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LiDAR in Mapping Market Size

Report ID: GMI4461
Published Date: Nov 2022
Report Format: PDF

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LiDAR in Mapping Market Size

LiDAR in Mapping Market size exceeded USD 1.5 billion in 2022 and is projected to expand at over 25% CAGR from 2023 to 2032.

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Rising frequency of environmental disasters will positively influence the LiDAR in mapping industry. Several governments are deploying aerial LiDAR systems to survey disaster-prone regions, acquire relevant data and prepare strategies accordingly. Significant efforts and investments in disaster preparedness to reduce economic and social disruptions are expected to showcase lucrative opportunities for industry players.

LiDAR in Mapping Market Report Attributes
Report Attribute	Details
Base Year:	2022
LiDAR in Mapping Market Size in 2022:	USD 1.5 billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	25%
2032 Value Projection:	USD 15 billion
Historical Data for:	2018 to 2022
No. of Pages:	300
Tables, Charts & Figures:	368
Segments covered:	Platform, Component, Application
Growth Drivers:	Increase in the demand for surveying and excavation activities Rising need to prevent disaster & assess post-disaster loss Supportive Public-Private Partnerships Growing popularity of LiDAR mapping service providers
Pitfalls & Challenges:	Huge resource requirement and performance limitation Requirement of a longer time period for large regions

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Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size of LiDAR in mapping exceeded USD 1.5 billion in 2022 and is anticipated to record over 25% CAGR from 2023 to 2032, driven by the robust presence of favorable government initiatives

The drone segment is likely to exhibit around 30% growth rate through 2032 due to rapid deployment across complex terrains & disaster-prone areas.

The Europe LiDAR in mapping market is estimated to hold more than 20% of the market share by 2032 driven by a surging number of climatic hazards and increasing use of 3D technology in climate assessment.

Fugro N.V., Hesai Technology, LeddarTech, Inc., Ouster, Inc., Phantom Intelligence, Phoenix LiDAR Systems, Tetravue, Inc., Trimble Inc. are some of the major players in the market.