LiDAR in Mapping Market to Hit $15 Bn By 2032, Says Global Market Insights Inc.

Major LiDAR in mapping market participants include FARO Technologies, Argo AI, Cepton Technologies, Velodyne LiDAR, Innoviz Technologies, Phantom Intelligence, Luminar Technologies, Ouster, Quanergy Systems, Trimble, LeiShen Intelligent Systems, Topcon Positioning Systems, LeiShen Intelligent Systems and Blickfeld GmbH.

Selbyville, Delaware,, Dec. 12, 2022 (GLOBE NEWSWIRE) —

The LiDAR in mapping market valuation is anticipated to reach USD 15 billion by 2032, as reported in a research study by Global Market Insights Inc. Growing demand for technologies enabling surveying & excavation across a wide range of applications such as civil engineering, military & defense, and geological studies will complement the industry outlook. Multiple government programs and investments are underway, facilitating the penetration of LiDAR technologies for private and public sector applications.

Airborne LiDAR gains widespread applications for mapping & surveying large expanses of land

LiDAR in mapping market from the airborne platform segment is estimated to grow at over 10% CAGR between 2023 and 2032. Increasing demand for customized technologies and integration of next-generation solutions will proliferate the deployment of airborne systems. These include airplanes and helicopters designed for mapping and surveying. Airborne LiDAR is gaining significant traction for surveying and mapping large areas for natural resources. This technology mimics unmanned LiDAR mapping with sophisticated components and better yield, which makes it ideal for landscapes where UAVs cannot suffice.

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Growing use of single-rotor drones by construction operators and surveyors

The LiDAR in mapping market from single rotor drones segment is poised to record 30% gains through 2032. On account of the myriad of advantages over other systems such as the ability to land and take off vertically, single-rotor drones are gaining significant demand. Such advanced capabilities of these drones help operators manage maneuverability in tight spaces which lack a suitable space for landing and take off. Single-rotor drones are mainly used for construction and surveying as these rotors are more efficient in lifting heavier payloads and require less fuel or battery-based energy for flying.

Infrastructure development activities to increase adoption of static LiDAR systems

The static systems attained more than 25% of the LiDAR in mapping market share in 2022. The product is experiencing a surge in demand due to increasing infrastructure development activities. City planners are increasingly adopting static LiDAR systems to amalgamate accurate and updated data pertaining to energy consumption and demand in urban areas. These systems help infrastructure developers to overcome limitations associated with statistical information and create models for large areas in a short period of time.

Rise in government initiatives for disaster management will boost LiDAR mapping demand

The emergency services application segment is expected to depict 20% growth rate t from 2023 to 2032. Increasing focus on the population, infrastructure, and disaster management will influence LiDAR mapping applications in emergency services.

Increasing number of mineral exploration activities to favor the North America market expansion

North America LiDAR in mapping market size crossed USD 800 million in 2022. The presence of favorable government regulations and the growing need for optimization of expenditure associated with mapping operations will offer lucrative scope for the development of LiDAR technologies. Rapid technological integration in different infrastructure and mineral exploration activities has fueled the need for precise data for 3D mapping.

New partnerships to define the competitive landscape

FARO Technologies, Inc., Argo AI, Cepton Technologies, Inc., Velodyne LiDAR, Inc, Innoviz Technologies Ltd., Phantom Intelligence, Luminar Technologies, Inc., Ouster, Inc., Quanergy Systems, Inc., Trimble Inc, LeiShen Intelligent Systems Co., Ltd., Topcon Positioning Systems, Inc., LeiShen Intelligent Systems Co., Ltd., and Blickfeld GmbH are some of the leading companies in the global LiDAR in mapping market. These participants are implementing strategic initiatives for the expansion of business and customer networks.

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Partial chapters of report table of contents (TOC):

Chapter 2   Executive Summary
2.1    LiDAR in mapping industry 360º synopsis, 2018 – 2032
2.2    Business trends
2.2.1    Total Addressable Market (TAM)
2.3    Regional trends
2.4    Platform trends
2.5    Component trends
2.6    Application trends
Chapter 3   LiDAR in Mapping Industry Insights
3.1    Introduction
3.2    Industry segmentation
3.3    COVID-19 impact
3.4    Impact of Russia-Ukraine conflict
3.5    Technological evolution
3.6    Industry ecosystem analysis
3.7    Technology & innovation landscape
3.8    Regulatory landscape
3.9    Investment portfolio
3.10    Patent analysis
3.11    Key initiatives and news
3.12    Industry impact forces
3.12.1    Growth drivers
3.12.2    Industry pitfalls & challenges
3.13    Growth potential analysis
3.14    Porter’s analysis
3.15    PESTEL analysis

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About Global Market Insights Inc.

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

CONTACT: Aashit Tiwari Corporate Sales, USA Global Market Insights Inc. Toll Free: 1-888-689-0688 USA: +1-302-846-7766 Europe: +44-742-759-8484 APAC: +65-3129-7718 Email: [email protected]

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