LiDAR Scanner Market Trends: to Surpass USD 5.25 Billion by 2030

LiDAR Scanner Market Snapshot

“The LiDAR Scanner Market to grow from USD 1.3 Billion in 2023 to USD 5.25 Billion by 2030, at a CAGR of 18.8%.”

A LiDAR scanner is a remote sensing technique that uses a laser pulse to create precise 3D images of an environment or item, consisting of a laser, scanner, and GPS receiver.

LiDAR scanners are utilized in various industries, including automotive, robotics, industrial, indoor mapping, entertainment, and retail, for applications such as AR video games, 3D indoor mapping, manufacturing automation, and obstacle identification in self-driving cars.

LiDAR technology is widely used across various sectors to create 3D models and maps using detailed measurements of objects or environments. This technology captures the physical world in digital form, allowing users to scan spaces around them using LiDAR sensors and cameras.

LiDAR uses a light detection method to measure depth by analyzing the time it takes for infrared light pulses to return after collisions with adjacent objects, determining each object's distance by measuring the interval between the output laser pulse and the reflected pulse.

What does Apple's LiDAR scanner do?

Apple's recent products, including the iPad Pro, iPhone 12 Pro and Pro Max, iPhone 13 Pro and Pro Max, and iPhone 14 Pro and Pro Max, feature a built-in LiDAR scanner, enabling users to create accurate, realistic 3D representations of nearby objects and environments.

Apple's RoomPlan API enables 3D modeling of interior spaces, enhancing AR experiences with its LiDAR scanner. The app scans a room on foot, creating a 3D model of virtual elements like walls, windows, doors, and furniture.

>>>Download Sample Report Now:https://marketreportservice.com/request-sample/lidar-scanner-market-54735 

Segment Analysis

Segment by Product Type

In 2022, the airborne LiDAR Scanner segment accounted for the majority of revenue in the scanning market due to the increasing popularity of aerial mapping technologies. These technologies generate accurate digital elevation models, covering larger regions faster and with greater coverage than terrestrial options.

Airborne lidar, a technique where a laser scanner is mounted on an airplane during flight, produces a 3-D point cloud of terrain, replacing photogrammetry as the most precise and detailed method for creating digital elevation models.

Terrestrial laser scanning is a ground-based version of airborne LIDAR used for terrain and landscape mapping, a recent development for high-resolution mapping.

Segment by Technology

The LiDAR Scanner market is divided into 3D, 1D, and 2D segments. The 3D technology sector is expected to grow rapidly between 2023 and 2030 due to its use in topographic surveying, civil engineering, military and defense, and corridor mapping. This growth in 3D technology for LiDAR is expected to positively impact market expansion.

Growth Drivers

The increasing demand for 3D imagery is expected to significantly boost market growth.

The 3D imaging market is expected to grow rapidly due to increasing demand in various applications such as topographic surveying, civil engineering, military and defense, and corridor mapping. The use of textured 3D pictures is also increasing in security feature installations.

The demand for 3D imaging is also increasing in business, government, and consumer sectors. LiDAR is used in government applications for road, train, city, and forest management, and is recognized as an enabling technology for self-driving car concepts in the consumer market.

LiDAR is a technology that creates a 3D real-time information model of the outside world by measuring the time of flight of laser points. It uses the speed of light to determine each object's distance, generating a 3D matrix of its surroundings.

With the addition of a camera, 4D LiDAR offers all the features of 3D LiDAR, including real-time picture capture and depth awareness in every pixel. This technology is expected to benefit machine vision, factory automation, and autonomous cars.

Restraints

The market for LiDAR services faces challenges due to high costs and a scarcity of geospatial data. A LiDAR system costs around USD 75,000, including top-tier technology, sensors, scanners, and accessories. Processing software should be free, but post-processing software may need to be purchased from a third party, potentially costing between USD 20,000 and $30,000.

Competitive Landscape of the LiDAR Scanner Market Analysis

• Leica Geosystems AG (Sweden)
• Trimb le
• Teledyne Optec (Canada)
• FARO Technologies
• RIEGL Laser Measurement Systems GmbH (Austria)
• SICK AG (Germany)
• Quantum Spatial (US)
• Beijing SureStar Technology Co. Ltd. (China)

New Developments in LiDAR Scanner Market

October 10, 2023 – Revolutionizing 3D Scanning Data Capture, FARO® Unveils Orbis™ Mobile Scanner

FARO Technologies, Inc. (Nasdaq: FARO), a pioneer in the field of 3D measurement, imaging, and realization technology is proud to announce the release of the FARO® Orbis™ Mobile Scanner, a groundbreaking advancement set to redefine 3D reality capture.

Orbis is the first to market hybrid SLAM scanner that can be used for both mobile and stationary data capture in one device. Offering local or cloud-based data processing and collaboration, Orbis is the latest evolution in FARO's industry leading Simultaneous Localization and Mapping (SLAM)-enabled LiDAR technology.

June 13th 2023- Leica Geosystems, part of Hexagon, introduces the Leica CountryMapper, extending the hybrid sensor portfolio with the most efficient solution for large-area imaging and LiDAR mapping.

Combining a large-format photogrammetric camera with a high-performance LiDAR unit into a single system, the CountryMapper collects foundational geospatial data simultaneously, enabling the generation of highly accurate data products to support a wide variety of customer applications.

Regional Analysis of Global LiDAR Scanner Industry

North America leads the automotive market with a market share of over 47.5%, driven by widespread adoption of vehicle safety measures and the growing adoption of innovations like driverless vehicles and ADAS. The automotive sector also shows significant potential due to the presence of prominent LiDAR businesses in North America, including producers, researchers, distributors, and middlemen.

Conversely, during the projection period, Asia Pacific is anticipated to increase at the quickest rate. Growth in this region is being driven by the increased adoption of LiDAR systems in the IT & telecommunications and commercial production sectors. Growing demand from developing nations like South Korea, Japan, China, and India is driving the LiDAR market in the area.

Countries like Korea and India are likely to have extremely high compound annual growth rates (CAGRs) during the projected period due to increased investment options for foreign investors and the government.

Furthermore, the LiDAR sensor is a crucial piece of technology that makes automated processes possible in Japan. These processes include driver assistance, fully automated, and automated solutions.

Segments Covered in the LiDAR Scanner Market Report

LiDAR Scanner Market Segment by Product Type

• Airborne LiDAR Scanner
• Terrestrial LiDAR Scanner

LiDAR Scanner Market by Type

• Metal
• Polymer
• And Others

LiDAR Scanner Market by Technology

• 1D
• 2D
• 3D

LiDAR Scanner Market by Component

• Laser Scanner
• Navigation & Positioning Systems

LiDAR Scanner Market by Region

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Australia
  • Rest of Asia-Pacific
• Rest of the World
• Middle East
• Africa
• Latin America

Frequently Asked Questions

What does LiDAR Scanner do?

LiDAR is a laser-based remote sensing technique that uses laser light to gather measurements, enabling the creation of 3D models and maps of objects and environments.

What is the expected growth rate of the LiDAR Scanner market over the next 7 years?

The LiDAR Scanner Market to grow from USD 1.3 Billion in 2023 to USD 5.25 Billion by 2030, at a CAGR of 18.8%.

Who are the major players in the LiDAR Scanner market and what is their market share?

Leica Geosystems AG (Sweden), Trimb le, Teledyne Optec (Canada), FARO Technologies, RIEGL Laser Measurement Systems GmbH (Austria), SICK AG (Germany), Quantum Spatial (US), Beijing SureStar Technology Co. Ltd. (China), are prominent players operating and dominating in the market.

Which geographical areas dominate the worldwide market for LiDAR Scanner?

North America region are emerging as the top regional markets for LiDAR Scanner.