Light Detection and Ranging (LIDAR) is a sensing technology which consumes light pulses in the form of a laser to measure variable distances from the earth. It consists of a laser, scanner, and a specialized Global Positioning System (GPS) receiver. It uses visible, ultraviolet and infrared light to image objects and used with a wide range of targets such as non-metallic objects, rain, rocks and chemical compounds. LIDAR systems permit scientists & mapping professionals to examine both manmade and natural environments with precision, accuracy, and flexibility. It supports activities for instance inundation & storm surge modeling, shoreline mapping, hydrographic surveying, hydrodynamic modeling, emergency response, and coastal vulnerability analysis. Helicopters and Airplanes are the most commonly used platforms for acquiring LIDAR data over wide areas.
According to study, “World Light Detection and Ranging (LIDAR) Market Research Report 2024(covering USA, EU, China, South East Asia, Japan and etc)” the key companies operating in the world light detection and ranging (LIDAR) market are Hexagon AB (Leica Geosystems), RIEGL Laser Measurement Systems GmbH, Trimble Inc., Velodyne LiDAR, Topcon Positioning Systems, IGI, Faro Technologies Inc., 3D Laser Mapping, Teledyne Technologies, Inc. (Teledyne Optech Incorporated), Quantum Spatial, Sure Star, Beike Tianhui Technology Co., Ltd (Beijing Surestar Technology Co. Ltd), Leddartech, Geokno India Pvt. Ltd., Sick AG, YellowScan, Airborne Hydrography AB, Aerometric Inc., Quanergy Systems, Inc., Saab Group, Raymetrics S.A., Michael Baker International. The players are adopting inorganic growth strategies to solidify their presence in the market.
Based on type, LIDAR market is segmented into solid-state LIDAR and mechanical LIDAR. Based on installation type, market is segmented into terrestrial LIDAR, airborne LIDAR, and others. Terrestrial or ground-based LIDAR is further sub-segmented into static and mobile. Additionally, airborne LIDAR is further sub-segmented into bathymetric and topographic. Based on range, market is segmented into large range, medium range and short range. Based on technology, market is segmented into one dimensional (1D), two dimensional (2D) and three dimensional (3D). Based on component, market is segmented into navigation & positioning systems, laser scanner, micro electromechanical system, GPS/GNSS and others. In addition, based on functional areas, market is segmented into engineering, environment (forest management, pollution modeling, coastline management, wind farm, agriculture and precision forestry), corridor mapping (railways & roadways, tunnels and bridges), ADAS & driverless car, cartography, urban planning and meteorology.
The LIDAR market is driven by growth in demand for 3D imaging technology, followed by increase in use of drones equipped with LIDAR for greater accuracy, encouragement from governments & institutes for the adoption of LIDAR, introduction of technologically enhanced LIDAR and rise in application of LIDAR in engineering projects. However, lack of awareness and high cost of LIDAR equipment may impact the market. Moreover, rise in adoption of autonomous vehicles in emerging countries is a key opportunity for market.
Based on geography, USA country holds major share, followed by EU in LIDAR market owing to rise in investments on accelerating innovations in the LiDAR landscape and presence of prominent automakers in the country. The Japan and China countries are expected to witness higher growth rate due to growth in number of smart city initiatives, rise in number infrastructural activities and increase in usage of drones for various applications over the forecast period.
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Global Light Detection and Ranging (LIDAR) Market
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