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LiDAR Market Upcoming Future Growth, Competitive Analysis and Forecast 2029

LiDAR Market

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.

LiDAR Market Overview

The study provides a comprehensive overview of the LiDAR Market, including its most recent revenue and market trends, market definition, overview, and structure. The primary and secondary data have been compiled and analyzed in detail to ensure that the LiDAR industry report is authentic and error-free.

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LiDAR Market Report Scope and Research Methodology

The report also includes a SWOT analysis of the key players in the LiDAR industry, which provides insights into their strengths and weaknesses. The report is a combination of primary and secondary data collected through exhaustive research. The primary research involved interviews with industry experts, while the secondary research involved the analysis of government policies, market environment, historical data, competitive landscape, current market trends, technological progress, and upcoming technologies.

The report provides a comprehensive overview of the LiDAR industry, including the most recent trends in each sub-segment, revenue growth at local, regional, and global levels, and both qualitative and quantitative data. The analysts focused on global trends, including key statistics on the market status of the LiDAR competitors. The report also includes a detailed region-wise and segment-wise analysis of the LiDAR market dynamics, including drivers, restraints, opportunities, and challenges. This makes the report an invaluable resource for investors.

The bottom-up approach was used to estimate the global LiDAR market size. Porter’s five forces analysis explains how suppliers and buyers build buyer and supplier networks and make profit-driven decisions. The PESTLE analysis helps to understand the LiDAR market through various perspectives, such as political, economic, social, technological, environmental, and legal factors.

LiDAR Market Regional Insights

The report is segmented into several key countries, with market size, growth rate, import and export of LiDAR market in these countries, which covers North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.

LiDAR Market Segmentation

by Installation

Airborne
Ground-Based

The market is divided into two sub-segments based on installation: airborne and ground-based. Digital elevation models can now be created more precisely and thoroughly using aerial LiDAR instead of photogrammetry. 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.

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LiDAR Market Key Players

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
21.LeddarTech Inc.
22.Quanergy Systems, Inc.
23.Innoviz Technologies Ltd.
24.ZX Lidars
25.Vaisala
26.Waymo LLC
27.Valeo
28.Lumibird Canada
29.Ouster, Inc.

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 the end of the forecast period?
  • Who are the prominent players in the LiDAR market?
  • What key trends are expected to emerge in the LiDAR market in the coming years?
  • What are the factors restraining the LiDAR market growth?
  • Which regional LiDAR market is expected to grow at a high rate during the forecast period?

Key Offerings:

  • A detailed Market Overview
  • Market Share, Size, and Forecast by Revenue|2023-2029
  • Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
  • Market Segmentation- A detailed analysis of each segment and their segments
  • Competitive Landscape – Leading key players and other prominent key players.

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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