LIDAR Market by Product (Aerial, Ground-Based, UAV, and Solid-State), Application (Corridor Mapping, Engineering, ADAS & Driverless Car, Exploration, Urban Planning, Cartography, & Meteorology), Component, Services, and Geography - Global Forecast to 2022
The market was valued at USD 1,429.7 million in 2016 and is expected to reach USD 5,204.8 million by 2022, at a CAGR of 25.8% between 2017 and 2022. The major factors which drive the market are a rise in encouragement from the governments and institutes for the adoption of LiDAR, increasing application of LiDAR in engineering projects, and technological superiority of LiDAR technology.
“LiDAR market for ADAS and driverless cars is expected to grow at a rapid rate”
ADAS and driverless car application segment is expected to show remarkable growth during the forecast period. This growth can be attributed to the growing investment in the automotive industry for autonomous or driverless cars and increasing use of solid-state LiDAR in automotive applications for advanced driver assistance systems (ADAS).
“Solid-state LiDAR expected to hold the largest size of the LiDAR market during the forecast period”
The market for solid-state segment is expected to grow at the highest rate during the forecast period. Increasing investment in ADAS and driverless cars is a major factor driving the market for solid-state LiDAR. Increasing application of solid-state LiDAR in the automotive industry is accelerating the speed of its development. Solid-state LiDAR systems are used to analyze and scan the environment; they make 3D images and process these images to perform controlling functions for driverless cars. Moreover, in ADAS application, they assist the driver in the driving process, ensuring safety and better driving.
“LiDAR market for laser scanners is expected to grow at a rapid pace between 2017 and 2022”
The market for laser scanners is expected to grow at the highest CAGR during the forecast period. The laser scanner is used to scan and to generate 3D images of the scanned areas. A rapid development of laser technology and increasing demand for LiDAR system contribute to the highest growth rate of the market for laser scanners. Laser scanners provide a high degree of accuracy, deliver better image quality, and can operate in extreme and challenging environments to collect, exploit, and distribute vital information efficiently.
“LiDAR market in North America expected to grow at the highest rate between 2017 and 2022”
The market in North America is expected to grow at the highest CAGR during the forecast period. Growing awareness, increasing adoption of LiDAR in various applications, and easy functionality, better quality, less complexity, and improved features are the factors fueling the growth of the market in the region.
Breakdown of the profile of primary participants:
- By Company Type: Tier 1 = 55%, Tier 2 = 20%, and Tier 3 = 25%
- By Designation: C-Level = 75%, and Managers = 25%
- By Region: North America = 20%, APAC = 40%, Europe = 30% and RoW = 10%
Research Coverage:
In this report, various segments such as product, application, component, services, and geography have been covered. It also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. The report gives a detailed view of the market across four main regions: North America, Europe, APAC, and RoW. The Porter’s five forces analysis has been included in the report, along with the description of each of its forces and their impact on the market.
Reasons to buy the report:
- This report includes the market statistics pertaining to product, application, component, services, and geography.
- The Porter’s five forces framework has been utilized along with the value chain analysis to provide an in-depth insight into the LiDAR market.
- Major drivers, restraints, challenges, and opportunities for the LiDAR market have been detailed in this report.
- Illustrative segmentation, analysis, and forecast for markets based on product, application, component, services, and geography have been conducted to give an overall view of the market.
- A detailed competitive landscape is given that includes key players, revenue of key players, and strategic developments.
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 SCOPE OF THE STUDY
1.3.1 MARKETS COVERED
1.3.2 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 breakdown of primaries
2.1.2.2 Key data from the primary sources
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.1.3.1 key industry insight
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for capturing the market share by top-down analysis (supply side)
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 RESEARCH ASSUMPTION
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN THE LIDAR EQUIPMENT MARKET
4.2 LIDAR MARKET, BY APPLICATION
4.3 LIDAR MARKET IN NORTH AMERICA, BY PRODUCT
4.4 LIDAR MARKET, BY PRODUCT
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 LIDAR LITE
5.3 EVOLUTION
5.3.1 3D LIDAR
5.4 MARKET SEGMENTATION
5.4.1 LIDAR MARKET, BY PRODUCT
5.4.2 LIDAR MARKET, BY COMPONENT
5.4.3 LIDAR MARKET, BY APPLICATION
5.4.4 LIDAR MARKET, BY SERVICE
5.4.5 LIDAR MARKET, BY GEOGRAPHY
5.5 MARKET DYNAMICS
5.5.1 DRIVERS
5.5.1.1 Encouragement from the governments and institutes for adoption of LiDAR
5.5.1.2 Continuously increasing use of drones in various applications
5.5.1.3 LiDAR application in engineering projects and large-magnitude set
5.5.1.4 Technological superiority of LiDAR
5.5.1.5 Automation in LiDAR systems leading to increased efficiency and reduced human efforts
5.5.1.6 Rise in demand for robust security and sensor accuracy
5.5.2 RESTRAINTS
5.5.2.1 High cost of LiDAR and high expense in surveying application
5.5.2.2 Lack of awareness among customers
5.5.3 OPPORTUNITIES
5.5.3.1 Vertical forward integration
5.5.3.2 Automotive sector offers new opportunities for the LiDAR market
5.5.4 CHALLENGES
5.5.4.1 Environment constraints pose a challenge for the use of LiDAR
6 INDUSTRY TREND
6.1 VALUE CHAIN ANALYSIS
6.1.1 LIDAR MARKET VALUE CHAIN
6.1.2 LASER SCANNER VALUE CHAIN ANALYSIS
6.2 PORTER’S FIVE FORCES ANALYSIS
6.2.1 THREAT OF SUBSTITUTES
6.2.2 BARGAINING POWER OF SUPPLIERS
6.2.3 BARGAINING POWER OF BUYERS
6.2.4 THREAT OF NEW ENTRANTS
6.2.5 DEGREE OF COMPETITION
6.3 REGULATORY DATA
7 LIDAR MARKET, BY COMPONENT
7.1 INTRODUCTION
7.2 LASER SCANNERS
7.3 NAVIGATION AND POSITIONING SYSTEMS
7.3.1 GLOBAL POSITIONING SYSTEM (GPS)
7.3.2 INERTIAL MEASUREMENT UNIT (IMU)
7.4 OTHERS
7.4.1 CAMERA
7.4.2 HIGH-PRECISION CLOCK
7.4.3 OTHER ACCESSORIES
8 LIDAR MARKET, BY PRODUCT
8.1 INTRODUCTION
8.2 AERIAL LIDAR
8.2.1 TOPOGRAPHY AERIAL LIDAR
8.2.2 BATHYMETRIC AERIAL LIDAR
8.3 GROUND-BASED LIDAR
8.3.1 MOBILE GROUND-BASED LIDAR
8.3.2 STATIC GROUND-BASED LIDAR
8.4 UAV LIDAR
8.5 SOLID-STATE LIDAR
9 LIDAR MARKET, BY APPLICATION
9.1 INTRODUCTION
9.2 CORRIDOR MAPPING
9.2.1 ROADWAYS
9.2.2 RAILWAYS
9.2.3 OTHERS
9.3 ENGINEERING
9.4 ENVIRONMENT
9.4.1 FOREST MANAGEMENT
9.4.2 COASTLINE MANAGEMENT
9.4.3 POLLUTION MODELING
9.4.4 AGRICULTURE
9.4.5 WIND FARM
9.4.6 PRECISION FORESTRY
9.5 ADAS AND DRIVERLESS CARS
9.6 EXPLORATION
9.6.1 OIL & GAS
9.6.2 MINING
9.7 URBAN PLANNING
9.7.1 TOURISM AND PARKS MANAGEMENT
9.8 CARTOGRAPHY
9.9 METEOROLOGY
9.10 OTHERS
9.10.1 POLICE LIDAR
9.10.2 ROBOTICS
10 LIDAR MARKET, BY SERVICE
10.1 INTRODUCTION
10.1.1 LIDAR DATA PROCESSING
10.1.1.1 Data Acquisition
10.1.1.2 Point Cloud Classification
10.1.1.3 Creation of 3D Visualization
10.2 AERIAL SURVEYING
10.3 ASSET MANAGEMENT
10.4 GIS SERVICE
10.5 GROUND-BASED SURVEYING
10.6 MAPPING AND MODELING
10.7 OTHERS
11 GEOGRAPHICAL ANALYSIS
11.1 INTRODUCTION
11.2 NORTH AMERICA
11.2.1 U.S.
11.2.2 CANADA
11.2.3 MEXICO
11.3 EUROPE
11.3.1 U.K.
11.3.2 FRANCE
11.3.3 GERMANY
11.3.4 REST OF EUROPE
11.4 ASIA PACIFIC
11.4.1 CHINA
11.4.2 JAPAN
11.4.3 SOUTH KOREA
11.4.4 INDIA
11.4.5 REST OF APAC
11.5 REST OF THE WORLD
11.5.1 MIDDLE EAST AND AFRICA
11.5.2 SOUTH AMERICA
12 COMPETITIVE LANDSCAPE
12.1 INTRODUCTION
12.2 MARKET RANKING ANALYSIS: LIDAR MARKET
12.3 COMPETITIVE ANALYSIS
12.3.1 NEW PRODUCT LAUNCHES AND DEVELOPMENTS
12.3.2 PARTNERSHIPS, COLLABORATIONS, AGREEMENTS, AND EXPANSIONS
12.3.3 MERGERS AND ACQUISITIONS
12.3.4 OTHER STRATEGIES
13 COMPANY PROFILE
13.1 INTRODUCTION
13.2 QUANTUM SPATIAL (AEROMETRIC, INC.)
13.3 FARO TECHNOLOGIES
13.4 BEIJING BEIKE TECHNOLOGY CO., LTD (ISURESTAR)
13.5 LEICA GEOSYSTEMS
13.6 TELEDYNE OPTECH INC.
13.7 RIEGL LASER MEASUREMENT SYSTEMS GMBH
13.8 VELODYNE LIDAR, INC.
13.9 YELLOWSCAN
13.10 GEOKNO INDIA PVT. LTD.
13.11 TRIMBLE INC.
13.12 SICK AG
13.13 STARTUP ECOSYSTEM
13.13.1 QUANERGY SYSTEMS, INC.
13.13.2 INNOVIZ TECHNOLOGIES LTD
13.13.3 INNOLUCE BV, AN INFINEON COMPANY
13.13.4 LEDDARTECH
14 APPENDIX
14.1 INSIGHTS OF INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
14.5 AVAILABLE CUSTOMIZATIONS
14.6 RELATED REPORTS
14.7 AUTHOR DETAILS
Table 1 LIDAR MARKET, 2014–2022 (USD MILLION)
Table 2 GOVERNMENT INVESTMENTS IN INFRASTRUCTURE, 1992–2011
Table 3 PASSENGER CARS AND LIGHT COMMERCIAL VEHICLES PRODUCTION, 2013–2016
Table 4 LIDAR MARKET: REGULATORY DATA
Table 5 LIDAR MARKET, BY COMPONENT, 2014–2022 (USD MILLION)
Table 6 LIDAR MARKET, BY PRODUCT, 2014-2022 (USD THOUSAND)
Table 7 LIDAR MARKET, BY PRODUCT, 2014–2022 (USD MILLION)
Table 8 MARKET FOR AERIAL LIDAR, BY PRODUCT, 2014–2022 (USD MILLION)
Table 9 MARKET FOR AERIAL LIDAR, BY APPLICATION, 2014–2022 (USD MILLION)
Table 10 MARKET FOR AERIAL LIDAR, BY REGION, 2014–2022 (USD MILLION)
Table 11 AERIAL LIDAR MARKET FOR BATHYMETRIC, BY APPLICATION, 2014-2022 (USD MILLION)
Table 12 MARKET FOR TOPOGRAPHY AERIAL LIDAR SYSTEMS, BY APPLICATION, 2014–2022 (USD MILLION)
Table 13 MARKET FOR TOPOGRAPHY AERIAL LIDAR, BY REGION, 2014–2022 (USD MILLION)
Table 14 MARKET FOR BATHYMETRIC AERIAL LIDAR, BY APPLICATION, 2014–2022 (USD MILLION)
Table 15 MARKET FOR BATHYMETRIC AERIAL LIDAR, BY REGION, 2014–2022 (USD MILLION)
Table 16 MARKET FOR GROUND-BASED LIDAR, BY PRODUCT, 2014–2022 (USD MILLION)
Table 17 MARKET FOR GROUND-BASED LIDAR, BY APPLICATION, 2014–2022 (USD MILLION)
Table 18 MARKET FOR GROUND-BASED LIDAR, BY REGION, 2014–2022 (USD MILLION)
Table 19 GROUND BASED LIDAR MARKET FOR STATIC LIDAR, BY APPLICATION, 2014-2022 (USD MILLION)
Table 20 MARKET FOR MOBILE GROUND-BASED LIDAR, BY APPLICATION, 2014–2022 (USD MILLION)
Table 21 MARKET FOR MOBILE GROUND-BASED LIDAR, BY REGION, 2014–2022 (USD MILLION)
Table 22 MARKET FOR STATIC GROUND-BASED LIDAR, BY APPLICATION, 2014–2022 (USD MILLION)
Table 23 MARKET FOR STATIC GROUND-BASED LIDAR, BY REGION, 2014–2022 (USD MILLION)
Table 24 MARKET FOR UAV LIDAR, BY APPLICATION, 2014–2022 (USD MILLION)
Table 25 MARKET FOR UAV LIDAR, BY REGION, 2014–2022 (USD MILLION)
Table 26 MARKET FOR SOLID-STATE LIDAR, BY APPLICATION, 2014–2022 (USD MILLION)
Table 27 MARKET FOR SOLID-STATE LIDAR, BY REGION, 2014–2022 (USD MILLION)
Table 28 LIDAR MARKET, BY APPLICATION, 2014–2022 (USD MILLION)
Table 29 MARKET FOR CORRIDOR MAPPING APPLICATION, BY TYPE, 2014–2022 (USD MILLION)
Table 30 LIDAR MARKET FOR CORRIDOR MAPPING, BY PRODUCT, 2014–2022 (USD MILLION)
Table 31 MARKET FOR ENGINEERING APPLICATION, BY PRODUCT, 2014–2022 (USD MILLION)
Table 32 MARKET FOR ENVIRONMENT APPLICATION, BY TYPE, 2014–2022 (USD MILLION)
Table 33 MARKET FOR ENVIRONMENT APPLICATION, BY PRODUCT, 2014–2022 (USD MILLION)
Table 34 AERIAL LIDAR MARKET FOR ENVIRONMENT APPLICATION, BY PRODUCT, 2014–2022 (USD MILLION)
Table 35 GROUND-BASED LIDAR MARKET FOR ENVIRONMENT APPLICATION, BY PRODUCT, 2014–2022 (USD MILLION)
Table 36 MARKET FOR ADAS AND DRIVERLESS CARS, BY PRODUCT, 2014–2022 (USD MILLION)
Table 37 LIDAR MARKET FOR EXPLORATION APPLICATION, BY TYPE, 2014–2022 (USD MILLION)
Table 38 LIDAR MARKET SIZE, FOR EXPLORATION, BY PRODUCT, 2014-2022 (USD MILLION)
Table 39 LIDAR MARKET FOR URBAN PLANNING APPLICATION, BY PRODUCT, 2014–2022 (USD MILLION)
Table 40 LIDAR MARKET FOR URBAN PLANNING APPLICATION, BY TYPE, 2014–2022 (USD MILLION)
Table 41 AERIAL LIDAR MARKET FOR URBAN PLANNING APPLICATION, BY PRODUCT, 2014–2022 (USD MILLION)
Table 42 LIDAR MARKET FOR CARTOGRAPHY, BY PRODUCT, 2014–2022 (USD MILLION)
Table 43 LIDAR MARKET FOR METEOROLOGY, BY PRODUCT, 2014–2022 (USD MILLION)
Table 44 LIDAR MARKET FOR OTHER APPLICATIONS, BY PRODUCT, 2014–2022 (USD MILLION)
Table 45 AERIAL LIDAR MARKET FOR OTHER APPLICATIONS, BY PRODUCT, 2014–2022 (USD MILLION)
Table 46 LIDAR MARKET, BY SERVICE, 2014–2022 (USD BILLION)
Table 47 LIDAR MARKET SIZE, BY REGION, 2014–2022 (USD MILLION)
Table 48 LIDAR MARKET IN NORTH AMERICA, BY COUNTRY, 2014–2022 (USD MILLION)
Table 49 LIDAR MARKET IN NORTH AMERICA, BY PRODUCT, 2014–2022 (USD MILLION)
Table 50 AERIAL LIDAR MARKET IN NORTH AMERICA, BY TYPE, 2014–2022 (USD MILLION)
Table 51 GROUND-BASED LIDAR MARKET IN NORTH AMERICA, BY TYPE, 2014–2022 (USD MILLION)
Table 52 LIDAR MARKET IN EUROPE, BY COUNTRY, 2014–2022 (USD MILLION)
Table 53 LIDAR MARKET IN EUROPE, BY PRODUCT, 2014–2022 (USD MILLION )
Table 54 AERIAL LIDAR MARKET IN EUROPE, BY TYPE, 2014–2022 (USD MILLION)
Table 55 GROUND-BASED LIDAR MARKET IN EUROPE, BY TYPE, 2014–2022 (USD MILLION)
Table 56 LIDAR MARKET IN APAC, BY COUNTRY, 2014–2022 (USD MILLION)
Table 57 LIDAR MARKET IN APAC, BY PRODUCT, 2014–2022 (USD MILLION)
Table 58 AERIAL LIDAR MARKET IN APAC, BY TYPE, 2014–2022 (USD MILLION)
Table 59 GROUND-BASED LIDAR MARKET IN APAC, BY TYPE, 2014–2022 (USD MILLION)
Table 60 LIDAR MARKET IN ROW, BY REGION, 2014–2022 (USD MILLION)
Table 61 LIDAR MARKET IN ROW, BY PRODUCT, 2014–2022 (USD MILLION)
Table 62 AERIAL LIDAR MARKET IN ROW, BY TYPE, 2014–2022 (USD MILLION)
Table 63 GROUND-BASED LIDAR MARKET IN ROW, BY TYPE, 2014–2022 (USD MILLION)
Table 64 RANKING OF THE TOP 5 PLAYERS IN THE LIDAR MARKET
Table 65 NEW PRODUCT LAUNCHES AND DEVELOPMENTS, 2014–2016
Table 66 PARTNERSHIPS, COLLABORATIONS, AGREEMENTS, AND EXPANSIONS, 2014–2016
Table 67 MERGERS AND ACQUISITIONS, 2014–2016
Table 68 OTHER STRATEGIES, 2014–2016
Report Description
The term ‘LiDAR’ is an acronym for Light Detection and Ranging, which has been derived from the common term ‘RADAR’. LiDAR technology has been around in the military and research circles since the early XXs. A typical LiDAR system mainly consists of three major components:- a laser sensor, a Global Positioning System (GPS) unit, and an inertial navigation unit. The LiDAR system sends out laser pulses at the object/area to be mapped, and collects data by recording the pulses reflected by/from the object. In certain instances, as many as XX such pulses are sent out every second.
Early LiDAR systems were very bulky and; thus, were very expensive to operate. In the last two decades, technological progress has brought the size of a LiDAR system down to a point where, LiDAR, as a technology, has become a very accurate and affordable solution. The advancement in the GPS and inertial navigation unit technologies has also propelled the LiDAR market further.
The report segments the LiDAR market on the basis of different types of products, technologies, components used, applications, and geographies. Further, it contains revenue forecast, and analyses trends in the market. The geographical analysis contains an in-depth classification for North America, Europe, and APAC; which consists of major countries covering the market. Further, the Middle-East and Latin America have been classified under the ROW region. Each of these geographies has been further split by the major countries existing in this market. The sections and the sub-segments in the report contain drivers, restraints, opportunities, current market trends, and the technologies expected to revolutionize the LiDAR domain. The report also gives detailed profiles of various companies, currently, active in these markets. In addition to the company profiles, the report does provide a Competitive Landscape (CL) of the key players for each of the markets. The CL covers market share analysis, mergers and acquisitions, collaborations, partnerships, new product developments, and the key growth strategies of each player.
Research Methodology
This research study involved the usage of extensive secondary sources, directories, and databases such as IEEE, WSTS, Hoovers, Bloomberg, Business-week, Factiva, OneSource, and so on; to identify and collect information useful for an extensive technical, market-oriented, and commercial study of this global market. The primary sources are mainly several industry experts from core and related industries; and preferred suppliers, manufacturers, distributors, administrators, solution providers, technology developers, alliances, standards & certification organizations from companies, and organizations related to all the segments of this industry’s value chain. All the primary sources were interviewed to obtain and verify critical qualitative & quantitative information as well as to assess the future prospects.
Value Chain Analysis
The total value chain of the global LiDAR market when viewed from the electronics industry & semiconductor industry point of view, is a broad industry segment-related chain; a complex network/web interconnected between the various players related to the complete market, with several interconnections between them, along with flow of “value” in the form of goods & services.
The complete value chain of the LiDAR industry when classified into industry segments has two major streams – core industry segments and supporting industry segments. Goods & Service, in business terms— “value”, flows among the various industry segments present between the starting point – the raw material suppliers, and the end point – the end-users; mainly, through the core industry segments, with exchange of value at several intermittent stages, along with the supporting industry segments.
Lidar Product Market Overview
Airborne, terrestrial, mobile, and short range LiDAR types are systems considered for the analysis.
The total revenue segmentation of LiDAR market by various product types is given in the table above. In 2012, the total LiDAR market was worth $XX million with maximum contribution from the airborne LiDAR type. One of the reasons for the highest share of airborne LiDAR is its high average selling price. Also, as compared to other types, airborne LiDAR market is mature and, thus, reliable. Thus, it is preferred by users for whom the budget is not a constraint. However, it can be observed that the airborne LiDAR market has the lowest CAGR in the product type list. This indicates the shift in trend in the LiDAR market. Due to the innovations in terrestrial and mobile LiDAR systems, the cost-benefit ratio for these LiDAR types has surpassed that of airborne LiDAR system. It can be said that the terrestrial and mobile LiDAR systems are disrupting the airborne LiDAR market to some extent. The forecasted data points for the year 2018 supports the analysis. In 2018, the mobile LiDAR system and terrestrial LiDAR system is expected to contribute $XX million and $XX million, respectively, to the total estimated market worth $XX million.
