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LiDAR Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

  • ID: 5577972
  • Report
  • April 2022
  • Region: Global
  • 143 Pages
  • IMARC Group

FEATURED COMPANIES

  • Faro Technologies Inc
  • Innoviz Technologies Ltd.
  • LeddarTech Inc.
  • NV5 Global Inc.
  • Quanergy Systems Inc.
  • Sick AG
The global LiDAR market reached a value of US$ 1.75 billion in 2021. Looking forward, the market is projected to reach a value of US$ 5.84 billion by 2027, exhibiting a CAGR of 21.40% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use sectors. These insights are included in the report as a major market contributor.



LiDAR (Light Detection and Ranging) refers to an advanced remote sensing method used to measure the distance of an object on the surface of the earth. A LiDAR system mainly consists of a laser, scanner, and specialized GPS receiver. It works by targeting an object with a pulsed laser and calculating the time taken for the reflected light to return to the receiver. These light pulses, along with other data recorded by the system, generate accurate, three-dimensional (3D) information about the earth’s shape and surface characteristics. As a result, LiDAR systems are rapidly gaining traction over conventional methods for examining, detecting, and mapping of objects due to their high precision, low cost, and enhanced features.

LiDAR Market Trends


The increasing applications of LiDAR across various End-use sectors represent the primary factors driving the market growth. For instance, LiDAR systems are extensively used in the aerospace and defense sectors for tracking low flying aircraft as they can accurately measure the dimension and distance of the target and perform efficiently in all weather conditions. Besides this, in the agriculture industry, LiDAR systems are widely utilized for automated tractor steering solutions and surveying fields with drones. Additionally, governments of numerous countries are adopting LiDAR technology for mapping, surveillance, topographical surveys, and monitoring in the oil and gas and mining sectors. This, in confluence with the recent advancements in LiDAR mapping systems and their enabling technologies, is propelling the market growth. Furthermore, the rising integration of LiDAR-based sensors in advanced driver assistance systems (ADAS) and self-driving vehicles is catalyzing the product demand. Other factors, including the emergence of 4D LiDAR, growing product usage in engineering and construction sectors, technological advancements, extensive research and development (R&D) activities, and favorable government policies, are also creating a positive market outlook.

Key Market Segmentation


This report provides an analysis of the key trends in each sub-segment of the global LiDAR market, along with forecasts at the global, regional and country level from 2022-2027. The report has categorized the market based on installation type, component and application.

Breakup by Installation Type:

  • Airborne
  • Terrestrial

Breakup by Component:

  • Laser Scanners
  • Navigation Systems
  • Global Positioning Systems
  • Others

Breakup by Application:

  • Corridor Mapping
  • Engineering
  • Environment
  • Exploration
  • ADAS
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape


The competitive landscape of the industry has also been examined along with the profiles of the key players being Faro Technologies Inc, Innoviz Technologies Ltd., LeddarTech Inc., Leica Geosystems AG (Hexagon AB), NV5 Global Inc., Quanergy Systems Inc., RIEGL Laser Measurement Systems GmbH, Sick AG, Teledyne Technologies Inc, Trimble Inc., Valeo and Velodyne Lidar Inc.

Key Questions Answered in This Report

  • How has the global lidar market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global lidar market?
  • What are the key regional markets?
  • What is the breakup of the market based on the installation type?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global lidar market and who are the key players?
  • What is the degree of competition in the industry?
Frequently Asked Questions about the Global LiDAR Market

What is the estimated value of the Global LiDAR Market?

The Global LiDAR Market was estimated to be valued at $1.8 Billion in 2021.

What is the growth rate of the Global LiDAR Market?

The growth rate of the Global LiDAR Market is 22.2%, with an estimated value of $5.8 Billion by 2027.

What is the forecasted size of the Global LiDAR Market?

The Global LiDAR Market is estimated to be worth $5.8 Billion by 2027.

Who are the key companies in the Global LiDAR Market?

Key companies in the Global LiDAR Market include Faro Technologies Inc, Innoviz Technologies Ltd., LeddarTech Inc., Leica Geosystems AG (Hexagon AB), NV5 Global Inc., Quanergy Systems Inc., RIEGL Laser Measurement Systems GmbH, Sick AG and Trimble Inc..

FEATURED COMPANIES

  • Faro Technologies Inc
  • Innoviz Technologies Ltd.
  • LeddarTech Inc.
  • NV5 Global Inc.
  • Quanergy Systems Inc.
  • Sick AG

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global LiDAR Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Installation Type
6.1 Airborne
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Terrestrial
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Component
7.1 Laser Scanners
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Navigation Systems
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Global Positioning Systems
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Application
8.1 Corridor Mapping
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Engineering
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Environment
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Exploration
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 ADAS
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Faro Technologies Inc
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.2 Innoviz Technologies Ltd.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.3 LeddarTech Inc.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Leica Geosystems AG (Hexagon AB)
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 NV5 Global Inc.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.6 Quanergy Systems Inc.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 RIEGL Laser Measurement Systems GmbH
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Sick AG
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Teledyne Technologies Inc
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Trimble Inc.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Valeo
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 Velodyne Lidar Inc.
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
List of Figures
Figure 1: Global: LiDAR Market: Major Drivers and Challenges
Figure 2: Global: LiDAR Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: LiDAR Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: LiDAR Market: Breakup by Installation Type (in %), 2021
Figure 5: Global: LiDAR Market: Breakup by Component (in %), 2021
Figure 6: Global: LiDAR Market: Breakup by Application (in %), 2021
Figure 7: Global: LiDAR Market: Breakup by Region (in %), 2021
Figure 8: Global: LiDAR (Airborne) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: LiDAR (Airborne) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: LiDAR (Terrestrial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: LiDAR (Terrestrial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: LiDAR (Laser Scanners) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: LiDAR (Laser Scanners) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: LiDAR (Navigation Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: LiDAR (Navigation Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: LiDAR (Global Positioning Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: LiDAR (Global Positioning Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: LiDAR (Other Components) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: LiDAR (Other Components) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: LiDAR (Corridor Mapping) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: LiDAR (Corridor Mapping) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: LiDAR (Engineering) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: LiDAR (Engineering) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: LiDAR (Environment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: LiDAR (Environment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: LiDAR (Exploration) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: LiDAR (Exploration) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: LiDAR (ADAS) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: LiDAR (ADAS) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: LiDAR (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: LiDAR (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: North America: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: North America: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: United States: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: United States: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Canada: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Canada: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Asia-Pacific: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Asia-Pacific: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: China: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: China: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Japan: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Japan: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: India: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: India: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: South Korea: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: South Korea: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Australia: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Australia: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Indonesia: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Indonesia: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Others: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Others: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Europe: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Europe: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Germany: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Germany: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: France: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: France: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: United Kingdom: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: United Kingdom: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Italy: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Italy: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Spain: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Spain: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Russia: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Russia: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Latin America: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Latin America: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Brazil: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Brazil: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Mexico: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Mexico: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Others: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Others: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Middle East and Africa: LiDAR Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Middle East and Africa: LiDAR Market: Breakup by Country (in %), 2021
Figure 80: Middle East and Africa: LiDAR Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Global: LiDAR Industry: SWOT Analysis
Figure 82: Global: LiDAR Industry: Value Chain Analysis
Figure 83: Global: LiDAR Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: LiDAR Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: LiDAR Market Forecast: Breakup by Installation Type (in Million US$), 2022-2027
Table 3: Global: LiDAR Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 4: Global: LiDAR Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: LiDAR Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: LiDAR Market: Competitive Structure
Table 7: Global: LiDAR Market: Key Players
  • Faro Technologies Inc
  • Innoviz Technologies Ltd.
  • LeddarTech Inc.
  • Leica Geosystems AG (Hexagon AB)
  • NV5 Global Inc.
  • Quanergy Systems Inc.
  • RIEGL Laser Measurement Systems GmbH
  • Sick AG
  • Teledyne Technologies Inc
  • Trimble Inc.
  • Valeo
  • Velodyne Lidar Inc

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