Global LiDAR Market revenue is expected to grow at a CAGR of 18.7 percent from 2024 to 2030, reaching nearly USD 6.28 Billion by 2030 during the forecast period as per Stellar Market Research

Stellar Market Research, has published market intelligence and competitive landscape report on the Global LiDAR Market. The report is a combination of primary data and secondary data and field experts have examined the Global LiDAR Market from a local, regional and global point of view. Over the forecast period, Stellar Market Research expects the Global LiDAR Market revenue is expected to grow at a CAGR of 18.7 percent from 2024 to 2030, reaching nearly USD 6.28 Billion by 2030 during the forecast period

To access more details regarding this research, visit the following webpage:https://www.stellarmr.com/report/LiDAR-Market/2259

Global LiDAR Market Overview:

LiDAR is a remote sensing method that uses laser pulses to measure variable distances to the Earth, creating precise, three-dimensional information about the shape and surface characteristics of objects. The strong demand in the market is being pushed by rising LiDAR applications globally, especially in areas such as self-driving cars, environmental monitoring, and infrastructure development. In the LiDAR Market, Luminar and Quanergy are at the forefront due to their advanced technologies concentrating on self-driving cars and intelligent sensing.

Global LiDAR Market Dynamics:

The LiDAR Market is heavily influenced by advancements in autonomous vehicles. This trend boosts the demand for LiDAR technology, resulting in improved overall revenue and sales within the industry LiDAR Market also encounters significant obstacles. Furthermore, the high cost of production and manufacturing of the LiDAR components such as Laser, GPS, etc. LiDAR creates big amounts of data that need advanced processing and analysis tools, making it hard to use them effectively. LiDAR Market gives chances for increase and new ideas

LiDAR Market Regional Insights

The North American region dominated the LiDAR Market in the year 2023. North American LiDAR Market is supported and funded by the government for research and development in LiDAR technology. all these elements together make it more likely that positive trends continue impacting EPS and value chain analysis within the broader context of the LiDAR Market.

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Global LiDAR Market Scope:

Market Size in 2023 USD 1.89 Bn.

Market Size in 2030 USD 6.28 Bn.

CAGR 18.7 % (2024-2030)

Forecast Period 2024-2030

Base Year 2023

Segment Covered by installation, component and application

Report Coverage Market Share, Size & Forecast by Revenue | 2024-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, SMR Competition Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.

Global LiDAR Market Segmentation:

By Installation Type

Airborne
Mobile & UAV
Terrestrial
By Component

GPS
Navigation (IMU)
Laser Scanners
Others
By Application

Corridor Mapping
Engineering
Environment
Exploration
Advanced Driver Assistance Systems (ADAS)
Others

To Learn More About This Study, Please Click Here:https://www.stellarmr.com/report/req_sample/LiDAR-Market/2259

Leading Global LiDAR Market key industry:

Topcon Positioning Systems Inc.
Waymo LLC
Leica Geosystems Holdings AG
Teledyne Optech Inc.
Quantum Spatial, Inc.
Faro Technologies, Inc.
Lumibird Canada
LeddarTech Inc.
Trimble, Inc.
YellowScan

Related Report

Asia Pacific LiDAR Market
Europe LiDAR Market

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About Stellar Market Research:

Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. Firm research on many topics like Healthcare, Pharmaceuticals, Electronics and communications, Chemical and Material, Food and Beverages, Aerospace and defense, and other sectors. The company provide numerous services i.e. consultancy, Market Intelligence, Syndicate Research etc. to help executives in any organization and consumers achieve their mission-critical goals.

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