LiDAR Sensor Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

Description

The LiDAR Sensor Market size was valued at USD 1.2 billion in 2021. and it is growing at a CAGR of 14.8% from 2022 to 2028. The global market report provides a detailed overview of the market, which can be segmented by type, technology, application, and end-use industry. The LiDAR sensor market has been segmented by Topographic LiDAR, Bathymetric LiDAR, Mobile LiDAR, and Static LiDAR. The Mobile LiDAR segment is likely the most significant and fastest-growing in terms of types. Technology has segmented the LiDAR sensor market into Solid-State LiDAR Sensors and Mechanical LiDAR Sensors. In the forecast period 2022–2028, Solid State LiDAR Sensors are expected to have the highest revenue share. By application, the LiDAR sensor market has been segmented into Vehicle Automation, Digital Elevation Models, Forest Planning and Management, Environmental Assessment, Surveillance Technology, Transport Planning, Infrastructure Building, Cellular Network Planning, Meteorology, and Others. The Vehicle Automation segment is accounted for a significant revenue share in 2021. Based on the end-use industry, the LiDAR Sensor market is segmented into Automotive, Oil & Gas, IT & Communication., Media & Entertainment, Power & Energy, Survey & Analysis, Aerospace & Defense, Travel & Tourism, Agriculture & Forestry, Mining, and Others. The Automotive segment is predicted to register the fastest growth rate during the forecast period, according to precision business insights.

Key Development:

In September 2021, YellowScan, a France-based UAV LiDAR solutions designer, launched YellowScan Explorer. It could be mounted on a light human-crewed aircraft or switched to different types of UAV platforms. It allowed end-users to tackle a wide range of projects.