Lidar Industry

The global LiDAR market was valued at USD 1.81 billion in 2021 and is projected to experience significant growth, with an expected compound annual growth rate (CAGR) of 9.8% from 2022 to 2030. This growth is largely driven by technological advancements that have improved the spatial resolution of LiDAR-based digital terrain models, enabling more accurate applications such as change detection on hillsides, water runoff analysis for agricultural and mining sites, and assessments of inland waterways. Furthermore, the increasing automation within the LiDAR sector is helping to reduce human effort while enhancing overall efficiency, which contributes to the market's expansion.

A key factor expected to propel the market growth over the forecast period is the rising demand for 3D imagery across various application areas, including military and defense, topographical surveys, civil engineering, and corridor mapping. Textured 3D imagery plays a crucial role in applications such as 3D mapping, urban planning, and corridor mapping. As the need for advanced safety features continues to grow, there is a notable increase in the adoption of LiDAR technology. For instance, in the United States, government approvals for self-driving cars have facilitated their presence on the roads, and these vehicles are often equipped with LiDAR systems for GPS and navigation purposes. This integration further underscores the significant role that LiDAR technology plays in enhancing the capabilities of autonomous vehicles and other advanced applications.

Gather more insights about the market drivers, restrains and growth of the Lidar Market

Product Type Segmentation Insights

Airborne Segment Dominance (37.7% Revenue Share in 2021):

• The airborne segment accounted for a substantial revenue share of 37.7% in 2021.
• Growth in this segment is expected to persist over the next few years.
• The increase is driven by the rising adoption of aerial mapping devices.

Advantages of Aerial LiDAR Systems:

• Aerial LiDAR systems provide an accurate and comprehensive method for creating digital elevation models.
• These systems are gradually replacing traditional photogrammetry due to their enhanced capabilities.
• Aerial LiDAR offers:
• Greater area coverage compared to terrestrial systems.
• Faster large-area mapping in shorter time intervals.

Terrestrial LiDAR Systems:

• Terrestrial LiDAR can be classified into mobile and stationary systems.
• These systems are designed to operate solely on the Earth's surface.
• Static terrestrial scanning is a commonly preferred method for various applications, including:
• Monitoring
• Conventional topography
• Forensics
• Cultural heritage documentation

Mobile and UAV LiDAR Systems:

• Mobile and UAV LiDAR systems function in both mobile and aerial modes.
• They are capable of working on the Earth's surface as well as in surrounding environments.
• The growing adoption of mobile and UAV LiDAR systems is anticipated to drive significant investments from key industry participants.

Recent Product Launches:

• In October 2019, RIEGL Laser Measurement Systems GmbH launched a lightweight airborne LiDAR system specifically designed for UAVs.
• This miniaturized UAV sensor is particularly effective for applications requiring the acquisition of small objects.
• In September 2021, YellowScan, a France-based designer of UAV LiDAR solutions, announced the launch of the YellowScan Explorer.
• This device can be mounted on light human-crewed aircraft or switched to various types of UAV platforms.
• It enables end-users to tackle a diverse range of projects efficiently.

Order a free sample PDF of the Lidar Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com/

Follow Us: LinkedIn | Twitter