3D LiDAR Sensor Market to Surpass USD 2.4 Billion at a CAGR of 14.90% by 2032- Report by Market Research Future (MRFR)


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

New York, USA, July 21, 2023 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “3D LiDAR Sensor Market Research Report: By Type, Application, Connectivity, End User, and Region- Forecast Till 2032, the market is anticipated to acquire a valuation of approximately USD 2.4 billion by the end of 2032. The reports further predict the market to flourish at a robust CAGR of over 14.90% during the assessment timeframe.

Key Players


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.

These 3D LiDAR sensors are increasingly being employed in additional industry verticals, such as the automotive, consumer electronics, and healthcare industries, as a result of the rising use of image sensors in automobiles and their ability to capture a 3D image. The 3D LiDAR Sensor Market is expected to grow as a result of these factors. Another element driving the market’s expansion is the expanding need for 3D LIDAR sensors for agricultural robotics. The increased need for 3D images in sectors including military & defence, topographical surveys, civil engineering, and corridor mapping is expected to drive market growth over the course of the forecast period. Applications for textured 3D imaging include 3D mapping, corridor mapping, and city planning.

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Report Scope:

Report Metric Details
Revenue Forecast in 2032 USD 2.4 Billion
Growth Rate CAGR of 14.90 % from 2023 to 2032
Base Year 2022
Study Period 2023-2032
Key Market Opportunities Increasing application of 3D LiDAR sensor in defense and civil engineering field
Key Market Drivers Ability of these 3D LiDAR sensors to capture a 3D image that has augmented their application in various industry verticals and rising penetration of image sensors in automobiles

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The adoption of contemporary safety elements is rising quickly.

Self-driving cars have also obtained governmental authorization for use on public highways in nations like the U.S. These vehicles have LiDAR built in for GPS and navigational purposes. Environmental and meteorological monitoring both employ 3D LiDAR. For instance, to detect tropospheric pollution, Canadian environmental monitoring stations use 3D LiDAR technology. Monitoring volcanic ash that may obstruct aviation flight requires LiDAR stations. The monitoring system for the oil sands is also mapped using the technology. Due to the numerous uses for 3D LiDAR technology and its rising precision, the market is anticipated to grow fast over the coming years.

Segment Insights

Mechanical and solid-state 3D LiDAR sensor types are included in the market segmentation. In 2022, the mechanical category dominated the world market. This is so because it is practical and can be easily applied to many different industries. Built on a silicon chip, a solid-state LiDAR operates without the use of any moving parts. The numerous LiDAR topologies that can be employed with solid-state technology include flash LiDAR, optical phase arrays, and micro-electro-mechanical systems (MEMS).

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According to application, the 3D LiDAR Sensor Market is divided into navigational aids, advanced driving assistance systems (ADAS), corridor mapping, seismology, security & surveillance, and other categories. In 2022, the 3D LiDAR Sensor Market was dominated by the corridor mapping segment.

Based on connection, the 3D LiDAR Sensor Market is segmented into wired and wireless. In 2022, the wired category led the market for 3D LiDAR sensors. The demand for 3D LiDAR sensors in the automotive industry is driving this trend.

Consumer electronics, aerospace & defence, automotive, transportation, healthcare, and other industries are included in the segmentation of the 3D LiDAR Sensor Market based on end users. In 2022, the automotive sector will rule the world market. Due to the rising need for LiDAR systems in ADAS and autonomous car applications, this market is developing. The most recent LiDAR technologies are frequently used in the automotive industry, and two examples are driver assistance systems and low-speed collision avoidance systems.

These innovations improve the monitoring and guiding capabilities of the driver, allowing self-driving cars to operate effectively even without a human driver.

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The analysis offers market insights for North America, Europe, Asia-Pacific, and the rest of the world, by region. In 2022, the Asia Pacific 3D LiDAR Sensor market held a 45.80% market share. Due to the rising need for LiDAR systems in the manufacturing and IT & telecommunication industries, this field is expanding. To develop and market superior LiDAR products, major competitors in this market are concentrating on forming alliances and mergers with other firms. Due to increased expenditures by the industry, market expansion in nations like India and Korea is predicted to have an astounding CAGR throughout the projection year.

Additionally, the Indian 3D LiDAR Sensor market had the quickest rate of growth in the Asia-Pacific region, while China’s 3D LiDAR Sensor market had the biggest market share.

From 2023 to 2032, the North American 3D LiDAR Sensor Market is anticipated to experience rapid expansion. A increase in new businesses, the usage of fundamental 3D and 4D imaging technologies, and the deployment of solidstate LiDAR systems in a variety of applications are all factors contributing to this expansion. Major players in this industry are making significant investments in a range of initiatives that will significantly expand the market for light detection and ranging.

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