LiDAR Market Size, Share & Trends Report

LiDAR Market Size, Share & Trends Analysis Report By Component, By Application (Corridor Mapping, Engineering, Environment, Exploration, ADAS), By Product (Airborne, Terrestrial, Mobile & UAV), And Segment Forecasts, 2018 - 2024

  • Published Date: Feb, 2018
  • Base Year for Estimate: 2016
  • Report ID: 978-1-68038-344-7
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2016
  • Number of Pages: 100

Industry Insights

The global LiDAR market size was valued at USD 359.1 million in 2016 and is expected to sustain its growth during the forecast period. The technological advancements in spatial resolution of LiDAR-based digital terrain models provide incredible accuracy in applications such as change detection on hillsides, water runoff for agriculture or mining sites, and inland waterways.

U.S. LiDAR market

The rising demand for 3D imagery in various application areas, such as military & defense, topographical surveys, civil engineering, and corridor mapping, is expected to significantly drive the LiDAR market over the forecast period. Textured 3D imagery is applied in various applications such as 3D mapping, city planning, and photo-realistic fly. The installation base of advanced safety features is increasing exponentially. Accident data recorder systems, alcohol ignition interlocks, and emergency call systems are some of the examples of technologies where a future demand is expected to spur the LiDAR market growth.

The global LiDAR market is estimated to grow significantly over the forecast period due to the automation in LiDAR, leading to the reduction in the human efforts and increased efficiency. The technological superiority of the LiDAR and several engineering projects of large magnitude are expected to improve the demand by 2024.

The lack of educated customers is recognized as a restraint for the LiDAR market. Ascertaining the scope of the customer education is essential to reduce the costs of implementing and designing such customer awareness and education programs. The customer education and awareness are crucial for improving the capacity of the people to address development and environment issues and for stimulating sustainable development.

Long-term reliability of a number of key laser components, such as optical coatings, optics, and diodes in vacuum and is expected to drive the LiDAR systems demand over the forecast period. Canada environment monitoring stations utilize LiDAR technology to monitor the tropospheric pollution. These LiDAR stations are also crucial in monitoring the ash from volcanic eruptions that can interfere with air travel. The technology is also expected to be incorporated to map the oil sands monitoring system.

Industry participants have entered into strategic partnership with suppliers and distributors to strengthen their product portfolio and geographical presence. In February 2016, Riegl USA and Aeroscout had entered into a strategic partnership to develop the advanced UAV platforms with integrated LiDAR solutions.

Product Insights

Airborne segment accounted for the major share of the market, which is anticipated to increase in the next few years on account of the increasing adoption of aerial mapping devices. Aerial LiDAR is an accurate and thorough method of creating digital elevation models, thereby replacing photogrammetry. This system delivers enhanced accuracy and larger area coverage as compared to its terrestrial counterparts. It provides more extensive area mapping in comparatively shorter time intervals.

Terrestrial LiDAR can be both mobile or stationary and takes place on the Earth's surface. Stationary terrestrial scanning is a frequently preferred survey method for monitoring, conventional topography, forensics, and cultural heritage documentation. Mobile & UAV LiDAR operate in both mobile or aerial modes and take place on the Earth's surface and surrounding environment respectively.

Component Insights

Based on Component, the industry is segmented into GPS component, laser scanners, navigation (IMU) device and other complementary LiDAR devices, and is expected to witness increased demand on account of a higher adoption for aerial scanning and mapping operations in the region.

The laser scanners component segment is estimated to be one of the leading industry segments during the forecast period. The segment accounted for the major share of the overall industry in 2015.

Laser scanners are used to record an intensity value, to provide a return signal strength that can be helpful to distinguish objects of variable reflectivity. The demand for laser scanners is expected to increase substantially with a CAGR of 20.3% during the forecast period.

Application Insights

Based on application, the market is segmented into corridor mapping, exploration, engineering, Advanced Driver Assistance Systems (ADAS), environment, and other LiDAR applications. The corridor application segment had the maximum share in 2016 of the total market.

Global LiDAR market

The ADAS application is anticipated to register the highest growth with a CAGR of 24.5% during the forecast period on account of the surging incorporation of LiDAR-based sensors in numerous automotive safety applications.

Corridor Mapping application accounted for a major portion of the total market share in 2015 and is expected to witness a reduction in market share during the forecast period. Low-speed collision avoidance systems and driver assistance systems are anticipated to be among the most popular technologies. The integration of map-enabled systems also provides diverse application options leading to advantages such as lane departure systems, driver assistance systems, and intelligent front lighting systems enabled by the united adaptive front lighting.

Regional Insights

The North American regional market is expected to witness an immense growth prospect in the global LiDAR market, owing to growing adoption of administrative regulations, mandating the installation of specific automotive safety technologies in both lightweight and heavyweight vehicles in the region.

Airborne LiDAR system emerged as the dominant product segment in 2016. Also, alongside these products have made inroads in the U.S and Canada regions as well. The North American region is assured to witness immense growth opportunities from the automotive sector on account of increasing deployment in automotive safety technologies such as ADAS and Automatic Emergency Braking (AEB) systems. Asia Pacific would emerge as the fastest growing region with a CAGR of 25.9% from 2016 to 2024.

LiDAR Market Share Insights

Some of the key industry participants include Faro Technologies Inc., Leica Geosystems Holdings AG, Trimble Navigation Limited, Velodyne LiDAR, Inc., and RIEGL USA Inc. The various competitors prevalent in the market are challenged to provide innovative offerings, which help consumers, address changing technologies, business practices, and security needs. A large number of notable players are based in Europe and are involved in offering advanced solutions for meeting the requirements across varied applications. In October 2015, Trimble announced the launch of eCognition Essentials, a new software solution for remote sensing and geospatial professionals, performing land cover mapping tasks using satellite imagery.

The current market environment is witnessing an intense competition between the key players for achieving the market domination via the enhancement of quality and product differentiation, thereby enabling the growing market consolidation through strategic initiatives such as alliances, mergers, and acquisitions.

Report Scope



Base year for estimation


Actual estimates/Historic data

2014 - 2016

Forecast period

2017 - 2024

Market representation

Revenue in USD Million & CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America and MEA

Country scope

U.S., Canada, UK, Germany, China, Japan, India, and Brazil

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

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Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest trends and opportunities in each of the sub-segments from 2014 to 2024. For the purpose of this study, Grand View Research has segmented the global LiDAR market report based on component, application, product and regions.

  • Component Outlook (Revenue, USD Million; 2014 - 2024)

    • GPS

    • Navigation (IMU)

    • Laser Scanners

    • Mobile & UAV

  • Application Outlook (Revenue, USD Million; 2014 - 2024)

    • Corridor Mapping

    • Engineering

    • Engineering

    • Exploration

    • ADAS

    • Others

  • Product Outlook (Revenue, USD Million; 2014 - 2024)

    • Airborne

    • Terrestrial

    • Mobile & UAV

  • Regional Outlook (Revenue, USD Million; 2014 - 2024)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • UK

    • Asia Pacific

      • China

      • Japan

      • India

    • Latin America

      • Brazil

    • Middle East and Africa

Key questions answered by the report
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