LiDAR Market is to Grow at a CAGR of 9.9% Over Forecast 2023-2030

LiDAR Market Scope 2023:

The automotive industry is expected to be the largest consumer of LiDAR technology due to the increasing demand for advanced driver assistance systems (ADAS) and autonomous vehicles. In addition, the use of LiDAR technology in applications such as geological surveys, construction, and forestry is also expected to contribute to the growth of the market.

North America is the largest market for LiDAR technology, followed by Europe and Asia Pacific. The presence of major LiDAR manufacturers, such as Velodyne Lidar Inc., Quanergy Systems, Inc., and Luminar Technologies, Inc., and the increasing adoption of autonomous vehicles in the region are the major factors driving the growth of the market in North America.

“LiDAR Market Size was valued at USD 2.08 billion in 2022, and is expected to reach USD 4.44 billion by 2030, and grow at a CAGR of 9.9% over the forecast period 2023-2030.”

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Major Key Players Analysis are covered In LiDAR Market are listed below:

Teledyne Optech
Leica Geosystems
RIEGL Laser Measurement
Beijing SureStar Technology
Geokno
Leddartech Inc
Trimble
FARO Technologies
Quantum Spatial
Velodyne Lidar
Phoenix LiDAR Systems
Quanergy Systems

In order to maximize industry clarity, the study provides comprehensive research solutions for strategic decision-making. It offers in-depth research together with precise projections and estimates. The report assesses potential and the state of the industry, and it provides information and updates on related market segments that will be active over the projected period. The leading players in the global LiDAR market are evaluated based on their market shares, recent advancements, new product releases, organisational structures, mergers and acquisitions, and the markets they serve.

COVID-19 Pandemic Impact Analysis

The research investigates and assesses the COVID-19 coronavirus’ effect on the LiDAR market, providing a comprehensive analysis and knowledgeable guidance on how to manage the post-COIVD-19 period. The data was acquired from both primary and secondary sources, and experts in the subject have reviewed it. The main sources are interviews with analysts, industry executives, suppliers, and distributors. Additionally, the secondary sources offer crucial document editing.

Market Segmentation

The LiDAR market research report analyses the market in-depth, including market shares and growth potential by product type, application, top manufacturers, significant regions, key nations, and yearly projections.

Major Segments and Sub-Segment of LiDAR Market are Listed Below:

BY TYPE

Mechanical
Solid-state

BY TECHNOLOGY

BY SERVICE

Aerial surveying
Asset management
GIS services
Ground-based surveying
Other services

BY COMPONENT

Laser Scanner
Navigation and positioning systems
Others

BY END-USE APPLICATION

Corridor mapping
Engineering
Environment
ADAS and Driverless Cars
Exploration
Urban Planning
Cartography
Meteorology
Other end-use applications

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In this study, the years considered to estimate the market Size Of LiDAR Are As Follows:

History Year: 2016-2020
Base Year: 2021
Estimated Year: 2022
Forecast Year 2022 to 2028

Regional Outlook

Market analysts, data analysts, and experts from linked industries analyze product values and regional markets based on corporate revenue and applications market, respectively, to produce a report on the LiDAR market. The study thoroughly examines the effects of these major trends and describes the prospects for growth in many fields and in light of how these trends will shape the market going forward.

Competitive Outlook

The focus of the LiDAR market research is on the major players and manufacturers as well as the most recent business strategies, including new product launches, alliances, joint ventures, technology, segmentation based on regional and industry competitiveness, profit and loss ratios, and investment recommendations.

Regional Analysis Covered in this report:

North America [United States, Canada]
Europe [Germany, France, U.K., Italy, Russia]
Asia-Pacific [China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia]
Latin America [Mexico, Brazil, Argentina]
Middle East & Africa [Turkey, Saudi Arabia, UAE]

Key Reasons to Purchase LiDAR Market

Every part of information is calculated from primary sources and verified from secondary sources, including percentage splits and breakdowns.
A complete examination of marketing tactics, market size, market share, growth rate, profit, and value chain.

Conclusion

The market research report offers crucial data on the competitive environment for manufacturers competing on the global LiDAR market for companies and individuals with an interest in the sector.

Table of Contents – Major Key Points

Introduction
Research Methodology
Market Dynamics
Impact Analysis
Value Chain Analysis
Porter’s 5 Forces Model
PEST Analysis
LiDAR Market Segmentation, By Type
LiDAR Market Segmentation, By Technology
LiDAR Market Segmentation, By Service
LiDAR Market Segmentation, By Component
LiDAR Market Segmentation, By End-Use Application
Regional Analysis
Company Profiles
Competitive Landscape
Conclusion

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