Growth Opportunities in the LiDAR Industry in Commercial and Industrial Applications

Growth Opportunities in the LiDAR Industry in Commercial and Industrial Applications

Disruptive technologies are driving miniaturization and efficiency trends

RELEASE DATE
11-Jun-2024
REGION
Global
Deliverable Type
Technology Research
Research Code: DADF-01-00-00-00
SKU: ES_2024_796
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Description

LiDAR technology has dramatically transformed in the last decade, creating significant demand for small, affordable, reliable, and sustainable LiDAR sensors. The need for efficiency, accuracy, depth mapping, low-light imaging, and videography in automotive, industrial, infrastructure, and consumer electronics products has driven LiDAR adoption across sectors. The integration of LiDAR in smartphones, along with advancements in miniaturization, improved efficiency, and reduced prices, further contribute to the increased adoption.

This research study provides an overview of the LiDAR industry across commercial and industrial applications. It examines global and regional trends influencing the market, analyzes technological advancements, and provides a technology roadmap focusing both on current solutions and anticipated developments. The study also outlines new and emerging use cases and application areas and examines the key players in the industry. The study analyzes the factors driving and restraining the growth of the LiDAR industry and identifies the opportunities emerging from the changes in this space for market players and stakeholders to leverage.

Table of Contents

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the LiDAR Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Research Methodology

Technology Attractiveness Dashboard

Technology Attractiveness Dashboard (continued)

Technology Attractiveness Dashboard (continued)

Technology Attractiveness Dashboard (continued)

Scope of Analysis

Segmentation

Growth Drivers

Growth Restraints

LiDAR Technology Landscape

Emerging LiDAR Technologies

Emerging LiDAR Technologies (continued)

Key LiDAR R&D Areas

Key Market Trends

Highlights of Key Applications

LiDAR Use Case Highlights: Automotive and Industrial Robotics

Statistical Vectors Indicating LiDAR Adoption in Industry Verticals

Assessment of LiDAR Technology in the Automotive Sector

Assessment of LiDAR Technology in Smart Infrastructure

Smart LiDAR for Smart Cities

LiDAR Adoption in Industrial Robotics

Topography and Transportation Remain Dominant in LiDAR Deployment

Geopolitical Scenario

Geopolitical Scenario (continued)

Geopolitical Scenario (continued)

Strategic Partnerships

Strategic Partnerships (continued)

M&As

New Product Development Activities of Key Players

FARO Technologies

Trimble, Inc.

Valeo

Aeva, Inc.

SICK AG

LiDAR Roadmap

Analyst Viewpoint

Growth Opportunity 1: Widespread and Revolutionary Adoption in the Automotive Industry

Growth Opportunity 1: Widespread and Revolutionary Adoption in the Automotive Industry (continued)

Growth Opportunity 2: Vital Component of Robotics

Growth Opportunity 2: Vital Component of Robotics (continued)

Growth Opportunity 3: High Accuracy and Increased Productivity with AI/ML

Growth Opportunity 3: High Accuracy and Increased Productivity with AI/ML (continued)

Best Practices Recognition

Frost Radar

Benefits and Impacts of Growth Opportunities

Next Steps

Take the Next Step

Legal Disclaimer

LiDAR technology has dramatically transformed in the last decade, creating significant demand for small, affordable, reliable, and sustainable LiDAR sensors. The need for efficiency, accuracy, depth mapping, low-light imaging, and videography in automotive, industrial, infrastructure, and consumer electronics products has driven LiDAR adoption across sectors. The integration of LiDAR in smartphones, along with advancements in miniaturization, improved efficiency, and reduced prices, further contribute to the increased adoption. This research study provides an overview of the LiDAR industry across commercial and industrial applications. It examines global and regional trends influencing the market, analyzes technological advancements, and provides a technology roadmap focusing both on current solutions and anticipated developments. The study also outlines new and emerging use cases and application areas and examines the key players in the industry. The study analyzes the factors driving and restraining the growth of the LiDAR industry and identifies the opportunities emerging from the changes in this space for market players and stakeholders to leverage.
More Information
Deliverable Type Technology Research
Author Himanshu Kashinath Mhatre
Industries Electronics and Sensors
No Index No
Is Prebook No
Podcast No
Predecessor DA53-01-00-00-00
WIP Number DADF-01-00-00-00