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LiDAR Market Growth: Driven by Autonomous Vehicles and 3D Mapping

LiDAR Market Overview

The Global LiDAR Market is expected to grow at a high CAGR of 20.1% during the forecasting period (2023-2030). LiDAR is an industrial system designed to transfer thermal energy from one fluid to another without actual mixing of two substances. These devices are used in heating, cooling, air conditioning, and other applications. Competitive rivalry intensifies SICK AG, Hokuyo Automatic Co. Ltd., VelodyneLidar Inc., and others operating in the market.

LiDAR Market Dynamics

LiDAR is a powerful technology that is used in a variety of applications, including military and defense. In the military, LiDAR is used for 3D imaging, aerial surveying, and target acquisition. LiDAR-equipped UAVs (unmanned aerial vehicles) are used to gather intelligence and conduct operations. LiDAR is also used to create accurate 3D models of terrain, objects, and people. This information can be used for planning operations, targeting, and training.

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LiDAR is a disruptive technology that is changing the way militaries operate. It is making it possible to gather intelligence, conduct operations, and train soldiers in ways that were not possible before. As LiDAR technology continues to improve, it will become even more important for the military and defense.

LiDAR Market Segmentation Analysis

By Component

  • Laser Scanners
  • Navigation
  • MEMS
  • GPS GNSS Receiver
  • Camera
  • Others

By Product

  • Aerial
  • Terrestrial
  • Mobile
  • Short Range
  • Others

By Type

  • Sold State
  • Pure Play
  • Mechanical

By Application

  • Corridor Mapping
  • Engineering
  • Environment
  • ADAS & Driverless Cars
  • Exploration
  • Others

By End-User

  • Aerospace and Defence
  • Civil Engineering
  • Archaeology
  • Forestry & Agriculture
  • Mining
  • Automotive and Commercial Transportation
  • Others

By Region

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East and Africa

Major Companies Covered

Hokuyo Automatic Co. Ltd, VelodyneLidar Inc., Quanergy, Pheonix Aerial Systems, Quantum Spatial, Airborne Imaging, FARO Technologies, Inc., GeoDigital, Leica Geosystems AG, Trimble Inc., 3D Laser Mapping, Avent LiDAR Technology, Opsys-Tech.

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