LiDAR Market is predicted to reach USD 5.82 billion at a CAGR of 22.10% during the forecast period

Market Research Future Published a Cooked Research Report on LiDAR Market Research Report.

MRFR recognizes the following companies as the key players in the global LiDAR Market — ABB Ltd., Beike Tianhui Technology Co. Ltd (China), Hexagon AB (Sweden), and others

Market Highlights

The global LiDAR Market is accounted to register a CAGR of 22.10% during the forecast period and is estimated to reach USD 5.82 billion by 2030.

the LiDAR (Light Detection and Ranging) market was experiencing significant growth and transformation across various industries. LiDAR technology, which uses laser pulses to measure distances and create precise 3D maps of environments, was finding applications in industries such as autonomous vehicles, robotics, agriculture, forestry, environmental monitoring, urban planning, archaeology, and more.

Segment Analysis

The global LiDAR Market has been segmented based Product Type, Technology, and Component.

The LiDAR Market segmentation, based on Product type, includes Airborne LiDAR, and Terrestrial LiDAR. The airborne LiDAR segment held the majority share in 2021 in respect to the LiDAR Market revenue. This is primarily owing to the increasing adoption of aerial mapping devices across the globe. The airborne LiDAR system replaces photogrammetry by producing precise and complete digital elevation models. Compared to terrestrial alternatives, this method provides more area coverage and does huge area mapping in less time.

The LiDAR Market segmentation, based on Technology, includes 1D, 2D, and 3D. The 3D technology segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. This is due to the3D imagery used in application areas such as military and defense, topographic surveying, civil engineering, and corridor mapping. Hence, rising applications of 3D technology for LiDAR positively impacts the market growth.

The LiDAR Market data has been bifurcated by Component into laser scanner, navigation & positioning systems, and other component. This is due to the rising adoption of Lidar components globally. Laser scanners are utilized to record capability values in order to provide a return signal strength that can be used to differentiate objects with varying reflectivity. LiDAR data from laser scanners is used in localization, mapping, and object and environment modelling.

Regional Analysis

The global LiDAR Market, based on region, has been divided into North America, Europe, Asia-Pacific and Rest of the World. North America LiDAR market accounted for USD 0.54 billion in 2021 and is expected to exhibit a significant CAGR growth during the study period. This is attributed to the increasing adoption of administrative regulations mandating the installation of specific automotive safety technologies in both lightweight and heavyweight vehicles across the region. Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Europe LiDAR market accounts for the second-largest market share due to the availability of cutting-edge treatment technoligies for the growth of the various industry, and increasing adoption of technologies such as ADAS and AEB. Further, the Germany LiDAR market held the largest market share, and the UK LiDAR market was the fastest-growing market in the European region

The Asia-Pacific LiDAR Market is expected to grow at the fastest CAGR from 2022 to 2030. This is due to wing to the rising investment by domestic and overseas players. For instance, in November 2021, Outer LiDAR collaborated with Kudan Inc. to expand its presence in Japan. Moreover, China LiDAR market held the largest market share, and the India LiDAR market was the fastest growing market in the Asia-Pacific region.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of LiDAR Market Research Report

Key Findings of the Study

• The global LiDAR Market is expected to reach USD 5.82 billion by 2030, at a CAGR of 22.10% during the forecast period.


• The Asia-Pacific LiDAR Market is expected to grow at the fastest CAGR from 2022 to 2030. This is due to wing to the rising investment by domestic and overseas players. For instance, in November 2021, Outer LiDAR collaborated with Kudan Inc. to expand its presence in Japan.


• The LiDAR Market segmentation, based on Product type, includes Airborne LiDAR, and Terrestrial LiDAR. The airborne LiDAR segment held the majority share in 2021 in respect to the LiDAR Market revenue.


• Beike Tianhui Technology Co. Ltd (China), Hexagon AB (Sweden), and others