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LiDAR Market Share, Size, Trends and Growth, By Product

Analysis, Application and Segment Forecasts To 2022

The global LiDAR market is expected to reach USD 944.3 million by 2022, according to a new study by
Grand View Research, Inc. Technological advancements in automated processing ability in image
processing and data processing capabilities are anticipated to be the major factors to spur growth.
Rising government initiatives towards the adoption of these systems and increasing automation leading
to reduced human efforts are also expected to drive demand. The LiDAR market is expected to witness
significant growth owing to large infrastructure investments along with the need for road mapping.
Further, the segment is also expected to witness high growth due to increased penetration across wind
projects, transportation agencies, and urban data acquisiton. Increased resolution by the use of mobile
mapping as compared to airborne mapping is the result of reduced standoff distance.
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LiDAR technology applications in government and commercial areas, which include railways, roadways
management, and forestry, are also expected to spur growth owing to increasing demand for adoption
of technology coupled with 3D imagery solutions over the forecast period. This technology has
witnessed major evolutions with surge in eminence of laser beams driving the demand. 3D imaging and
scanning are considered to be its major application, which are frequently used in the healthcare,

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manufacturing, and automotive sectors. It has successfully acquired the clientele of photogrammetry
systems due to its higher accuracy and subtle operational deliverance. Surging applicability of UAVs in
commercial operations is directly linked to industry growth.
Increased adoption of direct visualization using point splatting, faade modeling using LASERMAPs, and
automated indoor modeling are some of key factors expected to drive the demand over the forecast
period. Increasing speed of acquisition, better handling of sensors, and higher accuracy would have a
major impact on the general use of low-cost mobile mapping systems.
However, lack of knowledge among customers owing to negligence and loss of potential resources is
expected to pose a challenge to industry growth. LiDAR systems for space-based active remote sensing
of the earth face a number of challenges owing to high power requirement in various systems. Lack of
ability to sense the environment and use of perceptual information for controlling the technology are
the major challenges faced by the operators. However, flash systems based on multi-element and 2D
sensor arrays yield 3D imaging data, but are restricted from installing in UGV and robotic platforms
owing to high cost.
Further key findings from the study suggest:
Terrestrial LiDAR market accounted for over 30% of the overall revenue in 2014 after airborne systems.
Terrestrial systems offer remote acquisition and measurement increasing efficiency & safety of surveys
and high point density data ensuring depiction of topography.
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Mobile mapping industry is anticipated to exhibit significant growth, growing at a CAGR of over 25%
from 2015 to 2022. Increased penetration rate of mobile communication devices has compelled service
providers to provide enhanced network coverage with high cost-benefit ratio.
North America LiDAR market is expected to have substantial share in terms of revenue over the forecast
period. This may be primarily attributed to increasing adoption of 3D imagery technologies by the
government in the region.
Notable companies operating in the LiDAR market, such as Phoenix, Quanergy, and Velodyne provide
varied data collection solutions. The key participants offer professional training and equipment
deployment services in the art of data acquisition. Mergers and acquisitions are being adopted by the
key players to extend their share across the globe. For example, Velodyne launched VLP-16 also known
as the Velodyne Puck, which is capable of achieving 16 channels of data with 300,000 measurements per
second. This technology has been incorporated into Phoenix Aerial Systems solution for UAV-based
mobile mapping, combining high-end IMU with differential GPS along with Velodyne Puck device.

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Table Of Content
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. LiDAR - Industry snapshot and key buying criteria, 2012 - 2022
Chapter 3. LiDAR Industry Outlook
3.1. Market segmentation
3.2. Market size and growth prospects
3.3. LiDAR value chain analysis
3.4. LiDAR market dynamics
3.5. Key opportunities prioritized
3.6. Industry analysis - Porter's
3.7. LiDAR - Key competitor analysis, 2014
3.8. LiDAR market PESTEL analysis, 2014
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Chapter 4. LiDAR Product Outlook
4.1. Airborne
4.2. Terrestrial
4.3. Mobile
4.4. Short-range
Chapter 5. LiDAR Component Outlook
5.1. GPS
5.2. Data Storage & Management Systems
5.3. Navigation
5.4. Laser Scanners
5.5. Others
Chapter 6. LiDAR Application Outlook
6.1. Military & Defense
6.2. Civil Engineering
6.3. Government
6.4. Corridor Mapping

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6.5. Topographical Surveys
Chapter 7. LiDAR Regional Outlook
7.1. North America
7.2. Europe
7.3. Asia Pacific
7.4. Latin America
7.5. MEA
Chapter 8. Competitive Landscape
8.1. 3D Laser Mapping
8.2. Aerometric
8.3. Airborne Hydrography Ab
8.4. Airborne Imaging Inc.
8.5. Avent Lidar Technology
8.6. Digitalworld Mapping
8.7. Faro Technology
8.8. Firmatek
8.9. Intermap Technologies Corp.
8.10. Leica Geosystems AG
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