LiDAR Software Market Size, Share & Trends Analysis Report By Application (Forestry & Environmental, Survey & Mapping, Automotive, Construction & Infrastructure), Technology Type (Mechanical And Solid States), Product Type (Simulation, Mapping, And Processing Software), And Deployment (Airborne And Terrestrial), Region And Segment Forecasts, 2023-2031

Report ID : 1804 | Published : 2023-05-12 | Pages: 180 | Format: PDF/EXCEL

The Global LiDAR Software Market Size is valued at 345.04 million in 2022 and is predicted to reach 1845.92 million by the year 2031 at a 20.58% CAGR during the forecast period for 2023-2031.

The light detection and ranging (LiDAR) system is generalized as a remote sensing device that uses light beams to analyze, detect, and map things. The LiDAR device consists of a sender that emits light rays and a receiver that gathers reflected light rays for mapping purposes. Due to its capacity to generate highly accurate data and 3D photos in less time than traditional surveying methods, this technology has gained appeal over conventional surveying methods. The improved automated processing capability of LiDAR scanners and systems in terms of picture resolution and prompt data processing capability over other technologies are the primary factors pushing the growth of the global LiDAR market.

LiDAR Software Market

However, the COVID-19 pandemic has significantly influenced the LiDAR ecosystem's enterprises. Both producers and end users have benefited from LiDAR technology. The epidemic of COVID-19 has had a significant impact on the market for oil and gas exploration applications. LiDAR exploration applications include using LiDAR for oil and gas exploration and mining. The restrictions on public transit reduced gasoline use and had an impact on global oil prices. The decrease in oil and gas output has impacted exploratory applications, reducing the market for LiDAR. 

Recent Developments:

  • In January 2023, PR Boost-Vaisala announced WindCube Lidar upgrades, including new design features, measuring capabilities, and support services for optimal Wind Resource Assessment in adverse weather conditions across a wide range of regions. 

Competitive Landscape:

Some of the LiDAR Software Market Player are:

  • Phoenix LiDAR Systems
  • Terrasolid
  • GreenValley International
  • Geo-Plus
  • GeoCue
  • Routescene
  • YellowScan
  • LeddarTech Inc.
  • Blickfeld GmbH
  • Velodyne LiDAR, Inc.
  • Shanghai Huace Navigation Technology Ltd. (CHC Navigation)
  • Leica Geosystems AG - Part of Hexagon AB
  • Quanergy Systems, Inc.
  • Innoviz Technologies Ltd
  • Teledyne Geospatial
  • Seoul Robotics
  • Neuvition, Inc.
  • MatrixSpace
  • Aeva Inc.
  • Outsight SA

Market Segmentation:

The LiDAR Software Market is segmented on the basis of application, technology type, product type, and deployment. Application segment includes forestry & environmental, survey & mapping, automotive, construction & infrastructure, and others. The technology type segment includes mechanical and solid states. The market is segmented by product type into simulation, mapping, and processing software. The deployment segment includes airborne and terrestrial.

Based On Deployment, The Airborne Segment Is Accounted As A Major Contributor In The LiDAR Software Market

The airborne category is expected to hold a major share of the global LiDAR Software Market in 2022. The segment's growth is likely to continue in the next years, owing to the increased deployment of aerial mapping technologies. The airborne LiDAR system is a precise and comprehensive means of constructing digital elevation models, effectively replacing photogrammetry. This technology covers a larger area than its terrestrial counterparts and provides broad area mapping in shorter time intervals.

The Automotive Segment Witnessed Growth At A Rapid Rate

The personal care segment is projected to grow at a rapid rate in the global LiDAR Software Market. The increased need for LiDAR systems in applications such as ADAS and driverless vehicles drives this segment's growth. Emerging LiDAR technologies widely employed in the automotive sector include driver assistance and low-speed collision avoidance systems. These technologies provide greater monitoring and guidance features to the driver, allowing self-driving cars to succeed even without a human driver.

In The Region, The North America LiDAR Software Market Holds A Significant Revenue Share

The North America LiDAR Software Market is expected to register the highest market share in terms of revenue in the near future. This can be due to the region's increasing acceptance of administrative regulations demanding the installation of specified automotive safety technologies in both lightweight and heavyweight vehicles. Because of the increased acceptance of technology such as ADAS and AEB, North America has seen growth potential in the automobile business. Because of increased local and foreign investment, China and India are projected to remain lucrative markets. To improve client service, the corporations are growing their presence in Europe and Asia Pacific.

Global LiDAR Software Market Report Scope:

Report Attribute

Specifications

Market size value in 2022

USD 345.04 Mn

Revenue forecast in 2031

USD 1845.92 Mn

Growth rate CAGR

CAGR of 20.58 % from 2023 to 2031

Quantitative units

Representation of revenue in US$ Billion, and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year

2023-2031

Report coverage

The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends

Segments covered

Application, Technology Type, Product Type, And Deployment

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia

Competitive Landscape

Phoenix LiDAR Systems, Terrasolid, GreenValley International, Routescene, YellowScan, LeddarTech Inc., Blickfeld GmbH, Teledyne Geospatial, Velodyne LiDAR, Inc., Innoviz Technologies Ltd, Shanghai Huace Navigation Technology Ltd. (CHC Navigation), Geo-Plus, GeoCue, Leica Geosystems AG - Part of Hexagon AB, Quanergy Systems, Inc., Seoul Robotics, Neuvition, Inc., MatrixSpace, Aeva Inc., and Outsight SA.

Customization scope

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Segmentation of LiDAR Software Market-

LiDAR Software Market By Application-

  • Forestry and Environmental
  • Survey and Mapping
  • Automotive
  • Construction and Infrastructure
  • Others

LiDAR Software Market

LiDAR Software Market By Technology Type-

  • Mechanical
  • Solid State

LiDAR Software Market By Product Type-

  • Simulation Software
  • Mapping Software
  • Processing Software

LiDAR Software Market By Deployment-

  • Airborne
  • Terrestrial

LiDAR Software Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

 InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the LiDAR Software Market?

LiDAR Software Market expected to grow at a 20.58% CAGR during the forecast period for 2023-2031

Phoenix LiDAR Systems, Terrasolid, GreenValley International, Routescene, YellowScan, LeddarTech Inc., Blickfeld GmbH, Teledyne Geospatial, Velodyne L

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