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LiDAR in Construction Market Size By Product (UAV, Airborne [Bathymetric, Topographic], Terrestrial [Static, Mobile]), By Type (Solid-state, Mechanical), By Application (Surveying, Mapping, Elevation Modelling, Ecological Analysis), By End-user (Government, Private), COVID-19 Impact Analysis, Application Development Potential, Regional Outlook, Price Trend, Competitive Market Share & Forecast, 2022 – 2030

  • Report ID: GMI5336
  • Published Date: Sep 2022
  • Report Format: PDF

Industry Trends

LiDAR in Construction Market size valued at USD 450 million in 2021 and is projected to grow at around 10% CAGR from 2022 to 2030.
 

Burgeoning demand for 3D printing in the construction industry will propel the use of LiDAR. Governments of developing nations have also been implementing various initiatives to utilize advanced mapping technologies, including LiDAR, to produce high-resolution maps for engineering works & projects related to state planning.
 

LiDAR in Construction Market

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The soaring popularity of BIM technology implemented with LiDAR will also push the growth of the LiDAR in construction market. Prominent companies in the industry have also been engaging in rigorous research and development activities to enhance the accuracy of LiDAR technology systems to hold a strong position in the market. In addition, they have been adopting several strategic measures, such as partnerships, collaborations, mergers, and acquisitions, to improve their business standing in the upcoming years.
 

Lack of advancements in operational software may restrain industry progression

The absence of adequate software advancements to support technological innovations in LiDAR hardware is a major factor driving market growth. Existing software solutions have been failing to extract the full potential of hardware-based advancements including the advent of the solid-state LiDAR technology, which is preventing its adoption in certain industry verticals. Nonetheless, ongoing developments in LiDAR technology will encourage companies to adopt LiDAR in construction applications.
 

Soaring demand for technologically advanced LiDAR to push airborne segment growth

The airborne LiDAR segment held nearly 20% of the LiDAR in Construction market share in 2021 and is slated to garner substantial revenue through 2030. This growth is attributed to technological advancement and the mounting demand for customized mapping and surveying solutions in several nations. The airborne segment is further classified into topographic and bathymetric. The topographic segment captured above 70% revenue share in 2021 led by escalating product usage for measuring terrestrial lands using the LiDAR technology.
 

Efficient performance to help LiDAR with solid state type gain traction

The solid-state segment is poised to witness around 30% growth through 2030 owing to its inexpensive nature. The lesser price point makes it a highly preferable choice among most consumers over its counterpart. Moreover, solid-state integrated systems offer better performance than traditional LiDAR solutions.
 

High resolution result in mapping to define the industry landscape

Europe LiDAR Construction Market Size By Application

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The LiDAR mapping market is set to hold about 30% of the market share by 2030. The rising need for a high resolution, compact, and low-cost mapping solution is boosting the LiDAR mapping segment growth. Moreover, the accuracy of LiDAR technology is also proliferating its use in mapping.
 

Rising demand for larger infrastructures to accelerate LiDAR penetration in private sector

LiDAR in construction market for the private sector is estimated to progress at about  10% growth rate from 2022 to 2030. The segmental development is attributed to the amplifying demand for complex large infrastructure at a reasonable cost. Additionally, the growth of private companies in varied industries due to the availability of lucrative opportunities will also augment product adoption.
 

Surging usage for bathymetric surveys to aid the industry in Asia Pacific

Asia Pacific LiDAR in Construction Market Share By Country

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The Asia Pacific LiDAR in construction market size is anticipated to expand at approximately 15% CAGR through 2030. Government organizations have been relying on LiDAR technology companies for conducting bathymetric surveys in the APAC region, impelling the product demand. For instance, in February 2020, the Australian government selected Fugro, a Dutch geo-data specialist, to join the HydroScheme Industry Partnership Program (HIPP) and increase the hydrographic industry’s capability in the country.
 

Another region that may emerge as a key revenue hub is the Middle East & Africa. The LiDAR in construction industry in MEA is likely to grow at more than 15% growth up to 2030. The positive interest showcased by governments towards the development of smart city infrastructure for sustainable and efficient connectivity between cities and states will be a major factor fueling the regional demand.
 

Impact of COVID-19 on the business outlook

The COVID-19 pandemic had a slightly positive influence on the construction industry and substantially bolstered the use of LiDAR technology in the sector. Restrictions on movement and stringent lockdowns pushed construction professionals to adopt digital technologies to smoothen the flow of operations amid the spread of coronavirus. It imposed a sense of de facto mandate on the professionals to opt for LiDAR and other technologies.
 

Advancements in LiDAR solutions to bolster the industry

Major key players operating in the LiDAR in construction market include Cepton, Beijing SureStar Technology Co. Ltd., Continental AG, Firmatek, FARO Technologies, Inc., Genesys International Corporation Limited, GeoSLAM, Geokno,Hexagon AB (Leica Geosystem), Outster Inc., NV5 Inc. (Quantum Spatial), Phoenix LiDAR Systems, Redtail LiDAR, Quanergy Systems, Inc., RIEGL Laser Measurement Systems GmbH, Teledyne Technologies (Teledyne Optech), Sick AG, Topcon Positioning Systems, Inc., Velodyne Lidar, Trimble Inc., and Yellowscan. These companies are continuously working to deliver advanced LiDAR solutions and widening their product capabilities through acquisitions to strengthen their position.
 

This market research report on LiDAR in Construction sector includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2030, for the following segments:

Market, By Product

  • Airborne
    • Topographic
    • Bathymetric
  • UAV
  • Terrestrial
    • Mobile
    • Static

Market, By Type

  • Mechanical
  • Solid State

Market, By Application

  • Surveying
  • Mapping
  • Elevation Modelling
  • Ecological Analysis
  • Others

Market, By End-user

  • Government
  • Private

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa

 

Authors: Preeti Wadhwani, Smriti Loomba

Frequently Asked Questions (FAQ) :

The market size of LiDAR in construction sector surpassed USD 450 million in 2021 and is set to progress at over 10% CAGR from 2022 to 2030, says this GMI report.

The mapping application segment is predicted to capture more than 30% of the market share by 2030 on account of the rising need for a high resolution, compact, and low-cost mapping solution.

The solid state segment is expected to grow at more than 30% growth rate between 2022 and 2030 owing to its inexpensive nature, which makes it a preferable choice over its counterpart.

The Asia Pacific LiDAR in construction market is slated to grow at approximately 15% gains through 2030, as government organizations are relying on LiDAR technology companies for conducting bathymetric surveys.

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 21
  • Tables & Figures: 443
  • Countries covered: 19
  • Pages: 320

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