3D LiDAR Sensor Market Size

Global 3D LiDAR Sensor Market Overview

3D LiDAR Sensor Market Size was valued at USD 0.7 Billion in 2022. The 3D LiDAR Sensor market End User is projected to grow from USD 0.8 Billion in 2023 to USD 2.4 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 14.90% during the forecast period (2023 - 2032). The ability of these 3D LiDAR sensors to take a 3D image has enhanced both their application in a range of industrial sectors and the use of image sensors in automobiles, are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

3D LiDAR Sensor Market Trends

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  Ability of these 3D LiDAR sensors to capture a 3D image that has augmented their application in various industry verticals is driving the market growth

  
  

Due to the increasing use of image sensors in autos and the capacity of these 3D LiDAR sensors to capture a 3D image, they are now being used in more industry verticals, such as the automotive, consumer electronics, and healthcare industries. These elements are anticipated to fuel the 3D LiDAR Sensor Market's expansion. The growing need for 3D LIDAR sensors for agricultural robots is another factor supporting the market's growth. The market is predicted to grow throughout the course of the forecast period as a consequence of the rise in 3D image demand in industries including military & defence, topographical surveys, civil engineering, and corridor mapping. Textured 3D imaging is used in applications including city planning, corridor mapping, and 3D mapping. Installing modern safety features is growing rapidly. Additionally, in countries like the U.S., self-driving cars have acquired regulatory authorisation for use on public highways. LiDAR is integrated into these cars for GPS and navigational functions.

3D LiDAR is used for both environmental and meteorological monitoring. For instance, Canadian environmental monitoring stations use 3D LiDAR technology to track tropospheric pollution. LiDAR stations are needed for monitoring volcanic ash that can interfere with air travel. The technology is also used to map the oil sands monitoring system. The market is expected to expand quickly over the next years as a result of the wide range of applications for 3D LiDAR technology and its increasing precision.

Due to the growing demand for better 3D imaging technology from various surveillance and security applications, the use of 3D LiDAR is expanding. The growing need for aerial LiDAR systems in mapping and cartography to investigate and find a variety of unknown regions and historical facts is another factor driving the 3D LiDAR market. The exceptional accuracy of 3D LiDAR in identifying water runoff for mining or agricultural areas, as well as other climatic changes on slopes and inland waterflow, is one of its important features. Exploration, city planning, corridor planning, 3D mapping, and other uses are all possible for 3D LiDAR. The 3D LiDAR installation base is expanding rapidly in these applications. With this expansion, it is predicted that the market for LiDAR will grow during the forecast period at a remarkable CAGR. Thus, driving the 3D LiDAR Sensor market revenue.

3D LiDAR Sensor Market Segment Insights

3D LiDAR Sensor Type Insights

The 3D LiDAR Sensor Market segmentation, based on type, includes mechanical and solid state. Mechanical segment dominated the global market in 2022. This is because it is commercial and can be applied to numerous sectors with ease. A solid-state LiDAR, which runs without the usage of any moving parts, is built on a silicon chip. Flash LiDAR, optical phase arrays, and micro-electro-mechanical systems (MEMS) are just a few examples of the various LiDAR configurations that can be used with solid-state technology. Although these LiDARs are still in their infancy, the defence and autonomous car industries strongly embrace them. Flash LiDAR is generally employed in industrial robotics applications and autonomous vehicles with ADAS capabilities where high speed and accuracy are required to create infographics.

3D LiDAR Sensor Application Insights

The 3D LiDAR Sensor Market segmentation, based on application, includes navigation devices, advanced driver assistance system [ADAS], corridor mapping, seismology, security & surveillance, and others. Corridor mapping segment dominated the 3D LiDAR Sensor Market in 2022. The increase in demand for LiDAR systems in network and infrastructure management services across a number of sector subdomains, including oil & gas, utilities, roads, railway, and others, is credited with driving the expansion of the corridor mapping market. Over the anticipated timeframe, the ADAS category is expected to grow the fastest. LiDAR-based sensors are increasingly being used in manufacturing and automotive safety applications, which is probably what is behind this growth.

3D LiDAR Sensor Connectivity Insights

The 3D LiDAR Sensor Market segmentation, based on connectivity, includes wired and wireless. Wired segment dominated the 3D LiDAR Sensor Market in 2022. This trend is brought on by the growing need for 3D LiDAR sensors in the automotive sector.

Figure 1: 3D LiDAR Sensor Market, by Connectivity, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

3D LiDAR Sensor End User Insights

The 3D LiDAR Sensor Market segmentation, based on end user, includes consumer electronics, aerospace & defense, automotive, transportation, healthcare, and others. Automotive segment dominated the global market in 2022. This market is expanding as a result of the growing demand for LiDAR systems in ADAS and driverless car applications. Driver assistance systems and low-speed collision avoidance systems are two examples of the latest LiDAR technologies that are widely used in the automotive sector. These technologies enable self-driving cars to function successfully even without a human driver by giving the driver better monitoring and guidance tools.

3D LiDAR Sensor Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia Pacific 3D LiDAR Sensor market dominated this market in 2022 (45.80%). The increase in this field is due to the growing demand for LiDAR systems in the manufacturing and IT & telecommunication industries. Key companies in this sector are focusing on mergers and alliances with other players in order to create and introduce superior LiDAR products. Market expansion in countries like India and Korea is anticipated to have an amazing CAGR throughout the projection period as a result of higher investments made by the government and foreign investors. Moreover, China’s 3D LiDAR Sensor market held the largest market share, and the Indian 3D LiDAR Sensor market was the fastest growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: 3D LIDAR SENSOR MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

The North America 3D LiDAR Sensor Market is expected to register significant growth from 2023 to 2032. This growth is due to a rise in new businesses, the use of core 3D and 4D imaging technologies, and the adoption of solidstate LiDAR systems in a range of applications. Major companies in this field are heavily investing in a variety of projects that will greatly boost the market for light detection and ranging. For instance, "Google Car" is one of the rapidly developing LiDAR-based ventures in the United States. Further, the U.S. 3D LiDAR Sensor market held the largest market share, and the Canada 3D LiDAR Sensor market was the fastest growing market in the North America region.

Europe 3D LiDAR Sensor market accounted for the healthy market share in 2022. This is a result of major firms increasing their operations in developing countries like the UK, Germany, France, and other countries. The market expansion in this domain is the result of the growing demand for mechanical LiDAR in industries like automotive, manufacturing, and industrial uses. The expansion of the area has also been aided by the presence of significant businesses like Hexagon AB, Sick AG, Leosphere, and others. Further, the German 3D LiDAR Sensor market held the largest market share, and the U.K 3D LiDAR Sensor market was the fastest growing market in the European region

3D LiDAR Sensor Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the 3D LiDAR Sensor market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, 3D LiDAR Sensor Industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global 3D LiDAR Sensor Industry to benefit clients and increase the market sector. In recent years, the 3D LiDAR Sensor Industry has offered some of the most significant advantages to medicine. Major players in the 3D LiDAR Sensor market, including Geoslam, Infineon Technologies AG, Vaisala, Mitsubishi Electric Corporation, Leica Geosystems AG, Velodyne Lidar, Inc., Faro Technologies Inc., Sick AG, Raymetrics, and Leddartech, Inc., are attempting to increase market demand by investing in research and development operations.

Faro Technologies Inc. is in the business of designing, developing, and manufacturing three-dimensional (3D) measuring and imaging technologies. Track arms, measurement arms, 3D laser scanners, and 3D imagers are further products offered by the company. Its products are used in public safety analytics, product design, engineering, architecture, and construction, as well as quality assurance and control, historical preservation, design layout, and projection. In February 2018, FARO Technologies Inc. created the Faro Zone 3D platform to assist investigators and security professionals in enhancing the calibre of construction sites and evidence captured, documented, reconstructed, and field analysed.

LeddarTech develops cutting-edge driver assistance and autonomous driving software to revolutionise object detection and ranging in transportation. The company sells automotive-grade software that builds accurate 3D models of the environment using AI and computer vision techniques. This enables users to navigate safely and form better decisions. The company offers users scalable and cost-effective software technologies for their autonomous vehicles. In September 2017, LedderTech obtained a round of USD 130 million in funding from illustrious companies like Delphi, Osram, Integrated Device Technology, and Magneti Marelli. The company used this cash to expand its LiDAR development initiatives and accelerate its ASIC development activities.

Key Companies in the 3D LiDAR Sensor market include

• Geoslam


• Infineon Technologies AG


• Vaisala


• Mitsubishi Electric Corporation


• Leica Geosystems AG


• Velodyne Lidar, Inc.


• Faro Technologies Inc.


• Sick AG


• Raymetrics


• Leddartech, Inc.

3D LiDAR Sensor Industry Developments

August 2019 Ouster LiDAR has expanded across Asia Pacific and Europe, opening additional operations in Shanghai, Paris, and Hong Kong. In November 2021, Outer LiDAR and Kudan Inc. collaborated to expand their presence in Japan.

3D LiDAR Sensor Market Segmentation

3D LiDAR Sensor Type Outlook

• Mechanical


• Solid State

3D LiDAR Sensor Application Outlook

• Navigation Devices


• Advanced Driver Assistance System [ADAS]


• Corridor Mapping


• Seismology


• Security & Surveillance


• Others

3D LiDAR Sensor Connectivity Outlook

• Wired


• Wireless

3D LiDAR Sensor End User Outlook

• Consumer Electronics


• Aerospace & Defense


• Automotive


• Transportation


• Healthcare


• Others

3D LiDAR Sensor Regional Outlook

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  North America

  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


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  Europe

  
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


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  Asia-Pacific

  
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


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  Rest of the World

  
  
  
  
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    Middle East

    
    
  
  
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    Africa

    
    
  
  
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    Latin America