Light Detection and Ranging (LiDAR): Technologies and Global Markets

Report Highlights

The global market for light detection and ranging (LiDAR) technology should grow from $3.2 billion in 2023 to $7.0 billion by the end of 2028, at a compound annual growth rate (CAGR) of 16.5% during the forecast period of 2023-2028.

Report Includes

• 42 data tables and 38 additional tables
• An up-to-date overview and analysis of the global market for LiDAR
• Analyses of the global market trends, with historical market revenue data (sales figures) for 2022, estimates for 2023, forecasts for 2024 and 2026, and projections of compound annual growth rates (CAGRs) through 2028
• Estimates of the actual market size and revenue forecast for the global LiDAR market in USD millions, and a corresponding market share analysis based on component, product type, range, application and geographic region
• In-depth information (facts and figures) pertaining to market drivers, opportunities, challenges and prospects; technologies; regulatory scenarios; and the impacts of COVID-19 and the Russia-Ukraine war on the global LiDAR market
• An industry value chain analysis that provides a systematic study of the key intermediaries, with emphasis on OEM manufacturers, raw materials suppliers and major types of end users
• Holistic reviews of Porter’s Five Forces and PESTLE analyses, which take into account the prevailing micro- and macro-environmental factors in the market
• A description of ESG developments and company practices in the LIDAR market
• A look at the major vendors in the global LiDAR market, and an analysis of the industry’s competitive landscape, including market shares and recent mergers and acquisitions (M&A) activity
• A review of emerging technologies and innovations in the market
• An analysis of recent patent activity
• Profiles of the leading companies

Report Scope

This report provides an overview of the global market for LiDAR and analyses market trends. Using 2022 as the base year, the report provides estimated market data for the forecast period 2023 through 2028. Revenue forecasts for this period are segmented based on component, product type, technology, range, application, and region.

The report also focuses on the major trends and challenges that affect the market and the competitive landscape. It explains the current market trends and provides detailed profiles of the major players and their strategies to enhance their market presence. The report estimates the size of the global LiDAR market in 2022 and provides projections of the expected market size through 2028.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.