The global light detection and ranging (LiDAR) market size stood at USD 1.32 billion in 2018 and is projected to reach USD 6.71 billion by 2026, exhibiting a CAGR of 22.7% during the forecast period.

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Light detection and Ranging (LiDAR), is an advanced remote sensing system that is used to detect, identify, and create a precise 3-D virtual image of an object. LiDAR is used to create 3D and 2D images with the help of a high-intensity laser tool, micro electro mechanical system (MEMS) scanner and a GPS trans-receiver. LiDAR is used in a wide range of applications including seismology, geomatics, airborne laser swath mapping, atmospheric physics, archaeology, geomorphology and others. Additionally, industries such as automotive, aerospace & defense, healthcare and others use LiDAR system in multiple applications. In the automotive industry, LiDAR technology is used to navigate and control autonomous car.

Advanced 3D and 4D LiDARs are extensively deployed in various smart city projects to create maps as well as explore the construction area more precisely. With considerable growth of smart city projects and industrial manufacturing applications, the demand for 4D and 3D imaging solutions is also rising significantly. The customary 3D imaging technologies including camera, radar and others cannot detect small objects up to the microscopic level. Whilst, LiDAR technology uses a shorter wavelength to detect objects up to microscopic level with a high degree of precision and creates a replica of the object. With these exceptional capabilities, LiDAR systems are also used in various industrial applications including robotics, factory automation, semiconductor manufacturing, and others. Moreover, manufacturing companies are deploying LiDAR systems in their units to identify and solve various complex problems while concurrently creating high-precision 3D models.

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LiDAR comprises of micro electro mechanical system (MEMS) scanner that provides high signal to background ratio under high operability. With these capabilities, LiDAR provides accurate information even with obstructions including wall, bridges, tunnels and others. LiDAR in the geospatial industry is used to collect data in dark regions and can be operated in any weather conditions.

Several companies are manufacturing advanced LiDAR systems based on cloud, to store limitless amounts of LiDAR and GIS data on safe web servers. For instance, companies are adopting Dielmo Server Technology, to develop advanced LiDAR systems and related tools to host unlimited data over a safe web server. LiDAR system is based on the cloud platform and is preferred over other conventional methods of surveying. This technology helps to create an exact 3D replica of the object without any damaging of pixels.

MARKET DRIVERS

“Rising Emergence of Innovative 3D and 4D imaging technology to Offer Traction for the Adoption of LiDAR”

Rising demand for advanced 3D imaging technology from various surveillance and security applications is offering traction for the adoption of LiDAR. Also, the rising demand for aerial LiDAR systems from mapping and cartography to explore and detect several unexplored places and historical details are driving the LiDAR market. One of the significant features of LiDAR is to offer exceptional accuracy in detection of water runoff for agriculture or mining sites, various climatic changes on hillsides, inland waterflow and others. LiDAR is used in various applications including 3D mapping, city planning, corridor planning, exploration, and others. The installation base of LiDAR in these applications are increasing exponentially. With this rise, the market growth of LiDAR is expected to grow with an exceptional CAGR during the forecast period.

“Rising Demand for LiDAR from UAVs, Engineering, and Construction Applications Will Facilitate Growth of the Market”

Ground-based LiDARs are widely deployed across a range of applications, including unmanned aerial vehicle (UAVs), advanced driver-assistance systems (ADAS), meteorology, and others. With the increasing growth of these applications, market demand for LiDAR would also rise accordingly. In the construction industry, LiDAR is highly used to create an exact 3D replica of the building and cities without hindrance. Major companies in this market are focused on developing and launching an advanced LiDAR system for construction applications. For instance, in April, 2018, Trimble Inc. launched advanced new green beam lasers – the spectra precision LT52G and LT58G. These devices offer enhanced characteristics in terms of pixel density, brightness, versatility, and others.

In various countries including U.S., Japan and others, self-driving autonomous cars are approved by the government. These autonomous cars are equipped with an advanced LiDAR system that helps to detect objects up to the microscopic level with a high degree of precision, and creates an exact 3D replica of the object. With the rising demand for autonomous cars, there will be a subsequent rise in the demand for advanced LiDAR in the forecast period.

SEGMENTATION

By Type Analysis

“Rising Demand for 3D Flash LIDAR from Autonomous Applications Aid to Boost Market Growth”

Based on the type, the market is classified into mechanical and solid-state LiDAR systems. Among all the types, solid-state LiDAR is expected to grow with the highest CAGR during the forecast period, as it is a commercial and flexibly deployed across various sectors. A solid-state LiDAR is fabricated on a silicon chip and does not need any moving parts to function. Solid-state LiDAR offers various types of LiDAR types including micro-electro-mechanical systems (MEMS), optical phase array (OPA), and flash LiDAR. These types of LiDARs are in an emerging stage and highly preferred by autonomous vehicle and defense sector. Flash LiDAR is usually deployed in autonomous car equipped with ADAS capabilities and industrial robotics application, where high speed and precision is required to create infographics. According to sources, by the end of 2030, around 10 million vehicles would be enabled with autonomous driving capabilities and nearly 49 million vehicles would be equipped with ADAS and automation features. Furthermore, in the U.S., researchers at National Oceanic and Atmospheric Administration (NOAA) are planning to implement advanced Flash LiDAR to increase the accuracy of the weather forecast.

Whereas, the mechanical LiDAR segment is expected to dominate the market size in 2018. Mechanical LiDAR has been expansively deployed in autonomous vehicles owing to its high reliability & precision capabilities.

By Deployment Analysis

“Increasing Acknowledgement of Corridor Mapping and Environment Applications Will Fuel Demand for Ground-based LiDAR”

Based on the deployment, the study covers ground-based and airborne LiDAR systems. Ground-based LiDAR is projected to dominate the light detection and ranging market during the forecast period. Ground-based LiDAR is implemented extensively in a wide range of applications namely ADAS & driverless cars, meteorology, corridor mapping among others. Ground-based LiDARs are used to scan, detect, and create projection analysis of vertical foothills and rocky slopes over hillsides and canyon walls. For instance, GEER (Geotechnical Extreme Events Reconnaissance) partnered with EERI (Earthquake Engineering Research Institute), to deploy ground-based LiDAR. These ground-based LiDAR helps to collect damage morphology data with high precision rate, speeds, and across a wide range of applications, that was formerly inconceivable in the natural disaster including flood and earthquake. Therefore, earth observation may significantly stimulate market growth.

Further, airborne LiDAR is an accurate method of developing digital elevation models. Airborne LiDAR offers enhanced precision and larger area and provides more wide-area mapping in moderately fewer time intervals.

By Applications Analysis

“Growing Implementation of Network and Infrastructure Management Services will Fuel the Demand”

Based on application, the market is divided into mapping and cartography, ADAS (advanced driver-assistance System), surveillance, environment, exploration and detection and others (meteorology, etc.). The mapping and cartography segment accounted for around 28% of revenue share in the global LiDAR market in 2018.

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The growth associated with mapping and cartography segment is attributable to the rising demand for the LiDAR systems in network and infrastructure management services in various subdomains of industries such as oil & gas, utilities, roads, railway and others. The ADAS segment is estimated to grow with the highest rate during the forecast period. This growth is likely due to the rising deployment of LiDAR-based sensors in automotive safety and manufacturing applications. The deployment of map-enabled systems based on LiDAR technology in automobiles offer various advanced functions including driver assistance systems, lane departure systems, and autonomous driving systems.

By Industry Analysis

“Rising Adoption of ADAS Application in Automotive and Aerospace & Defense aid to Drive the Market Growth”

Based on industry, the market is divided into automotive, aerospace and defense, healthcare, IT & telecom, oil & gas and other (manufacturing, mining, etc.). Out of all the segments, automotive dominated the market by seizing maximum revenue shares in the market in 2018. This growth in this segment is owing to the rising demand for the LiDAR systems in applications like ADAS and autonomous cars. Driver assistance systems and low-speed collision avoidance systems are the emerging LiDAR technologies widely used in the automotive industry. These technologies offer enhanced monitoring and guidance features to the driver for the success of self-driving cars, even without a human driver. In the healthcare industry, 3D LiDAR imaging system, in combination with radar, is widely used to identify tumors in the body. Also, this hybrid LiDAR-radar system is used to detect the presence of any objects like cancerous tumors, infections within tissues and others. This technique helps to differentiate scattered images associated with a cancerous area from the scattered or backscattered image associated with healthy tissue.

REGIONAL ANALYSIS

Under the scope of the study, the regional segment is divided into five major regions including North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. North America is estimated to capture the highest market share in the light detection and ranging market during the forecast period. North America made a notable revenue in the LiDAR market in 2018. This growth is due to the increasing number of emerging startups, rising adoption of core 3D and 4D imaging technologies, and emerging adoption of solid-state LiDAR systems across various applications. Key companies in this region are investing robustly in various projects that would contribute considerable growth for the light detection and ranging market. For instance, in the U.S., “Google Car” is one of the emerging project based on LiDAR technology. Increasing implementation of integrated LiDAR systems in applications such as ADAS and surveillance is also likely to contribute in the growth of North American LiDAR market.

Major companies in this market are focused on strategic collaboration and partnerships with other players to develop and expand their 3D imaging solutions business units. For instance, in December 2018, Velodyne partnered with Nikon Corporation as a strategic investor to initiate a business alliance. This partnership provides drift for the manufacturing of LiDAR for autonomous and advanced safety applications.

North America LiDAR Market Size, 2018 (USD Billion)

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In the LiDAR market, APAC is anticipated to experience high CAGR during the forecast period. The growth in this region is attributable to the increasing demand for the LiDAR systems in the manufacturing and IT & telecommunication industry. Key companies in this region are focusing on mergers and collaborations with other players to develop and launch advanced LiDAR products. The market growth in countries such as India and Korea are expected to witness an exceptional CAGR during the forecast period primarily due to rising investments done by the government and foreign investors. For instance, in India, the National Highways Authority of India (NHAI) declared the LiDAR survey mandatory before and after the construction of highways, tunnels, buildings and others. Currently, the government of India is exploring the benefits of using LiDAR in various surveys by increasing their investments. With these initiatives from the governments of the emerging countries in this region are driving the growth of the light detection and ranging market.

In Europe, the market trend is significantly driven by increasing expansion undertakings by major companies in emerged countries, such as U.K., Germany, France, and others. The market growth in this region is attributable to the rising demand for mechanical LiDAR in industries including automotive, manufacturing, and industrial purpose. Further, growth in this region is owing to the presence of key companies namely Hexagon AB, Sick AG, Leosphere and others. These evolving factors will support the development of the market, thereby driving the LiDAR market growth and market size. Market growth in regions including Latin America and MEA is projected to grow with a steady CAGR during the forecast period. This ongoing growth is owing to rising initiatives and investments done by government and local players.

INDUSTRY KEY PLAYERS

“Major Players including the Sick AG, Hexagon AB and Others are Aiming towards Enhancing Their LiDAR Business Unit”

Sick AG, a German-based company, is a manufacturer of advanced sensors and related solutions for industrial applications. Under their wide product portfolio, the company provides 3D LiDAR sensors, 3D laser scanners, photoelectric sensors, safety switches, encoders and others. Currently, the company is focused on developing advanced 4D LiDAR sensors that would be served across a wide range of industries including factory automation, logistics automation and process automation. The company developed 3D LiDAR sensors, that are ideally suitable for applications namely collision protection on automated vehicles, scanning of objects and others. In August 2018, Sick AG developed and launched MRS1000 and LMS1000 infrared LiDAR sensors, which elevated the bar with high-precision, reliable distance sensing and ranging.

LIST OF KEY COMPANIES PROFILED:



Beijing SureStar Technology Co.Ltd.



FARO Technologies, Inc.



HEXAGON



Leica Geosystems



RIEGL Laser Measurement Systems GmbH



SICK AG



Teledyne Technologies



Trimble Inc.



Velodyne Lidar, Inc.



YellowScan



REPORT COVERAGE

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The report presents a comprehensive assessment of the global LiDAR market by offering valuable insights, facts, industry-related information, and historical data. Several methodologies and approaches are adopted to make meaningful assumptions and views. Furthermore, the report offers a detailed analysis and information as per market segments, helping our readers to get a comprehensive overview of the global market.

Report Scope & Segmentation









ATTRIBUTE





DETAILS









Study Period





2015-2026









Base Year





2018









Forecast Period





2019-2026









Historical Period





2015-2017









Unit





Value (USD billion)









Segmentation





By Type



Mechanical



Solid-state











By Deployment



Ground-based



Airborne











By Application



Mapping and Cartography



ADAS (Advanced driver-assistance System)



Surveillance



Environment



Exploration and Detection



Others (Meteorology, etc.)











By Industry



Automotive



Aerospace and Defense



Healthcare



IT & Telecom



Oil & Gas



Other (Manufacturing, Mining, etc.)











By Region



North America (U.S. and Canada)



Europe (U.K., Germany, France, Italy, Spain, and Rest of Europe)



Asia Pacific (China, Japan, India, Southeast Asia, and Rest of Asia Pacific)



Middle East & Africa (GCC, South Africa, and Rest of Middle East & Africa)



Latin America (Brazil, Mexico, and Rest of Latin America)











INDUSTRY DEVELOPMENT: