According to a market report by Lucintel, the future of the LiDAR market looks promising with opportunities in the corridor mapping, engineering, environment, and ADAS and driverless car applications. The LiDAR market is expected to grow with a CAGR of 17% from 2019 to 2024. The major drivers for this market are growing demand for the 3D imaging technology, increasing governments and institutes supports for the adoption of LiDAR, and application of LiDAR in engineering projects.
Mechanical and solid-state are the LiDAR type of this market. Solid-state LiDAR is the largest segment. Within the LiDAR market, corridor mapping, engineering, environment, ADAS and driverless, and exploration are the major applications. ADAS and driverless car is the largest application for LiDAR. Airborne and ground-based are the major installation types of the LiDAR market. APAC will remain the largest market over the forecast period.
Teledyne Optech, Leica Geosystems, Riegl Laser Measurement Systems, Trimble, Faro Technologies, Quantum Spatial (Aerometric), Beijing Surestar Technology (Isurestar), Velodyne LiDAR, Geokno and Sick AGare are among the major manufacturers of LiDAR
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the LiDAR market by LiDAR type, installation, range, component, service, application, and region. Lucintel has prepared a comprehensive research report entitled “LiDAR Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the LiDAR market by LiDAR type, installation, range, component, service, application, and region as follows:
By LiDAR Type [$M shipment analysis for 2013 – 2024]:
• Mechanical LiDAR
• Solid-State LiDAR
By Installation [$M shipment analysis for 2013 – 2024]:
• Airborne
• Ground-Based
By Range [$M shipment analysis for 2013 – 2024]:
• Short
• Medium
• Large
By Component [$M shipment analysis for 2013 – 2024]:
• Laser Scanners
• Navigation and Positioning Systems
• Other Components
By Service [$M shipment analysis for 2013 – 2024]:
• Aerial Surveying
• Asset Management
• GIS Services
• Ground-Based Surveying
• Other Services
By Application [$M shipment analysis for 2013 – 2024]:
• Corridor Mapping
• Engineering
• Environment
• ADAS & Driverless
• Exploration
• Other
By Region [$M shipment analysis for 2013 – 2024]:
• North America
– United States
– Canada
– Mexico
• Europe
– Germany
– UK
– Italy
• Asia Pacific
– China
– Japan
– India
• Rest of the World

A more than 150 pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the LiDAR market, by LiDAR type (mechanical LiDAR and solid-state LiDAR), installation (airborne and ground-based), range (short, medium and large), component (laser scanners, navigation and positioning systems), service (aerial surveying, asset management, GIS services, ground-based surveying and other services), application (corridor mapping, engineering, environment, ADAS & driverless, exploration, urban planning, cartography, metrology and other applications), and region ( North America, Europe, APAC, and ROW)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the LiDAR market?
Q.5 What are the business risks and threats to the LiDAR market?
Q.6 What are emerging trends in this LiDAR market and the reasons behind them?
Q.7 What are some changing demands of customers in the LiDAR market?
Q.8 What are the new developments in the LiDAR market? Which companies are leading these developments?
Q.9 Who are the major players in this LiDAR market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this LiDAR area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this ,LiDAR market?