KEY FINDINGS
The global LiDAR market is expected to grow with a CAGR of 22.49%, during the forecast period of 2021 to 2028. The market growth is attributed to factors such as, the growing demand from various sectors, better features than other alternatives, the extensive use of LiDAR in airborne applications, and technological advancements.
MARKET INSIGHTS
LiDAR (light detection and ranging) entails a laser 3D scanning technology, utilizing laser beams to generate the considered surface's 3D model. It involves emitting laser in the environment, particularly towards the target surface from where it then bounces off, returning to the sensor. As a result, the time taken by every laser pulse to return to the sensor indicates the distance it travels.
Geographic information systems (GIS) are presently observing increased popularity across sectors such as, military, agriculture, and government. LiDAR also serves as an ideal system, in order to capture the high-resolution 3D details of geographic locations. For instance, the aerial LiDAR systems mounted on drones and aircraft are utilized for implementing GIS. The information captured is used for corridor mapping by the government and environment protection authorities, for forest zone monitoring, among other uses. Thus, the system's primary application includes GIS, which propels the global market growth.
REGIONAL INSIGHTS
The global LiDAR market growth analysis includes the Asia Pacific, Europe, North America, and the rest of the world. The market in North America observes significant growth owing to the increased applications across industrial and defense sectors, and the rising research and development, in terms of autonomous vehicles. Therefore, the region's LiDAR market is anticipated to harbor the largest revenue share over the forecast period.
However, the system's high cost is likely to hinder the market growth.
COMPETITIVE INSIGHTS
LiDAR technology's market penetration is moderate, with numerous firms exploring its potential. This creates various opportunities for companies to attract new markets, thereby driving the market growth. Although the levels of advertising and marketing are high, the firm concentration is adequate. Hence, the industrial rivalry is anticipated to be intense during the forecast years.
Some of the distinguished enterprises operating in the market are, Leica Geosystems AG, RIEGL Laser Measurement Systems GmbH, Topcon Corporation, Quanergy Systems Inc, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Global Lidar Market Forecast 2021-2028
Table of Contents
1. RESEARCH SCOPE & METHODOLOGY
1.1. STUDY OBJECTIVES
1.2. SCOPE OF STUDY
1.3. METHODOLOGY
1.4. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW
3. MARKET DYNAMICS
3.1. MARKET SCOPE
3.2. KEY DRIVERS
3.2.1. RISING DEMAND FROM DIFFERENT SECTORS
3.2.2. EXTENSIVE USE OF LIDAR IN AIRBORNE APPLICATIONS
3.2.3. BETTER FEATURES THAN OTHER ALTERNATIVES
3.2.4. ADVANCEMENT IN TECHNOLOGY
3.2.5. INCREASING RESEARCH AND DEVELOPMENT IN SELF-DRIVING CARS
3.3. KEY RESTRAINTS
3.3.1. HIGH COST OF SYSTEM
3.3.2. REAL POTENTIAL OF LIDAR NOT REALIZED
4. KEY ANALYTICS
4.1. IMPACT OF COVID-19 ON LIDAR MARKET
4.2. KEY INVESTMENT INSIGHTS
4.3. PORTER'S FIVE FORCE ANALYSIS
4.3.1. BUYER POWER
4.3.2. SUPPLIER POWER
4.3.3. SUBSTITUTION
4.3.4. NEW ENTRANTS
4.3.5. INDUSTRY RIVALRY
4.4. OPPORTUNITY MATRIX
4.5. VENDOR LANDSCAPE
4.6. VALUE CHAIN ANALYSIS
5. MARKET BY APPLICATION
5.1. CORRIDOR MAPPING
5.2. DETECTION & EXPLORATION
5.3. SEISMOLOGY
5.4. OTHER APPLICATIONS
6. MARKET BY END-USER
6.1. CIVIL ENGINEERING
6.2. FORESTRY AND AGRICULTURE
6.3. AUTOMOTIVE
6.4. AEROSPACE & DEFENSE
6.5. ARCHAEOLOGY
6.6. MINING
7. MARKET BY PRODUCT TYPE
7.1. AERIAL LIDAR
7.1.1. UNMANNED AERIAL VEHICLE (UAV)
7.1.2. AIRCRAFT
7.1.3. SATELLITE
7.2. TERRESTRIAL LIDAR
7.2.1. STATIC TERRESTRIAL LIDAR
7.2.2. MOBILE TERRESTRIAL LIDAR
8. MARKET BY COMPONENT
8.1. LASER SCANNERS
8.2. INERTIAL NAVIGATION SYSTEM
8.3. CAMERAS
8.4. GPS
8.5. OTHER COMPONENTS
9. GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1. MARKET SIZE & ESTIMATES
9.1.2. KEY GROWTH ENABLERS
9.1.3. KEY CHALLENGES
9.1.4. KEY PLAYERS
9.1.5. COUNTRY ANALYSIS
9.1.5.1. UNITED STATES
9.1.5.2. CANADA
9.2. EUROPE
9.2.1. MARKET SIZE & ESTIMATES
9.2.2. KEY GROWTH ENABLERS
9.2.3. KEY CHALLENGES
9.2.4. KEY PLAYERS
9.2.5. COUNTRY ANALYSIS
9.2.5.1. UNITED KINGDOM
9.2.5.2. GERMANY
9.2.5.3. FRANCE
9.2.5.4. ITALY
9.2.5.5. RUSSIA
9.2.5.6. BELGIUM
9.2.5.7. POLAND
9.2.5.8. REST OF EUROPE
9.3. ASIA PACIFIC
9.3.1. MARKET SIZE & ESTIMATES
9.3.2. KEY GROWTH ENABLERS
9.3.3. KEY CHALLENGES
9.3.4. KEY PLAYERS
9.3.5. COUNTRY ANALYSIS
9.3.5.1. CHINA
9.3.5.2. JAPAN
9.3.5.3. INDIA
9.3.5.4. SOUTH KOREA
9.3.5.5. INDONESIA
9.3.5.6. THAILAND
9.3.5.7. VIETNAM
9.3.5.8. AUSTRALIA & NEW ZEALAND
9.3.5.9. REST OF ASIA PACIFIC
9.4. REST OF WORLD
9.4.1. MARKET SIZE & ESTIMATES
9.4.2. KEY GROWTH ENABLERS
9.4.3. KEY CHALLENGES
9.4.4. KEY PLAYERS
9.4.5. COUNTRY ANALYSIS
9.4.5.1. LATIN AMERICA
9.4.5.2. MIDDLE EAST & AFRICA
10. COMPETITIVE LANDSCAPE
10.1. KEY STRATEGIC DEVELOPMENTS
10.1.1. MERGER & ACQUISITIONS
10.1.2. PRODUCT LAUNCH & DEVELOPMENTS
10.1.3. PARTNERSHIP, CONTRACT/AGREEMENT & COLLABORATION
10.1.4. BUSINESS EXPANSION
10.2. COMPANY PROFILE
10.2.1. VELODYNE LIDAR INC
10.2.2. LEICA GEOSYSTEMS AG
10.2.3. TOPCON CORPORATION
10.2.4. RIEGL LASER MEASUREMENT SYSTEMS GMBH
10.2.5. QUANERGY SYSTEMS INC
10.2.6. PHANTOM INTELLIGENCE INC
10.2.7. TRIMBLE INC
10.2.8. TELEDYNE OPTECH
10.2.9. FARO TECHNOLOGIES INC
10.2.10. AIRBORNE HYDROGRAPHY AB
List Of Tables
TABLE 1: MARKET SNAPSHOT - LIDAR
TABLE 2: GLOBAL LIDAR MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 3: GLOBAL LIDAR MARKET, BY APPLICATION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 4: GLOBAL CORRIDOR MAPPING MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 5: GLOBAL CORRIDOR MAPPING MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 6: GLOBAL DETECTION & EXPLORATION MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 7: GLOBAL DETECTION & EXPLORATION MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 8: GLOBAL SEISMOLOGY MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 9: GLOBAL SEISMOLOGY MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 10: GLOBAL OTHER APPLICATIONS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 11: GLOBAL OTHER APPLICATIONS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 12: GLOBAL LIDAR MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 13: GLOBAL LIDAR MARKET, BY END-USER, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 14: GLOBAL CIVIL ENGINEERING MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 15: GLOBAL CIVIL ENGINEERING MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 16: GLOBAL FORESTRY AND AGRICULTURE MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 17: GLOBAL FORESTRY AND AGRICULTURE MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 18: GLOBAL AUTOMOTIVE MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 19: GLOBAL AUTOMOTIVE MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 20: GLOBAL AEROSPACE & DEFENSE MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 21: GLOBAL AEROSPACE & DEFENSE MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 22: GLOBAL ARCHAEOLOGY MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 23: GLOBAL ARCHAEOLOGY MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 24: GLOBAL MINING MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 25: GLOBAL MINING MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 26: GLOBAL LIDAR MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 27: GLOBAL LIDAR MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 28: GLOBAL AERIAL LIDAR MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 29: GLOBAL AERIAL LIDAR MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 30: GLOBAL AERIAL LIDAR MARKET, BY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 31: GLOBAL AERIAL LIDAR MARKET, BY TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 32: GLOBAL TERRESTRIAL LIDAR MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 33: GLOBAL TERRESTRIAL LIDAR MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 34: GLOBAL TERRESTRIAL LIDAR MARKET, BY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 35: GLOBAL TERRESTRIAL LIDAR MARKET, BY TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 36: GLOBAL LIDAR MARKET, BY COMPONENT, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 37: GLOBAL LIDAR MARKET, BY COMPONENT, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 38: GLOBAL LASER SCANNERS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 39: GLOBAL LASER SCANNERS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 40: GLOBAL INERTIAL NAVIGATION SYSTEM MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 41: GLOBAL INERTIAL NAVIGATION SYSTEM MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 42: GLOBAL CAMERAS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 43: GLOBAL CAMERAS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 44: GLOBAL GPS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 45: GLOBAL GPS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 46: GLOBAL OTHER COMPONENTS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 47: GLOBAL OTHER COMPONENTS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 48: GLOBAL LIDAR MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 49: GLOBAL LIDAR MARKET, BY GEOGRAPHY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 50: NORTH AMERICA LIDAR MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 51: NORTH AMERICA LIDAR MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 52: KEY PLAYERS OPERATING IN NORTH AMERICA LIDAR MARKET
TABLE 53: EUROPE LIDAR MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 54: EUROPE LIDAR MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 55: KEY PLAYERS OPERATING IN EUROPE LIDAR MARKET
TABLE 56: ASIA PACIFIC LIDAR MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 57: ASIA PACIFIC LIDAR MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 58: KEY PLAYERS OPERATING IN ASIA PACIFIC LIDAR MARKET
TABLE 59: REST OF WORLD LIDAR MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 60: REST OF WORLD LIDAR MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 61: KEY PLAYERS OPERATING IN REST OF WORLD LIDAR MARKET
List Of Figures
FIGURE 1: KEY INVESTMENT INSIGHTS
FIGURE 2: PORTER'S FIVE FORCE ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: GLOBAL LIDAR MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2020
FIGURE 6: GLOBAL LIDAR MARKET, BY CORRIDOR MAPPING, 2021-2028 (IN $ MILLION)
FIGURE 7: GLOBAL LIDAR MARKET, BY DETECTION & EXPLORATION, 2021-2028 (IN $ MILLION)
FIGURE 8: GLOBAL LIDAR MARKET, BY SEISMOLOGY, 2021-2028 (IN $ MILLION)
FIGURE 9: GLOBAL LIDAR MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)
FIGURE 10: GLOBAL LIDAR MARKET, GROWTH POTENTIAL, BY END-USER, IN 2020
FIGURE 11: GLOBAL LIDAR MARKET, BY CIVIL ENGINEERING, 2021-2028 (IN $ MILLION)
FIGURE 12: GLOBAL LIDAR MARKET, BY FORESTRY AND AGRICULTURE, 2021-2028 (IN $ MILLION)
FIGURE 13: GLOBAL LIDAR MARKET, BY AUTOMOTIVE, 2021-2028 (IN $ MILLION)
FIGURE 14: GLOBAL LIDAR MARKET, BY AEROSPACE & DEFENSE, 2021-2028 (IN $ MILLION)
FIGURE 15: GLOBAL LIDAR MARKET, BY ARCHAEOLOGY, 2021-2028 (IN $ MILLION)
FIGURE 16: GLOBAL LIDAR MARKET, BY MINING, 2021-2028 (IN $ MILLION)
FIGURE 17: GLOBAL LIDAR MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2020
FIGURE 18: GLOBAL LIDAR MARKET, BY AERIAL LIDAR, 2021-2028 (IN $ MILLION)
FIGURE 19: GLOBAL LIDAR MARKET, BY UNMANNED AERIAL VEHICLE (UAV), 2021-2028 (IN $ MILLION)
FIGURE 20: GLOBAL LIDAR MARKET, BY AIRCRAFT, 2021-2028 (IN $ MILLION)
FIGURE 21: GLOBAL LIDAR MARKET, BY SATELLITE, 2021-2028 (IN $ MILLION)
FIGURE 22: GLOBAL LIDAR MARKET, BY TERRESTRIAL LIDAR, 2021-2028 (IN $ MILLION)
FIGURE 23: GLOBAL LIDAR MARKET, BY STATIC TERRESTRIAL LIDAR, 2021-2028 (IN $ MILLION)
FIGURE 24: GLOBAL LIDAR MARKET, BY MOBILE TERRESTRIAL LIDAR, 2021-2028 (IN $ MILLION)
FIGURE 25: GLOBAL LIDAR MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2020
FIGURE 26: GLOBAL LIDAR MARKET, BY LASER SCANNERS, 2021-2028 (IN $ MILLION)
FIGURE 27: GLOBAL LIDAR MARKET, BY INERTIAL NAVIGATION SYSTEM, 2021-2028 (IN $ MILLION)
FIGURE 28: GLOBAL LIDAR MARKET, BY CAMERAS, 2021-2028 (IN $ MILLION)
FIGURE 29: GLOBAL LIDAR MARKET, BY GPS, 2021-2028 (IN $ MILLION)
FIGURE 30: GLOBAL LIDAR MARKET, BY OTHER COMPONENTS, 2021-2028 (IN $ MILLION)
FIGURE 31: NORTH AMERICA LIDAR MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 32: UNITED STATES LIDAR MARKET, 2021-2028 (IN $ MILLION)
FIGURE 33: CANADA LIDAR MARKET, 2021-2028 (IN $ MILLION)
FIGURE 34: EUROPE LIDAR MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 35: UNITED KINGDOM LIDAR MARKET, 2021-2028 (IN $ MILLION)
FIGURE 36: GERMANY LIDAR MARKET, 2021-2028 (IN $ MILLION)
FIGURE 37: FRANCE LIDAR MARKET, 2021-2028 (IN $ MILLION)
FIGURE 38: ITALY LIDAR MARKET, 2021-2028 (IN $ MILLION)
FIGURE 39: RUSSIA LIDAR MARKET, 2021-2028 (IN $ MILLION)
FIGURE 40: BELGIUM LIDAR MARKET, 2021-2028 (IN $ MILLION)
FIGURE 41: POLAND LIDAR MARKET, 2021-2028 (IN $ MILLION)
FIGURE 42: REST OF EUROPE LIDAR MARKET, 2021-2028 (IN $ MILLION)
FIGURE 43: ASIA PACIFIC LIDAR MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 44: CHINA LIDAR MARKET, 2021-2028 (IN $ MILLION)
FIGURE 45: JAPAN LIDAR MARKET, 2021-2028 (IN $ MILLION)
FIGURE 46: INDIA LIDAR MARKET, 2021-2028 (IN $ MILLION)
FIGURE 47: SOUTH KOREA LIDAR MARKET, 2021-2028 (IN $ MILLION)
FIGURE 48: INDONESIA LIDAR MARKET, 2021-2028 (IN $ MILLION)
FIGURE 49: THAILAND LIDAR MARKET, 2021-2028 (IN $ MILLION)
FIGURE 50: VIETNAM LIDAR MARKET, 2021-2028 (IN $ MILLION)
FIGURE 51: AUSTRALIA & NEW ZEALAND LIDAR MARKET, 2021-2028 (IN $ MILLION)
FIGURE 52: REST OF ASIA PACIFIC LIDAR MARKET, 2021-2028 (IN $ MILLION)
FIGURE 53: REST OF WORLD LIDAR MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 54: LATIN AMERICA LIDAR MARKET, 2021-2028 (IN $ MILLION)
FIGURE 55: MIDDLE EAST & AFRICA LIDAR MARKET, 2021-2028 (IN $ MILLION)
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