LiDAR Market Size
The global LiDAR market was valued at $1.60 billion in 2024 and is projected to reach $4.73 billion by 2030, growing at a CAGR of 19.7% during the forecast period.

LiDAR Market Overview
The LiDAR system empowers mapping professionals and scientists to meticulously study both man-made and natural environments with remarkable precision and adaptability. Notably, researchers at the National Oceanic and Atmospheric Administration (NOAA) utilize LiDAR for tasks such as producing precise shoreline maps, aiding in emergency response missions, and crafting digital elevation models applicable to geographic information systems.

LiDAR Market Dynamics

  • The LiDAR market is expected to witness significant growth in the future due to the surge in demand for 3D imagery in application areas and the increase in the development of smart cities and infrastructure projects.
  • Additionally, the emergence of 4D LiDAR and the growing adoption of LiDAR systems in UAVs are the prominent factors driving the growth of the market.
  • However, the lack of educated customers and high testing, engineering, and calibration costs are restraining market growth.
  • On the contrary, the mounting development of advanced geospatial solutions is creating opportunities for market growth.



Impact of COVID-19 on the LiDAR Market
The COVID-19 pandemic cast a dark cloud over the LiDAR market, squeezing both the exploration and automotive sectors. In oil and gas exploration, lockdowns and plummeting fuel demand choked off activity, crippling the high-end market for LiDAR surveys and mapping. In the automotive industry, car production slumps and a stalled autonomous vehicle boom have decimated demand for LiDAR sensors. Supply chain disruptions and pandemic-induced economic woes compounded the situation, forcing automakers to slash R&D budgets for LiDAR advancements. While long-term prospects remain promising due to technological progress and potential infrastructure investments, the pandemic’s immediate blow to the LiDAR ecosystem cannot be understated.

By Product Type, Airborne Segment to Hold Major Share in the LiDAR Market
The airborne segment is expected to have a huge demand in the LiDAR market during the forecast period owing to the rising adoption rate of aerial mapping devices. Soaring high above photogrammetry, airborne LiDAR is revolutionizing the market with its unmatched accuracy and efficiency. This aerial maestro conquers vast areas in record time, generating detailed 3D models for everything from cityscapes to forests. Its cost-effectiveness shines in large-scale projects, slashing surveying times and boosting bottom lines. This versatility unlocks doors across sectors, from infrastructure monitoring to environmental protection, offering data-driven insights like never before.

By Geography, North America is projected to have a Strong Presence in the Global Market
North America is experiencing strong growth during the forecast period due to the autonomous vehicle revolution. This dynamic region’s diverse industries are embracing LiDAR’s precise 3D mapping and object detection, paving the way for safe and efficient self-driving cars. With key players like the automotive sector leading the charge, North America is poised to lead the global LiDAR race, reshaping transportation and countless other industries in the process.

Key Target Audience:

  • LiDAR Sensor Manufacturers
  • Software Developers
  • Research Institutions and Universities
  • Distributors and Resellers



List of the Key Players Profiled in the Report Includes:

  • Geokno
  • FARO Technologies, Inc.
  • RoboSense LiDAR
  • Hexagon AB
  • Quanergy Systems, Inc.
  • Innoviz Technologies Ltd.
  • Outster Inc.
  • NV5 Inc.
  • LeddarTech Inc.
  • Beijing SureStar Technology Co. Ltd.
  • RIEGL Laser Measurement Systems GmbH
  • Sick AG
  • Teledyne Technologies
  • Topcon Positioning Systems, Inc.
  • Trimble Inc.
  • Valeo
  • Velodyne LiDAR



Recent Developments:

  • In March 2023, Valeo has revealed securing two significant contracts for its third-generation LiDAR technology. The company announced that its SCALA? 3 LiDAR has been selected by a prominent Asian manufacturer and a leading American robotaxi company. With these new contracts, Valeo has amassed orders exceeding 1 billion euros for SCALA? 3. Valeo’s earlier versions, SCALA? 1 and 2, facilitated conditional autonomous driving in traffic congestion. However, SCALA? 3 significantly expands the operational domain of private vehicles, enhancing customer value through broader use cases and increased support for higher speeds. Additionally, Valeo emerges as a frontrunner in robotaxi equipment, as SCALA? 3 empowers clients to realize large-scale robotaxi deployments using a proven, top-tier technology available in mass production.



Market Segmentation:
The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Product Type:

  • Airborne LiDAR
  • Terrestrial LiDAR
  • Mobile & UAV



Market by, Technology:

  • 1D
  • 2D
  • 3D



Market by, Component:

  • Laser Scanner
  • Navigation & Positioning Systems
  • Other Components



Market by, Application:

  • Engineering
  • Corridor mapping
  • Environment
  • ADAS & Driverless car
  • Urban planning
  • Cartography
  • Meteorology
  • Exploration
  • Other Applications



Market by, Geography:
The LiDAR market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:

  • North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
  • Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
  • Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
  • South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
  • Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis



What Can be Explored with this Research Report:

  • Understand the key trends that will drive the market and the challenges it faces in the current market scenario
  • Identify growth opportunities
  • Porter’s five force analysis
  • In-depth analysis of market segments, and regions/countries predicted to observe promising growth
  • Historical and forecast size of the market in terms of revenue (USD Million)
  • Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted