Lucintel anticipates that Asia Pacific will be the fastest growing region in the LiDAR market

   October 3, 2019
According to a market report by Lucintel, the future of the LiDAR market looks promising with opportunities in the corridor mapping, engineering, environment, and ADAS and driverless car applications. The LiDAR market is expected to grow with a CAGR of 17% from 2019 to 2024. The major drivers for this market are growing demand for the 3D imaging technology, increasing governments and institutes supports for the adoption of LiDAR, and application of LiDAR in engineering projects.

To download report brochure, please go to and click "report brochure" tab from the menu.

Mechanical and solid-state are the LiDAR type of this market. Solid-state LiDAR is the largest segment. Within the LiDAR market, corridor mapping, engineering, environment, ADAS and driverless, and exploration are the major applications. ADAS and driverless car is the largest application for LiDAR. Airborne and ground-based are the major installation types of the LiDAR market.

APAC will remain the largest market over the forecast period.

Teledyne Optech, Leica Geosystems, Riegl Laser Measurement Systems, Trimble, Faro Technologies, Quantum Spatial (Aerometric), Beijing Surestar Technology (Isurestar), Velodyne LiDAR, Geokno and  Sick AGare are among the major manufacturers of LiDAR

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the LiDAR market by LiDAR type, installation, range, component, service, application, and region. Lucintel has prepared a comprehensive research report entitled “LiDAR Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the LiDAR market by LiDAR type, installation, range, component, service, application, and region as follows:

By LiDAR Type [$M shipment analysis for 2013 – 2024]:

  • Mechanical LiDAR

  • Solid-State LiDAR

By Installation [$M shipment analysis for 2013 – 2024]:

  • Airborne

  • Ground-Based

By Range [$M shipment analysis for 2013 – 2024]:

  • Short

  • Medium

  • Large

By Component [$M shipment analysis for 2013 – 2024]:

  • Laser Scanners

  • Navigation and Positioning Systems

  • Other Components

By Service [$M shipment analysis for 2013 – 2024]:

  • Aerial Surveying

  • Asset Management

  • GIS Services

  • Ground-Based Surveying

  • Other Services

By Application [$M shipment analysis for 2013 – 2024]:

  • Corridor Mapping

  • Engineering

  • Environment

  • ADAS & Driverless

  • Exploration

  • Other

By Region [$M shipment analysis for 2013 – 2024]:

  • North America

    • United States

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • Italy

  • Asia Pacific

    • China

    • Japan

    • India

  • Rest of the World

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit

Lucintel Corporate Customers

Market Entry, M & A, Opportunity Screening,...

Private Equity Customers

Buy Side Services (target screening, due diligence, ..)

Market Research Reports

Aerospace & Defense [53]
Chemical [264]
Composites & Advanced Materials [171]
Construction & Industrial [76]
Consumer and Retail [140]
Economic Analysis [86]
Energy & Utility [73]
Finance & Services [10]
Healthcare [79]
Media & Entertainment [16]
Metals & Mining [17]
Technology & Telecommunication [166]
Transportation [143]

Customer Quotes

"With more than 20 years experience in the industry, this is the first time we have come across such an extensive market analysis for our industry." Ven Cote, CEO, ZCL

"The insights we gained from Lucintel work helped with our business plan…a wonderful professional job…" Mike Jackson, Stahlin

"The report from Lucintel is useful not only for business planners, but also for the technology officers wanting to create a roadmap …" Dr. Giulio Ranzo, Booz Allen

"The information is so comprehensive, it has allowed us to identify & focus our business development efforts. It saved months of leg-work." Bill Barz, L&L Products

"We bought Lucintel report because it is the best report about our industry…a complete and appropriate analysis." Cesare Andrenacci, Ferretti

Quick Query

Lucintel Insights in News

Follow us on