LiDAR Market Size Worth USD 8,629.47 Million By 2034 | CAGR: 18.0%

The LiDAR market size is expected to reach USD 8,629.47 million by 2034, according to a new study by Polaris Market Research. The report “LiDAR Market Size, Share, Trends, Industry Analysis Report: By Type, Component, Range, Installation, Services, Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034.” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The LiDAR market is experiencing rapid growth as LiDAR systems offer high-resolution 3D mapping of the surrounding environment, which is essential for accurate object detection and tracking in real time. This capability enables quicker and more reliable decision-making processes across various industries, including military & defense, land surveys, civil engineering, and route mapping.

Advances in sensor technologies are driving the development of sophisticated geospatial solutions, particularly for mobile mapping and machine control, resulting in enhanced workflows, productivity, and project results.

LiDAR sensors can integrate various technologies to advance geospatial solutions. The integration of data from sensors and cameras of LiDAR systems can provide valuable data, thereby enhancing productivity.

For instance, in October 2022, Emesent launched three products: Hovermap ST-X, Long Range Radio, and Aura platform. These products allow geospatial clients to gather precise 3D data efficiently in intricate environments in a shorter time frame and analyze the detailed outcomes.

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In recent years, advanced driver assistance systems (ADAS) have been integrated into vehicles. ADAS relies on LiDAR sensors to provide data for applications such as adaptive cruise control, lane departure warning, and autonomous emergency braking.

The demand for LiDAR in ADAS is accelerating as automakers and tech companies develop fully autonomous vehicles. LiDAR's ability to provide detailed, precise spatial data allows vehicles to perceive their surroundings with greater accuracy than traditional sensors alone, such as cameras and radar. This, in turn, is driving market growth.

For instance, in March 2024, Stellantis, an automaker, invested in the development of the next-generation LiDAR technology to improve ADAS in upcoming vehicle models. This is based on the integration of frequency-modulated continuous wave (FMCW) with silicon photonics technology.

LiDAR Market Report Highlights

• By range analysis, the short range segment dominated the market in 2024, mainly attributed to its use in manufacturing settings and industrial automation.
• Based on services outlook, the aerial surveying segment accounted for the largest market share in 2024, as it finds applications in monitoring incidents in various areas like roads, railways, highways, and bridges.
• North America dominated the market in 2024 due to the rising implementation of regulatory requirements for installing automotive safety technologies in vehicles.
• Asia Pacific is expected to grow at the fastest CAGR from 2025 to 2034 due to urbanization and infrastructure development in countries like China, Japan, and India.
• The key market players include FARO Technologies, Inc.; GeoDigital; Leica Geosystem Holdings AG; Quantum Spatial, Inc.; RIEGL USA, Inc.; Sick AG; Teledyne Optech Incorporated; Trimble Navigation Limited; Velodyne LiDAR, Inc.; and YellowScan.

Polaris Market Research has segmented the LiDAR market report based on type, component, range, installation, services, application, and region:

By Type Outlook (Revenue – USD Million, 2020–2034)

• Solid-state
• Mechanical

By Component Outlook (Revenue – USD Million, 2020–2034)

• Navigation & Positioning Systems
• Laser Scanners
• Others

By Range Outlook (Revenue – USD Million, 2020–2034)

• Short Range (< 200m)
• Medium Range (200-500m)
• Long Range (> 500m)

By Installation Outlook (Revenue – USD Million, 2020–2034)

• Ground-Based

• Static
• Mobile

• Airborne

• Bathymetric
• Topographic

By Services Outlook (Revenue – USD Million, 2020–2034)

• Aerial Surveying
• Ground-based Surveying
• Asset Management
• Geographic Information Systems
• Others

By Application Outlook (Revenue – USD Million, 2020–2034)

• Urban Planning
• ADAS & Driverless Cars
• Corridor Mapping
• Environment
• Engineering
• Exploration
• Meteorology
• Others

By Regional Outlook (Revenue – USD Million, 2020–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Australia
  • Vietnam
  • Malaysia
  • Rest of Asia Pacific
• Latin America
  • Argentina
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
  • Rest of Middle East & Africa

LiDAR Market Report Scope