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LiDAR Market Growing Rapidly with Trends, Development, Investment Opportunities, Size, Share, Revenue, Demand and Forecast to 2028

The report aims to provide an overview of Global LiDAR Market along with detailed segmentation of market by segment type, component, application, and five major geographical regions. Global LiDAR market is expected to witness growth during the forecast period due to rising demand for 3D imagery in several end-use applications including construction, transportation, defense, and power transmission among others.A LiDAR i.e. Light Detection and Ranging is a remote sensing technology that makes use of light to measure ranges. This is done by measuring scattered light. LiDAR, unlike radar, makes use of shorter wavelength whereas radar makes use of radio waves for measuring targets. Additionally, surging adoption of advanced ADAS systems is impacting positively on the automotive LiDAR market. Thus, the rising automotive manufacturing is playing a major role in driving the automotive LiDAR market in the current scenario. A similar trend is also foreseen to drive the market in the coming years.

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List Of TOP KEY PLAYERS in LiDAR Market Report are –

  • Teledyne Optech Inc.
  • Faro Technologies, Inc.
  • Quantum Spatial, Inc.
  • Velodyne LiDAR, Inc.
  • Riegl Laser Measurement Systems GmbH
  • Leica Geosystems Ag
  • Trimble Inc.
  • Quanergy Systems
  • LeddarTech
  • 3D Laser Mapping Inc.

Synopsis Of LiDAR Market :

The notable adoption by the automotive OEMs is paving the future path of electronics in the automotive industry. Apart from the above mentioned electronics, there are other electronics embedded with advanced technologies. Power steering, heat control, tire pressure monitoring systems (TPMS), infotainment, and anti-lock braking system among others. These electronic components comprise of several semiconductor products, which includes sensors, actuators, and micro-controllers among others. The advancements in these systems is extensively driving the market for vehicle electronics, which in turn is boosting the automotive LiDAR market in the present market status.

In the new era of global automotive industry, the demand for numerous vehicle electronics is significantly increasing. This has led the automotive industry to witness the innovation and emergence of technologies such as cameras, thin-film transistors, and clusters among others. Cameras such as lane departure warning camera, reverse parking camera, and front camera among others are rapidly growing in all segments of vehicles, which is driving the market in the present scenario.

aligning with the company’s mission to provide LiDAR solutions that are available and affordable at a massive scale. Innoviz has expanded globally with the opening of offices in four new countries including the U.S., Germany, China and Japan. Further, in the same year, Continental and EasyMile inaugurated new autonomous driving R&D team in Singapore. The new joint team’s work focus was to develop new technology centered on perception and deep learning and to prepare autonomous vehicle (AV) technology for tests towards safe deployments on private grounds and public roads in the Singaporean metro area.

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LiDAR Market : Segments

LiDAR market by component is segmented into photodetectors, integrated circuits, laser, optical elements, and others. Laser segment dominate the automotive LiDAR market heavily and is expected to continue its dominance throughout the forecast period from 2019 – 2027. The laser produces energy of pulses. The near-infrared wavelengths are utilized for the most terrestrial LiDAR-based applications. Fiber-lasers and laser-diodes are widely used sources in the LiDAR systems. An ideal LiDAR system is encompassed with a laser source with an eye-safe wavelength having sufficient power to locate dark obstacles standing at a distance of 100 m to 10 cm and performing at the temperatures from -40 C to 85 C.

The objectives of this report are as follows:

– To provide overview of the global LiDAR market
– To analyze and forecast the global LiDAR market on the basis of type, component and application.
– To provide market size and forecast till 2028 for overall LiDAR market with respect to five major regions, namely; North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM), which are later sub-segmented across respective major countries.
– To evaluate market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend.
– To provide exhaustive PEST analysis for all five regions.
– To profiles key LiDAR players influencing the market along with their SWOT analysis and market strategies.

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With tables and figures, helping analyze worldwide Global LiDAR Market Forecast provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the Market.

Major Table Of Contents:

  1. Introduction
  2. Key Takeaways
  3. Research Methodology
  4. Market Landscape
  5. Key Market Dynamics
  6. LiDAR Market – Global Market Analysis
  7. Global LiDAR Market Analysis – By Technology
  8. Global LiDAR Market Analysis – By End User
  9. LiDAR Market – Geographic Analysis
  10. Industry Landscape
  11. Company Profiles
  12. Appendix

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About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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Contact Person: Sameer Joshi

E-mail: sales@theinsightpartners.com

Phone: +1-646-491-9876

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