LiDAR Market Development, Key Opportunities and Analysis of Key Players to 2030
LiDAR Market Overview:
Maximize Market Research, a distinguished international business consultancy firm, has introduced its most recent publication, LiDAR Market. With an extensive client base spanning over 34 nations, Maximize Market Research caters to the requirements of both large corporations and medium-sized enterprises on a worldwide level. According to research analysts, the Asia Pacific region stands out as a highly promising opportunity for both the LiDAR market and component manufacturers in the upcoming decade. The report conducts a thorough evaluation of the market, including its performance post-Covid lockdown, revealing that despite economic slowdown, the market displays a favorable upward trend.
Market Value :
Global LiDAR Market was worth US$ 1.59 Bn. in 2022 and total revenue is expected to grow at a rate of 20.7 % CAGR from 2022 to 2029, the LiDAR Market is reaching almost US$ 5.95 Bn. in 2029.
For a more in-depth understanding of the market analysis, please refer to the summary of the research report:
LiDAR Market Report Scope and Research Methodology
The competitive landscape of the LiDAR market encompasses key elements such as financial stability, portfolio composition, technology adoption, merger and acquisition activity, joint ventures, and strategic alliances. The report employs a thorough analysis to delve into market dynamics that impact LiDARs, exploring opportunities, restrictions, and challenges. A bottom-up methodology is employed to gather insights on market estimates and growth rates. Robust regional analysis further examines market penetration, pricing dynamics, demand patterns, and the competitive landscape at local, regional, and global levels.
The study serves as a fundamental resource, providing essential details about players, investors, and newcomers in the LiDAR market. This knowledge proves invaluable for developing successful marketing plans and making informed investment decisions.
LiDAR Market Segmentation:
The market is divided into two segments based on installation: airborne and ground-based. The airborne segment is expected to account for the largest share of the market, growing at a CAGR of **% over the forecast period as more aerial mapping equipment is adopted.
The market is segmented by component, including GPS, Navigation (IMU), Laser Scanners, and Mobile & UAV. Laser scanners are used to record an intensity value in order to generate a return signal strength that can help distinguish between objects with varying reflectivities.
The market is segmented by application, including corridor mapping, ADAS and driverless cars, engineering, and others. The corridor mapping application is expected to grow modestly, but its overall market share will decline.
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LiDAR Market Regional Insights
The LiDAR market segments include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report’s Regional Analysis provides a comprehensive understanding of the LiDAR industry in different nations, analyzing market size, growth rate, import and export by region, and other relevant parameters.
Key Companies in the LiDAR Market:
1. Leica Geosystems Holdings AG
2. Teledyne Optech Inc.
3. Quantum Spatial, Inc.
4. Faro Technologies, Inc.
5. Velodyne LiDAR, Inc.
6. Sick AG
8. Trimble, Inc.
9. RIEGL USA
11.Beijing Surestar Technology
14.Topcon Positioning Systems Inc.
16.Trimble, Inc. (US)
20.Phoenix LiDAR Systems
22.Quanergy Systems, Inc.
23.Innoviz Technologies Ltd.
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About Maximize Market Research:
Maximize Market Research is a versatile market research and consulting organization, comprised of experts from diverse industries. Our scope spans various sectors, including medical devices, pharmaceutical manufacturing, science and engineering, electronic components, industrial equipment, technology and communication, automotive, chemicals, general merchandise, beverages, personal care, and automated systems. Our services encompass validated industry forecasts, in-depth technical trend assessments, vital market research, strategic consultancy, competitive analysis, production and demand evaluations, as well as client impact studies.
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