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LiDAR Market By Type, Component, Application and End User: Global Opportunity Analysis and Industry Forecast, 2020-2027

  • ID: 5118763
  • Report
  • April 2020
  • Region: Global
  • 310 Pages
  • Allied Analytics LLP

FEATURED COMPANIES

  • Aerometric Survey
  • Faro Technologies Inc.
  • Firmatek LLC
  • Leica Geosystems AG
  • Leosphere SAS
  • Mira Solutions Inc.
The global LiDAR market possesses a high growth potential, owing to the increase in demand in 3D imaging and newer applications. LiDAR is an emerging technology that helps to capture high-definition 3D data of geospatial surfaces. Innovations in the laser technology help to bring price corrections in LiDAR products. Simultaneously, changes in demands and preferences of the urban population unveil newer LiDAR applications apart from conventional military applications. The sophistication of 3D imaging technology leads to increased corridor mapping activities by the LiDAR systems.

However, automobile and the internet of Things (IoT) emerge as lucrative areas for investments. Driverless cars are the strategically addressed application by some of the tech-leaders, which depend on LiDAR technology. With the launch of Google cars, Apple initiated its project of developing automated cars. Such projects are expected to generate additional demand for LiDAR devices after their commercial success. Another important application that is projected to drive the LiDAR market growth is smart appliances in smart homes or offices.

The key players in the LiDAR market that are analyzed in the report are Velodyne, Airborne Hydrography AB, Leosphere SAS, Faro Technologies Inc., Leica Geosystems AG, GeoSLAM Ltd. (3D Laser Mapping), Firmatek, LLC, RIEGL Laser Measurement Systems GmbH, Mira Solutions, Inc., and Aerometric Surveys. These key players have adopted various strategies such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to increase their market penetration and strengthen their position in the industry.

Key Benefits For Stakeholders:
  • This report provides an extensive analysis of the current and emerging market trends and dynamics in the global LiDAR market.
  • In-depth analysis is conducted by global LiDAR market estimations for the key market segments between 2019 and 2027.
  • Extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
  • Key players are profiled, and their strategies are analyzed thoroughly to understand the competitive outlook of the global LiDARmarket.

LiDAR Market Key Segments:

By Type
  • Terrestrial
  • Aerial
  • Mobile
  • Short Range

By Component
  • LASER
  • Inertial Navigation System
  • Camera
  • GPS GNSS Receiver
  • MEMS

By Application
  • Corridor Mapping
  • Seismology
  • Exploration &Detection
  • Others

By Application
  • Defense &Aerospace
  • Civil Engineering
  • Archaeology
  • Forestry &Agriculture
  • Mining
  • Transportation

By Region
  • North America
  • U.S.
  • Mexico
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players
  • Velodyne
  • Airborne Hydrography AB
  • Leosphere SAS
  • Faro Technologies Inc.
  • Leica Geosystems AG
  • GeoSLAM Ltd. (3D Laser Mapping)
  • Firmatek, LLC
  • RIEGL Laser Measurement Systems GmbH
  • Mira Solutions, Inc.
  • Aerometric Surveys
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Aerometric Survey
  • Faro Technologies Inc.
  • Firmatek LLC
  • Leica Geosystems AG
  • Leosphere SAS
  • Mira Solutions Inc.

Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models
Chapter 2: Executive Summary
2.1. Key Findings
2.1.1. Top Impacting Factors
2.1.2. Top Investment Pockets
2.2. Cxo Perspective
Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Forces Shaping Lidar Market
3.3. Market Dynamics
3.3.1. Drivers
3.3.1.1. Automated Processing in Lidar Systems
3.3.1.2. Enhanced Performance of Lidar Systems Than Other Technologies
3.3.1.3. Rise in Demand for 3D Imaging
3.3.1.4. Surge in Need for Aerial Lidar
3.3.2. Restraint
3.3.2.1. Lack of Awareness
3.3.3. Opportunity
3.3.3.1. Increase in Need for Lidar-Captured Data in Newer Applications
Chapter 4: Lidar Market, by Type
4.1. Overview
4.2. Terrestrial
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Market Analysis by Country
4.3. Aerial
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market Analysis by Country
4.4. Mobile
4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Size and Forecast, by Region
4.4.3. Market Analysis by Country
4.5. Short Range
4.5.1. Key Market Trends, Growth Factors, and Opportunities
4.5.2. Market Size and Forecast, by Region
4.5.3. Market Analysis by Country
Chapter 5: Lidar Market, by Component
5.1. Overview
5.2. Laser
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast, by Region
5.2.3. Market Analysis by Country
5.3. Inertial
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Market Analysis by Country
5.4. Camera
5.4.1. Key Market Trends, Growth Factors, and Opportunities
5.4.2. Market Size and Forecast, by Region
5.4.3. Market Analysis by Country
5.5. Gps Gnss
5.5.1. Key Market Trends, Growth Factors, and Opportunities
5.5.2. Market Size and Forecast, by Region
5.5.3. Market Analysis by Country
5.6. Micro-Electro Mechanical System (Mems)
5.6.1. Key Market Trends, Growth Factors, and Opportunities
5.6.2. Market Size and Forecast, by Region
5.6.3. Market Analysis by Country
Chapter 6: Lidar Market, by Application
6.1. Overview
6.2. Corridor Mapping
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, by Region
6.2.3. Market Analysis by Country
6.3. Seismology
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, by Region
6.3.3. Market Analysis by Country
6.4. Exploration & Detection
6.4.1. Key Market Trends, Growth Factors, and Opportunities
6.4.2. Market Size and Forecast, by Region
6.4.3. Market Analysis by Country
6.5. Others
6.5.1. Key Market Trends, Growth Factors, and Opportunities
6.5.2. Market Size and Forecast, by Region
6.5.3. Market Analysis by Country
Chapter 7: Lidar Market, by End-user
7.1. Overview
7.2. Defense & Aerospace
7.2.1. Key Market Trends, Growth Factors, and Opportunities
7.2.2. Market Size and Forecast, by Region
7.2.3. Market Analysis by Country
7.3. Civil Engineering
7.3.1. Key Market Trends, Growth Factors, and Opportunities
7.3.2. Market Size and Forecast, by Region
7.3.3. Market Analysis by Country
7.4. Archaeology
7.4.1. Key Market Trends, Growth Factors, and Opportunities
7.4.2. Market Size and Forecast, by Region
7.4.3. Market Analysis by Country
7.5. Forestry & Agriculture
7.5.1. Key Market Trends, Growth Factors, and Opportunities
7.5.2. Market Size and Forecast, by Region
7.5.3. Market Analysis by Country
7.6. Mining
7.6.1. Key Market Trends, Growth Factors, and Opportunities
7.6.2. Market Size and Forecast, by Region
7.6.3. Market Analysis by Country
7.7. Transportation
7.7.1. Key Market Trends, Growth Factors, and Opportunities
7.7.2. Market Size and Forecast, by Region
7.7.3. Market Analysis by Country
Chapter 8: Lidar Market, by Region
8.1. Overview
8.2. North America
8.2.1. Key Market Trends, Growth Factors, and Opportunities
8.2.2. Market Size and Forecast, by Type
8.2.3. Market Size and Forecast, by Component
8.2.4. Market Size and Forecast, by Application
8.2.5. Market Size and Forecast, by End-user
8.2.6. Market Analysis, by Region
8.2.6.1. U. S.
8.2.6.1.1. Market Size and Forecast, by Type
8.2.6.1.2. Market Size and Forecast, by Component
8.2.6.1.3. Market Size and Forecast, by Application
8.2.6.1.4. Market Size and Forecast, by End-user
8.2.6.2. Canada
8.2.6.2.1. Market Size and Forecast, by Type
8.2.6.2.2. Market Size and Forecast, by Component
8.2.6.2.3. Market Size and Forecast, by Application
8.2.6.2.4. Market Size and Forecast, by End-user
8.2.6.3. Mexico
8.2.6.3.1. Market Size and Forecast, by Type
8.2.6.3.2. Market Size and Forecast, by Component
8.2.6.3.3. Market Size and Forecast, by Application
8.2.6.3.4. Market Size and Forecast, by End-user
8.3. Europe
8.3.1. Key Market Trends, Growth Factors, and Opportunities
8.3.2. Market Size and Forecast, by Type
8.3.3. Market Size and Forecast, by Component
8.3.4. Market Size and Forecast, by Application
8.3.5. Market Size and Forecast, by End-user
8.3.6. Market Analysis, by Region
8.3.6.1. Germany
8.3.6.1.1. Market Size and Forecast, by Type
8.3.6.1.2. Market Size and Forecast, by Component
8.3.6.1.3. Market Size and Forecast, by Application
8.3.6.1.4. Market Size and Forecast, by End-user
8.3.6.2. France
8.3.6.2.1. Market Size and Forecast, by Type
8.3.6.2.2. Market Size and Forecast, by Component
8.3.6.2.3. Market Size and Forecast, by Application
8.3.6.2.4. Market Size and Forecast, by End-user
8.3.6.3. UK
8.3.6.3.1. Market Size and Forecast, by Type
8.3.6.3.2. Market Size and Forecast, by Component
8.3.6.3.3. Market Size and Forecast, by Application
8.3.6.3.4. Market Size and Forecast, by End-user
8.3.6.4. Rest of Europe
8.3.6.4.1. Market Size and Forecast, by Type
8.3.6.4.2. Market Size and Forecast, by Component
8.3.6.4.3. Market Size and Forecast, by Application
8.3.6.4.4. Market Size and Forecast, by End-user
8.4. Asia-Pacific
8.4.1. Key Market Trends, Growth Factors, and Opportunities
8.4.2. Market Size and Forecast, by Type
8.4.3. Market Size and Forecast, by Component
8.4.4. Market Size and Forecast, by Application
8.4.5. Market Size and Forecast, by End-user
8.4.6. Market Analysis, by Region
8.4.6.1. China
8.4.6.1.1. Market Size and Forecast, by Type
8.4.6.1.2. Market Size and Forecast, by Component
8.4.6.1.3. Market Size and Forecast, by Application
8.4.6.1.4. Market Size and Forecast, by End-user
8.4.6.2. Japan
8.4.6.2.1. Market Size and Forecast, by Type
8.4.6.2.2. Market Size and Forecast, by Component
8.4.6.2.3. Market Size and Forecast, by Application
8.4.6.2.4. Market Size and Forecast, by End-user
8.4.6.3. India
8.4.6.3.1. Market Size and Forecast, by Type
8.4.6.3.2. Market Size and Forecast, by Component
8.4.6.3.3. Market Size and Forecast, by Application
8.4.6.3.4. Market Size and Forecast, by End-user
8.4.6.4. Rest of Asia-Pacific
8.4.6.4.1. Market Size and Forecast, by Type
8.4.6.4.2. Market Size and Forecast, by Component
8.4.6.4.3. Market Size and Forecast, by Application
8.4.6.4.4. Market Size and Forecast, by End-user
8.5. LAMEA
8.5.1. Key Market Trends, Growth Factors, and Opportunities
8.5.2. Market Size and Forecast, by Type
8.5.3. Market Size and Forecast, by Component
8.5.4. Market Size and Forecast, by Application
8.5.5. Market Size and Forecast, by End-user
8.5.6. Market Analysis, by Region
8.5.6.1. Latin America
8.5.6.1.1. Market Size and Forecast, by Type
8.5.6.1.2. Market Size and Forecast, by Component
8.5.6.1.3. Market Size and Forecast, by Application
8.5.6.1.4. Market Size and Forecast, by End-user
8.5.6.2. Middle East
8.5.6.2.1. Market Size and Forecast, by Type
8.5.6.2.2. Market Size and Forecast, by Component
8.5.6.2.3. Market Size and Forecast, by Application
8.5.6.2.4. Market Size and Forecast, by End-user
8.5.6.3. Africa
8.5.6.3.1. Market Size and Forecast, by Type
8.5.6.3.2. Market Size and Forecast, by Component
8.5.6.3.3. Market Size and Forecast, by Application
8.5.6.3.4. Market Size and Forecast, by End-user
Chapter 9: Competitive Landscape
9.1. Introduction
9.2. Top Winning Strategies
9.2.1. Top Winning Strategies, by Year
9.2.2. Top Winning Strategies, by Development
9.2.3. Top Winning Strategies, by Company
Chapter 10: Company Profiles
10.1. Velodyne
10.1.1. Company Overview
10.1.2. Key Executive
10.1.3. Company Snapshot
10.1.4. Product Portfolio
10.1.5. Key Strategic Moves and Developments
10.2. Airborne Hydrography Ab
10.2.1. Company Overview
10.2.2. Key Executive
10.2.3. Company Snapshot
10.2.4. Operating Business Segments
10.2.5. Product Portfolio
10.2.6. Business Performance
10.2.7. Operating Segment
10.3. Leosphere Sas
10.3.1. Company Overview
10.3.2. Company Snapshot
10.3.3. Operating Business Segments
10.3.4. Product Portfolio
10.3.5. Business Performance
10.3.6. Key Strategic Moves and Developments
10.4. Faro Technologies Inc.
10.4.1. Company Overview
10.4.2. Company Snapshot
10.4.3. Operating Business Segments
10.4.4. Product Portfolio
10.4.5. Business Performance
10.4.6. Key Strategic Moves and Developments
10.5. Leica Geosystems AG
10.5.1. Company Overview
10.5.2. Key Executives
10.5.3. Company Snapshot
10.5.4. Product Portfolio
10.6. Geoslam Ltd. (3D Laser Mapping)
10.6.1. Company Overview
10.6.2. Key Executive
10.6.3. Company Snapshot
10.6.4. Product Portfolio
10.6.5. Key Strategic Moves and Developments
10.7. Firmatek, LLC
10.7.1. Company Overview
10.7.2. Key Executive
10.7.3. Company Snapshot
10.7.4. Product Portfolio
10.8. Riegl Laser Measurement Systems GmbH
10.8.1. Company Overview
10.8.2. Company Snapshot
10.8.3. Product Portfolio
10.8.4. Key Strategic Moves and Developments
10.9. Mira Solutions, Inc.
10.9.1. Company Overview
10.9.2. Key Executive
10.9.3. Company Snapshot
10.9.4. Product Portfolio
10.10. Aerometric Surveys
10.10.1. Company Overview
10.10.2. Key Executive
10.10.3. Company Snapshot
10.10.4. Product Portfolio
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Aerometric Survey
  • Faro Technologies Inc.
  • Firmatek LLC
  • Leica Geosystems AG
  • Leosphere SAS
  • Mira Solutions Inc.
According to the report titled, 'LiDAR Market By Type, Component, Application and End User: Opportunity Analysis and Industry Forecast, 2020-2027', the global LiDAR market was valued at $700.2 million in 2019, and is projected to reach $2.90 billion by 2027, growing at a CAGR of 20.1% from 2020 to 2027.

According to LiDAR market forecast, North America dominated the market, contributing more than 40% share of the overall revenue, followed by Europe. Key impacting factors identified include automated systems in LiDAR, widening applications of LiDAR and rise in demand of LiDAR in 3D imaging. In addition, consumer awareness along with higher technological performance of LiDAR over alternatives technologies plays significant role in the LiDAR market growth.

Light detection and ranging (LiDAR) devices are used for capturing high-resolution 3D or 2D data of geospatial surfaces. LiDAR is an emerging technology that helps to capture high-definition 3D data of geospatial surfaces. Innovations in the laser technology help to bring price corrections in LiDAR products. Simultaneously, changes in demands and preferences of the urban population unveil newer LiDAR applications apart from conventional military applications. The sophistication of 3D imaging technology leads to increased corridor mapping activities by the LiDAR systems.

Factors that supplement the LiDAR market growth include rise in demand for 3D imaging technology across various application areas and increase in adoption of aerial LiDAR systems to explore and detect places and historic details. However, less awareness about the benefits of LiDAR systems and use of expensive components in these systems, such as laser scanner, navigation system, and high-resolution 3D cameras collectively increase the cost of LiDAR systems. These factors limit the adoption of LiDAR technology, thereby restricting the LiDAR market share.

The other types of applications include pollution modeling, coastline management and meteorology. Numerous end-user industries make use of LiDAR products. The report analyzes usage of LiDAR among end-users such as defense & aerospace, civil engineering, archaeology, forestry & agriculture, mining and transportation. In order to understand regional trends, the market is analyzed from the perspectives of four regions namely North America, Europe, Asia-Pacific and LAMEA (Latin America, Middle East & Africa).

Region wise, the LiDAR market size is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America was the highest revenue generator in 2019, accounting for $281.5 million, and is estimated to garner $1,111.3 million by 2027, growing at a CAGR of 18.0%. This is attributed to the fact that LiDAR systems find their major application in military and civil infrastructure sector in the region. However, Asia-Pacific is expected to account for $884.4 million by 2027, growing at a CAGR of 22.0% as per LiDAR market trends in 2019.

The global LiDAR market is segmented on the basis of the type of LiDAR systems, components used, their application, end-user sectors, and geography. Static or terrestrial, aerial, mobile, and short range are the various types of LiDAR systems elaborated. The components of LiDAR systems discussed are laser scanner, inertial navigation system, camera, GPS receiver, and micro-electro-mechanical system. The report also includes market segmentation by applications. By applications the market has been segmented into corridor mapping, seismology, exploration and detection and other applications segments.

The end-user segment consists of LiDAR systems that are used across various industry verticals namely, defense and aerospace, civil engineering, archaeology, forestry and agriculture, mining industry, and transportation. A study with respect to region is conducted to perform an in-depth analysis of LiDAR technology across various geographic locations. The regions examined are North America, Europe, Asia-Pacific, and LAMEA.

Key Findings of the Study:

The aerial segment accounted for the highest revenue of $359.2 million in 2019.
The laser segment accounted for the highest revenue share of the market in 2019, generating$291.5million.
The corridor mapping segment accounted for $331.4million in 2019.
The civil engineering garnered $225.4million in 2019.
North America is expected to dominate the market, garnering a major share during the forecast period.

The key players in the LiDAR market that are analyzed in the report are Velodyne, Airborne Hydrography AB, Leosphere SAS, Faro Technologies Inc., Leica Geosystems AG, GeoSLAM Ltd. (3D Laser Mapping), Firmatek, LLC, RIEGL Laser Measurement Systems GmbH, Mira Solutions, Inc., and Aerometric Surveys. These key players have adopted various strategies such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to increase their market penetration and strengthen their position in the industry.
Note: Product cover images may vary from those shown
  • VelodyneAirborne Hydrography AB
  • Leosphere SAS
  • Faro Technologies Inc.
  • Leica Geosystems AG
  • GeoSLAM Ltd. (3D Laser Mapping)
  • Firmatek LLC
  • RIEGL Laser Measurement Systems GmbH
  • Mira Solutions Inc.
  • Aerometric Survey
Note: Product cover images may vary from those shown

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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