Global Light Detection and Ranging (lidar) Market 2025-2029

Light Detection And Ranging (LiDAR) Market 2025-2029

The light detection and ranging (LiDAR) market is forecasted to grow by USD 8225.8 mn during 2024-2029, accelerating at a CAGR of 29.1% during the forecast period. The report on the light detection and ranging (LiDAR) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by expanding application areas of lidar technology, increased adoption of lidar in automotive applications, and growing demand for lidar solutions from wind powerplants.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's light detection and ranging (LiDAR) market is segmented as below:

By Application

• Corridor mapping
• Engineering
• ADAS and driverless cars
• Environment
• Others

By Product

• Airborne LiDAR
• Terrestrial LiDAR

By Component

• Laser scanners
• Navigation systems
• Positioning systems
• Others

By Geographical Landscape

• North America
• Europe
• APAC
• Middle East and Africa
• South America

This study identifies the development of lidar sensors based on continuous-wave frequency modulation (CWFM) technology as one of the prime reasons driving the light detection and ranging (LiDAR) market growth during the next few years. Also, evolution of single-photon lidar (SPL) and new product launches and company collaborations will lead to sizable demand in the market.

The report on the light detection and ranging (LiDAR) market covers the following areas:

• Light Detection And Ranging (LiDAR) Market sizing
• Light Detection And Ranging (LiDAR) Market forecast
• Light Detection And Ranging (LiDAR) Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading light detection and ranging (LiDAR) market vendors that include DENSO Corp., FARO Technologies Inc., Hexagon AB, Innoviz Technologies Ltd., LeddarTech Inc., Luminar Technologies Inc., Ouster Inc., Phoenix LiDAR Systems, Quanergy Systems Inc., RIEGL Laser Measurement Systems GmbH, Robert Bosch GmbH, RoboSense, SICK AG, SureStar, Teledyne Technologies Inc., Trimble Inc., Valeo SA, and YellowScan. Also, the light detection and ranging (LiDAR) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.