Global Lidar Market is valued at USD 1.6 Billion in the year 2019. Global LiDAR Market is further estimated to grow at a CAGR of 22.4% from 2019 to reach USD 3.4 Billion by the year 2025. North America region holds the highest market share in 2019 and North America market is considered as the fastest growing market in the forecasted period. At a country level, the U.S. holds the highest market share in 2019 and it is projected to grow at a strongly in the coming years.
Quantum Spatial (Aerometric, Inc.) (U.S), Velodyne LiDAR (Canada), Optech Inc. (Teledyne Technologies Inc.) (U.S), 3D Laser Mapping (U.K), Leica Geosystems AG (Switzerland), Topcon Positioning Systems, Inc. (U.S), Quanergy Systems Inc. (Canada), RIEGL Laser Measurement Systems GmbH (Austria), Firmatek LLC. (U.S), are some of the key players in the Global LiDAR market. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of tier 1 and Tier 2 manufacturers in recent years.
Implementation of new application
Expensive price of LiDAR
LiDAR offered highly by the automotive sector
Limitation in the environment.
The major shares of the market come from Construction and Engineering sector in Global LiDAR Market. As in Engineering and Construction investment are more for the utilization.
On the other hand, Corridor mapping for this market is expected to grow at highest CAGR during the year 2019-2025.
Key Benefits for Stakeholders
LiDAR Manufacturers, Distributors and Retailers
Research and Consulting organization
Technology Standards Organizations, Forums, Alliances and Associations
Regulatory bodies, policy actors, and consumers.
By Product Type
ADAS and Driverless Cars
Oil, Gas & Mining
Tourism and Parks Management
Key Market Players
Quantum Spatial (Aerometric, Inc.) (U.S)
Velodyne LiDAR (Canada)
Optech Inc. (Teledyne Technologies Inc.) (U.S)
3D Laser Mapping (U.K)
Leica Geosystems AG (Switzerland)
Topcon Positioning Systems, Inc. (U.S)
Quanergy Systems Inc. (Canada)
RIEGL Laser Measurement Systems GmbH (Austria)
Firmatek LLC. (U.S)
(A brief overview of another 13 companies is also provided)
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