The LiDAR Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the LiDAR Market?
The market size of the LiDAR sector has experienced swift expansion recently. In 2024, the market was worth $2.54 billion, and it is predicted to rise to $3.03 billion by 2025. This represents a compound annual growth rate (CAGR) of 19.1%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the LiDAR Industry?
The LiDAR global market is predicted to grow substantially, reaching a market size of $6.08 billion by 2029. This growth is expected to occur at a compound annual growth rate (CAGR) of 19.0%.
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What are the Key Growth Drivers Fueling the LiDAR Market?
The key drivers in the lidar market are:
• The ongoing development and commercialization of autonomous vehicles
• The rising interest and utilization of LiDAR in environmental monitoring
• The increasing integration of LiDAR in robotics and automation
• The emergence and popularity of new and innovative applications for LiDAR, including its expanding use in 3D scanning and modeling.
Global Market Segmentation: Identifying Major LiDAR Industry Segments
The LiDAR market covered in this report is segmented –
1) By Component: Laser Scanner, Navigation and Positioning Systems, Other Components
2) By Type: Terrestrial, Aerial, Mobile
3) By Technology: 2D, 3D, 4D
4) By Applications: Mapping and Cartography, ADAS (Advanced Driver-Assistance System), Environment, Exploration and Detection, Other Applications
5) By End User: Defense and Aerospace, Civil Engineering, Archaeology, Forestry and Agriculture, Mining, Transportation
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What are the Emerging Trends Shaping the Future of the LiDAR Market?
The key trends in the advanced wound care market are:
• Continued growth and commercialization of autonomous vehicles are shaping the future of LiDAR market.
• LiDAR's integration in robotics and automation is an emerging trend.
• Solid-state LiDAR and multi-sensor integration is another significant trend in the market.
• Increasing use of AI with LiDAR technology is a new direction in the market.
Who Are the Top Competitors & Leading Players in the LiDAR Market?
Major companies in the lidar market are:
• Velodyne GmbH
• Leica Geosystems AG
• LEOSPHERE SAS
• HEXAGON AB
• GeoSLAM Ltd.
• Firmatek LLC
• RIEGL Laser Measurement Systems GmbH
• Mira Solutions Inc.
• Aerometric Surveys SA
• Airborne Hydrography AB
• Faro Technologies Inc.
• Phoenix LiDAR Systems
• Innoviz Technologies Ltd.
• Waymo LLC
• Valeo SA
• Neptec Technologies Corp.
• ZX LIDARS
• SICK AG
• Quanergy Systems Inc.
• Teledyne Optech Inc.
• Trimble Inc.
• NV5 Global Inc.
• Huawei Technologies Co. Ltd.
• Ouster Inc.
• Luminar Inc.
• Aeva Technologies Inc.
• Beijing SureStar Technology Co. Ltd.
• Quantum Spatial India Private Limited
• Topcon Positioning Systems
• Cepton Technologies Inc.
• Optris GmbH
• YellowScan Inc.
• Livox Tech Ltd.
Regional Dominance: Which Area Leads the Global LiDAR Market?
North America was the largest region in the LiDAR market in 2024
