1. Home
  2. > Aerospace and Defense Market Trends
LiDAR Global Market Report 2022

LiDAR Global Market Report 2022

  • June 2022
  • 175 pages
  • ID: 6285592
  • Format: PDF
  • The Business Research Company

Summary

Table of Contents

Major players in the lidar market are 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.

The global LiDAR market 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 market is expected to grow to $3.61 billion in 2026 at a CAGR of 19.49%.

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 main types of LiDAR are terrestrial, aerial, and mobile.Terrestrial LiDAR is also called Terrestrial Laser Scanning (TLS) or topographic LiDAR.

Terrestrial LiDAR is categorized into three types depending on the distance they travel – namely, short-range, medium-range, and long-range scanners.The components used in LiDAR are laser scanner, navigation and positioning systems, and others.

The various technologies involved in LiDAR are 2D, 3D, and 4D.LiDAR is used in mapping and cartography, ADAS (Advanced Driver-Assistance System), environment, exploration and detection, and other applications.

The end users of LiDAR are defense and aerospace, civil engineering, archaeology, forestry and agriculture, mining, and transportation.

North America was the largest region in the LiDAR market in 2021.Asia-Pacific is expected to be the fastest-growing region in the forecast period.

The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The rising demand for 3D imaging is expected to propel the growth of the LiDAR market. 3D imaging is a technique that develops or creates the impression of depth within an image by deploying 2D data into the 3-dimensional format. For instance, in April 2021, according to the data provided by the USGS, United States, the government initiated a 3D Elevation Program (3DEP) and the goal is to complete it by 2023. The aim of the program is to provide the first-ever national baseline of consistent high-resolution three-dimensional data that includes bare earth elevations and three-dimensional point clouds and are collected in a timeframe of less than a decade to complete the acquisition of nationwide LiDAR. Therefore, the rise in demand for 3D imaging drives the LiDAR market.

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.

For instance, in May 2021, Pony.ai self-driving car backed by Toyota based in the United States collaborated with Lumiar Corporation. Under this partnership, Pony.ai will use LiDAR offered by Luminar in its robo taxi production. The multi-purpose utilization of LiDAR in next-gen (specifically autonomous) vehicles is compelling the automakers to invest in LiDAR startups.

In February 2021, Aurora innovation, an American self-driving technology business, acquired OURS (Optical Universal RISC Systems) technology, an America-based LiDAR startup for an undisclosed amount.Through this acquisition, Aurora Innovation aims to reduce the cost of sensors as well as improve the accuracy of autonomous driving and robotics applications offered.

OURS’s expertise is in developing LiDAR chips and this acquisition adds to the expertise Aurora innovation already have, thus accelerating their work.

The countries covered in the LiDAR market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Mobile Cobots Market by Component Payload Capacity, Application, and By End-use Industry – Global Opportunity Analysis and Industry Forecast 2022–2030

  • $ 3975
  • January 2023
  • 462 pages

Mobile Cobots Market by Component (Hardware, Software, and Services) Payload Capacity (1 to 3 kg, 3 to 5 kg, 5 to 10 kg, and Above 10 Kg), Application (Assembly, Machine Tending, Quality Inspections, Process, ...

  • World
  • APAC
  • Robotics
  • Automotive
  • Industry analysis
  • Industrial Production
  • Fuel Export

ref:plp2022

Reportlinker.com © Copyright 2023. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on