LiDAR Services Market

LiDAR Services Market by Applications (Environment, Exploration, ADAS, Corridor Mapping, Engineering, and Others), Types (Modeling [City Modelling and Others], Aerial Surveying, Ground-based Surveying, Mapping, GIS Service, and Asset Management), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-3548
  • Author: Growth Market Reports
  • Rating: 4.5
  • Total Reviews: 3
  • No. Of Pages: 205
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The global LiDAR services market size was valued at USD 985.1 million in 2020 and expanded at a CAGR of 14.2% during the forecast period, 2021–2028. The growth of the market is attributed to the current mapping and remote sensing technologies. LiDAR technology has established itself as a leading remote sensing tool for the mapping community and field surveyors all over the world.

LiDAR Services Market

The LiDAR method makes use of light energy generated by a laser, which is utilized to scan the ground and measure changing distances. This is used to assemble ground information and bare-earth features in difficult, isolated, and wooded locations. Transportation authorities in the United States and Germany are using LiDAR technology for transit-related applications such as public transportation including self-driving taxis and autonomous truck fleets. Moreover, 3D imaging technologies including textured 3D imaging, which are utilized in areas for example 3D mapping and city planning, complement LiDAR services.

The COVID-19 pandemic had forced governments to impose lockdown across the globe; as a result, the public transportation had been limited regulated and the fuel usage were dramatically lowered globally. LiDAR technology is also widely used in various exploratory applications including oil and gas exploration and mining. Therefore, the pandemic has a significant impact on the LiDAR market due to restriction of exploration.

Market Trends, Drivers, Restraints, and Opportunities

  • Growing technical advancements in user interface and diagnostic tools for identifying LiDAR sensor malfunctions are projected to drive market growth.
  • Increasing demand for 3D imaging technology for various applications across several industries is expected to boost the market expansion.
  • High cost of the equipment used in services acts as a key restraining factor that can restrict the market growth.
  • Growing customers’ knowledge of identity protection and the associated hazards of services are anticipated to have negative impact on the market growth.
  • Rapid improvements in UAV LiDAR technology and services that ensure advanced manufacturing processes are projected to create immense lucrative opportunities in the coming years.

Scope of the Report

The report on the global LiDAR services 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 Services Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Applications (Environment, Exploration, ADAS, Corridor Mapping, Engineering, and Others) and Types (Modeling [City Modelling and Others], Aerial Surveying, Ground-based Surveying, Mapping, GIS Service, and Asset Management)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

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

Key Players Covered in the Report

Harris Geospatial Solutions, Inc.; Hexagon; Kucera International; Quanergy Systems, Inc.; Quantum Spatial; Surdex Corporation; Trimble, Inc.; Terra Remote Sensing. Fugro; and GeoDigital

Market Segment Insights

Corridor mapping segment is expected to grow at a rapid pace

Based on applications, the LiDAR services market is divided into environment, exploration, ADAS, corridor mapping, engineering, and others. The corridor segment is expected to grow at a rapid pace during the forecast period owing to wide use of the technology for various applications associated with the corridor construction and management. However, the ADAS segment is anticipated to hold a key share of the market in the coming years. The growth of the ADAS segment is attributed to raising awareness of the benefits and usage of LiDAR systems in self-driving vehicles, unmanned/manned aerial vehicles, building modeling, and 3D images.

LiDAR Services Market

Modeling segment is projected to expand at a considerable CAGR

On the basis of service types, the market is segregated into modeling, aerial surveying, ground-based surveying, mapping, GIS service, and asset management. The modeling segment is further bifurcated into city modeling and others. The modeling segment is projected to expand at a considerable CAGR during the forecast period. The service has made it possible for users to create aerial imaging data, which was previously difficult and expensive to get operational. Moreover, the GIS service and asset management segment are anticipated to account for a major market share during the forecast period owing to its uses in automated GPS to make multiple passes to collect data across a low-altitude area.

North America is anticipated to constitute a key market share

In terms of regions, the LiDAR services market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period due to growing demand of the technology for various mining purposes. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period owing to the governments and other non-profit organizations’ increased expenditures in LiDAR systems and their quick use in different applications.

LiDAR Services Market

Segments

Segments Covered in the Report

The global LiDAR services market has been segmented on the basis of

Applications

  • Environment
  • Exploration
  • ADAS
  • Corridor Mapping
  • Engineering
  • Others

Types

  • Modeling
    • City Modelling
    • Others
  • Aerial Surveying
  • Ground-based Surveying
  • Mapping
  • GIS Service
  • Asset Management

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Harris Geospatial Solutions, Inc.
  • Hexagon, Kucera International
  • Quanergy Systems, Inc.
  • Quantum Spatial
  • Surdex Corporation
  • Trimble, Inc.
  • Terra Remote Sensing. Fugro
  •  GeoDigital

Competitive Landscape

Key players competing in the global LiDAR services market are Harris Geospatial Solutions, Inc.; Hexagon; Kucera International; Quanergy Systems, Inc.; Quantum Spatial; Surdex Corporation; Trimble, Inc.; Terra Remote Sensing. Fugro; and GeoDigital.

To broaden the breadth of vertical integration in the business, some significant firms have collaborated with or purchased LiDAR service providers. Trimble Inc., for example, purchased Network Mapping Inc., a LiDAR services provider, in May 2017. This purchase aided the previous firm in expanding its energy solutions offering, allowing it to provide 3D visualization services and high-value data modeling to the utility industry.

LiDAR Services Market

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. LiDAR Services 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 Services Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. LiDAR Services Market - Supply Chain
  4.5. Global LiDAR Services Market Forecast
     4.5.1. LiDAR Services Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. LiDAR Services Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. LiDAR Services Market Absolute $ Opportunity
5. Global LiDAR Services 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 Services 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 Services Demand Share Forecast, 2019-2026
6. North America LiDAR Services 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 Services 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 Services Demand Share Forecast, 2019-2026
7. Latin America LiDAR Services 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 Services 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 Services Demand Share Forecast, 2019-2026
8. Europe LiDAR Services 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 Services 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 Services Demand Share Forecast, 2019-2026
9. Asia Pacific LiDAR Services 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 Services 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 Services Demand Share Forecast, 2019-2026
10. Middle East & Africa LiDAR Services 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 Services 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 Services Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global LiDAR Services Market: Market Share Analysis
  11.2. LiDAR Services Distributors and Customers
  11.3. LiDAR Services Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Segments Covered in the Report

The global LiDAR services market has been segmented on the basis of

Applications

  • Environment
  • Exploration
  • ADAS
  • Corridor Mapping
  • Engineering
  • Others

Types

  • Modeling
    • City Modelling
    • Others
  • Aerial Surveying
  • Ground-based Surveying
  • Mapping
  • GIS Service
  • Asset Management

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Harris Geospatial Solutions, Inc.
  • Hexagon, Kucera International
  • Quanergy Systems, Inc.
  • Quantum Spatial
  • Surdex Corporation
  • Trimble, Inc.
  • Terra Remote Sensing. Fugro
  •  GeoDigital

Key players competing in the global LiDAR services market are Harris Geospatial Solutions, Inc.; Hexagon; Kucera International; Quanergy Systems, Inc.; Quantum Spatial; Surdex Corporation; Trimble, Inc.; Terra Remote Sensing. Fugro; and GeoDigital.

To broaden the breadth of vertical integration in the business, some significant firms have collaborated with or purchased LiDAR service providers. Trimble Inc., for example, purchased Network Mapping Inc., a LiDAR services provider, in May 2017. This purchase aided the previous firm in expanding its energy solutions offering, allowing it to provide 3D visualization services and high-value data modeling to the utility industry.

LiDAR Services Market

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