LiDAR Market By Range (Short, Medium, and Long), By Application (Corridor Mapping, Engineering, Environment, and Others), By Region (North America, Europe, Asia Pacific, Middle East Africa, Latin America) – Global Forecast up to 2025

  • October, 2019
  • Domain: ICT - Social, Mobile, Analytics & Cloud (SMAC)
Pages: 73
Tables: 32
Charts: 29
Regions/Countries: 5/13
Companies: 10
Enquiry Hours: 10
  • Get Free 10% Customization in this Report

This market research report includes a detailed segmentation of the global light detection and ranging (LiDAR) market by range (short, medium, and long), by application (corridor mapping, engineering, environment, ADAS, and others), and by regions (North America, Europe, Asia Pacific, Middle East Africa, and Latin America). The market research report identifies Trimble, Velodyne LiDAR, Faro Technologies, Leica Geosystems, Geokno, Sick Ag, GeoDigital, Innoviz Technologies, Quantum Spatial, and Reigl Laser Measurement Systems as the market leaders operating in the global LiDAR market.

Overview of the LiDAR Market

Infoholic’s market research report predicts that the global LiDAR market will grow at a CAGR of more than 15% during the forecast period 2019–2025. The market for LiDAR is driven by the automotive industry with a heavy focus on the autonomous and connected driving experience.

The uses of LiDAR are realized by various industries, and it helps in measuring the distance between the objects using the illumination of the target object. The time taken by the rays to hit the target and return is measured to calculate the distance. LiDAR is widely being used in gauging elevations, navigation, and topology.

According to the Infoholic Research analysis, North America is anticipated to account for the largest share of the global LiDAR market in 2019. With a heavy focus of automobile industry on autonomous vehicles and level-3 or above cars, the adoption of LiDAR and RADAR systems is increasing for short-range and long-range object detection. Asia Pacific is expected to witness the fastest growth rate due to the increasing focus on connected vehicles rather than driverless cars in the region. The use of LiDAR through sensors in drones is expected to boost the LiDAR market. LiDAR vendors are partnering with several industries, including vegetation, archeology, mining, and gaming, among others.

LiDAR Market Research Competitive Analysis and Key Vendors

The report covers and analyzes the LiDAR market. The LiDAR system consists of a laser, scanner, and GPS receiver. The key players in the LiDAR market are adopting various organic as well as inorganic growth strategies such as collaborations & partnerships, joint ventures, and few other strategies to be in a strong position in the market.

Few of the Key Vendors in the LiDAR Market:

  • Trimble
  • Velodyne LiDAR
  • Faro Technologies
  • Leica Geosystems
  • Geokno

These companies are striving in the market sphere by acquiring clients across regions to stay ahead in the competitive world. For instance, Trimble acquired 3LOG Systems, a timber management software solutions vendor, to expand its forestry management and timber processing. Velodyne LiDAR acquired’s mapping and localization software to improve the ADAS of vehicles.

There are few other vendors that have been studied based on the portfolio, geographical presence, marketing & distribution channels, revenue generation, and significant investments in R&D for analysis of the entire ecosystem.

LiDAR Market Segmentation By Range

  • Short
  • Medium
  • Long

The short-range segment is the major contributor to the LiDAR market growth. The long-range segment is expected to grow at the highest CAGR during the forecast period 2019–2025.

LiDAR Market Segmentation By Application

  • Corridor Mapping
  • Engineering
  • Environment
  • Advanced Driver Assistance Systems (ADAS)
  • Others

The ADAS segment is estimated to hold the largest market share in 2019, and the trend will continue during the forecast period 2019–2025.

LiDAR Market Research Benefits

The report provides an in-depth analysis of the LiDAR market. LiDAR uses laser technology for industries that require to find elevation, depth, and proximity to the collision, among others. By analyzing the time taken by laser to reach the target and return back for laser emission, the distance is analyzed to map the object size and dimension. Vendors are focusing on the successful delivery of the requirements of different industries. LiDAR adoption is transforming the automotive industry toward safer and automated driving experience. It helps in land surveying, forestry & agriculture, mining, and transportation. The technology is evolving with better and dynamic uses of LiDAR systems. Also, many new vendors have emerged in the market offering custom requirements of industries and organizations. The report discusses the market in terms of range, application, and region. Furthermore, the report provides details about the major challenges impacting the market growth. LiDAR vendors are focusing on enhancing partner ecosystem across geographies to widen their reach and gain new customers. The LiDAR market growth is dependent on proper integration of hardware and software systems. The LiDAR market is matured now; however, it is receiving tremendous demand from the automobile sector, also compelling it to develop new products for safer driving experience. It also improves the integrated product offering of the vendors and would witness the emergence of several players with better usability for industries. The government needs to take major steps for improving infrastructure, thereby would lead more business customers of LiDAR systems. The development of better LiDAR systems would pave the way for the next-generation laser system to help in the identification of near and far off objects. The market is expected to witness high precision distance ranging and advanced safety provisions for vehicles with a connected approach.

1          Executive Summary

1.1     Synopsis of Key Findings

2          Industry Outlook

2.1     Industry Snapshot

2.1.1   Industry Overview

2.1.2   Industry Trends

3          Market Snapshot

3.1     Total Addressable Market

3.2     Segmented Addressable Market

3.2.1   PEST Analysis

3.2.2   Porter’s Five Force Analysis

3.3     Related Markets (Connected Logistics, Autonomous Vehicle Cars)

4          Market Characteristics

4.1     Market Evolution (Laser, Distracted Driving, Traffic)

4.1.1   Ecosystem

4.2     Market Trends and Impact

4.3     Market Segmentation

4.4     Market Dynamics

4.4.1   Market Drivers

4.4.2   Market Restraints

4.4.3   Market Opportunities

4.4.4   DRO – Impact Analysis

5          By Range – Market Size and Analysis

5.1     Overview

5.2     Short

5.3     Medium

5.4     Long

6          By Application – Market Size and Analysis

6.1     Overview

6.2     Corridor Mapping

6.3     Engineering

6.4     Environment

6.5     ADAS

6.6     Others

7          By Geography – Market Size and Analysis

7.1     Overview

7.2     North America

7.2.1   US

7.2.2   Canada

7.3     Europe

7.3.1   Germany

7.3.2   UK

7.3.3   France

7.3.4   Rest of Europe

7.4     Asia Pacific

7.4.1   China 

7.4.2   Australia

7.4.3   Japan

7.4.4   India

7.4.5   Rest of APAC

7.5     Middle East Africa

7.5.1   South Africa

7.5.2   UAE

7.5.3   Rest of MEA

7.6     Latin America

7.6.1   Brazil

7.6.2   Mexico

7.6.3   Rest of Latin America

8          Competitive Landscape

8.1     Competitor Analysis

8.2     Product/Offerings Portfolio Analysis

8.3     Market Developments

8.3.1   Mergers & Acquisitions (M&A), Expansions, and Partnerships

8.3.2   Business Restructuring

8.3.3   Product Launches & Exhibitions

9          Vendors Profile

9.1     Trimble        

9.2     Velodyne LiDAR

9.3     Faro Technologies

9.4     Leica Geosystems

9.5     Geokno

9.6     Sick AG

9.7     Geodigital

9.8     Innoviz Technologies

9.9     Quantum Spatial

9.10    Reigl Laser Measurement Systems

10        Annexure

10.1    Report Scope

10.2    Market Definition

10.3    Research Methodology

10.3.1 Data Collation & In-house Estimation

10.3.2 Market Triangulation

10.3.3 Forecasting

10.4    Study Declarations

10.5    Report Assumptions

10.6    Stakeholders 

10.7    Abbreviations

Research Framework

Infoholic research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

  • Data Collation (Primary & Secondary)
  • In-house Estimation (Based on proprietary data bases and Models)
  • Market Triangulation
  • Forecasting

Market related information is congregated from both primary and secondary sources.

Primary sources

involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.

Secondary sources

include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.

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