How big is the Global LiDAR Market?

The Global LiDAR Market size is expected to reach USD 2.57 trillion in 2024 and grow at a CAGR of 19.93% to reach USD 6.38 trillion by 2029. Read More

What is the current Global LiDAR Market size?

In 2024, the Global LiDAR Market size is expected to reach USD 2.57 trillion. Read More

Who are the key players in Global LiDAR Market?

Sick AG, Velodyne LiDAR, Leica Geoystems AG, Faro Technologies Inc. and Denso Corporation are the major companies operating in the Global LiDAR Market. Read More

Which is the fastest growing region in Global LiDAR Market?

Latin America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Global LiDAR Market?

In 2024, the Latin America accounts for the largest market share in Global LiDAR Market. Read More

What years does this Global LiDAR Market cover, and what was the market size in 2023?

In 2023, the Global LiDAR Market size was estimated at USD 2.06 trillion. The report covers the Global LiDAR Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global LiDAR Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What future trends are expected in the LiDAR market?

Future trends in the LiDAR Market include a) Miniaturization of LiDAR systems b) Integration with smartphones and drones c) Increased use in smart city projects and VR applications d) Reflecting broader technology adoption Read More

What challenges does the LiDAR Market face?

Major challenges faced by the LiDAR Market are a) High costs b) Technological complexities c) Competition from alternative technologies like radar and computer vision Read More

Global LiDAR Market Share

Statistics for the 2023 & 2024 Global LiDAR market share, created by Mordor Intelligence™ Industry Reports. Global LiDAR share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Global LiDAR Industry

The LiDAR Market is fragmented due to many large and small players churning the competition in the market. Through product and technology launches, strategic partnerships, acquisitions, expansion, and collaboration, these players try to gain a competitive edge in the market. Key players in the market are Sick AG, Teledyne Optech, Quanergy Systems Inc., Velodyne LiDAR, 3D Laser Mapping Ltd, Denso Corporation, etc.

February 2024 - John Deere announced a strategic partnership with Leica Geosystems, part of Hexagon, to assist in accelerating the digital transformation of the heavy construction industry. The collaboration between John Deere and Leica Geosystems would leverage the strengths of both companies to bring new technologies and services to construction professionals worldwide.
May 2023 - SICK AG announced that it would provide standardized information from over 40,000 SICK sensors in the form of Asset Administration Shells (AAS) to consumers and partners. SICK demonstrated its aspiration to contribute significantly to the advancement of industrial digitalization.