The global LiDAR market for driverless cars and ADAS is envisaged to grow at an aggressive pace in the near future.

1. LiDAR Market - Envisaged to grow at an aggressive pace 2025
Global LiDAR Market: Snapshot
The global LiDAR market is predicted by seasoned market analysts to expect
high growth prospects taking birth on the back of leading applications such as
meteorology, cartography, urban planning, exploration, driverless cars, ad-
vanced driver assistance systems (ADAS), engineering, and corridor mapping.
Amongst all of these applications, the demand for LiDAR could be consider-
ably improved by the rising usage of corridor mapping in roadways mapping.
The swelling demand in engineering and construction applications is antici-
pated to add to the popularity of ground-based LiDAR in the coming years.
Nevertheless, there could also be opportunities created for other products such

2. as unmanned aerial vehicle (UAV) LiDAR, aerial LiDAR, and solid-state Li-
DAR.
The global LiDAR market for driverless cars and ADAS is envisaged to grow
at an aggressive pace in the near future. This could be because of the rising
adoption of ADAS and growing inclination toward self-driven cars in impor-
tant automotive regions such as North America and Europe. Besides this, the
market for laser scanners could see a consistent rise in the foreseeable future
owing a vital application in LiDAR related to scanning and the generation of
3D images of the scanned areas. The faster growth rate of this market could be
attributed to the mounting demand for LiDAR system and quick development
of laser technology.
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Companies operating in the global LiDAR market are foreseen to hold a port-
folio comprising of a broad array of products that could help diversify busi-
ness risks and enable sustainable business growth.

3. Global LiDAR Market: Overview
LiDAR, acronym for Light Detection and Ranging, is a remote sensing tech-
nology that emits light towards a target object to unearth information about it
and gauge the range of a distant target from the light that is being reflected
back. It can be compared to RADAR and SONAR in many ways. However,
unlike a RADAR and SONAR, LiDAR uses light waves of shorter wave-
lengths. The wavelengths of the electronic spectrum for LiDAR technology
are mostly within the visible, ultraviolet, and infrared range.
The LiDAR technology helps in measuring of 3D structures directly and as-
sessing the underlying terrain with high resolution and data accuracy. The two
main types of LiDAR are Airborne LiDAR, consisting of topographic and
bathymetric LiDAR, and Terrestrial LiDAR, consisting of mobile LiDAR and
short range LiDAR.
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4. Global LiDAR Market: Key Trends
The soaring demand for 3D imagery in different end use segments such as
construction, transportation, power transmission, and defense and aerospace is
the primary driving factor in the global LiDAR market. Additionally, LiDAR
technology saves both cost and time which has resulted in their higher uptake
compared to conventional methods of mapping. LiDAR technology has al-
ready superseded photogrammetry as it steals a march over the latter in terms
of light independency and high accuracy.
Countering the growth in the global LiDAR market is the complexity in data
interpretation because of dearth of standardization.
Global LiDAR Market: Market Potential
LiDARs find application in autonomous driving, which is yet to become
mainstream. Once it so happens, their market will receive a substantial boost.
LiDAR/INS integrated navigation systems can bring about continuous and ac-
curate navigation solutions in GNSS-challenged environments, on different
platforms that include mobile robot navigation, unmanned ground vehicles,

5. and autonomous driving. Another factor working to their favor are their in-
creasing availability and decreasing prices.
Depending upon the type of product, the global LiDAR market is segmented
into terrestrial LiDAR and airborne LiDAR. Among them, airborne or aerial
LiDAR mapping leads the market. Based on application again, the LiDAR
market is divided into transmission lines, forestry, infrastructure, coastal,
transportation, defense and aerospace, flood mapping, and others such as hy-
drography and mining. Different coastal applications contribute maximum to
the LiDAR market because of the growing utilization of LiDAR in disaster
management and control. In terms of growth, however, transmission lines will
overtake all other segments in the LiDAR market because of robust demand
for power utilities.
Global LiDAR Market: Regional Outlook
Geography-wise, the global market for LiDAR is segmented into Asia Pacific,
North America, Europe, and the Rest of the World. Among them, North Amer-
ica is a market leader because of high penetration of LiDAR in defense and
military applications and substantial spending on research and development to

6. improvise on existing LiDAR technologies. Europe trails North America in
terms of market share and going forward is predicted to overtake North Amer-
ica due to the presence of prominent players bolstering the market and cater-
ing to the rising demand for the massive consumer base. The Rest of the
World and Asia Pacific will also witness stellar growth.
Global LiDAR Market: Competitive Analysis
Some of the main strategies adopted by companies in the global LiDAR mar-
ket is new product development and enhancements leveraging cutting-edge
technologies. To assess the competition in the global market for LiDAR, the
report profiles companies such as Airborne Hydrography AB, 3D Laser Map-
ping Ltd., Aerometric Inc., DigitalWorld Mapping Inc., Intermap Technolo-
gies Corp., FARO Technology, Inc., RIEGL Laser Measurement Systems
GmbH, Leica Geosystems AG, Mosaic 3D, Avent Lidar Technology, Firmatek
3D Mapping Solutions LLC, and Optech Incorporated.

7. The study presents reliable qualitative and quantitative insights into:
 Market segments and sub-segments
 Market trends and dynamics
 Supply and demand chain of the market
 Market valuation (revenue and/or volume)
 Key trends/opportunities/challenges
 Forces defining present and estimated future state of the competitive
landscape
 Technological developments
 Value chain and stakeholder analysis

8. The regional analysis covers:
 North America
 Latin America
 Europe
 Asia Pacific
 Middle East and Africa
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