North America LiDAR Market Size, Trends & Growth | 2031

Segments - North America LiDAR Market by Products (Aerial LiDAR and Ground-based LiDAR), Components (GPS, Laser Scanners, Inertial Measurement Units, and Other Components), End-users (Engineering, Automotive, Industrial, and Aerospace) and Geography (The US, Canada, and Mexico) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Akash Vedpathak

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

Report Description

The North America LiDAR market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 26% during 2023–2031.The growth of the market is attributed to increasing demand for 3D imaging in corridor mapping, city planning, topographical surveys, military and defense.

LiDAR is a remote sensing technique used to determine the accurate distance of an object between the two objects. Major components of LiDAR are GPS receiver, laser, and scanner. Airborne LiDAR and terrestrial LiDAR are two types of LiDAR, based on functionality. It uses oceanography and digital elevation or terrain model to collect the data. Private and government organizations use LiDAR-based helicopters, airplanes, and drones to collect crucial information. The COVID-19 outbreak has completely disrupted the market due to barriers faced on the export of prime parts.

Market Trends, Drivers, Restraints, and Opportunities

Rising utilization of LiDAR technology in automotive applications is expected to drive the market growth.
Increasing trend of self-driving cars is speculated to fuel the market growth during the forecast period.
Growing implementation of LiDAR in the construction sectors is expected to fuel the growth of the market.
Cost-effectiveness is the key driver of the market growth.
Ongoing technological advancements and rising R&D investments are anticipated to proliferate the growth of the North America LiDAR market in the projected timeline.
Lack of awareness about the LiDAR system can hamper the market growth.
The in-accuracy in providing data in harsh weather condition can restrain the growth of the market.
High cost of LiDAR can negatively impact the growth of the market.
The advent of latest technologies and integration of the same with LiDAR sensors can create growth opportunities for the market.

Scope of the Report

The report on the North America 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	North America LiDAR Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Products (Aerial LiDAR, Ground-based LiDAR), Components (GBS, Laser Scanners, Inertial Measurement Units, and Other Components), End-users (Engineering, Automotive, Industrial, and Aerospace)
Geographical Scope	The US, Canada, and Mexico
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Sick Ag; Trimble inc; Quanergy Systems; Velodyne LiDAR Inc; and Topcon Corporation

North America LiDAR Market Segment Insights

Aerial LiDAR segment is expected to grow at a rapid pace

Based on products, the market is divided into aerial LiDAR and ground-based LiDAR. The aerial LiDAR segment is expected to grow at a rapid pace during the forecast period due to capability of the product to accurately measure and collect the surface information along with the ability to capture the position of the object. However, the ground-based LiDAR segment is anticipated to hold a key share of the market in the coming years due to rising traffic on roads. Moreover, rising use of ground-based LiDAR in self-driving technologies is propelling the market segment growth.

GPS segment is projected to expand at a considerable CAGR

On the basis of components, the market is segregated into GPS, laser scanners, inertial measurement units, and other components. The GPS segment is projected to expand at a considerable CAGR during the forecast period. Rising usage of GPS in aerospace and military is driving the market segment. On the other hand, the laser scanners segment is anticipated to account for a major market share during the forecast period owing to increasing penetration of 3D imaging systems.

The US is anticipated to constitute a key market share

In terms of geography, the market is classified as the US, Canada, and Mexico. The US is expected to constitute a key share of the market during the projected period due to wide usage of LiDAR technology in military applications. However, the market in Canada is anticipated to expand at a rapid pace during the forecast period.

Segments

The North America LiDAR market has been segmented on the basis of

Products

Aerial LiDAR
Ground-based LiDAR

Components

GPS
Laser Scanner
Inertial Measurement Units
Other Components

Geography

The US
Canada
Mexico

Key Players

Sick Ag
Trimble inc
Quanergy Systems
Velodyne LiDAR Inc
Topcon Corporation

Competitive Landscape

Key players competing in the North America LiDAR market are Sick Ag; Trimble Inc.; Quanergy Systems; Velodyne LiDAR Inc.; and Topcon Corporation.
Companies are engaging mergers, acquisitions, and partnerships to expand their market share. Moreover, they’re investing in R&D activities to leverage their market position.

North America LiDAR Market Keyplayers

Table Of Content

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 (000â€™ Units) and Y-o-Y Growth
     4.5.3. LiDAR Market Absolute $ Opportunity
5. Global LiDAR Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. LiDAR Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global LiDAR Demand Share Forecast, 2019-2026
6. North America LiDAR Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America LiDAR Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America LiDAR Demand Share Forecast, 2019-2026
7. Latin 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
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America LiDAR Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America LiDAR Demand Share Forecast, 2019-2026
8. Europe 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. Europe Average Pricing Analysis
  8.2. Europe LiDAR Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe LiDAR Demand Share Forecast, 2019-2026
9. Asia Pacific 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. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific LiDAR Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific LiDAR Demand Share Forecast, 2019-2026
10. Middle East & Africa 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. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa LiDAR Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa LiDAR Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global LiDAR Market: Market Share Analysis
  11.2. LiDAR Distributors and Customers
  11.3. LiDAR Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Sick Ag
     11.4.2. Trimble inc
     11.4.3. Quanergy Systems
     11.4.4. Velodyne LiDAR Inc
     11.4.5. Topcon Corporation
     11.4.6.