Lidar Market - A Global and Regional Analysis: Focus on Lidar Applications, Product Types, Market Competition, Emerging Opportunities, and Country Assessment - Analysis and Forecast, 2020-2025

Market Overview

Owing to the impending need for better mapping and surveying techniques, there is a considerable push from governments and regulatory bodies toward developing and installing lidar sensors. By leveraging lidar sensors, entities enhance their product quality and production, along with avoiding catastrophic failures and high production costs.

The global lidar market research provides a detailed perspective on the different types of products, their applications, value and volume estimation, among others. The principal purpose of this market analysis is to examine the lidar market in terms of factors driving the market, restraints, trends, and opportunities, among others.

The report further considers the market dynamics, supply chain analysis, and the detailed product contribution of the key players operating in the market. The Global Lidar Market report is a compilation of different segments, including market breakdown by product type, application, range, deployment, region, and country.

The global lidar market, based on product type, has been segmented into mechanical and solid-state lidar. The mechanical segment is expected to maintain its dominance during the forecast period in the global lidar market.

The global lidar market, by application, has been segmented into automotive, mining, agriculture, engineering and planning, and transportation, among others. The engineering and planning segment dominated the global lidar market in 2019 in terms of value and is expected to maintain its dominance through the forecast period.

Based on the region, the global lidar market has been segmented into Asia-Pacific and Japan, Europe, the U.K., China, North America, South America, and Middle East and Africa. Each region is segmented into countries. Data for each of these regions and countries is provided by product type and application.

Competitive Landscape

The global lidar market competitive landscape consists of different strategies undertaken by key players across the industry to gain traction and market share presence. Some strategies adopted by the service providers are new product launches, business expansions, mergers, partnerships, and collaborations. Product launch has been the most preferred strategy among all these strategies adopted in the lidar market. Some of the most prominent ecosystem players are Benewake Co. Ltd., Innoviz Technologies Ltd., LeddarTech Inc., Phantom Intelligence Inc., Quanergy Systems, Inc., Velodyne Lidar, Inc., Analog Photonics LLC, Beijing Surestar Technology, YellowScan, SICK AG, Hexagon AB, and Trimble Inc.

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