LiDAR Services Market Report 2024 (Global Edition)

Global LiDAR Services Market Report 2024 Market Size Split by Service Type (GIS Service, Asset Management, Aerial Surveying, Ground-Based Surveying, Mapping, Modeling, City Modelling, Others), by Appl...

LiDAR Services Market Report Description

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LiDAR Services Market Insights Video

Competitive Landscape of the LiDAR Services Market

Several prominent players dominate the LiDAR services market. Companies such as Velodyne Lidar, Leica Geosystems, Trimble Inc., and RIEGL Laser Measurement Systems are well-known for their cutting-edge LiDAR technologies and comprehensive services.

December 2022, FARO Technologies, Inc. announced the purchase of SiteScape, a leader in LiDAR 3D scanning software solutions for the AEC and O&M markets. SiteScape allows LiDAR-equipped mobile devices to effortlessly record indoor locations digitally, giving a convenient entry point into scanning physical spaces for a variety of applications. (Source: https://www.faro.com/en/News-Library/2022/FARO-Acquires-SiteScape) November 2021, Leica Geosystems has established a partnership with Airbus to integrate two Leica Chiroptera 4X bathymetric LiDAR sensors for maritime surveillance into the C295 MSA, Airbus' Maritime Surveillance Aircraft. It allows for the detection of submerged objects in near real-time. (Source: https://www.s-ge.com/en/article/news/20214-sensors-leica?ct)

Top Companies Market Share in LiDAR Services Industry: (In no particular order of Rank)

• Leica Geosystems AG (Sweden)
• Trimble Inc. (US)
• Teledyne Optech (Canada)
• FARO (US)
• Ouster (Velodyne Lidar
• Inc.) (US)
• RIEGL Laser Measurement
• Systems GmbH (Austria)
• Sick AG (Germany)
• NV5 Geospatial (US)
• Beijing SureStar Technology Co. Ltd. (China)
• YellowScan (France)
• Leishen Intelligent System Co.
• Ltd. (China)
• SABRE Advanced 3D Surveying Systems (Scotland)
• Hesai Technology (China)
• RoboSense (China)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the LiDAR Services Market

Which Region Dominates the LiDAR Services Market in 2024?

According to Cognitive Market Research, North America is the world's largest LiDAR market. The region employs LiDAR technology for a variety of applications, including urban planning, environmental monitoring, weather forecasting, and others. The growing usage of technologies like as ADAS and AEB is also driving market expansion in the region. Government rules are further aiding the region's growth by mandating the installation of automotive safety technology in both large and light cars in the region.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is the fastest growing region in the LiDAR industry. The market in this region is expanding potential for application in a variety of industries, including agriculture, corridor mapping, and others. India, China, and Japan will emerge as drone technology hubs, accelerating the spread of LiDAR technology. Because of increased investment, the industry is likely to stay profitable during the projection period. The corporations are increasing their footprint in Europe and Asia-Pacific to improve client experiences.

 

The current report Scope analyzes LiDAR Services Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America LiDAR Services

According to Cognitive Market Research, the global LiDAR Services market size was estimated at USD 1354.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 541.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the LiDAR Services market with a market size of USD 427.39 million in 2024 and is projected to grow at a CAGR of 13.2% during the forecast period. While the United States has been a significant player in the LiDAR services market, large enterprises globally hold the major share in the industry. These enterprises, with their substantial resources and investments in LiDAR technology, play a crucial role in shaping the market landscape.
• The Canada LiDAR Services market had a market share of USD 65.00 million in 2024 and is projected to grow at a CAGR of 14.2% during the forecast period. Canada is also a notable player in the LiDAR services market. The country has a growing presence in the industry, with companies offering advanced LiDAR technologies and services across various sectors.
• The Mexico LiDAR Services market is projected to witness growth at a CAGR of 13.9% during the forecast period, with a market size of USD 49.29 million in 2024.

Europe LiDAR Services

According to Cognitive Market Research, the global LiDAR Services market size was estimated at USD 1354.2 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 406.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.7% from 2024 to 2031.

• The United Kingdom LiDAR Services market had a market share of USD 68.25 million in 2024 and is projected to grow at a CAGR of 14.5% during the forecast period. In the UK, LiDAR Services sales witness an upswing due to the increasing demand for LiDAR technology in applications such as infrastructure development, urban planning, environmental monitoring, and precision agriculture.
• The France LiDAR Services market is projected to witness growth at a CAGR of 12.9% during the forecast period, with a market size of USD 37.38 million in 2024.
• According to Cognitive Market Research, the Germany LiDAR Services market size was valued at USD 80.44 million in 2024 and is projected to grow at a CAGR of 13.9% during the forecast period. In Germany, LiDAR Services sales surged due to the growing adoption of LiDAR technology in industries like automotive, engineering, construction, and environmental monitoring
• The Italy LiDAR Services market is projected to witness growth at a CAGR of 13.1% during the forecast period, with a market size of USD 34.94 million in 2024.
• The Russia LiDAR Services market is projected to witness growth at a CAGR of 12.7% during the forecast period, with a market size of USD 62.97 million in 2024.
• The Spain LiDAR Services market is projected to witness growth at a CAGR of 12.8% during the forecast period with a market size of USD 33.31 million in 2024
• The Luxembourg LiDAR Services market is projected to witness growth at a CAGR of 13.8% during the forecast period, with a market size of USD 12.59 million in 2024.
• The Portugal LiDAR Services market is projected to witness growth at a CAGR of 13.5% during the forecast period, with a market size of USD 8.53 million in 2024.
• The Greece LiDAR Services market is projected to witness growth at a CAGR of 14.0% during the forecast period, with a market size of USD 4.88 million in 2024.
• Rest of Europe's LiDAR Services market is projected to witness growth at a CAGR of 12.4% during the forecast period, with a market size of USD 62.97 million in 2024.

Asia Pacific LiDAR Services

According to Cognitive Market Research, the global LiDAR Services market size was estimated at USD 1354.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 311.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.2% from 2024 to 2031.

South America LiDAR Services

According to Cognitive Market Research, the global LiDAR Services market size was estimated at USD 1354.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 67.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil LiDAR Services market size was valued at USD 28.98 million in 2024 and is projected to grow at a CAGR of 15.2% during the forecast period. LiDAR Services sales flourish in Brazil due to rise in focus on forestry management
• Argentina LiDAR Services market had a market share of USD 11.38 million in 2024 and is projected to grow at a CAGR of 15.5% during the forecast period. Argentina's technological advancements augment the demand to drive innovation in the automated industry.
• Colombia LiDAR Services market is projected to witness growth at a CAGR of 14.4% during the forecast period with a market size of USD 6.03 million in 2024.
• Peru LiDAR Services market is projected to witness growth at a CAGR of 14.8% during the forecast period with a market size of USD 5.55 million in 2024.
• Chile LiDAR Services market is projected to witness growth at a CAGR of 14.9% during the forecast period with a market size of USD 4.88 million in 2024.
• The Rest of Latin America LiDAR Services market is projected to witness growth at a CAGR of 13.7% during the forecast period, with a market size of USD 10.90 million in 2024.

Middle East and Africa LiDAR Services

According to Cognitive Market Research, the global LiDAR Services market size was estimated at USD 1354.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 27.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.9% from 2024 to 2031.

• The GCC Countries LiDAR Services market is projected to witness growth at a CAGR of 15.7% during the forecast period with a market size of USD 11.59 million in 2024. LiDAR Services sales flourish due to the increasing demand for advanced mapping and surveying technologies in various sectors.
• The Egypt LiDAR Services market is projected to witness growth at a CAGR of 15.2% during the forecast period, with a market size of USD 2.84 million in 2024.
• The South Africa LiDAR Services market is projected to witness growth at a CAGR of 15.9% during the forecast period, with a market size of USD 4.28 million in 2024. LiDAR Services sales flourish in South Africa due to rising need for precise mapping.
• The Turkey LiDAR Services market is projected to witness growth at a CAGR of 14.4% during the forecast period, with a market size of USD 2.33 million in 2024.
• The Nigeria LiDAR Services market is projected to witness growth at a CAGR of 14.0% during the forecast period, with a market size of USD 2.84 million in 2024.
• The Rest of MEA LiDAR Services market is projected to witness growth at a CAGR of 13.9% during the forecast period, with a market size of USD 3.20 million in 2024.

LiDAR Services Market Analysis

LiDAR Services Market Service Type Segment Analysis

According to Cognitive Market Research, in 2023, the GIS service category experienced significant growth in the LiDAR market. A Geographic Information System (GIS) can quickly and easily accommodate LiDAR data for analysis and interpretation. This remote sensing approach allows users to collect incredibly dense point samples of features in three dimensions.

Ground-based LiDAR is the market's fastest expanding sector. Ground-based LiDAR systems are in high demand for a variety of applications, including autonomous cars and smart infrastructure. These contribute to giving reliable data for real-time mapping and object detection. These are critical for the development of advanced driver assistance systems (ADAS) and self-driving automobiles. The increasing use of mobile LiDAR systems in mining, building, and surveying is driving market expansion since it requires detailed ground level data.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of LiDAR Services Industry. Request a Free Sample PDF!

LiDAR Services Market Category Segment Analysis

According to Cognitive Market Research, the corridor application sector has the biggest market share. The corridor mapping application is predicted to increase significantly, but its overall market share will drop over the projection period. Low-speed collision prevention systems and driver assistance systems are likely to become mainstream technologies. The integration of map-enabled systems brings up new application possibilities, such as lane departure systems, driver assistance systems, and intelligent front lighting systems powered by the united adaptive front lighting.

ADAS is the fastest growing sector by application in the LiDAR market, owing to the increased use of LiDAR-based sensors in a number of automotive safety applications. These ADAS use cameras and LiDAR to recognize their surroundings and avoid mishaps. As a result, it contributes to market growth.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

LiDAR Services Organization size Segment Analysis

Organization size Segment Analysis

According to Cognitive Market Research, Large enterprises dominate the LiDAR services industry, accounting for the majority of the market share. They have substantial resources to invest in LiDAR technology and services, giving them a competitive advantage in the industry.

Small and medium-sized enterprises (SMEs) constitute the LiDAR services market's fastest-growing category. SMEs are increasingly understanding the benefits of LiDAR technology for a variety of applications and are quickly using these services to improve their operations and competitiveness.

• Large Enterprises
• SMEs

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

Author's Conclusion