LiDAR Sensor Market Size, Share, Opportunities, And Trends By Sensor Type (Airborne, Topographic, Bathymetric, Terrestrial, Mobile, Static), By System Type (Pulse-based/Linear-mode, Phase-based, Geiger-mode/Photon-counting), By Industry (Agriculture, Infrastructure And Construction, Military And Defense, Environment, Mining, Transport, Others), And By Geography - Forecasts From 2019 To 2024

Published:  Apr 2021 Report Code: KSI061611571 Pages: 114

The global LiDAR Sensor market is expected to grow at a CAGR of 35.31% over the forecast period of 2017 - 2023. Increasing spending by governments across the globe into strengthening their defense is one of the major factors driving the growth of this market. The rising incidence of terrorist attacks and geopolitical issues in many regions has been increasing the need for governments to spend on advanced technologies and armaments in order to strengthen their defense. According to data from the Stockholm International Peace Research Institute (SIPRI), total global spending by governments on defense was around US$1.74 trillion in 2017. The U.S. military and defense sector has apportioned a budget of US$700 billion in 2018, a 15.5% jump from that in 2017, which aimed to strengthen the country’s defense. It has been nearly a decade since LiDAR gained popularity in this sector. By 2011, the National Geospatial-Intelligence Agency (NGA) was using LiDAR in aircraft for the mapping of Afghanistan’s entire area of around 647,500 square kilometers. The technology has also been in use by many governments for various monitoring and rescue operations. For instance, in 2010, LiDAR played an active role in the mapping of Haiti’s landscape after an earthquake hit it in 2010. This technology has been continuously gaining traction in this sector owing to its numerous benefits, which is driving with it the demand for LiDAR sensors. Furthermore, the increasing popularity of autonomous vehicles worldwide has been opening doors to immense growth opportunities for the growth of the LiDAR sensors market. Automakers are continuously funneling investments into the development of autonomous vehicles in order to reduce road accidents while improving traffic flow. According to the U.S. Energy Information Administration (EIA), congestion in the country resulted in rising in urban Americans’ travel time by 6.9 billion hours in 2014, resulting in the purchase of 3.1 billion gallons more fuel at a cost of US$160 billion. In 2016, Uber launched a pilot program for its self-driving cars in Pittsburgh while Ford Motors has plans to make self-driving taxis that work without steering wheel, brake, or gas pedal and make them available for the public by 2021. The growth of self-driving cars is driving with it the demand for advanced technologies like LiDAR, thus boosting their market growth.

By Application, the market is segmented as Agriculture and Precision Forestry, Civil Engineering and Surveying, Defense and Emergency Services, Environmental and Coastal Monitoring, Highways and Road Networks, Mining, Quarries and Aggregates, Rail Mapping and others. Environmental and Coastal Monitoring and defense and emergency services hold a major share in this market on account of huge spending by governments into these sectors. 

Geographically, the global LiDAR sensor market is segmented as North America, South America, Europe, Middle East and Africa, and Asia-Pacific. North America accounted for a major market share in 2017 owing to the early adoption of newer technologies coupled with high investments in R&D across various industries. The high military and defense budget of countries like the U.S. and Canada contributes to the growth of the LiDAR sensor market. Europe also holds a significant share on account of high investments in the aerospace and defense sector and autonomous vehicles. The market for LiDAR sensors in the Asia Pacific is projected to grow at the highest CAGR over the forecast period. The growth of the market in this region is majorly attributed to the rising production of autonomous cars in China and increasing government spending in many countries on surveillance and defense.

Major industry players profiled as part of the report are SICK AG, Infineon Technologies AG, Leica Geosystems AG, Velodyne LiDAR, Inc., Quanergy Systems, Inc., Hitachi, Ltd., LeddarTech Inc., Neptec Technologies Corp and Innoviz Technologies, Ltd. among others.

Segmentation

The global LiDAR sensor market is segmented by sensor type, system type, industry and geography.

By Sensor Type

Airborne

Topographic

Bathymetric

Terrestrial

Mobile

Static

 

By System Type

Pulse-based/Linear-mode System

Phase-based System

Geiger-mode/Photon-counting System

 

By Industry

Agriculture

Infrastructure and Construction

Military and Defense

Environment

Mining

Transport

Others

 

By Geography

North America

US

Canada

Mexico

Others

 

South America

Brazil

Argentina

Others

 

Europe

United Kingdom

Germany

France

Italy

Others

 

Middle East and Africa

 

Saudi Arabia

UAE

Israel

Others

 

Asia Pacific

Japan

China

India

Australia

Others

 

Key Questions answered by the report

What is the global LiDAR sensor market size from 2018 to 2023?

How are the major drivers and restraints affecting the global LiDAR sensor market and the opportunities which exist for the key vendors?

Which segment and region will drive or lead the market growth and why?

A comprehensive analysis of competitive landscape and key market participants behavior

Key strategies being adopted by vendors, with in-depth analysis of their impact on competition and market growth.

1. Introduction
2. Research Methodology  
2.1. Research Process And Design
2.2. Research Assumptions
3. Executive Summary
4. Market Dynamics
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Force Analysis
4.5.1. Bargaining Power Of Suppliers
4.5.2. Bargaining Power Of Buyers
4.5.3. Threat Of New Entrants
4.5.4. Threat Of Substitutes
4.5.5. Competitive Rivalry In The Industry
4.6. Life Cycle Analysis- Regional Snapshot
4.7. Market Attractiveness
5. Global LiDAR Sensor Market by Sensor Type
5.1. Airborne
5.1.1. Topographic
5.1.2. Bathymetric
5.2. Terrestrial
5.2.1. Mobile
5.2.2. Static
6. Global LiDAR Sensor Market by System Type
6.1. Pulse-based/Linear-mode System
6.2. Phase-based System
6.3. Geiger-mode/Photon-counting System
7. Global LiDAR Sensor Market by Application
7.1. Agriculture and Precision Forestry
7.2. Civil Engineering and Surveying
7.3. Defence and Emergency Services
7.4. Environmental and Coastal Monitoring
7.5. Highways and Road Networks
7.6. Mining, Quarries and Aggregates
7.7. Rail Mapping
7.8. Others
8. Global LiDAR Sensor Market by Geography
8.1. North America
8.1.1. United States
8.1.2. Canada
8.1.3. Mexico
8.1.4. Others
8.2. South America
8.2.1. Brazil
8.2.2. Argentina
8.2.3. Others
8.3. Europe
8.3.1. UK
8.3.2. Germany
8.3.3. France
8.3.4. Italy
8.3.5. Others
8.4. Middle East and Africa
8.4.1. Saudi Arabia
8.4.2. UAE
8.4.3. Israel
8.4.4. Others
8.5. Asia Pacific
8.5.1. Japan
8.5.2. China
8.5.3. India
8.5.4. Australia
8.5.5. Others
9. Competitive Intelligence
9.1. Investment Analysis
9.2. Recent Deals
9.3. Strategies of Key Players
10. Company Profiles
10.1. SICK AG
10.2. Infineon Technologies AG
10.3. Leica Geosystems AG
10.4. Velodyne LiDAR, Inc.
10.5. Quanergy Systems, Inc.
10.6. Hitachi, Ltd.
10.7. LeddarTech Inc.
10.8. Neptec Technologies Corp
10.9. Innoviz Technologies, LTD.
10.10. Argo AI LLC
10.11. Leosphere
List of Figures
List of Tables
Disclaimer

SICK AG

Infineon Technologies AG

Leica Geosystems AG

Velodyne LiDAR, Inc.

Quanergy Systems, Inc.

Hitachi, Ltd.

LeddarTech Inc.

Neptec Technologies Corp

Innoviz Technologies, Ltd.

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