Europe LiDAR Market

Europe LiDAR Market by Products (Ground-based LiDAR and Aerial LiDAR), Components (GPS, Inertial Measurement Units, and Laser Scanners), End-user Industries (Engineering, Automotive, Aerospace, Industrial, and Defense), and Geographies (United Kingdom, Rest of Europe, Netherlands, Germany, France, Belgium, and Spain) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: AL-1098
  • Author: Growth Market Reports
  • Rating: 4.8
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  • No. Of Pages: 175
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Europe LiDAR market size is expected to expand at register a substantial CAGR of 23% during the forecast period, 2021–2028. The growth of the market is attributed to the growing use of lidar in engineering projects, as well as large-magnitude sets that can propel the lidar market forward.

Europe LiDAR Market Key Takeaways

Europe is a rapidly expanding market for LiDAR. LiDAR (light detection and ranging) is a remote sensing technique that measures ranges (varying distances) to the ground using light in the form of a pulsed laser. When these light pulses are integrated with other data from the aerial system, exact three-dimensional information about the earth's shape and surface properties is generated. Due to LiDAR, the market is expected to develop significantly over the projected period, resulting in less human effort and increased efficiency.

The rise in self-driving car research and development in the automotive industry anticipates a rise in LiDAR use in Europe.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing consumer tendency for electric vehicles and the rising adoption of autonomous technology in the LiDAR market are expected to boost the market growth during the forecast period in Europe.
  • Rising need for LiDAR sensors, several automakers have begun developing new electric vehicles, and exhibiting them at auto shows is anticipated to propel the market expansion in the coming years.
  • Reduced pricing of LiDAR devices has supported expanding the applicability of these devices across a variety of industry verticals, which has become one of the market's key driving factors.
  • Drones are increasingly being used for a variety of purposes, including aerospace and defense, as well as automation, which is encouraging companies to invest in drone research.
  • The market is expected to be driven by increased demand for 3D images in various application areas such as military and defense, civil engineering, topographical surveys, and corridor mapping during the forecast period.
  • A key driving factor for the LiDAR market is the growing usage of drones for several applications, such as defense, aerospace, and automation, which are leading organizations to capitalize on drone research.​
  • Customers' lack of awareness and knowledge regarding LiDAR is acknowledged as a Europe LiDAR market constraint.

Scope of the Report

The report on the Europe lidar market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Lidar Market - Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Products (Ground-based LiDAR and Aerial LiDAR), Components (GPS, Inertial Measurement Units, and Laser Scanners), and End-user Industries (Engineering, Automotive, Aerospace, Industrial, and Defence)

Geographic Scope

United Kingdom, the Rest of Europe​, Netherlands, Germany, France​, Belgium​, and Spain

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Leica Geosystems Ag; Riegl Laser Measurement Systems GmbH; Topcon Corporation; Velodyne Lidar Inc.; Phantom Intelligence Inc.; Quanergy Systems Inc.; Neptec Technologies Corp.; Geoslam; Innoviz Technologies Ltd; Sick Ag; TELEDYNE Optech; Trimble Inc.; Faro Technologies Inc.; and Denso Corporation


Europe Lidar Market Segment Insights

Aerial LiDAR segment is projected to hold a large market share
Based on products, the Europe LiDAR market is divided into ground-based LiDAR and aerial LiDAR. The aerial LiDAR segment is expected to constitute a key share of the market during the forecast period owing to aerial LiDAR replaces photogrammetry as an accurate and thorough way of constructing digital elevation models. In comparison to its ground-based LiDAR counterparts, this technology provides improved accuracy and a greater coverage area. It allows for more detailed area mapping in a shorter amount of time.

Europe LiDAR Market By Products

Laser Scanners segment is expected to register at a significant pace
on the basis of components, the Europe LiDAR market is segmented into GPS, inertial measurement units, and laser scanners. The laser scanners segment is expected to represent a key share of the market in the coming years due to LiDAR data from a laser scanner produces a 2D point cloud that can be used for localization, mapping, and modeling of objects and environments. Reduced laser technology prices are projected to enable 3D scanning to discover new applications, resulting in significant growth potential in the coming years.

Europe LiDAR Market By Components

Engineering segment is anticipated to expand at a rapid CAGR
In terms of end-user industries, the market is segregated into engineering​, automotive, aerospace, industrial​, and defense. The engineering segment is expected to hold a key share of the market in the coming years owing to LiDAR technology is critical in surveying and civil engineering for aerial and ground-based scanning, providing valuable insights into existing architecture or details about the stability of inclinations and other factors, which can play a critical role in the development of construction and other operations plans.

Europe is anticipated to dominate the market
On the basis of geographies, the Europe LiDAR market is classified as United Kingdom, the rest of Europe​, Netherlands, Germany, France​, Belgium​, and Spain. Europe is anticipated to expand at an impressive CAGR during the forecast period. The regional market growth can be attributed to the well-developed industrial economy, particularly in automotive, and is rapidly developing into the software. European governments are regarded as among the best in the world when it comes to holistic development, and they are aggressively investing in aerial LiDAR development technology.

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. LiDAR Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. LiDAR Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. LiDAR Market - Supply Chain
  4.5. Global LiDAR Market Forecast
     4.5.1. LiDAR Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. LiDAR Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. LiDAR Market Absolute $ Opportunity
5. Global LiDAR Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. LiDAR Market Size and Volume Forecast by End Users
     5.3.1. Engineering​ Automotive Aerospace Industrial​ Defense
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global LiDAR Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. LiDAR Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global LiDAR Demand Share Forecast, 2019-2026
7. North America LiDAR Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America LiDAR Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America LiDAR Market Size and Volume Forecast by End Users
     7.4.1. Engineering​ Automotive Aerospace Industrial​ Defense
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America LiDAR Demand Share Forecast, 2019-2026
8. Latin America LiDAR Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America LiDAR Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America LiDAR Market Size and Volume Forecast by End Users
     8.4.1. Engineering​ Automotive Aerospace Industrial​ Defense
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America LiDAR Demand Share Forecast, 2019-2026
9. Europe LiDAR Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe LiDAR Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe LiDAR Market Size and Volume Forecast by End Users
     9.4.1. Engineering​ Automotive Aerospace Industrial​ Defense
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe LiDAR Demand Share Forecast, 2019-2026
10. Asia Pacific LiDAR Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific LiDAR Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific LiDAR Market Size and Volume Forecast by End Users
     10.4.1. Engineering​ Automotive Aerospace Industrial​ Defense
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific LiDAR Demand Share Forecast, 2019-2026
11. Middle East & Africa LiDAR Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa LiDAR Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa LiDAR Market Size and Volume Forecast by End Users
     11.4.1. Engineering​ Automotive Aerospace Industrial​ Defense
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa LiDAR Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global LiDAR Market: Market Share Analysis
  12.2. LiDAR Distributors and Customers
  12.3. LiDAR Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Leica Geosystems Ag Riegl Laser Measurement Systems GmbH​ Topcon Corporation Velodyne Lidar Inc.  
Segments Covered in the Report
The Europe lidar market has been segmented on the basis of

Products
  • Ground-based LiDAR
  • Aerial LiDAR​​
Components
  • GPS
  • Inertial Measurement Units
  • Laser Scanners​​
End-user Industries​
  • Engineering​
  • Automotive
  • Aerospace
  • Industrial​
  • Defense
Geographies
  • United Kingdom ​
  • Rest of Europe​
  • Netherlands
  • Germany
  • France​
  • Belgium​
  • ​Spain
Key Players
  • Leica Geosystems Ag
  • Riegl Laser Measurement Systems GmbH​
  • Topcon Corporation
  • Velodyne Lidar Inc.
  • Phantom Intelligence Inc.
  • Quanergy Systems Inc.
  • Neptec Technologies Corp.
  • Geoslam; Innoviz Technologies Ltd
  • Sick Ag; TELEDYNE Optech
  • Trimble Inc.​
  • Faro Technologies Inc.
  • Denso Corporation

Some of these players are Leica Geosystems Ag; Riegl Laser Measurement Systems GmbH​; Topcon Corporation; Velodyne Lidar Inc.; Phantom Intelligence Inc.; Quanergy Systems Inc.; Neptec Technologies Corp.; Geoslam; Innoviz Technologies Ltd; Sick Ag; TELEDYNE Optech; Trimble Inc.​; Faro Technologies Inc.; and Denso Corporation. Several market strategies such as acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launch increase their market shares.

For instance, in June 2020 to expand its products in Europe, Quanergy Systems, a provider of LiDAR sensors and smart perception, established a partnership with Milexia, a distributor of RF and microwave components for the electronics sector.

Europe LiDAR Market By Key Players

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