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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) COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032

  • Report ID: GMI4461
  • Published Date: Nov 2022
  • Report Format: PDF

LiDAR in Mapping Market size exceeded USD 1.5 billion in 2022 and is projected to expand at over 25% CAGR from 2023 to 2032.
 

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Rising frequency of environmental disasters will positively influence the LiDAR in mapping industry. Several governments are deploying aerial LiDAR systems to survey disaster-prone regions, acquire relevant data and prepare strategies accordingly. Significant efforts and investments in disaster preparedness to reduce economic and social disruptions are expected to showcase lucrative opportunities for industry players.
 

Rising costs of resources to hinder market dynamics

High dependence on capital-intensive resources may impede the deployment of LiDAR systems across mapping applications. In order to use LiDAR in mapping, extensive resources such as LiDAR software, equipment, and skilled professionals are required. This suite of resources adds to burgeoning costs on a single project, restraining consumer interest in these applications. Additionally, LiDAR mapping is a time-consuming process, which further restricts deployment across infrastructure projects.
 

Complexity of disaster-prone regions to support deployment of drones

 The drone segment of the LiDAR in mapping market is estimated to record around 30% growth rate through 2032. Drones are recognized as the most promising platforms for LiDAR mapping due to their ability to facilitate aerial mapping and surveying. They are lightweight and compact tools that ensure stability, making a flight in difficult terrains and extreme weather conditions easier. An increasing number of adverse events and disasters is stimulating the need for LiDAR mapping for disaster and post-disaster assessment. Advancements in unmanned aerial vehicles (UAVs) will also improve LiDAR output with cost-effective, and faster accumulation of high-resolution data.
 

Fixed-wing drones to pick pace across high altitude mapping applications

The Fixed-wing drones held about 50% of the LiDAR in mapping market share in 2022. Rise in recreational activities and growing focus on high-quality aerial photography during mapping will enhance the need for fixed-wing drones. These drones have a wide range of commercial applications and are designed to ensure smoother flights by leveraging natural gliding capabilities. Fixed-wing drones are gaining momentum owing to their ability to fly faster than multirotor drones which allow these machines to cover longer distances. These equipment enable mapping at higher altitudes, as their gliding design can effectively sustain in thin air conditions.
 

Need for trucking and road information inventory to foster demand for mobile LiDAR devices

LiDAR in mapping market from the mobile segment is anticipated to exhibit more than 25% CAGR through 2032. Rapid penetration of mobile devices such as smartphones and increasing investments in the development of novel LiDAR solutions will complement industry growth. Mobile LiDAR refers to an archive of LiDAR point clouds across a moving platform. These devices include a series of LiDAR sensors mounted on any type of mobility system right from trains to boats. Mobile LiDAR is an effective mapping tool that uses laser scanning to identify roadway assets and understand related infrastructure accurately, quickly, and cost-effectively.
 

Advent of autonomous vehicles to fuel LiDAR mapping applications in transportation

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The Transport (autonomous cars) applications is poised to witness nearly 30% gains up to 2032. Over the last decade, both developed as well as developing nations have undergone dynamic urbanization and industrialization thus propelling the need for robust town planning. Several public and private organizations worldwide are heavily investing in autonomous mapping facilities to proliferate the integration of LiDAR in transportation and autonomous vehicles. Growing consumer interest in next-generation mobility solutions is encouraging automakers to develop innovative features such as distance mapping, night vision, and pedestrian detection systems.
 

High risk of climatic disasters to boost Europe market

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The Europe LiDAR in mapping market will capture approximately 20% of the industry share by 2032. Expanding data-intensive geological applications and growing demand for high-quality elevation information will consolidate industry expansion across Europe. The region supports technological advancements in the field of geology allowing accurate 3D modeling of landscapes. LiDAR mapping is helping EU countries including the UK and Germany with data needs for preparedness pertaining to disasters with the help of 3D models of river catchment areas.
 

In recent years, European countries have reported a surge in climatic hazards, accelerating the need for accurate and precise disaster management tools. For instance, in August 2022, Iceland reported a burst of nearly 4000 earthquakes in Reykjanes Peninsula, which increased the risk of a volcanic eruption in the country. The increasing requirement to raise the alert levels in such instances will assist higher adoption of LiDAR systems in the near future.
 

New product launches to define the competitive landscape

Some of the leading companies in the global LiDAR in mapping market include FARO Technologies, Inc., Argo AI, Velodyne LiDAR, Inc, Cepton Technologies, Inc., Innoviz Technologies Ltd., Phantom Intelligence, Hesai Technology, LeddarTech, Inc., Luminar Technologies, Inc., Ouster, Inc., Phoenix LiDAR Systems, Fugro N.V., Quanergy Systems, Inc., Leica Geosystems AG (Hexagon), Tetravue, Inc., Trimble Inc., LeiShen Intelligent Systems Co., Ltd., Topcon Positioning Systems, Inc., and Blickfeld GmbH. These companies are mainly focusing on product innovation and developments.
 

Impact of COVID-19 pandemic on business trends

The COVID-19 pandemic had a slightly positive impact on the business of LiDAR in mapping. The pandemic expedited the penetration of the internet of things (IoT) and sensors in the development of smart technologies and automation. Due to stringent lockdown impositions and social distancing norms across public space, the demand for LiDAR systems has picked pace. With unprecedented disruptions in the airport sector, operators shifted focus toward maintaining social distancing requirements by prioritizing queue management solutions. LiDAR provides accurate real-time data regarding people and objects. Airports rapidly deployed LiDAR in order to gain a comprehensive suite of data from a safe distance, showcasing significant demand for smart systems.
 

This market research report on the LiDAR in mapping includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments:

Market, By Platform

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

Market, By Component

  • Hardware
  • Software

Market, 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
    • Southeast Asia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • GCC
    • South Africa

 

Authors: Preeti Wadhwani, Smriti Loomba

Frequently Asked Questions (FAQ) :

The market size of LiDAR in mapping exceeded USD 1.5 billion in 2022 and is anticipated to record over 25% CAGR from 2023 to 2032, driven by the robust presence of favorable government initiatives
The drone segment is likely to exhibit around 30% growth rate through 2032 due to rapid deployment across complex terrains & disaster-prone areas.
The Europe LiDAR in mapping market is estimated to hold more than 20% of the market share by 2032 driven by a surging number of climatic hazards and increasing use of 3D technology in climate assessment.
Fugro N.V., Hesai Technology, LeddarTech, Inc., Ouster, Inc., Phantom Intelligence, Phoenix LiDAR Systems, Tetravue, Inc., Trimble Inc. are some of the major players in the market.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 19
  • Tables & Figures: 368
  • Countries covered: 18
  • Pages: 300
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