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LiDAR Market Size

  • Report ID: GMI421
  • Published Date: Sep 2022
  • Report Format: PDF
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LiDAR Market Size

Global LiDAR Market size valued at USD 2 billion in 2021 and is estimated to grow at over 25% CAGR through 2030.

 

Global LiDAR Market
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LiDAR system enables mapping professionals and scientists to study man-made and natural environments with high precision and flexibility. Scientists at the National Oceanic and Atmospheric Administration (NOAA), for instance, are using LiDAR to generate accurate shoreline maps, assist under emergency response missions, and create digital elevation models that can be used in geographic information systems.

 

LiDAR Market Report Attributes
Report Attribute Details
Base Year:2021
LiDAR Market Size in 2021:USD 2 billion
Forecast Period:2022 to 2030
Forecast Period 2022 to 2030 CAGR:25%
2030 Value Projection:USD 15 billion
Historical Data for:2018 to 2021
No. of Pages:290
Tables, Charts & Figures:410
Segments covered:Product, Type, Application
Growth Drivers:
  • Increasing demand for mapping
  • Growing demand for 3D imaging
  • Increasing adoption among environment & government applications
  • Advent of solid-state LiDAR technology
  • Deployment of LiDAR in UAVs
Pitfalls & Challenges:
  • Software development gap
  • Lack of standardization
Learn more about the key segments shaping this market
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Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size of Lidar was valued at USD 2 billion in 2021 and will depict more than 25% CAGR through 2030, says this GMI report.

The bathymetric LiDAR segment is expected to witness a growth rate of over 20% through 2030 owing to rising concerns around climate change.

The North America LiDAR market registered revenue of around USD 900 million in 2021 with the growing integration of LiDAR technology into U.S.-bound vehicles.

Key companies partaking in the LiDAR industry include Beijing SureStar Technology Co. Ltd., Innoviz Technologies Ltd, LeddarTech Inc., NV5 Inc. (Quantum Spatial), Trimble Inc., Vaisala (Leosphere), Valeo.

LiDAR Market Scope

  • LiDAR Market Size
  • LiDAR Market Analysis
  • LiDAR Market Share

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    • Base Year: 2021
    • Companies covered: 19
    • Tables & Figures: 410
    • Countries covered: 18
    • Pages: 290
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