LiDAR Market Research Report - Forecast till 2030

LiDAR Market Research Report Information By Product Type (Airborne LiDAR, and Terrestrial LiDAR), By Type (Metal, Polymer, And Others), By Technology (1D, 2D, and 3D), By Component (Laser Scanner, Navigation & Positioning Systems, and Other Component), By Functional Areas (Engineering, and Corridor Mapping, Environment, ADAS & Driverless Car, Urban Planning, Cartography, Meteorology), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030.

ID: MRFR/SEM/1827-CR | 108 Pages | Published By Aarti Dhapte on February 2020         

LIDAR Market Speak to Analyst Request a Free Sample

Global LiDAR Market Overview:


LiDAR Market Size was valued at USD 1.18 billion in 2021. The LiDAR market industry is projected to grow from USD 1.44078 Billion in 2022 to USD 5.829178023 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 22.10% during the forecast period (2022 - 2030).Rising investment in LiDAR startups by automotive giants and technological shifts with the adoption of solid-state, MEMs, flash LiDAR, and others technology are the key market drivers enhancing market growth.
Global LiDAR Market Overview
 Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


LiDAR Market Trends



  • Rising demand of 3D imagery to boost market growth


Increasing demand for 3D imagery in application areas such as military and defense, topographic surveying, civil engineering, and corridor mapping is expected to boost the market growth during the forecast period. Textured 3D images are used in applications such as 3D mapping, urban planning, and corridor mapping. Installations of advanced security features are growing exponentially.


Further, Demand for 3D imaging is increasing in consumer, commercial, and government applications. LiDAR is used in numerous government applications. Planning and monitoring of activities related to road, rail, city and forest management. In the consumer market, LiDAR is recognized as an enabling technology for self-driving car concepts. In photogrammetry, LiDAR serves as an effective alternative to other technologies due to its accuracy and speed, driving the growth of the global market.


Automation of the LiDAR processing system involves a combination of scientific algorithmic calculations and cloud-based processing of acquired data points for advanced analysis. This algorithm enables the LiDAR system to detect target objects more accurately and efficiently. Additionally, some automated LiDAR processing systems select the appropriate algorithm based on the environment, while others allow users to interact and select their preferred algorithm. These properties make LiDAR more suitable for many applications, boosting its adoption worldwide and driving the market growth. Therefore, such automation related to LiDAR has enhanced the LiDAR market CAGR across the globe in recent years.


LiDAR Market Segment Insights:


LiDAR Type Insights


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.


October 2019: The lightweight airborne LiDAR for UAVs was introduced by RIEGL Laser Measurement Systems GmbH. This miniaturised UAV sensor is primarily used for UAV-based applications that require small object acquisition.


LiDAR Technology Insights


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.


June 2019: Teledyne Technologies Incorporated announced that imaging hardware and software from Teledyne Optech helped enable 3D spatial data acquisition and visual effects for HBO's hit series Game of Thrones.


Figure 2: LiDAR Market, by Technology, 2021 & 2030 (USD Billion)
LiDAR Market, by Technology, 2021 & 2030
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

LiDAR Component Insights


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.


December 2019: Pepperl+Fuchs introduced the R2300 multi-layer scanner, which used LiDAR laser technology to provide high measurement density. This initiative has further broadened the growth opportunity for the LiDAR industry.


LiDAR Functional Areas Insights


Based on functional areas, the global LiDAR industry has been segmented into engineering, and corridor mapping, environment, adas & driverless car, urban planning, cartography, meteorology. corridor mapping held the largest segment share in 2021, owing to the surging incorporation of LiDAR-based sensors in various automotive safety applications. Moreover, increasing initiatives to improve the technology, and the growing number of LiDAR adoption is expected to bolster at a CAGR of 3.17% during the assessed timeline.


The corridor mapping segment is expected to decline in market share during the projection period. The most popular technologies include low-speed collision avoidance systems and driver assistance systems. In addition, the integration of map-enabled systems opens up diverse application possibilities that lead to benefits such as driver assistance systems, lane departure warning systems, and alert front lighting systems enabled by integrated adaptive front lighting.


In recent years, driver assistance vehicles have gained a foothold in the market. These cars use cameras and LiDAR to capture their surroundings and avoid accidents. For example, in July 2019, California-based lidar technology company Velodyne Lidar Inc. announced that it had acquired location and mapping software from Mapper.ai, Inc. This initiative was intended to accelerate the production of the company's ADAS systems.


September 2021: Tower Semiconductor, an Israeli integrated circuit manufacturer, announced a breakthrough in LiDAR technologies for Advanced Driver Assistance Systems (ADAS) by developing LiDAR IC technology. This initiative has further broadened the growth opportunity for the LiDAR industry.


LiDAR Regional Insights


By Region, the study provides the market insights 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.


Figure 3: LiDAR Market SHARE BY REGION 2021 (%)
LiDAR Market SHARE BY REGION 2021
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

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


LiDAR Key Market Players & Competitive Insights


Major market players are spending a lot of money on R&D to increase their product lines, which will help the LiDAR market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the LiDAR industry must offer innovative technologies to expand and survive in an increasingly competitive and rising market environment.


One of the primary business strategies adopted by manufacturers in the global LiDAR industry to benefit clients and expand the market sector is to manufacture innovative solutions, which help consumers address changing technologies, business practices, and security needs. In recent years, LiDAR industry has provided advanced solutions to meet with some of the most significant benefits. The LiDAR market major player such as Trimble Inc. (US), Faro Technologies Inc. (US), Teledyne Technologies Inc. (US), Beike Tianhui Technology Co. Ltd (China), Hexagon AB (Sweden), and others are working to expand the market demand by investing in research and development activities.


Trimble Inc. is an US based software, hardware, and services technology company. It delivers products and services that connect the physical and digital worlds. Its technologies in positioning, modeling, connectivity and data analytics enable customers to improve productivity, quality, safety and sustainability. It offers its software, hardware and services in various industries such as agriculture, construction, geospatial and transportation. In July 2021, Trimble Inc. added the Trimble MX50 mobile mapping system for asset management and mapping to its existing mobile mapping portfolio. This vehicle-mounted mobile LiDAR system is a mid-tier option for mobile mapping users and experienced providers looking to expand their equipment fleet with precise, high-volume data capture technology that integrates with Trimble's geospatial software solutions.


Furthermore, Teledyne is a market leader in sophisticated instrumentation, digital imaging products and software, aerospace and defence electronics, and engineered systems. The majority of Teledyne's operations are based in the United States, the United Kingdom, Canada, and Western and Northern Europe. In October 2022, Teledyne Technologies Inc. announced the launch of Optech CLS-A, a new survey-grade UAV lidar and camera system. The Optech CLS-A enables the highest quality surveying and inspection applications where the tight integration of a powerful, narrow beam divergence laser, high accuracy IMU.


Key Companies in the LiDAR market includes


• Trimble Inc. (US)


• Faro Technologies Inc. (US)


• Teledyne Technologies Inc. (US)


• Beike Tianhui Technology Co. Ltd (China)


• Hexagon AB (Sweden)


• Quantum Spatial (US)


• YellowScan (France)


• RIEGL Laser Measurement Systems GmbH (Austria)


• Geokno India Pvt Ltd (India)


LiDAR Industry Developments


September 2021: YellowScan, a UAV LiDAR solution provider based in France, has announced the release of YellowScan Explorer. It could be mounted on a small human-piloted aircraft or transferred to various types of UAV platforms. It enabled end users to work on a variety of projects.


October 2019: The lightweight airborne LiDAR for UAVs was introduced by RIEGL Laser Measurement Systems GmbH. This miniaturised UAV sensor is primarily used for UAV-based applications that require small object acquisition.


July 2019: Velodyne Lidar Inc., a Lidar technology company based in California, announced the acquisition of localization and mapping software from Mapper.ai, Inc. This initiative aimed to increase the company's production of ADAS systems.


LiDAR Market Segmentation:


LiDAR Product Type Outlook




  • Airborne LiDAR




  • Terrestrial LiDAR




LiDAR Technology Outlook




  • 1D




  • 2D




  • 3D




LiDAR Component Outlook




  • Laser Scanner




  • Navigation & Positioning Systems




  • Other Component




LiDAR Functional Areas Outlook




  • Engineering




  • Corridor Mapping




  • Environment




  • ADAS & Driverless Car




  • Urban Planning




  • Cartography




  • Meteorology




LiDAR Regional Outlook




  • North America



    • US

    • Canada






  • Europe



    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe






  • Asia-Pacific




    • China




    • Japan




    • India




    • Australia




    • South Korea




    • Australia




    • Rest of Asia-Pacific






  • Rest of the World




    • Middle East




    • Africa




    • Latin America







Report Scope:

Report Attribute/Metric Details
Market Size 2021 USD 1.18 billion
Market Size 2022 USD 1.44 billion
Market Size 2030 USD 5.82 billion
Compound Annual Growth Rate (CAGR) 22.10% (2022-2030)
Base Year 2021
Market Forecast Period 2022-2030
Historical Data 2018 & 2020
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Product Type, Technology, Component, Functional Areas, and Region
Geographies Covered North America, Europe, Asia Pacific, and Rest of the World
Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Beike Tianhui Technology Co. Ltd (China), Hexagon AB (Sweden), and others
Key Market Opportunities Rising investment in LiDAR startups by automotive giants
Key Market Dynamics Technological shifts with the adoption of solid-state, MEMs, flash LiDAR, and other technology


Speak to Analyst Ask for Customization

Frequently Asked Questions (FAQ) :

The LiDAR Market size was valued at USD 1.18 Billion in 2021.

The global market is projected to grow at a CAGR of 22.10% during the forecast period, 2022-2030.

North America had the largest share in the global market

The key players in the market are Beike Tianhui Technology Co. Ltd (China), Hexagon AB (Sweden), and others .

The airborne Lidar category dominated the market in 2021.

The 3D technology had the largest share in the global market.