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Report Highlights
The global market for light detection and ranging (LiDAR) technology should grow from $3.2 billion in 2023 to $7.0 billion by the end of 2028, at a compound annual growth rate (CAGR) of 16.5% during the forecast period of 2023-2028.
Report Includes
- 42 data tables and 38 additional tables
- An up-to-date overview and analysis of the global market for LiDAR
- Analyses of the global market trends, with historical market revenue data (sales figures) for 2022, estimates for 2023, forecasts for 2024 and 2026, and projections of compound annual growth rates (CAGRs) through 2028
- Estimates of the actual market size and revenue forecast for the global LiDAR market in USD millions, and a corresponding market share analysis based on component, product type, range, application and geographic region
- In-depth information (facts and figures) pertaining to market drivers, opportunities, challenges and prospects; technologies; regulatory scenarios; and the impacts of COVID-19 and the Russia-Ukraine war on the global LiDAR market
- An industry value chain analysis that provides a systematic study of the key intermediaries, with emphasis on OEM manufacturers, raw materials suppliers and major types of end users
- Holistic reviews of Porter’s Five Forces and PESTLE analyses, which take into account the prevailing micro- and macro-environmental factors in the market
- A description of ESG developments and company practices in the LIDAR market
- A look at the major vendors in the global LiDAR market, and an analysis of the industry’s competitive landscape, including market shares and recent mergers and acquisitions (M&A) activity
- A review of emerging technologies and innovations in the market
- An analysis of recent patent activity
- Profiles of the leading companies
Report Scope
This report provides an overview of the global market for LiDAR and analyses market trends. Using 2022 as the base year, the report provides estimated market data for the forecast period 2023 through 2028. Revenue forecasts for this period are segmented based on component, product type, technology, range, application, and region.
The report also focuses on the major trends and challenges that affect the market and the competitive landscape. It explains the current market trends and provides detailed profiles of the major players and their strategies to enhance their market presence. The report estimates the size of the global LiDAR market in 2022 and provides projections of the expected market size through 2028.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2022 | ||||||||||||||||
| Forecast period considered | 2023-2028 | ||||||||||||||||
| Base year market size | $3.0 billion | ||||||||||||||||
| Market size forecast | $7.0 billion | ||||||||||||||||
| Growth rate | CAGR of 16.5% from 2023 to 2028 | ||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||
| Segments covered | By Component, Product Type, Technology, Range, Application, and Region | ||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) | ||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
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Report Highlights
The global market for light detection and ranging (LiDAR) technologies should grow from $3.1 billion in 2020 to $8.7 billion by 2025 with a compound annual growth rate (CAGR) of 22.7% for the period of 2020-2025.
Report Includes
- 75 tables
- An overview of the global market for light detection and ranging (LiDAR) technologies
- Analyses of the global market trends, with data from 2019-2020, and projections of compound annual growth rates (CAGRs) through 2025
- Estimation of market size and revenue forecasts for global LiDAR market, and corresponding market share analysis by component, technology type, application, and geographic region for market segment and its subsegments
- Identification of major market stakeholders and analysis of competitive landscape on the basis of recent developments
- Assessment of the effect of environmental concerns on this market, and insight into the trends, gaps and opportunities in each of the submarkets
- Patent review and a study of new developments in LiDAR technologies
- Company profiles of the major market players within the industry, including Faro Technologies Inc., Infineon Technologies AG, Intermap Technologies Corp., Quantum Spatial Inc., Sick AG, and Vaisala Corp.
Report Highlights
The global light detection and ranging (LiDAR) market should reach $4.5 billion by 2022 from $1.5 billion in 2017 at a compound annual growth rate (CAGR) of 24.0%, from 2017 to 2022.
Report Includes
- An overview of the global light detection and ranging (LiDAR) market
- Analyses of global market trends, with data from 2016, estimates for 2017, and projections of compound annual growth rates (CAGRs) through 2022
- Detailed breakdown of the market by origin, by physical form, by type, by end-use industry, and by geography
- Analyses of the market through market sizes, value chain, and revenue forecasts, along with current and future product trends
- Examination of the competitive landscape and analysis of various competitive products
- Profiles of major players in the industry
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