LiDAR Market Overview

In recent times, there has been a rapid and substantial growth in the LiDAR Market and experts predict that this trend will persist throughout the projected period from 2021 to 2029. The objective of this study is to uncover the principal drivers propelling the expansion of the LiDAR market and explore strategies to harness these drivers for advantageous outcomes. Additionally, it underscores the potential constraints that could impede market growth, empowering proactive measures to mitigate them before they evolve into significant barriers. The report also delves into opportunities arising from external factors such as shifting consumer behaviors and market dynamics. A comprehensive comprehension of these pivotal elements is crucial for unlocking the full potential of the LiDAR market and capitalizing on favorable circumstances.

Market Values:

LiDAR Market was worth US$ 1.59 Bn. in 2022 and total revenue is expected to grow at a rate of 20.7 % CAGR from 2022 to 2029, the LiDAR Market is reaching almost US$ 5.95 Bn. in 2029.

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LiDAR Market Scope

The LiDAR Market has recently undergone rapid and substantial growth, and experts anticipate the continuation of this upward trajectory from 2021 to 2029. This study endeavors to identify the pivotal drivers shaping the LiDAR market and provides strategies for leveraging these factors to one's benefit. Additionally, it sheds light on potential obstacles to market expansion, empowering companies to proactively address and mitigate them before they escalate into significant impediments. The document also explores potential opportunities arising from external sources like evolving consumer behaviors and shifts in business dynamics. A comprehensive understanding of these propelling forces is imperative to fully unlock the potential of the LiDAR industry and capitalize on favorable circumstances.

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Segmentation

The market is divided into four components: GPS, Navigation (IMU), Laser Scanners, and Mobile & UAV. Laser scanners are used to record an intensity value in order to generate a return signal strength that can be utilized to distinguish between objects with various reflectivities.

The market is divided by Application into Corridor Mapping, ADAS & Driverless Car, Engineering, and Others. The popularity of the corridor mapping application is predicted to grow moderately, but its overall market share will decline. Low-speed collision prevention systems and driver assistance systems are projected to be among the most popular technologies.

by Component

GPS
Navigation (IMU)
Laser Scanners
Mobile & UAV
by Type

Mechanical LiDAR
Solid-State LiDAR
by Installation

Airborne
Ground-Based
by Image Projection 3D
2D

Key Players
1. Leica Geosystems Holdings AG
2. Teledyne Optech Inc.
3. Quantum Spatial, Inc.
4. Faro Technologies, Inc.
5. Velodyne LiDAR, Inc.
6. Sick AG
7. Geokno
8. Trimble, Inc.
9. RIEGL USA
10.YellowScan
11.Beijing Surestar Technology
12.Optech Inc.
13.Geodigital
14.Topcon Positioning Systems Inc.
15.Denso
16.Trimble, Inc. (US)
17.HEXAGON,
18.SICK AG
19.Trimble Inc.
20.Phoenix LiDAR Systems
21.LeddarTech Inc.
22.Quanergy Systems, Inc.
23.Innoviz Technologies Ltd.
24.ZX Lidars
25.Vaisala
26.Waymo LLC

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Table of content for LiDAR Market includes:

1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives
1.4. Key Questions Answered

2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations Used
2.3. Research Methodology

3. Executive Summary
3.1. Global LiDAR Market Size, by Market Value (US$ Mn) and Market, by Region

4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.3. Drivers and Restraints Snapshot Analysis
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.3.4. Porter’s Analysis
4.3.5. Value Chain Analysis
4.3.6. SWOT Analysis
4.3.7. Key Trends in Global LiDAR Market

Regional Analysis

The presented document provides an extensive evaluation of the expansion trends within the worldwide market for LiDAR. Emphasis is placed on pivotal regions that wield substantial global impact, namely North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. The document scrutinizes a range of vital markers, including consumption volumes, production facilities and quantities, import-export assessments, price trajectory analysis, raw material costs, and value chain investigation. These markers hold pivotal significance in predicting the trajectory of the LiDAR market in individual countries and furnish invaluable perspectives into its dynamic nature.

Key Questions answered in the LiDAR Market Report are:

What is LiDAR Market?
What is the forecast period of the LiDAR Market?
What is the competitive scenario of the LiDAR market?
Which region held the largest market share in the LiDAR Market?
What are the opportunities for the LiDAR Market?
What are the restraining factors in the LiDAR market?
Who are the key players of the LiDAR market?
Key offerings:

Market Share, Size, and Forecast by Revenue|2022-2029
Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
Market Segmentation: A detailed analysis by LiDAR Market.
Landscape- Leading key players and other prominent key players.
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