The LiDAR Market is expected to reach USD 20,028.2 million by 2029 from an estimated USD 3,480.3 million in 2022, at a CAGR of 28.4% during the forecast period 2022–2029. The growth of this market is driven by the increasing adoption of LiDAR systems for developing UAVs, the growing use of LiDAR technology in autonomous vehicles, the emergence of 4D LiDAR, and increasing government investments in LiDAR technology.
However, the safety risks associated with UAVs and autonomous vehicles restrain the growth of this market. Increasing OEM investments in LiDAR start-ups offer market growth opportunities. However, the high cost of installing LiDAR systems is a challenge for market growth.
Here are the top 10 companies operating in LiDAR Market
Founded in 1978 and headquartered in California, U.S., Trimble Inc. is an industrial technology company that manufactures electrical, mechanical and plumbing products and services across a range of industries, including architecture, building construction, civil engineering, geospatial, survey and mapping, agriculture, natural resources, utilities, and transportation. The company operates through four segments, namely, Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. Through its Geospatial segment, the company manufactures and sells LiDAR-enabled laser scanners, mobile mapping systems, and GNSS systems.
Trimble’s global operations include development, manufacturing, and logistics operations in the U.S., the Netherlands, India, Germany, Finland, Canada, New Zealand, the United Kingdom, and Sweden. Its products are sold across more than 150 countries through dealers, representatives, joint ventures, and other channels and direct sales to end users. As of December 2021, the company had a headcount of 11,931 globally.
Leica Geosystems AG
Incorporated in 1997 and headquartered in Switzerland, Europe, Leica Geosystems is a wholly owned subsidiary of Hexagon AB. The company manufactures and sells various LiDAR-enabled products such as GNSS systems, laser scanners, airborne systems, mobile mapping systems, and UAV systems. It provides products across multiple industries, including construction, transportation, power & plant, utilities, mining, oil & gas, agriculture and many others. The company operates through nine reportable segments: Surveying, Electronics & Manufacturing, Infrastructure & Construction, Power & Energy, Automotive, Aerospace & Defense, Natural Resources, Public Safety, and Other.
The company has a geographical presence across Europe, Middle East & Africa, the Americas, and Asia. As of December 2021, the company had a headcount of 21,192 employees worldwide.
Incorporated in 1946 and headquartered in Germany, Europe, SICK AG focuses on developing, producing, and distributing sensors, systems, and services for industrial automation technology. The company caters its sensors across multiple applications such as detecting, identifying, measuring, monitoring and controlling, protecting, networking, and many others in the industrial sector. It offers solutions globally in the form of components, systems, software, or individual services. The company operates through three reportable segments, namely, Factory Automation, Logistics Automation, and Process Automation.
The company has a geographical presence across Europe, Middle East & Africa; North, Central, and South America; and Asia-Pacific. As of December 2021, the company had a headcount of 11,022 employees worldwide.
Velodyne Lidar, Inc.
Incorporated in 1983 and headquartered in California, U.S., Velodyne Lidar, Inc. is a leading LiDAR technology company that provides real-time 3D vision for autonomous systems. Its solutions are deployed in many applications, including autonomous mobile robots, unmanned aerial vehicles (UAVs), last-mile delivery, precision agriculture, advanced security systems, smart city initiatives, and automotive applications. The company operates through two segments: Product and License and Services.
The company has a geographical presence across North America, Asia-Pacific, Europe, and the Middle East & Africa. As of December 2021, the company had a headcount of 407 employees worldwide.
FARO Technologies, Inc.
Incorporated in 1981 and headquartered in Florida, U.S., FARO Technologies, Inc. designs, develops, manufactures, sells, and supports software-driven, three-dimensional (3D) measurement, imaging, and realization solutions for the 3D metrology, architecture, engineering and construction (AEC), Operations and Maintenance (O&M), and public safety analytics markets. The company sells most of its solutions through a direct sales force and indirect channels across various industries, including automotive, aerospace, metal and machine fabrication, surveying, architecture, engineering and construction, public safety forensics and other industries.
The company has a geographical presence across the Americas, Asia-Pacific, Europe, and the Middle East & Africa. As of December 2021, the company had a headcount of 1,432 employees worldwide.
“Meticulous Research in its latest publication on LiDAR Market has predicted the growth of 28.4% during the forecast year 2022-2029”
Incorporated in 1923 and headquartered in France, Europe, Valeo is a technology company that designs and manufactures mobility solutions and integrated electric powertrain solutions for human-machine interfaces. Moreover, it manufactures lighting and washing systems, thermal management systems, modules, and components, as well as supplies original equipment spares to dealer networks and replacement parts to the independent aftermarket. The company operates through five reportable segments, namely, Comfort & Driving Assistance Systems, Powertrain Systems, Thermal Systems, Visibility Systems, and Other
The company has a geographical presence across Europe, Africa, North America, South America, and Asia. As of December 2021, the company had a headcount of 103,300 employees worldwide.
Incorporated in 1974 and headquartered in Toronto, Canada, Teledyne Optech provides enabling technologies for industries that require advanced technology and high reliability. The company provides a global sensing and decision-support technology such as specialty sensors, cameras, instrumentation, algorithms and software across the electromagnetic spectrum and unmanned systems in the subsea, land, and air domains. It provides its product and technologies for multiple applications, including factory automation and condition monitoring, aerospace and defense, air and water quality environmental monitoring, electronics design and development, medical imaging and pharmaceutical research, oceanographic research, deep water energy exploration, and production. The company operates through four reportable segments, namely, Digital Imaging, Instrumentation, Aerospace & Defense Electronics, and Engineered Systems.
The company has a geographical presence across the U.S., Canada, the U.K., Belgium, the Netherlands, and all other countries. As of December 2021, the company had a headcount of 14,500 employees worldwide.
Aeva Technologies, Inc.
Incorporated in 2017 and headquartered in California, U.S., Aeva is a technology company that specializes in designing, manufacturing and selling LiDAR sensing systems and related perception and autonomy-enabling software solutions serving customers in automotive and other markets. It delivers a specified number of LiDAR sensing systems sold and used by the customer for its research, development, evaluation, pilot, or testing purposes. The company also enters into non-recurring engineering service arrangements with certain customers to customize its perception solution to meet customer-specific requirements. Currently, the company operates through one operating segment, Components.
The company has a geographical presence across North America, Europe, and Asia. As of December 2021, the company had a headcount of 227 employees worldwide.
Pepperl+Fuchs (India) Pvt. Ltd.
Founded in 1945 and headquartered in Bangalore, India, Pepperl+Fuchs is wholly owned subsidiary of Pepperl+Fuchs SE based in Germany. Pepperl+Fuchs (India) Pvt. Ltd. is a provider of industrial sensors and explosion protection equipment. The company provides equipment across multiple industries, including automotive, electronics, oil & gas, chemical, pharmaceutical, power, and print and paper. It has a geographical presence across Asia-Pacific, Europe, North America, South America, and the Middle East & Africa.
RIEGL Laser Measurement Systems GmbH
Founded in 1978 and headquartered in Austria, Europe, RIEGL specializes in the research, development and production of laser rangefinders, distance meters, and scanners. It provides hardware for terrestrial, industrial, mobile, airborne, bathymetric and UAV-based laser scanning for multiple fields of application in surveying.
The company has a geographical presence across Europe, North and South America, Asia, Australia, and Africa.
Popular Mentions: Shanghai Hesai Technology Co., Ltd. (China), LeddarTech Inc. (Canada), Suteng Innovation Technology Co., Ltd. (China), Hokuyo Automatic USA Corporation (U.S.), Zephire Ltd. (U.K.) and Mirrorcle Technologies Inc.(U.S.).
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Authoritative Research on the LiDAR Market – Global Opportunity Analysis and Industry Forecast (2022-2029)
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