$2.7+ Billion Worldwide LiDAR Industry to 2025 - Featuring Leosphere, Waymo & Valeo Among Others
DUBLIN, July 23, 2020 /PRNewswire/ -- The "LiDAR Market with COVID-19 Impact Analysis by Type (Mechanical, Solid-state), Installation Type, Service (Aerial Surveying, GIS services), Application (Corridor Mapping, Environment, Engineering, ADAS & Driverless Cars), Component, Range, and Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The LiDAR market was valued at USD 981 million in 2019 and is projected to reach USD 2,766 million by 2025; it is projected to grow at a CAGR of 20.7% from 2020 to 2025.
Major factors driving the growth of the LiDAR market include rising adoption of LiDAR systems in UAVs, increasing adoption of LiDAR in engineering and construction applications, use of LiDAR in geographical information systems (GIS) applications, the emergence of 4D LiDAR, and easing of regulations related to use of commercial drones in different applications.
Based on technology, 4D LiDAR to be the fastest-growing technology segment between 2020 and 2025
The growth of 4D LIDAR is attributed to the widespread adoption of 4D LiDAR in applications such as ADAS, driverless cars, and robotics. Autonomous vehicles require detailed understanding regarding the physical world around them, which can be achieved using 4D LiDAR. The adoption of 4D LiDAR would help in gaining a high level of automation in self-driving cars, robots, and other autonomous systems.
Based on installation type, ground-based LiDAR to be the fastest-growing installation type between 2020 and 2025
Ground-based LiDAR scanning technology is widely used across a wide range of applications, such as mapping, engineering, environment, and meteorology. Ground-based LiDAR systems are either stationary or movable and are further segmented into static LiDAR and mobile LiDAR. Ground-based LiDAR is typically mounted on a tripod or placed on a moving platform, for example, vehicles. These systems are less costly as compared to airborne-LiDAR systems.
Based on application, ADAS & driverless cars to be the fastest-growing application between 2020 and 2025
The automotive industry is looking forward to autonomous vehicles and assisted technologies. Automotive companies are coming up with innovative technologies in advanced driver assistance systems (ADAS) using new and affordable sensors. Rising adoption of solid-state LiDAR in ADAS and driverless cars for assuring safety is expected to boost the market in the coming years. Moreover, automotive giants are adopting LiDAR systems for their L3 level vehicles, which is expected to have a positive impact on the sales of these vehicle types.
APAC LiDAR market to record highest growth rate during forecast period
The LiDAR market in the APAC region is expected to grow at the highest CAGR during the forecast period. The growth of this market can be attributed to the increase in surveying and mapping operations due to increasing infrastructural development, focus on forest management, and mining activities in the region. The increasing applications of airborne and ground-based LiDAR systems and the growing number of surveying and mapping activities in the region are anticipated to drive the demand for LiDAR in APAC.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Lidar Market
4.2 Lidar Market, by Type
4.3 Lidar Market, by Application and Region
4.4 Country-Wise Lidar Market Growth Rate
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Adoption of Lidar Systems in UAVs
5.2.1.2 Increasing Adoption of Lidar in Engineering and Construction Applications
5.2.1.3 Use of Lidar in Geographical Information System (GIS) Applications
5.2.1.4 Emergence of 4D Lidar
5.2.1.5 Easing of Regulations Related to the Use of Commercial Drones in Different Applications
5.2.2 Restraints
5.2.2.1 Safety Threats Related to UAVs and Autonomous Cars
5.2.2.2 Easy Availability of Low-Cost and Lightweight Photogrammetry Systems
5.2.3 Opportunities
5.2.3.1 Increasing Investments in Lidar Startups by Automotive Giants
5.2.3.2 Opportunities for Swir-Based Design in the Long Term
5.2.3.3 Technological Shifts With the Adoption of Solid-State, Mems, Flash Lidar, and Other Lidar Technologies
5.2.3.4 Development of Better Geospatial Solutions Using Sensor Fusion
5.2.3.5 Initiatives Undertaken by the Governments of Different Countries to Encourage the Use of Lidar Drones for Large-Scale Surveys
5.2.4 Challenges
5.2.4.1 High Cost of Lidar Services and Limited Availability of Geospatial Data
5.3 Lidar Value Chain
6 Case Studies
6.1 Game of Thrones (Vektra, D.O.O. and Teledyne Optech)
6.2 Redesigning Roads With Uav (Yellowscan and Velodyne Lidar, Inc.)
6.3 Visualizing the Site of the Chernobyl Red Forest (Routescene and Velodyne Lidar, Inc.)
6.4 Improving Transportation for People With Disabilities (Robotic Research and Velodyne Lidar, Inc.)
7 Lidar Market, by Technology
7.1 Introduction
7.2 2D Lidar
7.2.1 2D Lidar is Suitable for Detection and Ranging Tasks
7.3 3D Lidar
7.3.1 3D Lidar Can Be Used Widely for Real-Time 3D Data Acquisition
7.4 4D Lidar
7.4.1 4D Lidar Expected to Be Widely Adopted in Automobile Applications
8 Lidar Market, by Component
8.1 Introduction
8.2 Laser Scanners
8.2.1 Laser Scanners Are Used to Scan Environment and Detect Lidar Data
8.3 Navigation and Positioning Systems
8.3.1 GPS
8.3.1.1 Using Lidar in Conjunction With Gps Helps Increase the Accuracy of Measurement Devices
8.3.2 Imu
8.3.2.1 Use of Imu Helps Get the Pitch, Roll, and Yaw Measurements
8.4 Others
8.4.1 Camera
8.4.1.1 Lidar Combined With the Camera Provides More Accuracy and Colorful Images
8.4.2 High-Precision Clock
8.4.2.1 High-Precision Clock Records the Time Laser Pulse to Return to the Scanner
8.4.3 Other Accessories
9 Lidar Market, by Type
9.1 Introduction
9.2 Mechanical
9.2.1 Large Size of Mechanical Lidar Attributed to the Use in Mapping and Engineering Applications
9.3 Solid-State
9.3.1 Solid-State Lidar Expected to Gain Traction Due to Compact Size, Low Cost, and Significant Adoption in Automotive Applications
10 Lidar Market, by Installation Type
10.1 Introduction
10.2 Airborne Lidar
10.2.1 Topographic
10.2.1.1 Ability of Topographic Lidar to Perform Well in Environmental Applications Driving its Market
10.2.2 Bathymetric Lidar
10.2.2.1 Bathymetric Lidar is Used in the Mapping of Water Bodies
10.3 Ground-Based Lidar
10.3.1 Mobile Lidar
10.3.1.1 Mobile Lidar Has Gained Traction in the Market Due to the Adoption in Automotive and Transportation Application
10.3.2 Static Lidar
10.3.2.1 Static Lidar Has Gained Importance Due to its Adoption in a Variety of Indoor Applications
10.4 Impact of COVID-19 On Lidar With Different Installation Types
10.4.1 Most Impacted Installation Type
10.4.1.1 Airborne Lidar
10.4.2 Least Impacted Installation Type
10.4.2.1 Ground-Based Lidar
11 Lidar Market, by Range
11.1 Introduction
11.2 Short
11.2.1 Wide Adoption in Automotive and Robotics Applications to Provide Opportunities for Short-Range Lidar
11.3 Medium
11.3.1 Medium-Range Lidar Expected to Witness Significant Growth Due to the Use in Engineering and Environment Applications
11.4 Long
11.4.1 Increasing Use of Long-Range Lidar in Surveying and Mapping Applications to Drive this Segment
12 Lidar Market, by Service
12.1 Introduction
12.1.1 Lidar Data Processing
12.1.2 Data Acquisition
12.1.3 Point Cloud Classification
12.1.4 3D Visualization
12.2 Aerial Surveying
12.2.1 Aerial Surveying is Widely Used to Collect Geomatics Information
12.3 Asset Management
12.3.1 Asset Management is Widely Used in the Utility Industry
12.4 Gis Services
12.4.1 Gis Services Segment to Grow at the Highest Rate
12.5 Ground-Based Surveying
12.5.1 Ground-Based Monitoring Can Provide Accurate Data at a Faster Pace
12.6 Other Services
13 Lidar Market, by Application
13.1 Introduction
13.2 Corridor Mapping
13.3 Engineering
13.4 Environment
13.5 ADAS & Driverless Cars
13.6 Exploration
13.7 Urban Planning
13.8 Cartography
13.9 Meteorology
13.10 Other Applications
13.11 Impact of COVID-19 On Various Applications of Lidar
14 Lidar Market, by Region
14.1 Introduction
14.2 North America
14.3 Europe
14.4 Asia Pacific
14.5 Rest of the World
15 Competitive Landscape
15.1 Overview
15.2 Market Ranking Analysis, 2019
15.2.1 Product Launches and Developments
15.2.2 Partnerships, Agreements, Contracts, and Alliances
15.2.3 Expansions
15.2.4 Acquisitions
15.3 Competitive Leadership Mapping
15.3.1 Visionary Leaders
15.3.2 Innovators
15.3.3 Dynamic Differentiators
15.3.4 Emerging Players
16 Company Profiles
16.1 Introduction
16.2 Key Players
16.2.1 Leica Geosystems Ag
16.2.2 Trimble Inc.
16.2.3 Teledyne Optech
16.2.4 Faro Technologies, Inc.
16.2.5 Riegl Laser Measurement Systems Gmbh
16.2.6 Sick Ag
16.2.7 Quantum Spatial
16.2.8 Beijing Surestar Technology Co. Ltd.
16.2.9 Velodyne Lidar, Inc.
16.2.10 Yellowscan
16.3 Right to Win
16.4 Other Key Players
16.4.1 Geokno India Private Limited
16.4.2 Phoenix Lidar Systems
16.4.3 Leddartech Inc.
16.4.4 Quanergy Systems, Inc.
16.4.5 Innoviz Technologies Ltd.
16.4.6 Leosphere
16.4.7 Waymo Llc
16.4.8 Valeo S.A.
16.4.9 Neptec Technologies Corp.
16.4.10 Ouster, Inc.
16.4.11 ZX Lidars
17 Appendix
17.1 Discussion Guide
17.2 Knowledge Store: Subscription Portal
17.3 Available Customizations
17.4 Related Reports
17.5 Author Details
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