LiDAR Market Estimation, Global Share, Industry Outlook, Price Trend, Growth Opportunity and Top Regional Forecast 2027

By Rahul Varpe

The LiDAR market is expected to witness substantial growth by 2027 driven by mounting prominence of the technology across varied applications. In addition, surging investment towards the advancement of the technology is anticipated to further support market expansion over the forecast timeline.
Recently, LiDAR technology has found extensive applications in a wide range of sectors, which has accelerated market development across the globe. For instance, in July 2021, Quanergy Systems, a major supplier of OPA-based solid state LiDAR sensors as well as smart 3D solutions for IoT and automotive, expanded its exclusive deal with PARIFEX, a key solution provider in project management for smart cities, for the deployment of its M-Series 3D-LiDAR sensors for highway speed enforcement and monitoring. The project was slated to be deployed initially with the French Ministry of Interior before undertaking global projects.
Moreover, industry players are adopting various strategic initiatives to extend their market presence, which has been favorable for business outlook worldwide. To cite an instance, in July 2021, Cepton, an intelligent lidar-based solutions provider based out of Silicon Valley, announced that it was collaborating with dSPACE, a validation and simulation solutions provider, to facilitate easier adoption of LiDAR in autonomous vehicles (AV), advanced driver assistance systems (ADAS), and other autonomous applications.
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For extensive analysis, the LiDAR market has been bifurcated based on product, type, application, and region. In terms of product, the market has been divided into airborne (topographic and bathymetric), terrestrial (static and mobile), and UAV.
The bathymetric airborne LiDAR segment is estimated to garner a sizable valuation by 2027, growing at a CAGR of over 15% through the assessment timeframe. Mounting demand for mapping across the coastal areas is set to boost segmental adoption in the coming years.
In 2020, the mobile terrestrial LiDAR segment held more than 60% market share and is projected to grow steadily over 2021-2027. Surging investment into LiDAR technology is speculated to fuel segmental demand through the following years.
From the application perspective, the market has been segregated into corridor mapping (railways, roadways, and bridges & tunnels), environment, engineering, exploration & meteorology, cartography, driverless cars, and others. The engineering application segment is anticipated to expand at a CAGR of approximately 15% over the analysis period. Growing prevalence of LiDAR technology across the construction sector is likely to support segmental expansion through 2027.
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The LiDAR market size from the environment application segment is projected to grow at a CAGR of around 20% over the estimated timeline to reach a notable valuation by 2027. Extensive usage in various coastal surveying activities, coupled with the rising number of stringent environmental safety regulations, is foreseen to promote product adoption in the forthcoming years.
With respect to region, the MEA LiDAR market is calculated to progress at above 10% CAGR through the forecast period. Prevalent adoption of autonomous vehicles across the region is expected to bolster market demand in the Middle East & Africa over the study timeline.
Table of Contents
Chapter 1 Methodology & Scope
    	
  • 1.1 Scope & definitions
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  • 1.2 Methodology and forecast parameters
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  • 1.3 COVID-19 impact	
      		
    • 1.3.1 North America
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    • 1.3.2 Europe
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    • 1.3.3 Asia Pacific
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    • 1.3.4 Latin America
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    • 1.3.5 MEA
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  • 1.4 Regional factors	
      		
    • 1.4.1 North America
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    • 1.4.2 Europe
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    • 1.4.3 Asia Pacific
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    • 1.4.4 Latin America
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    • 1.4.5 MEA
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  • 1.5 Data Sources	
      		
    • 1.5.1 Secondary
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    • 1.5.2 Primary
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Chapter 2 Executive Summary
    	
  • 2.1 LiDAR industry 360 degree synopsis, 2016 - 2027
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  • 2.2 Business trends
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  • 2.3 Regional trends
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  • 2.4 Product trends
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  • 2.5 Type trends
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  • 2.6 Application trends
Chapter 3 LiDAR industry Insights
    	
  • 3.1 Introduction
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  • 3.2 Industry segmentation
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  • 3.3 Impact of COVID-19 outbreak	
      		
    • 3.3.1 Impact by region		
        			
      • 3.3.1.1 North America
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      • 3.3.1.2 Europe
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      • 3.3.1.3 Asia Pacific
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      • 3.3.1.4 Latin America
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      • 3.3.1.5 MEA
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    • 3.3.2 Impact on industry value chain
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    • 3.3.3 Impact on competitive landscape
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  • 3.4 LiDAR industry ecosystem analysis	
      		
    • 3.4.1 LiDAR raw material suppliers
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    • 3.4.2 Peripheral players
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    • 3.4.3 Integrators
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    • 3.4.4 Distributors
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    • 3.4.5 Support service providers
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    • 3.4.6 Vendor matrix
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  • 3.5 LiDAR evolution
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  • 3.6 Technology & innovation landscape	
      		
    • 3.6.1 Single photon or Geiger mode systems
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    • 3.6.2 Multi Pulse-in Air
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  • 3.7 Use cases	
      		
    • 3.7.1 Land surveying
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    • 3.7.2 Power line inspection for maintenance
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    • 3.7.3 Forestry and farming
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    • 3.7.4 Mining
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  • 3.8 Investment portfolio
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  • 3.9 Regulatory landscape	
      		
    • 3.9.1 North America.		
        			
      • 3.9.1.1 U.S. Federal Aviation Authority (FAA)
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    • 3.9.2 Europe		
        			
      • 3.9.2.1 CE Marking regulation
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    • 3.9.3 Asia Pacific		
        			
      • 3.9.3.1 National Data Sharing and Accessibility Policy, 2012 (NDSAP-2012)
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    • 3.9.4 Latin America		
        			
      • 3.9.4.1 The Brazilian National Aviation Agency (ANAC)
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      • 3.9.4.2 Mexico Commercial Drone Regulatoins
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    • 3.9.5 MEA		
        			
      • 3.9.5.1 The General Civil Aviation Authority (GCAA)Industry impact forces
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    • 3.9.6 Growth drivers		
        			
      • 3.9.6.1 Increasing demand for mapping
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      • 3.9.6.2 Growing demand for 3D imaging
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      • 3.9.6.3 Increasing adoption among environment & government applications
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      • 3.9.6.4 Advent of solid-state LiDAR technology
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      • 3.9.6.5 Deployment of LiDAR in UAVs
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    • 3.9.7 Industry pitfalls & challenges		
        			
      • 3.9.7.1 Software development gap
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      • 3.9.7.2 Lack of standardization
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  • 3.10 Growth potential analysis
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  • 3.11 Porter's analysis	
      		
    • 3.11.1 Bargaining power of suppliers
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    • 3.11.2 Bargaining power of buyers
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    • 3.11.3 Threat of new entratnt
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    • 3.11.4 Threat of substitute
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  • 3.12 PESTEL analysis

About Author

Rahul Varpe

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid...

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