component, 2015 – 2024 (USD Million)
14. Mexico LiDAR Market Revenue, By Product, 2015 – 2024 (USD Million)
15. Mexico LiDAR Market Revenue, By End Use Industry, 2015 – 2024 (USD Million)
16. Europe LiDAR Market Revenue, By Component, 2015 – 2024 (USD Million)
17. Europe LiDAR Market Revenue, By Product, 2015 – 2024 (USD Million)
18. Europe LiDAR Market Revenue, By End Use Industry, 2015 – 2024 (USD Million)
19. U.K. LiDAR Market Revenue, By Component, 2015 – 2024 (USD Million)
20. U.K. LiDAR Market Revenue, By Product, 2015 – 2024 (USD Million)
21. U.K. LiDAR Market Revenue, By End Use Industry, 2015 – 2024 (USD Million)
22. France LiDAR Market Revenue, By Component, 2015 – 2024 (USD Million)
23. France LiDAR Market Revenue, By Product, 2015 – 2024 (USD Million)
24. France LiDAR Market Revenue, By End Use Industry, 2015 – 2024 (USD Million)
25. Germany LiDAR Market Revenue, By Component, 2015 – 2024 (USD Million)
26. Germany LiDAR Market Revenue, By Product, 2015 – 2024 (USD Million)
27. Germany LiDAR Market Revenue, By End Use Industry, 2015 – 2024 (USD Million)
28. Rest of Europe LiDAR Market Revenue, By Component, 2015 – 2024 (USD Million)
29. Rest of Europe LiDAR Market Revenue, By Product, 2015 – 2024 (USD Million)
30. Rest of Europe LiDAR Market Revenue, By End Use Industry, 2015 – 2024 (USD Million)
31. Asia Pacific LiDAR Market Revenue, By Component, 2015 – 2024 (USD Million)
32. Asia Pacific LiDAR Market Revenue, By Product, 2015 – 2024 (USD Million)
33. Asia Pacific LiDAR Market Revenue, By End Use Industry, 2015 – 2024 (USD Million)
34. China LiDAR Market Revenue, By Component, 2015 – 2024 (USD Million)
35. China LiDAR Market Revenue, By Product, 2015 – 2024 (USD Million)
36. China LiDAR Market Revenue, By End Use Industry, 2015 – 2024 (USD Million)
37. Japan LiDAR Market Revenue, By Component, 2015 – 2024 (USD Million)
38. Japan LiDAR Market Revenue, By Product, 2015 – 2024 (USD Million)
39. Japan LiDAR Market Revenue, By End Use Industry, 2015 – 2024 (USD Million)
40. India LiDAR Market Revenue, By Component, 2015 – 2024 (USD Million)
41. India LiDAR Market Revenue, By Product, 2015 – 2024 (USD Million)
42. India LiDAR Market Revenue, By End Use Industry, 2015 – 2024 (USD Million)
43. Rest of Asia Pacific LiDAR Market Revenue, By Component, 2015 – 2024 (USD Million)
44. Rest of Asia Pacific LiDAR Market Revenue, By Product, 2015 – 2024 (USD Million)
45. Rest of Asia Pacific LiDAR Market Revenue, By End Use Industry, 2015 – 2024 (USD Million)
46. Latin America LiDAR Market Revenue, By Component, 2015 – 2024 (USD Million)
47. Latin America LiDAR Market Revenue, By Product, 2015 – 2024 (USD Million)
48. Latin America LiDAR Market Revenue, By End Use Industry, 2015 – 2024 (USD Million)
49. Brazil LiDAR Market Revenue, By Component, 2015 – 2024 (USD Million)
50. Brazil LiDAR Market Revenue, By Product, 2015 – 2024 (USD Million)
51. Brazil LiDAR Market Revenue, By End Use Industry, 2015 – 2024 (USD Million)
52. Argentina LiDAR Market Revenue, By Component, 2015 – 2024 (USD Million)
53. Argentina LiDAR Market Revenue, By Product, 2015 – 2024 (USD Million)
54. Argentina LiDAR Market Revenue, By End Use Industry, 2015 – 2024 (USD Million)
55. Rest of Latin America LiDAR Market Revenue, By Component, 2015 – 2024 (USD Million)
56. Rest of Latin America LiDAR Market Revenue, By Product, 2015 – 2024 (USD Million)
57. Rest of Latin America LiDAR Market Revenue, By End Use Industry, 2015 – 2024 (USD Million)
58. Middle East & Africa LiDAR Market Revenue, By Component, 2015 – 2024 (USD Million)
59. Middle East & Africa LiDAR Market Revenue, By Product, 2015 – 2024 (USD Million)
60. Middle East & Africa LiDAR Market Revenue, By End Use Industry, 2015 – 2024 (USD Million)

Methodology

Free Analysis

LiDAR is a method of detecting and mapping using a laser. The laser works in synchronization with a camera. The laser illuminates the object and the system calculates the time required by the laser to reflect back. LiDAR is used in combination with GPS in various sectors for surveying and mapping.

Technological advancement in the automotive sector is preliminarily driving the LiDAR market. The technology used in various applications such as driver assistance systems, identifying signboards, and tracking pedestrians systems that are deployed in autonomous vehicles. Further, major automotive equipment manufacturers had spent around USD 46 billion in 2015 to invent products that supported driverless vehicles. The investments are expected to increase as automotive manufacturers such as BMW, Mercedes, and Volkswagen are planning to introduce autonomous vehicles over the next five years. These developments are expected to fuel the growth of the LiDAR market during the forecast period.

Global LiDAR Market

Increasing usage of LiDAR in space exploration projects is noteworthy. Over the past decade, investments in space exploration programs have increased owing to the involvement of private firms. In the U.S., during 2017, about 120 firms invested in these projects as compared to 89 firms in 2015. These companies spent about USD 4 billion in 2017 for launching a total of 37 commercial satellites as compared to 51 the U.S. government satellites. It is anticipated that the number of commercial satellites would increase over the next five years. Further, in 2017; a total budget of about USD 68 billion was allocated for space exploration as compared to USD 62 billion in 2013. As per the projections of “the Bank of America”, the global space industry would grow from USD 350 billion in 2017 to at least USD 2.7 trillion over the next three decades. Thus, global LiDAR market is predicted to grow rapidly due to rising investments in space exploration projects. However, lack of awareness about the LiDAR technology can have an adverse effect on its adoption rate. Further, developments in transportation and agriculture sectors may open new avenues for the market in the near future.

Based on the component, the global LiDAR market is divided into laser, scanner, GPS receiver, Inertia Measurement Unit (IMU), high precision clock, and others. Laser segment is expected to hold a significant market share during the forecast timeframe. Space exploration, meteorology, automotive, defense & marine, construction, mining, and others are notable end-user industries for the LiDAR market. Automotive segment is predicted to grow at a substantial rate during the forecast period.

North America holds a substantial share in the global LiDAR market and will maintain its dominance in the near future. Increasing usage of LiDAR for military and defense application along with rapid advancements in technology are the major drivers for regional market growth. Further, the presence of significant market players in the region is predicted to shape the LiDAR market massively. Government initiative for space exploration venture is the major driving factor for the growth of the LiDAR markets in Asia Pacific region. The Asia Pacific is expected to grow at a significant rate during the analysis period.

Some of the key players in the LiDAR market are Leica Geosystems Holdings AG, Teledyne Optech Inc., Quantum Spatial, Inc., Faro Technologies, Inc., Velodyne LiDAR, Inc., Sick AG, Geokno, Trimble, Inc., RIEGL USA, and YellowScan, among others.

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