Global LiDAR in Mapping Market

LiDAR in Mapping Market Size, Share, Growth Analysis, By Application(Corridor Mapping Segment, Construction & Surveying), By Technology(Airborne, Terrestrial) - Industry Forecast 2024-2031


Report ID: SQMIG45I2167 | Region: Global | Published Date: April, 2024
Pages: 197 | Tables: 64 | Figures: 75

LiDAR in Mapping Market Insights

Global LiDAR in Mapping Market size was valued at USD 1.88 billion in 2022 and is poised to grow from USD 2.35 billion in 2023 to USD 14.01 billion by 2031, at a CAGR of 25% during the forecast period (2024-2031).

The international LiDAR (Light Detection and Ranging) mapping market has been experiencing robust increase, pushed by increasing calls for correct geospatial facts throughout numerous industries. LiDAR technology uses laser pulses to degree distances and create extraordinarily designated three-D maps, making it invaluable in programs along with city planning, forestry, agriculture, and independent cars. Key drivers include the enlargement of smart cities and infrastructure initiatives, as well as the growing need for disaster control and environmental monitoring. The marketplace has witnessed improvements in LiDAR sensors and data processing software, leading to improved efficiency and affordability. North America dominates the market, observed with the aid of Europe and Asia-Pacific.

However, as the era matures and turns into more fee-effective, rising markets are expected to expose good sized growth. The LiDAR in mapping market is enormously competitive, with key gamers inclusive of Velodyne, Trimble, and Teledyne dominating, at the same time as new entrants preserve to innovate and disrupt the industry. This region is poised for continuous enlargement as LiDAR generation keeps to conform and unearths new programs.

Market snapshot - 2024-2031

Global Market Size

USD 1.88 billion

Largest Segment

Corridor Mapping Segment

Fastest Growth

Corridor Mapping Segment

Growth Rate

25% CAGR

Global LiDAR in Mapping Market by region
Country Share for North America(%)
Global LiDAR in Mapping Market by Application
Global LiDAR in Mapping Market by Application

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LiDAR in Mapping Market Segmental Analysis

The worldwide LiDAR in mapping market is segmented based totally on technology, application, and location. In phrases of technology, it consists of airborne, terrestrial, and cellular LiDAR systems. Applications encompass urban making plans, forestry, transportation, and environmental monitoring. Geographically, it is divided into North America, Europe, Asia-Pacific, and the rest of the arena.

Analysis By Application

The corridor mapping section is the biggest phase of LiDAR within the mapping marketplace, accounting for the biggest market share in 2022. This is due to the growing call for LiDAR inside the construction and infrastructure industries. LiDAR is used to create designated 3D maps of corridors, such as tunnels, bridges, and highways. This information is used to plan and design creation initiatives, in addition to to monitor their progress.

The production & surveying segment is the second biggest phase of LiDAR within the mapping marketplace. This is because of the growing use of LiDAR in a variety of production and surveying applications, which include website online making plans, earthwork, and stockpile size. LiDAR can also be used to create 3-D models of buildings and different structures, which can be used for a variety of purposes, such as structural evaluation and upkeep planning.

Analysis By Technology

The largest section inside the LiDAR in the Mapping Market was the Airborne LiDAR era. Airborne LiDAR structures have been desired for big-scale mapping tasks, inclusive of topographic mapping, land surveying, and forestry control. The capacity to cowl vast regions quickly made it a popular preference for each government and personal area packages.

The UAV LiDAR section turned into one of the quickest-developing segments within the LiDAR in Mapping Market. UAV LiDAR structures supplied price-effective and bendy solutions for quite a few programs, such as precision agriculture, environmental monitoring, and small-area mapping. Advancements in drone technology and LiDAR sensors made this phase attractive to a wide variety of industries.

Global LiDAR in Mapping Market by Application, Mapping (%)

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LiDAR in Mapping Market Regional Insights

North America turned into the most important marketplace for LiDAR in mapping, followed by Europe and Asia Pacific. The high demand for LiDAR in mapping in North America may be attributed to the increasing funding in infrastructure development, the developing recognition of environmental tracking, and the growing adoption of LiDAR inside the car enterprise.

The Asia Pacific vicinity is expected to be the quickest developing marketplace for LiDAR in mapping at some stage in the forecast length. This growth may be attributed to the growing demand for LiDAR inside the creation, mining, and forestry industries. Additionally, the growing focus on smart metropolis development and the increasing investment in authorities programs for environmental tracking also are using the boom of LiDAR in the mapping market inside the Asia Pacific location.

Global LiDAR in Mapping Market by geography, 2024-2031
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  • Fastest

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LiDAR in Mapping Market Dynamics

Drivers

Rising Demand for High-Resolution Mapping

  • The call for excessive-decision, correct, and updated mapping records has been increasing throughout diverse industries such as city making plans, forestry, agriculture, and infrastructure development. LiDAR era offers the capability to capture exact 3-D spatial information, making it a preferred preference for many programs.

Advancements in LiDAR Technology:

  • Continuous improvements in LiDAR hardware and software have led to extended efficiency, reduced charges, and progressed performance. Miniaturization of LiDAR sensors, stronger information processing algorithms, and the development of greater low-priced structures have expanded the accessibility of LiDAR generation to a much broader variety of customers.

Regulatory Initiatives and Regulations

  • Many governments and regulatory bodies are recognizing the price of LiDAR era for various applications, which include catastrophe management, environmental monitoring, and infrastructure planning. Initiatives to create digital elevation fashions, flood threat exams, and clever town making plans are driving the adoption of LiDAR in mapping.

Restraints

High Cost of LiDAR Systems

  • One of the number one barriers to the tremendous adoption of LiDAR era is its excessive value. Acquiring LiDAR equipment and conducting aerial or terrestrial surveys can be costly. This value factor can restrict the adoption of LiDAR in mapping, particularly for smaller businesses and growing countries.
  • Data Processing Challenges: LiDAR statistics is typically huge and complicated, requiring massive computational assets for processing and analysis. This can pose challenges for agencies without getting the right of entry to effective computing infrastructure or knowledge in statistics processing and interpretation.
  • Regulatory and Privacy Concerns: The use of LiDAR for mapping regularly entails shooting specific 3-d records approximately landscapes and built environments, elevating concerns about privacy and safety. There can be regulatory hurdles and public apprehension regarding the gathering and use of such data.

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LiDAR in Mapping Market Competitive Landscape

The international LiDAR (Light Detection and Ranging) in mapping marketplace features excessive competition amongst numerous key gamers. Leading agencies along with Velodyne Lidar, Inc., Trimble Inc., Leica Geosystems AG, and Hexagon AB dominate the marketplace, leveraging their considerable enjoy and technological know-how to offer high-quality LiDAR answers for mapping programs. These corporations always spend money on studies and improvements to decorate LiDAR technology, enhance accuracy, and decrease charges, using innovation in the enterprise. Additionally, partnerships and strategic collaborations are common, as organizations are searching to enlarge their market reach and provide comprehensive mapping solutions. The marketplace also witnesses the emergence of promising startups and niche gamers that focus on specific LiDAR programs or offer price-powerful answers. The competitive landscape is predicted to remain dynamic as improvements in LiDAR era hold to transform the mapping industry, with gamers vying for market share via innovation and strategic alliances.

Top Player’s Company Profiles

  • Luminar Technologies, Inc. - United States
  • Innoviz Technologies, Ltd. - Israel
  • LeddarTech Inc. - Canada
  • Cepton Technologies, Inc. - United States
  • Idriverplus Technology Co., Ltd. - China
  • Livox Technology Company Limited - China
  • RIEGL Laser Measurement Systems GmbH - Austria
  • Sick AG - Germany
  • Trimble Inc. - United States
  • Benewake (Beijing) Co., Ltd. - China
  • Hokuyo Automatic Co., Ltd. - Japan
  • Topcon Positioning Systems, Inc. - United States
  • Leica Geosystems AG - Switzerland (a part of Hexagon)
  • Quantronix, Inc. - United States
  • ZephIR Lidar - United Kingdom
  • Neptec Design Group - Canada
  • RIEGL USA, Inc. - United States

Recent Developments

  • In January 2023, Propex Global, a leading manufacturer of cellulose fibers, received Fibermesh, a company of fiber-strengthened concrete merchandise. This acquisition will allow Propex Global to enlarge its product portfolio and attain new markets.
  • In February 2023, Sika, a Swiss multinational chemical substances, and creation materials organization, acquired Fibertex, a Danish manufacturer of cellulose fibers. This acquisition will allow Sika to reinforce its role in the concrete reinforcement marketplace.
  • In March 2023, Cemex, a Mexican multinational construction materials corporation, received Contech Engineered Solutions, a company of fiber-reinforced concrete merchandise. This acquisition will allow Cemex to extend its product portfolio and offer a more comprehensive method to its customers.

LiDAR in Mapping Key Market Trends

  • Increased Adoption in Autonomous Vehicles: LiDAR technology performs an important role in allowing autonomous vehicles to understand and navigate their surroundings. The improvement and deployment of self-sufficient motors, drones, and different self reliant systems have been riding the demand for LiDAR sensors. The LiDAR era became extra compact, low priced, and able to deal with actual-time records processing, making it a key enabler for self-driving motors.
  • Expanding Applications Beyond Surveying: While LiDAR era initially received prominence in topographic mapping and surveying programs, its usage expanded to an extensive range of industries. This blanketed forestry control, agriculture, city planning, archaeology, and even environmental monitoring. The capacity of LiDAR to provide particularly accurate 3-D spatial statistics changed into making it a valuable device in numerous sectors for choice-making, useful resource management, and chance evaluation.
  • Advancements in LiDAR Technology: The LiDAR enterprise turned into experiencing rapid advancements in the era. Miniaturization of LiDAR sensors, enhancements in scanning speeds, and the improvement of multi-sensor integration (combining LiDAR with other sensor sorts like cameras and radar) were key tendencies. These advancements have been driving down the value of LiDAR structures and making them more reachable to a broader variety of packages and industries.

LiDAR in Mapping Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our analysis, the destiny prospects of the worldwide LiDAR in mapping marketplace appear promising, with sustained increase expected. LiDAR era's capacity to provide notably special and correct three-D maps and statistics is using its adoption throughout numerous industries, together with city planning, agriculture, forestry, and self sustaining cars. Advancements in LiDAR sensors and statistics processing strategies are possible to lessen expenses and decorate capabilities, similarly increasing its marketplace attainment. Additionally, the increasing demand for actual-time, high-resolution mapping statistics for clever cities and environmental tracking applications is expected to fuel market growth. Overall, the Global LiDAR in Mapping Market is poised for continued enlargement within the coming years.

Report Metric Details
Market size value in Mapping USD 1.88 billion
Market size value in 2031 USD 14.01 billion
Growth Rate 25%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Application
    • Corridor Mapping Segment, Construction & Surveying, Transportation, and Environmental Monitoring
  • Technology
    • Airborne, Terrestrial, and Mobile LiDAR Systems
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Luminar Technologies, Inc. - United States
  • Innoviz Technologies, Ltd. - Israel
  • LeddarTech Inc. - Canada
  • Cepton Technologies, Inc. - United States
  • Idriverplus Technology Co., Ltd. - China
  • Livox Technology Company Limited - China
  • RIEGL Laser Measurement Systems GmbH - Austria
  • Sick AG - Germany
  • Trimble Inc. - United States
  • Benewake (Beijing) Co., Ltd. - China
  • Hokuyo Automatic Co., Ltd. - Japan
  • Topcon Positioning Systems, Inc. - United States
  • Leica Geosystems AG - Switzerland (a part of Hexagon)
  • Quantronix, Inc. - United States
  • ZephIR Lidar - United Kingdom
  • Neptec Design Group - Canada
  • RIEGL USA, Inc. - United States
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on LiDAR in Mapping Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on LiDAR in Mapping Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the LiDAR in Mapping Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the LiDAR in Mapping Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the LiDAR in Mapping Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the LiDAR in Mapping Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

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FAQs

LiDAR in Mapping Market size was valued at USD 1.88 billion in 2022 and is poised to grow from USD 2.35 billion in 2023 to USD 14.01 billion by 2031, at a CAGR of 25% during the forecast period (2024-2031).

The international LiDAR (Light Detection and Ranging) in mapping marketplace features excessive competition amongst numerous key gamers. Leading agencies along with Velodyne Lidar, Inc., Trimble Inc., Leica Geosystems AG, and Hexagon AB dominate the marketplace, leveraging their considerable enjoy and technological know-how to offer high-quality LiDAR answers for mapping programs. These corporations always spend money on studies and improvements to decorate LiDAR technology, enhance accuracy, and decrease charges, using innovation in the enterprise. Additionally, partnerships and strategic collaborations are common, as organizations are searching to enlarge their market reach and provide comprehensive mapping solutions. The marketplace also witnesses the emergence of promising startups and niche gamers that focus on specific LiDAR programs or offer price-powerful answers. The competitive landscape is predicted to remain dynamic as improvements in LiDAR era hold to transform the mapping industry, with gamers vying for market share via innovation and strategic alliances. 'Velodyne Lidar, Inc. - United States', 'Luminar Technologies, Inc. - United States', 'Quanergy Systems, Inc. - United States', 'Innoviz Technologies, Ltd. - Israel', 'Ouster, Inc. - United States', 'LeddarTech Inc. - Canada', 'Cepton Technologies, Inc. - United States', 'Idriverplus Technology Co., Ltd. - China', 'Livox Technology Company Limited - China', 'RIEGL Laser Measurement Systems GmbH - Austria', 'Sick AG - Germany', 'Trimble Inc. - United States', 'Benewake (Beijing) Co., Ltd. - China', 'Hokuyo Automatic Co., Ltd. - Japan', 'Topcon Positioning Systems, Inc. - United States', 'Leica Geosystems AG - Switzerland (a part of Hexagon)', 'Quantronix, Inc. - United States', 'ZephIR Lidar - United Kingdom', 'Neptec Design Group - Canada', 'RIEGL USA, Inc. - United States'

The call for excessive-decision, correct, and updated mapping records has been increasing throughout diverse industries such as city making plans, forestry, agriculture, and infrastructure development. LiDAR era offers the capability to capture exact 3-D spatial information, making it a preferred preference for many programs.

Increased Adoption in Autonomous Vehicles: LiDAR technology performs an important role in allowing autonomous vehicles to understand and navigate their surroundings. The improvement and deployment of self-sufficient motors, drones, and different self reliant systems have been riding the demand for LiDAR sensors. The LiDAR era became extra compact, low priced, and able to deal with actual-time records processing, making it a key enabler for self-driving motors.

North America turned into the most important marketplace for LiDAR in mapping, followed by Europe and Asia Pacific. The high demand for LiDAR in mapping in North America may be attributed to the increasing funding in infrastructure development, the developing recognition of environmental tracking, and the growing adoption of LiDAR inside the car enterprise.

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