Light Detection And Ranging Technology (LiDAR) Market

By Product Type;

Airborne, Terrestrial and Mobile & UAV

By Application;

Corridor Mapping, Engineering, Environment, Exploration, ADAS and Others

By Component;

GPS, Navigation (IMU), Laser Scanners and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn995387455 Published Date: September, 2025 Updated Date: October, 2025

LiDAR Market Overview

LiDAR Market (USD Million)

LiDAR Market was valued at USD 2,403.99 million in the year 2024. The size of this market is expected to increase to USD 4,566.74 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 9.6%.


Light Detection And Ranging Technology (LiDAR) Market

*Market size in USD million

CAGR 9.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)9.6 %
Market Size (2024)USD 2,403.99 Million
Market Size (2031)USD 4,566.74 Million
Market ConcentrationMedium
Report Pages369
2,403.99
2024
4,566.74
2031

Major Players

  • Leica Geosystems Holdings AG
  • Teledyne Optech Inc.
  • Quantum Spatial, Inc.
  • Faro Technologies, Inc.
  • Velodyne LiDAR, Inc.
  • Sick AG
  • Geokno
  • Trimble, Inc.
  • RIEGL USA
  • YellowScan

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Light Detection And Ranging Technology (LiDAR) Market

Fragmented - Highly competitive market without dominant players


The LiDAR Market is gaining traction as automation technologies become increasingly widespread. More than 60% of modern automated platforms now rely on LiDAR for precise spatial sensing. The technology’s real-time 3D imaging capability positions it as a critical enabler in industries focused on precision and safety.

Rising Integration in Intelligent Mobility
The demand for smarter mobility solutions is accelerating LiDAR implementation. Around 55% of next-generation transportation systems use LiDAR to improve obstacle detection and environmental mapping. This growing integration highlights LiDAR’s importance in boosting autonomous navigation accuracy.

Advancements Fueling Performance Growth
Recent breakthroughs have made LiDAR sensors more compact and efficient. Approximately 45% of current systems now employ solid-state designs, enhancing durability and minimizing mechanical failure risks. These innovations are shaping the development of lighter and more reliable systems.

Convergence with AI and IoT Networks
LiDAR is increasingly embedded within smart environments through AI and IoT integration. Over 50% of LiDAR solutions are part of connected sensor networks that enhance data-driven decision-making and real-time operational control, particularly in automated and adaptive infrastructure.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Component
    4. Market Snapshot, By Region
  4. Light Detection And Ranging Technology (LiDAR) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Autonomous Vehicles
        2. Urban Planning
        3. Environmental Monitoring
        4. Precision Agriculture
      2. Restraints
        1. High Cost
        2. Data Processing Complexity
        3. Regulatory Challenges
        4. Limited Awareness
      3. Opportunities
        1. Emerging Economies
        2. Renewable Energy Projects
        3. Disaster Management
        4. 5G Network Deployment
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Light Detection And Ranging Technology (LiDAR) Market, By Product Type, 2021 - 2031 (USD Million)
      1. Airborne
      2. Terrestrial
      3. Mobile & UAV
    2. Light Detection And Ranging Technology (LiDAR) Market, By Application, 2021 - 2031 (USD Million)
      1. Corridor Mapping
      2. Engineering
      3. Environment
      4. Exploration
      5. ADAS
      6. Others
    3. Light Detection And Ranging Technology (LiDAR) Market, By Component, 2021 - 2031 (USD Million)
      1. GPS
      2. Navigation (IMU)
      3. Laser Scanners
      4. Others
    4. Light Detection And Ranging Technology (LiDAR) Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN(Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Velodyne Lidar Inc.
      2. Quanergy Systems Inc.
      3. Teledyne Optech
      4. Leica Geosystems AG (Hexagon AB)
      5. Trimble Inc.
      6. RIEGL Laser Measurement Systems GmbH
      7. Sick AG
      8. Topcon Corporation
      9. Waymo LLC
      10. LeddarTech Inc.
      11. Ouster Inc.
      12. Innoviz Technologies Ltd.
      13. Cepton Inc.
      14. Valeo SA
      15. Hesai Technology Co., Ltd.
  7. Analyst Views
  8. Future Outlook of the Market