LIDAR Market Studied Technology, Service, Component, and Application regions forecast period 2020-2027

Dec 04, 2020   Market Definition Global LIDARmarket studies about the current market situation and forecast progress of Light Detection and Ranging system across the globe. Light detection and ranging system is used as remote sensing method to scrutinize the earth surface and its demography. The LIDAR system use laser light pulses to measure the distance ranges to the earth. After the evaluation by the light pulses the data is integrated with other information collected from airborne assets to provide accura...
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Report Description

Market Definition

Global LIDARmarket studies about the current market situation and forecast progress of Light Detection and Ranging system across the globe. Light detection and ranging system is used as remote sensing method to scrutinize the earth surface and its demography. The LIDAR system use laser light pulses to measure the distance ranges to the earth. After the evaluation by the light pulses the data is integrated with other information collected from airborne assets to provide accurate geographic information of the location.

 The adoption of LIDAR systems amongst prominent sectors such as development of topographic maps and construction engineering, analysis and monitoring of shoreline data and water level in these reservoirs. Use in Disaster management services and in forestry applications coupled by integration in ADAS technology for automotive sector to provide multiple growth avenues for the market

Market Analysis

The global LIDARmarket is projected to witness a commendable CAGR of 19.27%during the forecast period 2020-2027. The global market size of LIDAR is estimated to stand at US$ 1.0 Billionby the end of 2019.The twofold growth of the market by the end of 2025 is attributed to the developments made in LIDAR system to improve its adoption and implementation for number of applications. The ability to perform automated processing and ability to provide more accurate results to help the market propel at a considerable pace over the years

Over the recent years, the immense rate of deforestation and frequent occurrences of bushfires and wildfires in deciduous forests and rainforests increased the concerns for analysis of vegetation in these forest to identify ecosystem characteristics of the region. LiDAR technology provides easy, efficient and more secured way to gain insights about accurate information and saves a lot of time and efforts required for manual assessment.

For instance, to study vegetation patterns LiDAR data is collected at the Sierra National Forest to analyze site named Soaproot Saddle by Airborne Observation Platform of the National Ecological Observatory Network. This data provided information about the geographic conditions in the region and has provided accurate data by using remote sensor technology

Use of LiDAR technology in navigation and GPS systems as well as its integration to elevate performance of newly developed Automotive Driver and Assistance System (ADAS) software to provide strong growth upsurge in the market

According to our analysis, automotive connected cars and application of ADAS in automotive vehicles is expected to register a striking growth in the forecast period. The market of ADAS systems is calculated at around 7.2 Billion by the end of 2020, subsequently use of LiDAR in camera based solutions and development of products considering the automotive sector requirements to provide noteworthy development for the market over the years

The development of products and effective 3D projections by the LiDAR systems is also help the consumers to explore the ability of these systems to project a VR landscape of the geographic topology which is expected to prove very effective in decision making in time of natural calamity or development of construction infrastructure in the remote locations.

Many manufacturers are manufacturing discrete and full form LiDARs to provide customers products as per their requirements. This availability of diverse product portfolio also attracting wide range of consumers towards the market. Additionally, 4D LiDAR systems are gaining considerable traction in the market. LiDAR system is replacing geographical mapping systems which use radio and sound waves based systems. The accurate and precise data generation, faster response rate, more detailed assessment are some of the benefits which are propelling the market further

The COVID -19 outbreak is expected to limit the market growth in the first half of the forecast period. The unstable financial conditions and high initial price of the LiDAR systems are the factors which are expected to restrain the demand for the market. The strong decline in the automotive sector, severely affected construction and real estate development business will also reduce the growth projections for the market.

Segment Analysis

By Application, Environment and forestry application to generate strong revenue share for the market making this segment the leader against the other applications. The increasing use of AI technology in cars and development of modern and high end vehicles to make automotive and ADAS application as a segment with high CAGR for the growth of the market across the globe

The entrance of many global technology providers in the LiDAR market will also increase the traction of customers towards the LiDAR solutions. The companies such as Trimble, Hexagon, Topcon, Valeo are increasing the product diversity, competition and availability of reliable products in the market. The enhanced surveying abilities and provide an collective analysis about the vegetation coverage over wide region, tree density in the forest and characteristics based on the type of trees and shrubs can be accessed easily with the use of LiDAR technology.  These characteristics and benefit of using LiDAR technology are expected to provide environment segment strong sales opportunities in the LiDAR market.

Regional Analysis

Market of North America is anticipated to cater considerable share in the market. Increasing adoption of LiDAR technology for the connected cars system and automotive sector as a whole is the main reason behind the strong share of North America in the global market. The adoption of LiDAR for the forestry analysis, urban mapping, construction and infrastructure are also contributing for development of market in the U.S. Thus, cementing the share of North America in the global market

Additionally, Asia Pacific region is identified as the region with ability to emerge as a fastest growing region owing to the market development in countries with numerous automotive manufacturing clusters such as India, Japan and China. The use of LiDAR for ADAS technology and for smart driving solutions is increasing the traction for LiDAR market due to requirements of automotive OEMs.

According to our analysis, North America is expected to sustain its prominence in the market over the forecast period. Whereas,Asia Pacific region to progress at a substantial pace outpacing the other regions in the LiDAR market.

Competitive Landscape

The LIDAR market is highly fragmented market owing to the high number of players in the global market.The wide spectrum of application of LiDAR systems are attracting numerous manufacturers to enter into the market further elevating degree of fragmentation. The manufacturing of LiDAR systems taking requirements of the end use applications into the consideration is the product strategy that many manufacturers are relying on to augment their share in the global market

Although,many start-ups are looking to solidify their footprints in the various regions there are certain global brands performing fairly in the global market. To reduce these competition factor and gain prominence in the market these players emphasize on acquisition and mergers of the potential companies operating in multiple regions. The mergers and acquisitions help these players to gain better market penetration, intellectual property rights and variety in the product portfolio. The customer base of the acquired company also consolidate towards the player thus strengthening the position of the company in the region and collectively in the overall market

The market fragmentation is also affecting the price breakdown of the LiDAR system in order to gain entry in the market and attract customer towards the products of the company many manufacturers are offering cost effective products to the consumers.

For instance, Waymo a subsidiary of Alphabet Inc. initiated its operations in 2017, has strated manufacturing of LiDAR sensors which will be offered at USD 7,500 instead of the conventional prices of USD 75,000 which will increase the price competition amongst manufacturers as other manufacturers will also look to match with offerings. This developments are subsequently help the market to soar new heights in the global market.

Global Vendors operating in the market of LIDAR are Trimble, Inc. (US), VelodyneLidar, Inc. (US), Sick AG (Germany), Valeo (France), Waymo(U.S.),TopCon(U.S.), Hexagon (Sweden), Teledyne Optech (Canada), RIEGL Laser Measurement Systems GmbH (Austria), Leosphere (Austria), Beijing SureStar Technology Co. Ltd. (China), Firmatek, LLC, Aerometric Surveys, among others.

Global LIDAR Market Segmentation

  • By Technology
    • 2D LiDAR
    • 3D LiDAR
    • 4D LiDAR
  • By service
    • Aerial surveying
    • Asset management
    • GIS services
    • Ground-based surveying
    • Other services
  • By component
    • Laser scanners
    • Navigation and positioning systems
    • Others
  • By application
    • Corridor mapping
    • Engineering
    • Environment
    • ADAS & driverless cars
    • Exploration
    • Urban planning
    • Cartography
    • Meteorology
    • Other applications

By Regions

  • North America
    • S.
    • Canada
    • Mexico
  • Europe
    • K
    • Italy
    • France
    • Spain
    • Germany
    • Rest of Europe
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • Egypt
    • South Africa
    • Rest of MEA
  • Asia-Pacific
    • India
    • China
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • South America
    • Columbia
    • Chile
    • Peru
    • Argentina
    • Rest of South America

Market Definition

Global LIDARmarket studies about the current market situation and forecast progress of Light Detection and Ranging system across the globe. Light detection and ranging system is used as remote sensing method to scrutinize the earth surface and its demography. The LIDAR system use laser light pulses to measure the distance ranges to the earth. After the evaluation by the light pulses the data is integrated with other information collected from airborne assets to provide accurate geographic information of the location.

 The adoption of LIDAR systems amongst prominent sectors such as development of topographic maps and construction engineering, analysis and monitoring of shoreline data and water level in these reservoirs. Use in Disaster management services and in forestry applications coupled by integration in ADAS technology for automotive sector to provide multiple growth avenues for the market

Market Analysis

The global LIDARmarket is projected to witness a commendable CAGR of 19.27%during the forecast period 2020-2027. The global market size of LIDAR is estimated to stand at US$ 1.0 Billionby the end of 2019.The twofold growth of the market by the end of 2025 is attributed to the developments made in LIDAR system to improve its adoption and implementation for number of applications. The ability to perform automated processing and ability to provide more accurate results to help the market propel at a considerable pace over the years

Over the recent years, the immense rate of deforestation and frequent occurrences of bushfires and wildfires in deciduous forests and rainforests increased the concerns for analysis of vegetation in these forest to identify ecosystem characteristics of the region. LiDAR technology provides easy, efficient and more secured way to gain insights about accurate information and saves a lot of time and efforts required for manual assessment.

For instance, to study vegetation patterns LiDAR data is collected at the Sierra National Forest to analyze site named Soaproot Saddle by Airborne Observation Platform of the National Ecological Observatory Network. This data provided information about the geographic conditions in the region and has provided accurate data by using remote sensor technology

Use of LiDAR technology in navigation and GPS systems as well as its integration to elevate performance of newly developed Automotive Driver and Assistance System (ADAS) software to provide strong growth upsurge in the market

According to our analysis, automotive connected cars and application of ADAS in automotive vehicles is expected to register a striking growth in the forecast period. The market of ADAS systems is calculated at around 7.2 Billion by the end of 2020, subsequently use of LiDAR in camera based solutions and development of products considering the automotive sector requirements to provide noteworthy development for the market over the years

The development of products and effective 3D projections by the LiDAR systems is also help the consumers to explore the ability of these systems to project a VR landscape of the geographic topology which is expected to prove very effective in decision making in time of natural calamity or development of construction infrastructure in the remote locations.

Many manufacturers are manufacturing discrete and full form LiDARs to provide customers products as per their requirements. This availability of diverse product portfolio also attracting wide range of consumers towards the market. Additionally, 4D LiDAR systems are gaining considerable traction in the market. LiDAR system is replacing geographical mapping systems which use radio and sound waves based systems. The accurate and precise data generation, faster response rate, more detailed assessment are some of the benefits which are propelling the market further

The COVID -19 outbreak is expected to limit the market growth in the first half of the forecast period. The unstable financial conditions and high initial price of the LiDAR systems are the factors which are expected to restrain the demand for the market. The strong decline in the automotive sector, severely affected construction and real estate development business will also reduce the growth projections for the market.

Segment Analysis

By Application, Environment and forestry application to generate strong revenue share for the market making this segment the leader against the other applications. The increasing use of AI technology in cars and development of modern and high end vehicles to make automotive and ADAS application as a segment with high CAGR for the growth of the market across the globe

The entrance of many global technology providers in the LiDAR market will also increase the traction of customers towards the LiDAR solutions. The companies such as Trimble, Hexagon, Topcon, Valeo are increasing the product diversity, competition and availability of reliable products in the market. The enhanced surveying abilities and provide an collective analysis about the vegetation coverage over wide region, tree density in the forest and characteristics based on the type of trees and shrubs can be accessed easily with the use of LiDAR technology.  These characteristics and benefit of using LiDAR technology are expected to provide environment segment strong sales opportunities in the LiDAR market.

Regional Analysis

Market of North America is anticipated to cater considerable share in the market. Increasing adoption of LiDAR technology for the connected cars system and automotive sector as a whole is the main reason behind the strong share of North America in the global market. The adoption of LiDAR for the forestry analysis, urban mapping, construction and infrastructure are also contributing for development of market in the U.S. Thus, cementing the share of North America in the global market

Additionally, Asia Pacific region is identified as the region with ability to emerge as a fastest growing region owing to the market development in countries with numerous automotive manufacturing clusters such as India, Japan and China. The use of LiDAR for ADAS technology and for smart driving solutions is increasing the traction for LiDAR market due to requirements of automotive OEMs.

According to our analysis, North America is expected to sustain its prominence in the market over the forecast period. Whereas,Asia Pacific region to progress at a substantial pace outpacing the other regions in the LiDAR market.

Competitive Landscape

The LIDAR market is highly fragmented market owing to the high number of players in the global market.The wide spectrum of application of LiDAR systems are attracting numerous manufacturers to enter into the market further elevating degree of fragmentation. The manufacturing of LiDAR systems taking requirements of the end use applications into the consideration is the product strategy that many manufacturers are relying on to augment their share in the global market

Although,many start-ups are looking to solidify their footprints in the various regions there are certain global brands performing fairly in the global market. To reduce these competition factor and gain prominence in the market these players emphasize on acquisition and mergers of the potential companies operating in multiple regions. The mergers and acquisitions help these players to gain better market penetration, intellectual property rights and variety in the product portfolio. The customer base of the acquired company also consolidate towards the player thus strengthening the position of the company in the region and collectively in the overall market

The market fragmentation is also affecting the price breakdown of the LiDAR system in order to gain entry in the market and attract customer towards the products of the company many manufacturers are offering cost effective products to the consumers.

For instance, Waymo a subsidiary of Alphabet Inc. initiated its operations in 2017, has strated manufacturing of LiDAR sensors which will be offered at USD 7,500 instead of the conventional prices of USD 75,000 which will increase the price competition amongst manufacturers as other manufacturers will also look to match with offerings. This developments are subsequently help the market to soar new heights in the global market.

Global Vendors operating in the market of LIDAR are Trimble, Inc. (US), VelodyneLidar, Inc. (US), Sick AG (Germany), Valeo (France), Waymo(U.S.),TopCon(U.S.), Hexagon (Sweden), Teledyne Optech (Canada), RIEGL Laser Measurement Systems GmbH (Austria), Leosphere (Austria), Beijing SureStar Technology Co. Ltd. (China), Firmatek, LLC, Aerometric Surveys, among others.

Global LIDAR Market Segmentation

  • By Technology
    • 2D LiDAR
    • 3D LiDAR
    • 4D LiDAR
  • By service
    • Aerial surveying
    • Asset management
    • GIS services
    • Ground-based surveying
    • Other services
  • By component
    • Laser scanners
    • Navigation and positioning systems
    • Others
  • By application
    • Corridor mapping
    • Engineering
    • Environment
    • ADAS & driverless cars
    • Exploration
    • Urban planning
    • Cartography
    • Meteorology
    • Other applications

By Regions

  • North America
    • S.
    • Canada
    • Mexico
  • Europe
    • K
    • Italy
    • France
    • Spain
    • Germany
    • Rest of Europe
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • Egypt
    • South Africa
    • Rest of MEA
  • Asia-Pacific
    • India
    • China
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • South America
    • Columbia
    • Chile
    • Peru
    • Argentina
    • Rest of South America