LIDAR Market by Product (Terrestrial / Static, Aerial, Mobile, Short-range), and By Application (Corridor mapping, Seismology, Exploration and Detection ,Others), Industry Trends, Estimation & Forecast, 2016 - 2024

August 2017

 Pages: 115

 ERC 7905


LIDAR Market was valued at $332.2 million in 2016 and is projected to reach $1.4 billion by 2024, having a CAGR of 21.4 % from 2017 to 2024. Aerial LIDAR technology leads the market garnering a revenue of $182.5 million and growing with the highest growth rate, having a CAGR of 17.4% during the forecast period.

LIDAR, which stands for Light Detection and is a surveying and sensing method that measures various physical ranges by using the light in the form of pulsed laser. This measurement is done by targeting and illuminating an object with a pulsed laser light, and measuring the reflected pulses with a sensor. The sensor uses differences in the return time of laser and difference in wavelength to make digital 3D-representations of the target. LIDAR technology has found its application in various fields such as geomatics, archeology, forestry, defense and atmospheric physics. LIDAR technology is being largely adopted among autonomous cars in the current scenario, opening growth gateways for the market. LIDAR technology is highly capable in imaging the objects such as rocks, clouds, woods, rain and even other atmospheric entities by using ultraviolet and infrared light.

LIDAR Market Determinants

Since last two decades LIDAR technology has widely been upgraded by the improvisations in automated processing. This has emerged out as a major factor that is driving the growth of LIDAR market. Moreover, the advancement in the data processing technology over other surveying technologies is also fuelling the market growth. In addition to this, recent development in the automotive industry, such as autonomous cars and advanced driver assistance systems (ADAS) has brought up a steep surge for advanced 3D imaging technology. This eventually will boost the growth of LIDAR market globally. However, high cost, lack of technological awareness and complicates installation might act as restraining factors for the market growth. On the other hand, the never ending demand for upgraded automated vehicles and sensors will provide huge growth platform for the LIDAR system market.


LIDAR Market Segmentation

The global LIDAR market is segmented on the basis of type, components used, application, end user sectors and geography. By type, the market is segmented as terrestrial, aerial, mobile and short range are. On the basis of components, the LIDAR system market is segmented as a laser scanner, inertial navigation system, camera, GPS receiver and micro-electro-mechanical system. Corridor mapping, seismology, and exploration and detection purpose are some major application of LIDAR systems. By End-user, the market is categorized as, defense and aerospace, civil engineering, archaeology, forestry and agriculture, mining industry and transportation. On the basis of geography, the LIDAR market is segmented as North America, Europe, Asia-Pacific, and LAMEA.

Some of the key market players of the global LIDAR market are Airborne Hydrography AB, Leosphere SaS, Faro Technologies Inc., Leica Geosystems Inc. (Hexagon), 3D Laser Mapping Inc., Firmatek LLC, RIEGL Laser Measurement Systems GmbH, Aerometric Inc., Mira Solutions Inc., Optech Inc. (Teledyne Technologies), Quanergy Systems, Inc. The key market players are diverting their focus on new product launches, in order to expand their product portfolio and survive the market competition.

LIDAR Market Segmentation

By Product Type
• Terrestrial / Static
• Aerial
• Mobile
• Short-range

By Application
• Corridor mapping
• Seismology
• Exploration and detection
• Others

By Components
• Laser
• Inertial navigation system
• Camera
• Gps/Gnss receiver
• Micro Electro Mechanical System (MEMS)

By End-User
• Defense and aerospace
• Civil Engineering
• Archaeology
• Forestry and Agriculture
• Mining Industry
• Transportation

By Geography
• North America
• Europe
• Asia-Pacific
• Rest of World

LIDAR Market Key Players

• Velodyne
• IBEO automotive systems GmbH
• Hokuyo Automatic Co. Ltd.
• Airborne Hydrography AB
• Leosphere SaS
• Faro Technologies Inc.
• Leica Geosystems Inc. (Hexagon)
• 3D Laser Mapping Inc
• Firmatek LLC
• RIEGL Laser Measurement Systems GmbH
• Aerometric Inc.
• Optech Inc.
• Quanergy Systems, Inc
• Mira Solutions Inc.

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    What Information does this report contain?

    • What was the market size of the Global LIDAR Market in 2016 and the expected market size by 2024, along with the growth rate?
    • An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
    • Which are the largest revenue generating products, services or regions and their comparative growth rate?
    • Which technology is in trend and how would it evolve during the forecast period (2016 - 2024)?
    • Which are the leading companies in the Global LIDAR Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?

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