LiDAR Market Challenges and Future Technological Advances

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The LiDAR Market size was valued at USD 1.82 Billion in 2023 and the total LiDAR revenue is expected to grow at a CAGR of 19.74% from 2024 to 2030, reaching nearly USD 6.42 Billion by 2030.

Unlocking the Future of the LiDAR Market:

Maximize Market Research has published a comprehensive analysis of the LiDAR Market, revealing critical business insights and projections through 2030. This detailed report explores the current market dynamics, competitive landscape, and emerging opportunities across regions, giving you a front-row seat to the evolving LiDAR industry.

Forecasted Expansion of LiDAR Market:

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What's Inside the Report:

In-Depth Analysis & Segmentation

This report delves into every aspect of the LiDAR market, segmenting it by service category, company size, end-user sector, and geography. Using advanced methodologies like PORTER and PESTLE analyses, we examine drivers, challenges, and growth opportunities to provide you with an actionable view of the market landscape.

by Component

GPS
Navigation (IMU)
Laser Scanners
Mobile & UAV

The LiDAR market is divided into four segments based on component: GPS, Navigation (IMU), Laser Scanners, and Mobile & UAV. In order to provide a return signal strength that can help distinguish objects with varying reflectivities, laser scanners record an intensity value. A 2D point cloud created by LiDAR data from a laser scanner can be utilized for object and environment modeling, mapping, and localization. The market for laser scanners is anticipated to increase significantly throughout the projected period, with a compound annual growth rate (CAGR) of 15.2%. Over the course of the projection period, the LiDAR market is predicted to develop significantly as a result of lower laser technology costs that will allow 3D scanning to find new applications.


by Type

Mechanical LiDAR
Solid-State LiDAR


by Installation

Airborne
Ground-Based

The LiDAR market is divided into two segments based on installation: airborne and ground-based. The market, which is anticipated to rise at a compound annual growth rate (CAGR) of xx% over the projected years as more aerial mapping equipment is deployed, is anticipated to be dominated by the airborne segment. Photogrammetry is supplanted by aerial LiDAR as a precise and comprehensive method for creating digital elevation models. This technology offers a larger coverage area and better accuracy than its terrestrial counterparts. It makes it possible to map an area in greater detail in less time. On the ground, LiDAR systems can be either mobile or stationary.


by End-User

Defense and Aerospace
Civil Engineering
Archaeology
Forestry and Agriculture
Mining Industry
Transportation

Global & Regional Insights

Gain insights into the LiDAR market across North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The report examines each region’s growth patterns, demand fluctuations, and the macroeconomic factors shaping market trajectories.

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Competitive Edge:

Discover strategies of the key players in the LiDAR market and explore how they are navigating trends, expanding their portfolios, and capitalizing on emerging applications. From global leaders to regional influencers, this report provides a complete competitive analysis.

1. Leica Geosystems Holdings AG (Switzerland)
2. Teledyne Optech Inc. (Canada)
3. Quantum Spatial, Inc. (United States)
4. Faro Technologies, Inc. (United States)
5. Velodyne LiDAR, Inc. (United States)
6. Trimble, Inc. (United States)
7. RIEGL USA (United States)
8. Optech Inc. (Canada)
9. Geodigital (Canada)
10. Topcon Positioning Systems Inc. (United States)

Table of Content: LiDAR Market

Part 01: Executive Summary

Part 02: Scope of the LiDAR Market Report

Part 03: Global LiDAR Market Landscape

Part 04: Global LiDAR Market Sizing

Part 05: Global LiDAR Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Interested in market perspectives? Review the research report summary: https://www.maximizemarketresearch.com/market-report/global-lidar-market/15107/

Key Highlights:

Historical Market Data (2018-2022) 

Forecasts by Segment, Region, and Industry Application (2024-2030) 

SWOT Analysis, Value Chain Insights, and Growth Drivers 

Legal Aspects by Region and Emerging Opportunities 

Top Questions Answered:

What are the key growth drivers and trends in the LiDAR market?

Who are the major players, and how do they maintain a competitive edge?

What new applications are poised to revolutionize the LiDAR industry?

How will the LiDAR market grow in the coming years, and at what rate?

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