Product Code: 34851
KEY FINDINGS
The global LiDAR market is expected to grow with a CAGR of 22.49%, during the forecast period of 2021 to 2028. The market growth is attributed to factors such as, the growing demand from various sectors, better features than other alternatives, the extensive use of LiDAR in airborne applications, and technological advancements.
MARKET INSIGHTS
LiDAR (light detection and ranging) entails a laser 3D scanning technology, utilizing laser beams to generate the considered surface's 3D model. It involves emitting laser in the environment, particularly towards the target surface from where it then bounces off, returning to the sensor. As a result, the time taken by every laser pulse to return to the sensor indicates the distance it travels.
Geographic information systems (GIS) are presently observing increased popularity across sectors such as, military, agriculture, and government. LiDAR also serves as an ideal system, in order to capture the high-resolution 3D details of geographic locations. For instance, the aerial LiDAR systems mounted on drones and aircraft are utilized for implementing GIS. The information captured is used for corridor mapping by the government and environment protection authorities, for forest zone monitoring, among other uses. Thus, the system's primary application includes GIS, which propels the global market growth.
REGIONAL INSIGHTS
The global LiDAR market growth analysis includes the Asia Pacific, Europe, North America, and the rest of the world. The market in North America observes significant growth owing to the increased applications across industrial and defense sectors, and the rising research and development, in terms of autonomous vehicles. Therefore, the region's LiDAR market is anticipated to harbor the largest revenue share over the forecast period.
However, the system's high cost is likely to hinder the market growth.
COMPETITIVE INSIGHTS
LiDAR technology's market penetration is moderate, with numerous firms exploring its potential. This creates various opportunities for companies to attract new markets, thereby driving the market growth. Although the levels of advertising and marketing are high, the firm concentration is adequate. Hence, the industrial rivalry is anticipated to be intense during the forecast years.
Some of the distinguished enterprises operating in the market are, Leica Geosystems AG, RIEGL Laser Measurement Systems GmbH, Topcon Corporation, Quanergy Systems Inc, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
TABLE OF CONTENTS
1. RESEARCH SCOPE & METHODOLOGY
- 1.1. STUDY OBJECTIVES
- 1.2. SCOPE OF STUDY
- 1.3. METHODOLOGY
- 1.4. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
- 2.1. MARKET SIZE & ESTIMATES
- 2.2. MARKET OVERVIEW
3. MARKET DYNAMICS
- 3.1. MARKET SCOPE
- 3.2. KEY DRIVERS
- 3.2.1. RISING DEMAND FROM DIFFERENT SECTORS
- 3.2.2. EXTENSIVE USE OF LIDAR IN AIRBORNE APPLICATIONS
- 3.2.3. BETTER FEATURES THAN OTHER ALTERNATIVES
- 3.2.4. ADVANCEMENT IN TECHNOLOGY
- 3.2.5. INCREASING RESEARCH AND DEVELOPMENT IN SELF-DRIVING CARS
- 3.3. KEY RESTRAINTS
- 3.3.1. HIGH COST OF SYSTEM
- 3.3.2. REAL POTENTIAL OF LIDAR NOT REALIZED
4. KEY ANALYTICS
- 4.1. IMPACT OF COVID-19 ON LIDAR MARKET
- 4.2. KEY INVESTMENT INSIGHTS
- 4.3. PORTER'S FIVE FORCE ANALYSIS
- 4.3.1. BUYER POWER
- 4.3.2. SUPPLIER POWER
- 4.3.3. SUBSTITUTION
- 4.3.4. NEW ENTRANTS
- 4.3.5. INDUSTRY RIVALRY
- 4.4. OPPORTUNITY MATRIX
- 4.5. VENDOR LANDSCAPE
- 4.6. VALUE CHAIN ANALYSIS
5. MARKET BY APPLICATION
- 5.1. CORRIDOR MAPPING
- 5.2. DETECTION & EXPLORATION
- 5.3. SEISMOLOGY
- 5.4. OTHER APPLICATIONS
6. MARKET BY END-USER
- 6.1. CIVIL ENGINEERING
- 6.2. FORESTRY AND AGRICULTURE
- 6.3. AUTOMOTIVE
- 6.4. AEROSPACE & DEFENSE
- 6.5. ARCHAEOLOGY
- 6.6. MINING
7. MARKET BY PRODUCT TYPE
- 7.1. AERIAL LIDAR
- 7.1.1. UNMANNED AERIAL VEHICLE (UAV)
- 7.1.2. AIRCRAFT
- 7.1.3. SATELLITE
- 7.2. TERRESTRIAL LIDAR
- 7.2.1. STATIC TERRESTRIAL LIDAR
- 7.2.2. MOBILE TERRESTRIAL LIDAR
8. MARKET BY COMPONENT
- 8.1. LASER SCANNERS
- 8.2. INERTIAL NAVIGATION SYSTEM
- 8.3. CAMERAS
- 8.4. GPS
- 8.5. OTHER COMPONENTS
9. GEOGRAPHICAL ANALYSIS
- 9.1. NORTH AMERICA
- 9.1.1. MARKET SIZE & ESTIMATES
- 9.1.2. KEY GROWTH ENABLERS
- 9.1.3. KEY CHALLENGES
- 9.1.4. KEY PLAYERS
- 9.1.5. COUNTRY ANALYSIS
- 9.1.5.1. UNITED STATES
- 9.1.5.2. CANADA
- 9.2. EUROPE
- 9.2.1. MARKET SIZE & ESTIMATES
- 9.2.2. KEY GROWTH ENABLERS
- 9.2.3. KEY CHALLENGES
- 9.2.4. KEY PLAYERS
- 9.2.5. COUNTRY ANALYSIS
- 9.2.5.1. UNITED KINGDOM
- 9.2.5.2. GERMANY
- 9.2.5.3. FRANCE
- 9.2.5.4. ITALY
- 9.2.5.5. RUSSIA
- 9.2.5.6. BELGIUM
- 9.2.5.7. POLAND
- 9.2.5.8. REST OF EUROPE
- 9.3. ASIA PACIFIC
- 9.3.1. MARKET SIZE & ESTIMATES
- 9.3.2. KEY GROWTH ENABLERS
- 9.3.3. KEY CHALLENGES
- 9.3.4. KEY PLAYERS
- 9.3.5. COUNTRY ANALYSIS
- 9.3.5.1. CHINA
- 9.3.5.2. JAPAN
- 9.3.5.3. INDIA
- 9.3.5.4. SOUTH KOREA
- 9.3.5.5. INDONESIA
- 9.3.5.6. THAILAND
- 9.3.5.7. VIETNAM
- 9.3.5.8. AUSTRALIA & NEW ZEALAND
- 9.3.5.9. REST OF ASIA PACIFIC
- 9.4. REST OF WORLD
- 9.4.1. MARKET SIZE & ESTIMATES
- 9.4.2. KEY GROWTH ENABLERS
- 9.4.3. KEY CHALLENGES
- 9.4.4. KEY PLAYERS
- 9.4.5. COUNTRY ANALYSIS
- 9.4.5.1. LATIN AMERICA
- 9.4.5.2. MIDDLE EAST & AFRICA
10. COMPETITIVE LANDSCAPE
- 10.1. KEY STRATEGIC DEVELOPMENTS
- 10.1.1. MERGER & ACQUISITIONS
- 10.1.2. PRODUCT LAUNCH & DEVELOPMENTS
- 10.1.3. PARTNERSHIP, CONTRACT/AGREEMENT & COLLABORATION
- 10.1.4. BUSINESS EXPANSION
- 10.2. COMPANY PROFILE
- 10.2.1. VELODYNE LIDAR INC
- 10.2.2. LEICA GEOSYSTEMS AG
- 10.2.3. TOPCON CORPORATION
- 10.2.4. RIEGL LASER MEASUREMENT SYSTEMS GMBH
- 10.2.5. QUANERGY SYSTEMS INC
- 10.2.6. PHANTOM INTELLIGENCE INC
- 10.2.7. TRIMBLE INC
- 10.2.8. TELEDYNE OPTECH
- 10.2.9. FARO TECHNOLOGIES INC
- 10.2.10. AIRBORNE HYDROGRAPHY AB