Precision Business Insights has published a report on the global liDAR market, estimating its value at USD 1.7 Billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 18.2% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/lidar-market

Market Definition:

Light Detection and Ranging is referred to as LiDAR. It is a remote sensing technology that employs laser light pulses to determine distances between a sensor and surrounding objects. LiDAR produces high-resolution 3D maps of the surroundings by directing laser beams and examining the signals that are reflected.

Drivers:

1) Rising adoption of autonomous vehicles.
2) Growth in smart infrastructure projects.

The global liDAR market segmentation:

1) By Product Type: Terrestrial LiDAR, Aerial LiDAR, Mobile LiDAR, Short Range LiDAR.
2) By Component: Laser, Inertial Navigation System, GPS Global Navigation Satellite System, Micro Electromechanical System.
3) By Application: Corridor Mapping, Seismology, Exploration and Detection & Others.
4) By End User: Civil Engineering, Archaeology, Forestry and Agriculture, Mining, Transportation, Defence and Aerospace & Others.

Regional Overview:
The report also examines the current concerns and their Future Effects on the liDAR market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the liDAR market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

·         North America (U.S., Canada)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)

·         Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)

·         Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like Hesai Group (China) | Ouster, Inc. (USA) | Valeo SA (France) | Aeva Technologies, Inc. (USA) | Luminar Technologies (USA) | Innoviz Technologies Ltd. (Israel) | Quanergy Systems, Inc. (USA) | RoboSense Technology Co., Ltd. (China) | Leica Geosystems AG (Switzerland) | Sick AG (Germany) | Trimble Inc. (USA) | Teledyne Optech (Canada) | Leosphere SA (France) | Velodyne LiDAR, Inc. (USA) | Faro Technologies, Inc. (USA) | Cepton Technologies, Inc. (USA) | Waymo LLC (USA) | Denso Corporation (Japan) | Continental AG (Germany) | Benewake (China) | Livox Technology Co., Ltd. (China) | Beijing Wanji Technology Co., Ltd. (China) | SureStar Technology Co., Ltd. (China) | Faselase Inc. (USA) | Hokuyo Automatic Co., Ltd. (Japan) | ASC Sensing Solutions (USA) | LeiShen Intelligent System (Shanghai) Co., Ltd. (China) | Benewake Ltd. (China) | MicroVision, Inc. (USA)

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