The LiDAR market size has expanding meteorically in recent years. It has grown from $2.54 billion in 2024 to a projected $3.03 billion in 2025 at an impressive compound annual growth rate (CAGR) of 19.1%. This strong growth can be attributed to increasing automotive safety regulations, burgeoning demand for lidar in applications such as topographic mapping, agriculture and forestry, and the burgeoning military and defense sector, as well as the swift expansion of smart cities and infrastructure.
The size of the LiDAR market is expected to continue its rapid growth beyond 2025. By 2029, it is projected to reach $6.08 billion, displaying a strong compound annual growth rate (CAGR) of 19.0%. Contributing to this sustained growth are factors such as the continuing development and commercialization of autonomous vehicles, growing interest in environmental monitoring using lidar, increasing integration of lidar in robotics and automation, the rise of innovative lidar applications, and an increase in the use of lidar for 3D scanning and modeling. Major trends projected to emerge in the coming years include solid-state lidar, multi-sensor integration, geospatial and mapping, environmental lidar, and the integration of artificial intelligence with lidar.
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What Are LiDAR Market’s Major Growth Drivers?
A key growth driver for the LiDAR market is the rising demand for 3D imaging. 3D imaging is a technique that creates the illusion of depth within an image by converting 2D data into a 3-dimensional format. Advances in 3D imaging have been illustrated by increases in the number and use of imaging equipment. For instance, according to the National Healthcare Statistics 2024 in Ireland, in 2023, Ireland had a total of 102 operational CT scanners, 9 PET scanners, 29 gamma cameras, and 51 radiation therapy equipment. Additionally, there were 89 MRI units in operation, with a majority utilized within hospital settings. Therefore, rising demand for 3D imaging is driving the LiDAR market forward.
What Are the Major Segments Within the Global LiDAR Market?
1) By Component: Laser Scanner, Navigation and Positioning Systems, Other Components
2) By Type: Terrestrial, Aerial, Mobile
3) By Technology: 2D, 3D, 4D
4) By Applications: Mapping and Cartography, ADAS (Advanced Driver-Assistance System), Environment, Exploration and Detection, Other Applications
5) By End User: Defense and Aerospace, Civil Engineering, Archaeology, Forestry and Agriculture, Mining, Transportation
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Who Are the Major Players In The Global LiDAR Market?
Prominent companies operating in the LiDAR market include Velodyne GmbH, Leica Geosystems AG, LEOSPHERE SAS, HEXAGON AB, GeoSLAM Ltd., Firmatek LLC, RIEGL Laser Measurement Systems GmbH, Mira Solutions Inc., Aerometric Surveys SA, Airborne Hydrography AB, Faro Technologies Inc., Phoenix LiDAR Systems, Innoviz Technologies Ltd., Waymo LLC, Valeo SA, Neptec Technologies Corp., ZX LIDARS, SICK AG, Quanergy Systems Inc., Teledyne Optech Inc., Trimble Inc., NV5 Global Inc., Huawei Technologies Co. Ltd., Ouster Inc., Luminar Inc., Aeva Technologies Inc., Beijing SureStar Technology Co. Ltd., Quantum Spatial India Private Limited, Topcon Positioning Systems, Cepton Technologies Inc., Optris GmbH, YellowScan Inc., Livox Tech Ltd.
What Emerging Trends Are Expected to Impact The LiDAR Market?
A key emerging trend in the LiDAR market is the development high-resolution imaging. For example, in January 2024, Ommatidia LIDAR, a Spain-based semiconductor manufacturing company, launched ANT LiDAR, designed to offer significant improvements across various applications. Featuring a massively parallel, frequency-modulated continuous wave sensor for unprecedented resolution and scalability, it’s perfect for high-volume markets.
Which Regions Are Expected To Show The Most Significant Growth In The LiDAR Market?
North America was the largest region in the LiDAR market in 2024, but Asia-Pacific is projected to be the fastest-growing region in the LiDAR market during the forecast period. The regions covered in the LiDAR market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Does The LiDAR Market Report 2025 Offer?
LiDAR, standing for Laser Imaging Detection and Ranging, is a system that utilizes laser light to measure variable distances from the earth. This technology is in high demand for its efficiency and accuracy, allowing it to measure a large number of areas in a relatively small amount of time. It is particularly useful in creating three-dimensional images. The LiDAR Market research report from The Business Research Company offers insights into global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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