About Light Detection and Ranging
Light Detection and ranging (also known as LIDAR, LiDAR, and LADAR) is an imaging technique which is used to measure the distance of the specific object by projecting laser light signals from the target and by measuring the reflected light signals at the target. The incoming and outgoing light signals are then analyzed to make 3 Dimensional image of the target. Lidar is also called as 3D laser scanning.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 16.8% |
Due to higher initial investments and Number of government regulations the LiDAR market has very seldom threat of new entrants. Also, the existing LiDAR technology providers are vividly trying to form strategic alliances with other companies to gain better competitive edge. Moreover, the overall market is concentrated to some of the developed economies across the globe. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Light Detection and Ranging market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Teledyne Optech (Canada), Leica Geosystems (Switzerland), Trimble (United States), Faro Technologies (United States), RIEGL Laser Measurement Systems GmbH (Austria), Topcon (Japan), Velodyne LiDAR (United States), 3D Laser Mapping Ltd. (United Kingdom), IGI mbH (Germany) and Beijing Surestar Technology (Isurestar) (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Quantum Spatial (Aerometric) (United States), Velodyne LiDAR (United States), Geokno (India) and Sick AG (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Light Detection and Ranging market by Type (Airborne LIDAR, Mobile LIDAR and Static LIDAR), Application (Civil Engineering, Forestry & Agriculture, Transportation, Urban Mapping and Others) and Region.
On the basis of geography, the market of Light Detection and Ranging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Installation, the sub-segment i.e. Airborne will boost the Light Detection and Ranging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. GPS will boost the Light Detection and Ranging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Use of Lidar Equipped Drone Technology and Automation in Lidar Systems to enhance Efficiency and minimize Human Interference
Market Growth Drivers:
Increasing Applications in 3D Imaging Technologies, Government and Institutional buoy up for adoption of Radar and Growing demand in Engineering and Construction Applications
Challenges:
Environmental Traits and Higher Operational and Maintenance Cost
Restraints:
Expensive Ladar Systems and Lack of Awareness about Lidar Technology
Opportunities:
Growing Utilization of Lidar Components in Automobile Industry and Introduction to automated Lidar Systems
Market Leaders and their expansionary development strategies
In March 2024, Veovo and Amorph Systems have formed a strategic partnership aimed at improving the management of passenger flow within airports and transportation hubs. This collaboration integrates Amorph’s pioneering LiDAR perception technology with Veovo’s Intelligent Airport platform, offering airports enhanced accuracy and efficiency in monitoring people movement, occupancy and dwell times.
In January 2023, ZVISION, a leading provider of automotive-grade MEMS LiDAR solutions in China, formally launched its new short-range LiDAR ML-30s+ at CES on January 5, 2023. With an ultra-large FOV, enhanced imaging effects, new automotive-grade hardware and software architecture, customized engineering solutions, the new release is expected to deliver the excellent LiDAR experience for autonomous driving.
Department of Water and Environmental Regulation (DWER) has created LiDAR Index to illustrate the extents of LiDAR imagery and data which is currently existing. Each area is delimited by a polygon of attributes denoting its general area coverage, status, contractor and availability of metadata.
Key Target Audience
LiDAR Manufacturers, LiDAR Traders, Automobile Industry, Government Agencies, Research Institutes, Image Processing Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.