LiDAR in Mapping Market Size By Platform (Drones [Fixed Wing Drones, Single Rotor Drones, Multi Rotor Drones], Terrestrial [Stationary, Mobile], Airborne, Handheld and Backpack), By Component (Hardware, Software), By Application (Corridor Mapping, Construction & Surveying, Agriculture & Forestry, Mining & Quarrying, Education, Environmental, Transport, Emergency Services) Industry Outlook, Regional Analysis , Application Development, Competitive Landscape & Forecast, 2020 – 2026

Published Date: Dec 2019  |  Report ID: GMI4461  |  Authors: Preeti Wadhwani, Sachin Kasnale

Report Format: PDF   |   Pages: 290   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

LiDAR in Mapping Market size surpassed USD 900 million in 2019 and is poised to witness more than 25% CAGR from 2020 to 2026.
 

LiDAR in Mapping Market

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LiDAR in mapping aids geologists, soil scientists, and other professionals in understanding earth imaging and quaternary mapping. It is a rapid, powerful, and cost-effective way to collect accurate terrain data (Digital Elevation Model (DEM)) for large areas. It can be used for various mapping applications such as forestry, urban planning, powerline transmission, coastal zone mapping undersea cable routing, and wreck detection.
 

The LiDAR in mapping market growth is attributed to the growing demand for surveying & excavation activities across the world for various planning & mining applications. The government authorities are using LiDAR technology with the help of LiDAR market players to carry out survey & excavation projects to collect & analyze precise data points to plan future infrastructure development and explore energy & minerals in their territories. For instance, in May 2018, Genesys International Corporation, an India-based LiDAR services provider, was awarded a contract for 3D mapping of the Turkmenistan – Afghanistan – Pakistan – India (TAPI) Gas Pipeline Project. The data acquisition through this project helped in providing valuable information for the construction & maintenance of high-pressure gas pipelines. The use of LiDAR technology by government to identify new energy sources is also supporting the market demand.
 

LiDAR in Mapping Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: Over USD 900 Million (2019)
Historical Data for: 2015 to 2018 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 20% 2026 Value Projection: Over USD 4 Billion (2026)
Pages: 290 Tables, Charts & Figures: 346
Geographies covered (23): U.S., Canada, UK, Germany, France, Italy, Spain, Australia, China, India, Japan, South Korea, Brazil, Mexico, Argentina, GCC, South Africa
Segments covered: Platform, Component, Application, and Region
Companies covered (20): Argo AI, Blickfeld GmbH, Cepton Technologies, Inc., FARO Technologies, Inc., Fugro N.V., GeoSLAM Ltd. (3D Laser Mapping), Hesai Technology, Innoviz Technologies Ltd., Leica Geosystems AG (Hexagon), LeddarTech, Inc., LeiShen Intelligent Systems Co., Ltd., Luminar Technologies, Inc., Ouster, Inc., Phantom Intelligence, Phoenix LiDAR Systems, Quanergy Systems, Inc., Tetravue, Inc., Topcon Positioning Systems, Inc., and Velodyne LiDAR, Inc.
Growth Drivers:
  • Increase in the demand for surveying and excavation activities
  • Rising need to prevent disaster & assess post-disaster loss
  • Supportive Public-Private Partnerships
  • Growing popularity of LiDAR mapping service providers
Pitfalls & Challenges:
  • Huge resource requirement and performance limitation
  • Requirement of a longer time period for large regions

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Growing demand for surveying in harsh environments is fueling the demand for fixed-wing drones

The fixed-wing drone segment is expected to grow at a CAGR of over 30%. during the forecast timeline due to the ability to carry huge payloads for long distances with lesser power. The resultant high-quality image-producing property of fixed-wing drones makes them a suitable choice in the aerial photography market. The simple structure of these drones helps in the efficient operation in aerodynamics with long flight duration at high speeds. Major drone solution providers operating in the LiDAR industry are introducing advanced fixed-wing drones to support LiDAR-based surveying & mapping applications. For instance, in February 2018, Delair, a leading commercial drone solution provider, introduced Delair DT26X LiDAR fixed-wing UAV for LiDAR-based aerial surveying and 3D mapping solutions. This new product combined LiDAR sensing with RGB camera data will provide highly accurate 3D images over large areas in challenging environments for mapping applications.
 

The demand for data modeling software is gaining popularity across the LiDAR in mapping market

The component segment has been divided into hardware and software solutions. The software solutions held a market share of over 10% in 2019 due to the increasing demand for LiDAR in mapping solutions for raw data processing and the creation of 3D models for several applications. Software providers operating in the LiDAR in mapping ecosystem will generate revenue using business models such as purchase license, subscription license, and license for rent. Additionally, LiDAR software providers generate revenue from maintenance, support & service offerings. Software providers are enabling point classification, data calibration & matching, image processing, and delivery product creation in one software environment. The companies operating in LiDAR mapping market are introducing new mapping software for improving indoor mapping applications. For instance, in September 2019, Trimble released Indoor Mobile Mapping Solution (TIMMS) software to improve & simplify the workflow for indoor mapping solutions. This introduction helped the company gain a competitive advantage over other market players.
 

Rising adoption of autonomous vehicles is fueling the North America market growth

North America LiDAR Mapping Market By Application

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The transportation sector in North America is expected to grow at a CAGR of over 35% during the forecast timeline due to an increase in the adoption of autonomous vehicles across the globe. Leading automotive manufacturers operating in the market are focusing on developing advanced features such as night vision, pedestrian detection system, and distance mapping for autonomous vehicles. For instance, in April 2016, Ford equipped its fusion hybrid autonomous car with LiDAR sensors for improving the car’s night vision. This initiative helped the vehicle to detect pedestrians on the road. Automotive LiDAR sensors are currently deployed in fully autonomous level 4 and 5 vehicles. As the technology is becoming more mature, major LiDAR solution providers are focusing on the mass production of sensors to reduce the cost of production and sustain in the rapidly growing market competition. Government across the countries are constantly working on enhancing the safety of vehicles by mandating the use of Advanced Driving Assistance Systems (ADAS) in vehicles and modifying vehicle safety systems.
 

Government initiatives are propelling Europe industry growth

Europe LiDAR in Mapping Market By Region

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Europe held a market share of over 20% in 2019 due to the increase in the demand for accurate 3D mapping for improved disaster management. The government agencies in Europe are aggressively investing in aerial LiDAR technology to collect topographical data and make key designs at the time of floods. For instance, in October 2017, the Scottish government made its LiDAR data open to public and industries. The data was collected for flood risk analysis & modeling and primarily follows watercourses and coastal habitats. LiDAR data is helping the government understand unique natural features and landscape & flood risks of the country. Similarly, governments in the UK, the Netherlands, and Spain have also released nation-wide LiDAR data for the public to accelerate development of accurate maps in flood prevention and disaster management applications.
 

The rapid adoption of LiDAR-based mapping in the archaeological surveying of Italian landscapes is promoting the market growth. According to the 2017 data published by the Italian Superintendence for Archaeological Heritage, nearly 36.8% of the national territory held a high archaeological importance due to the presence of ancient sites and structures.
 

Companies are emphasizing on introducing advanced mapping software to improve mapping experience

The companies operating in the LiDAR in mapping industry are introducing advanced LiDAR mapping software to simplify a variety of mapping applications. For instance, in September 2019, FARO Technologies announced a new set of 3D software solutions for construction site mapping and land characterization. The two solutions, FARO indoor mobile scanner and As-built Modeler, are expected to launch in Q4 2019 and will help the company build its strong market presence in the construction & civil engineering sector. The companies operating in the market are focusing on raising funds to enhance their technological capabilities. For instance, in November 2017, Tetravue, Inc. raised an undisclosed amount of funding from leading investors including KLA Tencor, Lam Research, and Tsing Capital. The funding was used to commercialize the world's first long-range, high-resolution 4D camera. The new 4D camera enabled the company to strengthen its offerings for the LiDAR sensor market including autonomous vehicles, machine vision, and factory automation.
 

Some of the players operating in the LiDAR mapping market are Argo AI, Blickfeld GmbH, Cepton Technologies, Inc., FARO Technologies, Inc., Fugro N.V., GeoSLAM Ltd. (3D Laser Mapping), Hesai Technology, Innoviz Technologies Ltd., Leica Geosystems AG (Hexagon), LeddarTech, Inc., LeiShen Intelligent Systems Co., Ltd., Luminar Technologies, Inc., Ouster, Inc., Phantom Intelligence, Phoenix LiDAR Systems, Quanergy Systems, Inc., Tetravue, Inc., Topcon Positioning Systems, Inc., and Velodyne LiDAR, Inc.
 

The LiDAR in mapping market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026 for the following segments:

By Platform

  • Drones
    • Fixed Wing Drones
    • Single Rotor drones
    • Multi Rotor Drones
  • Terrestrial
    • Stationary
    • Mobile      
  • Airborne
  • Handheld and backpack

By Component

  • Hardware
  • Software

By Application

  • Tunnel and Bridges
  • Construction & surveying
  • Agriculture and Forestry
  • Mining and Quarrying
  • Education
  • Environmental
  • Transport
  • Emergency Services

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

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

Frequently Asked Questions (FAQ) :

The market size of LiDAR in mapping was surpassed USD 900 million in 2019.
The industry share of LiDAR in mapping is poised to witness more than 25% CAGR from 2020 to 2026.
The market growth is attributed to growing demand for surveying & excavation activities across the world for various planning & mining applications.
Europe held a market share of over 20% in 2019 and will grow substantially to 2026 due to increase in demand for accurate 3D mapping for improved disaster management.
The fixed-wing drone is expected to grow at a CAGR of over 30% from 2020 to 2026 owing to ability to carry huge payloads for long distances with lesser power.
The transportation sector in North America is expected to grow at a CAGR of over 35% led by an increase in the adoption of autonomous vehicles across the globe.

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Premium Report Details

  • Published Date: Dec 2019
  • Pages: 290
  • Tables: 320
  • Charts / Figures: 26
  • Companies covered: 20
  • Countries covered: 23

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