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Lidar Market - A Global and Regional Analysis

Focus on Lidar Applications, Product Types, Market Competition, Emerging Opportunities, and Country Assessment - Analysis and Forecast, 2020-2025

Some Faq's

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Answer - The global lidar market is projected to reach $2,181.6 million by the end of 2025, from a market value of $1,103.0 million in 2019. 

Answer - Several factors, such as the increasing adoption of lidars in automotive and construction applications, and superior performance of lidar over other sensors, favor the growth of this emerging technology market.

Answer - The huge potential growth for semiconductor companies in the lidar market, growing market share for solid-state lidar, and utilization of lidar solutions combined with analytics to ensure social distancing offer significant opportunities to companies in this sector. 

Answer - Some of the prominent companies include Phantom Intelligence Inc., Velodyne Lidar Inc., Hexagon AB, Benewake Co. Ltd., and Analog Photonics. Out of all, product launches have been the most preferred strategy utilized by the leading players to gain market share. 

Answer - The engineering and planning segment gained the major market share in 2019, in terms of value, and is projected to retain its dominance during the period 2020-2025. Other sectors, such as automotive, agriculture, transportation, and mining, also have varied applications of lidar.

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