Lidar Industry Overview
The global LiDAR market was valued at USD 1.81 billion in 2021 and is projected to experience significant growth, with an expected compound annual growth rate (CAGR) of 9.8% from 2022 to 2030. This growth is largely driven by technological advancements that have improved the spatial resolution of LiDAR-based digital terrain models, enabling more accurate applications such as change detection on hillsides, water runoff analysis for agricultural and mining sites, and assessments of inland waterways. Furthermore, the increasing automation within the LiDAR sector is helping to reduce human effort while enhancing overall efficiency, which contributes to the market's expansion.
A key factor expected to propel the market growth over the forecast period is the rising demand for 3D imagery across various application areas, including military and defense, topographical surveys, civil engineering, and corridor mapping. Textured 3D imagery plays a crucial role in applications such as 3D mapping, urban planning, and corridor mapping. As the need for advanced safety features continues to grow, there is a notable increase in the adoption of LiDAR technology. For instance, in the United States, government approvals for self-driving cars have facilitated their presence on the roads, and these vehicles are often equipped with LiDAR systems for GPS and navigation purposes. This integration further underscores the significant role that LiDAR technology plays in enhancing the capabilities of autonomous vehicles and other advanced applications.
Gather more insights about the market drivers, restrains and growth of the Lidar Market
Regional Insights:
North America LiDAR market accounting for a leading share of 32.0% in 2024. North America is experiencing a robust market, driven by increasing adoption in sectors such as autonomous vehicles, smart cities, and defense. The push for advanced infrastructure projects across the region also accelerates demand for LiDAR technology, particularly in transportation and urban planning. Companies in North America are focusing on developing high-resolution LiDAR systems to enhance real-time mapping and data accuracy. The region’s established tech industry is fueling innovation in LiDAR applications, making it a hub for research and development. Moreover, government funding and partnerships with private firms are bolstering market expansion.
U.S. LiDAR Market Trends
The LiDAR market in the U.S. is growing primarily due to advancements in autonomous driving and aerial mapping technologies. The automotive sector is a key driver, with LiDAR integral to developing ADAS and self-driving vehicles. The country’s defense industry also heavily invests in LiDAR for surveillance, targeting, and reconnaissance operations. The U.S. also sees increased LiDAR use in agriculture and environmental monitoring, supporting precision farming and disaster management initiatives. Regulatory frameworks encouraging the use of LiDAR in improving road safety and infrastructure further support growth.
Europe LiDAR Market Trends
The LiDAR market in Europe is witnessing significant growth, largely propelled by smart mobility initiatives and the widespread adoption of ADAS technologies. LiDAR is crucial in Europe’s efforts to reduce carbon emissions and improve road safety, particularly by developing autonomous and electric vehicles. The region's strong environmental focus is also driving the use of LiDAR in sustainable land use and climate monitoring. Moreover, Europe’s investment in smart city projects and modern transportation systems creates new opportunities for LiDAR deployment.
Asia Pacific LiDAR Market Trends
The LiDAR market in Asia Pacific is rapidly emerging and growing, fueled by strong demand from the automotive industry and large-scale infrastructure development. Countries such as China and Japan are leading the way in integrating LiDAR into autonomous vehicles and public transportation systems. The region also sees increased LiDAR use in industrial automation, agriculture, and environmental monitoring. Governments in the Asia Pacific are heavily investing in smart city projects and upgrading infrastructure, boosting the demand for LiDAR technology.
Browse through Grand View Research's Next Generation Technologies Industry Research Reports.
- The global advanced driver assistance system market size was valued at USD 30.61 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 11.0% from 2023 to 2030.
- The global public safety and security market size was valued at USD 516.68 billion in 2024 and is projected to grow at a CAGR of 14.3% from 2025 to 2030.
Key Lidar Company Insights
Some of the key companies in the market include Faro Technologies, Inc., Leica Geosystem Holdings AG, Teledyne Optech Incorporated, and others. Organizations are focusing on increasing their customer base to gain a competitive edge in the industry. Therefore, key players are taking several strategic initiatives, such as mergers and acquisitions and partnerships with other major companies.
- Faro Technologies, Inc. focuses on high-precision 3D laser scanning systems for industrial applications. The company has developed portable and versatile LiDAR solutions used in manufacturing, construction, and forensic analysis, enhancing data capture accuracy. Their continuous innovation in sensor technology and software integration is expanding the use of LiDAR in complex environments, driving broader adoption across various sectors.
- Quantum Spatial, Inc. utilizes LiDAR for high-resolution aerial mapping, focusing on applications such as environmental monitoring, infrastructure development, and natural resource management. Their expertise in processing large datasets and delivering precise geospatial insights has made Quantum Spatial a key player in supporting public and private sector projects across various industries.
Key LiDAR Companies:
The following are the leading companies in the LiDAR market. These companies collectively hold the largest market share and dictate industry trends.
- Faro Technologies, Inc.
- GeoDigital
- Hesai Group
- Innoviz Technologies Ltd.
- Leica Geosystem Holdings AG
- Quantum Spatial, Inc.
- RIEGL USA, Inc.
- Sick AG
- Teledyne Optech Incorporated
- Trimble Navigation Limited
- Velodyne LiDAR, Inc.
- YellowScan
Order a free sample PDF of the Lidar Market Intelligence Study, published by Grand View Research.