LiDAR Market by Type (Mechanical, Solid-state), Installation Type, Service (Aerial Surveying, GIS services), Application (Corridor Mapping, Environment, Engineering, ADAS & Driverless Cars), Component, Range, and Geography - Global Forecast to 2024

Published by MarketsandMarkets on 22nd November 2019 | Ref: 1464247 | This Product Is In Stock

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$4950 | Single User
$6650 | Multi User
$8150 | Corporate License
$10000 | Enterprise License

Introduction

“Rising adoption of LiDAR systems in UAVs to drive the growth of LiDAR market”


The LiDAR market is projected to grow from USD 844 million in 2019 to USD 2,273 million by 2024, recording a CAGR of 18.5% between 2019 and 2024. Rising adoption of LiDAR systems in UAVs, engineering, and construction applications; increasing use of LiDAR in geographical information systems (GIS) applications; and emergence of 4D LiDAR are the major factors driving the growth of the LiDAR market. However, safety threats related to UAVs and autonomous cars acts as a restraint for the market growth.


“Based on technology, 4D LiDAR to be the fastest-growing technology segment between 2019 and 2024”

The growth of 4D LIDAR is attributed to the widespread adoption of 4D LiDAR in applications such as ADAS, driverless cars, and robotics. Autonomous vehicles require detailed understanding regarding the physical world around them, which can be achieved using 4D LiDAR. The adoption of 4D LiDAR would help in gaining a high level of automation in self-driving cars, robots, and other autonomous systems.

“Based on installation type, ground-based LiDAR to be the fastest-growing installation type between 2019 and 2024”

Ground-based LiDAR scanning technology is widely used across a wide range of applications, such as mapping, engineering, environment, and meteorology. Ground-based LiDAR systems are either stationary or movable and are further segmented into static LiDAR and mobile LiDAR. Ground-based LiDAR is typically mounted on a tripod or placed on a moving platform, for example, vehicles. These systems are less costly as compared to airborne-LiDAR systems.

“Based on application, ADAS & driverless cars to be the fastest-growing application between 2019 and 2024”

The automotive industry is looking forward to autonomous vehicles and assisted technologies. Automotive companies are coming up with innovative technologies in advanced driver assistance systems (ADAS) using new and affordable sensors. Rising adoption of solid-state LiDAR in ADAS and driverless cars for assuring safety is expected to boost the market in the coming years. Moreover, automotive giants are adopting LiDAR systems for their L3 level vehicles, which is expected to have a positive impact on the sales of these vehicle types.

“APAC LiDAR market to record highest growth rate during forecast period”

The LiDAR market in the APAC region is expected to grow at the highest CAGR during the forecast period. The growth of this market can be attributed to the increase in surveying and mapping operations due to increasing infrastructural development, focus on forest management, and mining activities in the region. The increasing applications of airborne and ground-based LiDAR systems and the growing number of surveying and mapping activities in the region are anticipated to drive the demand for LiDAR in APAC.

In-depth interviews have been conducted with chief executive officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the LiDAR marketplace.

• By Company Type: Tier 1 – 52%, Tier 2 – 25%, and Tier 3 – 23%

• By Designation: C-Level Executives – 55%, Directors – 27%, and Managers – 18%

• By Region: North America – 40%, Europe – 20%, APAC – 28%, and RoW – 12%

Teledyne Technologies (US), Hexagon (Sweden), Trimble (US), FARO (US), RIEGL (Austria), SICK AG (Germany), Quantum Spatial (US), Beijing Beiketian Technology Co., Ltd. (China), Velodyne Lidar (US), and YellowScan (France) are some of the key players in the LiDAR market.

The study includes an in-depth competitive analysis of these key players in the LiDAR market, with their company profiles, recent developments, and key market strategies.

Research Coverage

The report defines, describes, and forecasts the LiDAR market based on component, type, installation type, range, service, technology, application, and region. It provides detailed information regarding factors such as drivers, restraints, opportunities, and challenges influencing the growth of the LiDAR market. It also analyzes product launches, acquisitions, expansions, and partnerships carried out by the key players to grow in the market.

Key Benefits of Buying the Report

This report will help market leaders/new entrants in this industry with information on the closest approximations of the revenue numbers for the overall LiDAR market and the subsegments. The report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report will also help stakeholders to understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

TABLE OF CONTENTS

1 INTRODUCTION 18

1.1 STUDY OBJECTIVES 18

1.2 MARKET DEFINITION AND SCOPE 19

1.3 STUDY SCOPE 20

1.4 CURRENCY 21

1.5 STAKEHOLDERS 21

2 RESEARCH METHODOLOGY 22

2.1 RESEARCH DATA 22

2.2 MARKET SIZE ESTIMATION 27

2.3 RESEARCH ASSUMPTIONS 28

3 EXECUTIVE SUMMARY 30

4 PREMIUM INSIGHTS 33

4.1 ATTRACTIVE OPPORTUNITIES IN LIDAR MARKET 33

4.2 LIDAR MARKET, BY APPLICATION AND COUNTRY 33

4.3 COUNTRY-WISE LIDAR MARKET GROWTH RATE 34

5 MARKET OVERVIEW 35

5.1 INTRODUCTION 35

5.2 MARKET DYNAMICS 35

construction applications 37

flash LiDAR, and other LiDAR technologies 39

6 LIDAR MARKET, BY TECHNOLOGY 41

6.1 INTRODUCTION 42

6.2 2D LIDAR 43

6.3 3D LIDAR 43

6.4 4D LIDAR 44

7 LIDAR MARKET, BY COMPONENT 45

7.1 INTRODUCTION 46

7.2 LASER SCANNERS 47

DETECT LIDAR DATA 47

7.3 NAVIGATION AND POSITIONING SYSTEMS 47

7.4 GPS 48

7.5 IMU 48

7.6 OTHERS 48

8 LIDAR MARKET, BY TYPE 49

8.1 INTRODUCTION 50

8.2 MECHANICAL 51

8.3 SOLID-STATE 51

9 LIDAR MARKET, BY INSTALLATION TYPE 52

9.1 INTRODUCTION 53

9.2 GROUND-BASED LIDAR 54

9.3 AIRBORNE LIDAR 61

10 LIDAR MARKET, BY RANGE 69

10.1 INTRODUCTION 70

10.2 SHORT 71

PROVIDE OPPORTUNITIES FOR SHORT-RANGE LIDAR 71

10.3 MEDIUM 71

DUE TO THE USE IN ENGINEERING AND ENVIRONMENT APPLICATIONS 71

10.4 LONG 72

MAPPING APPLICATIONS TO DRIVE THIS SEGMENT 72

11 LIDAR MARKET, BY SERVICE 73

11.1 INTRODUCTION 74

11.2 LIDAR DATA PROCESSING 74

11.3 AERIAL SURVEYING 76

11.4 ASSET MANAGEMENT 76

11.5 GIS SERVICES 77

11.6 GROUND-BASED SURVEYING 77

AT A FASTER PACE 77

11.7 OTHER SERVICES 77

12 LIDAR MARKET, BY APPLICATION 78

12.1 INTRODUCTION 79

12.2 CORRIDOR MAPPING 81

structure of terrains 82

12.3 ENGINEERING 83

12.4 ENVIRONMENT 84

make data-driven decisions 87

12.5 ADAS & DRIVERLESS CARS 87

12.6 EXPLORATION 88

12.7 URBAN PLANNING 89

12.8 CARTOGRAPHY 91

12.9 METEOROLOGY 91

12.10 OTHER APPLICATIONS 92

13 LIDAR MARKET, BY REGION 94

13.1 INTRODUCTION 95

13.2 NORTH AMERICA 96

13.3 EUROPE 103

during forecast period 105

during forecast period 107

13.4 APAC 112

robotics applications 117

13.5 REST OF THE WORLD 120

14 COMPETITIVE LANDSCAPE 122

14.1 OVERVIEW 122

14.2 MARKET RANKING ANALYSIS 123

14.3 COMPETITIVE LEADERSHIP MAPPING 126

15 COMPANY PROFILES 128

15.1 INTRODUCTION 128

15.2 KEY PLAYERS 128

(Business Overview, Products/Solutions Offered, Recent Developments, SWOT Analysis, and MnM View)*

* Business Overview, Products/Solutions Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.

15.3 RIGHT TO WIN 154

15.4 OTHER KEY PLAYERS 155

16 APPENDIX 161

16.1 DISCUSSION GUIDE 161

16.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 165

16.3 AVAILABLE CUSTOMIZATIONS 167

16.4 RELATED REPORTS 167

16.5 AUTHOR DETAILS 168

Additional Details

Publisher

MarketsandMarkets

Publisher Information

Reference

1464247 | SE 3281

Number of Pages

169

Report Format

PDF

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