3D LiDAR Sensor Market is predicted to reach USD 2.4 Billion at a CAGR of 14.90% during the forecast period 2023-2032

Market Research Future (MRFR) has published the “Global 3D LiDAR Sensor Market”

that contains information from 2018 to 2032. The 3D LiDAR Sensor market is estimated to register a CAGR of 14.90% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global 3D LiDAR Sensor market— GEOSLAM, INFINEON TECHNOLOGIES AG, VAISALA, MITSUBISHI ELECTRIC CORPORATION, LEICA GEOSYSTEMS AG, VELODYNE LIDAR, INC., FARO TECHNOLOGIES INC., SICK AG, RAYMETRICS, LEDDARTECH, INC.

Market Highlights

The global 3D LiDAR sensor market is accounted to register a CAGR of 14.90% during the forecast period and is estimated to reach USD 2.4 Billion by 2032.

The market for 3D LiDAR sensors consists of the adoption and usage of Light Detection and Ranging (LiDAR) sensors that generate three-dimensional point clouds for object detection, mapping, and autonomous navigation. These sensors are used to improve perception and spatial awareness in the automotive, robotics, and environmental monitoring industries.

Segment Analysis

The global 3D LiDAR sensor market has been segmented based type, application, connectivity, and end user.

On the basis of type, the market is segmented into mechanical and solid state. Mechanical segment dominated the global market in 2022. This is so that it may easily be used to a variety of sectors and is commercial.

Based on application, the global 3D LiDAR sensor market has been segmented into navigation devices, advanced driver assistance system [ADAS], corridor mapping, seismology, security & surveillance, and others. Corridor mapping segment dominated the global 3D LiDAR Sensor market in 2022. The growth of the corridor mapping market is attributed to the rise in demand for LiDAR systems in network and infrastructure management services across a number of sector subdomains, including oil & gas, utilities, highways, railway, and others.

Based on connectivity, the global 3D LiDAR sensor market has been segmented into wired and wireless. Wired segment dominated the global 3D LiDAR sensor market in 2022. The demand for 3D LiDAR sensors in the automotive industry is driving this trend.

Based on end user, the global 3D LiDAR sensor market has been segmented into consumer electronics, aerospace & defense, automotive, transportation, healthcare, and others. Automotive segment dominated the global market in 2022. Due to the rising need for LiDAR systems in ADAS and autonomous car applications, this market is developing.

Regional Analysis

The global 3D LiDAR sensor market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe 3D LiDAR Sensor market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The 3D LiDAR Sensor market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World 3D LiDAR Sensor market comprises of Middle East, Africa, and Latin America.

From 2023 to 2032, the North American 3D LiDAR sensor market is anticipated to experience rapid expansion. A increase in new businesses, the usage of fundamental 3D and 4D imaging technologies, and the deployment of solidstate LiDAR systems in a variety of applications are all factors contributing to this expansion. Major players in this industry are making significant investments in a range of initiatives that will significantly expand the market for light detection and ranging. For example, "Google Car" is one of the quickly growing LiDAR-based businesses in the United States.

Moreover, in 2022, the 3D LiDAR sensor market in Europe held a sizable market share. Major corporations expanding their operations in developing nations like the UK, Germany, France, and other nations are to blame for this. The increased need for mechanical LiDAR in sectors including automotive, manufacturing, and industrial usage has led to a market expansion in this industry. The existence of important companies like Hexagon AB, Sick AG, Leosphere, and others has also facilitated the area's growth.

Additionally, the Asia Pacific 3D LiDAR sensor market dominated this market in 2022 (45.80%). Due to the rising need for LiDAR systems in the manufacturing and IT & telecommunication industries, this field is expanding. To develop and market superior LiDAR products, major competitors in this market are concentrating on forming alliances and mergers with other firms. Due to increased government and international investor investments, market expansion in nations like India and Korea is predicted to have an astounding CAGR throughout the projection period.

Furthermore, the rest of the world's 3D LiDAR sensor market is divided into the Middle East, Africa, and Latin America. The market for 3D LiDAR sensors in Latin America is growing as a result of the escalating demand for cutting-edge sensing technologies across sectors. Utilisations in transportation, agriculture, and urban planning are accelerating the uptake of 3D LiDAR sensors in the region. Due to the increasing focus on autonomous vehicles and smart city initiatives in the region, Latin America presents opportunities for suppliers of 3D LiDAR sensors.

Key Findings of the Study

• The global 3D LiDAR sensor market is expected to reach USD 2.4 Billion by 2032, at a CAGR of 14.90% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the increase in this field is due to the growing demand for LiDAR systems in the manufacturing and IT & telecommunication industries.


• Based on connectivity, the wired segment was attributed to holding the largest market in 2022.


• GEOSLAM, INFINEON TECHNOLOGIES AG, VAISALA, MITSUBISHI ELECTRIC CORPORATION, LEICA GEOSYSTEMS AG, VELODYNE LIDAR, INC., FARO TECHNOLOGIES INC., SICK AG, RAYMETRICS, LEDDARTECH, INC.