The global LiDAR market generated a revenue of $332.2 million in 2016 and is expected to reach $1.4 billion by 2024, having a CAGR of 21.4 % from 2017 to 2024. Among major technologies, Aerial LIDAR technology led the market garnering a revenue of $182.5 million in 2016 and is expected to grow with the highest growth rate, having a CAGR of 17.4% during the forecast period.
The global LiDAR market is segmented on the basis of type, components used, application, end user sectors and geography. By type, the market is segmented as terrestrial, aerial, mobile and short range are. On the basis of components, the LiDAR system market is segmented as a laser scanner, inertial navigation system, camera, GPS receiver and microelectromechanical system. Corridor mapping, seismology, and exploration and detection purpose are some major application of LIDAR systems. By enduser, the market is categorized as, defense and aerospace, civil engineering, archaeology, forestry and agriculture, mining industry and transportation. On the basis of geography, the LIDAR market is segmented as North America, Europe, AsiaPacific, and LAMEA.
Some of the key market players of the global LiDAR market are Airborne Hydrography AB, Leosphere SaS, Faro Technologies Inc., Leica Geosystems Inc. Hexagon, 3D Laser Mapping Inc., Firmatek LLC, RIEGL Laser Measurement Systems GmbH, Aerometric Inc., Mira Solutions Inc., Optech Inc. Teledyne Technologies, Quanergy Systems, Inc.
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Global LiDAR MARKET SEGMENTATION
By Product Type
• Terrestrial / Static
• Corridor mapping
• Exploration and detection
• Inertial navigation system
• Gps/Gnss receiver
• Micro Electro Mechanical System MEMS
• Defense and aerospace
• Civil Engineering
• Forestry and Agriculture
• Mining Industry
• North America
• Rest of World
KEY MARKET PLAYER
• IBEO automotive systems GmbH
• Hokuyo Automatic Co. Ltd.
• Airborne Hydrography AB
• Leosphere SaS
• Faro Technologies Inc.
• Leica Geosystems Inc. Hexagon
• 3D Laser Mapping Inc
• Firmatek LLC
• RIEGL Laser Measurement Systems GmbH
• Aerometric Inc.
• Optech Inc.
• Quanergy Systems, Inc
• Mira Solutions Inc.
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