LiDAR Market

2021-2030 Analysis and Review LiDAR Market

LiDAR Market

LiDAR Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2030

15-03-2022 REP-HC-139346 115 pages Format

The global LiDAR software market is growing with a CAGR of 12.9% during forecast period of 2022-2030. The rising use of drones across various application is one of the key forces which is up surging the growth in the global LiDAR market. The LIDAR UAVs and their applications are growing rapidly and it is expected to be a constant increase in the next decade. The rising application of the LiDAR technology across applications is driving the growth in the global market. According to the American Society of Civil Engineers, the US total infrastructure spending would cost around $4 trillion in GDP by 2025 which is expected to reach to $14 trillion by the end of 2040. Thus, the rising use of LiDAR systems in UAV for mapping, surveying and navigation is boosting the growth of the global LiDAR market.

LIDAR Market


Corridor Mapping to Generate the Largest Revenues, while Other Application Segments to Grow the Fastest

The other application segment is growing at a highest CAGR during the forecast period, owing to rising adoption of LiDAR technology across archeology, military, gaming, etc. the other application segment is growing with a CAGR of 14.2% during the forecast period. The rising adoption of LiDAR technology in gaming industry is driving the growth in the global LiDAR market. Gaming market is anticipated to generate significant revenues due to huge investments in research for developing high definition computer and mobile games. This will promote the high utilization of LiDAR in development of games that is estimated to impact the growth of LiDAR market. Corridor mapping segment holds the largest revenues in application segment. High accuracy of data and faster processing capabilities are driving the LiDAR based corridor mapping market. As compared to the conventional techniques of corridor mapping, LiDAR based corridor mapping offers cost effective and time saving approach.

North America Takes the Lion’s Share, However, APAC to Promise Significant Opportunities

Globally, North America held the largest market share of around 39.85% in 2021 in global LiDAR market. The growth in North America LiDAR market is mainly attributed by the rising adoption of the LiDAR technology in UAV drones. Moreover, the US is the key country which is influencing the growth of North America LiDAR market. Moreover, Asia Pacific is the fastest growing region in the global LiDAR market which is growing with a CAGR of 14.0% during forecast period. India is the key country which is influencing the growth of Asia Pacific LiDAR market. India is growing with a CAGR of 14.8% during forecast period. The growth of India LiDAR market is mainly driven by the rising government support for the development of the LiDAR technology. Market demand for aerial LiDAR systems would increase with growing drone market. Overall drone market in India is anticipated to grow at 29% per annum.

India remains as the Fastest Growing Country for LiDAR market

India is the fastest growing country in the world for LiDAR market, which is growing with a CAGR of 14.8% during forecast period. LiDAR market in India are mainly used for geological surveillance, coastal area monitoring, urban planning, oil & gas explorations, and disaster management. Majority of the mega cities in India are densely populated. Over the years both aerial and mobile LiDAR systems have been used to generate 3D models, DTM and DSM data for urban planning in India. The aim is to distribute the concentrated population without causing any harm to the environment. Ministry urban development and planning commission of Indian Government are planning to invest more than $50 million, mapping densely populated cities like Delhi, Mumbai, Bangalore, Ahmedabad, Chennai, and Kolkata as a part of its smart city initiative. Market demand for aerial LiDAR systems would increase with increasing drone market. Overall drone market in India is anticipated to grow at 29% per annum.

Product Launch Remains as The Key Market Strategy Adopted Among Key Players

Product launch and investment strategies are key strategy that are adopted by the companies to gain competitive advantages over competitors. The companies are investing a significant amount in research and development which ultimately results in the development of new products in the market. The acquisition remains as the secondary strategy that allows the companies to expand their product portfolio, geographical expansion, and increase in customer base, technological innovation and increase revenue share in the market. Key companies in this market include Velodyne, quantum Spatial Inc, RIEGL, Teledyne Optech and others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2020 to 2030 considering 2021 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment are calculated for the forecast period from 2022 to 2030.

Report Methodology

Market revenues and CAGR were derived from primary and secondary research. Both quantitative and qualitative trends were considered for extrapolation of market revenues. The derived market estimates were further validated from top down, bottom strategies and primary research. The scope of the market is limited to the following segments of product categories and region.

By Application (2020-2030; US$ Mn)

  • Seismology
  • Corridor Mapping
  • Engineering
  • Exploration
  • Other Applications

By Product (2020-2030; US$ Mn)

  • Aerial LiDAR
  • Ground-Based LiDAR
  • UAV LiDAR

By Component (2020-2030; US$ Mn)

  • Inertial Navigation System
  • Micro-Electro Mechanical System(Mems)
  • GPS/GNSS Receiver
  • Lasers
  • Others

By Services (2020-2030; US$ Mn)

  • GIS Service
  • Asset Management
  • Ground-Based Surveying
  • Mapping & Modelling
  • Others

By Region (2020-2030; US$ Mn)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Africa

Global Impact of Covid-19 Segment (2020-2021; US$ Mn)

  • Pre Covid-19 situation
  • Post Covid-19 situation

Key questions answered in this report

  • What are the key market segments in current scenario and in the future by product categories?
  • What are the key market segments in current scenario and in the future by regions?
  • What is the key impact of Covid-19 over market revenues and market determinants in the global LiDAR market?
  • What are the primary and secondary macro and micro factors influencing the market growth currently and during the forecast period?
  • What are the primary and secondary macro and micro factors deterring the market growth currently and during the forecast period?
  • How to overcome the current market challenges and leverage the opportunities in each of the market segment?
  • Who are the key players in the operational predictive maintenance market and what are their key product categories and strategies?
  • What are the key strategies – mergers/acquisitions/R&D/strategic partnerships etc. that companies are deploying to enhance market revenues and growth

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