LiDAR (Light Detection and Ranging) is an advanced remote sensing technology that uses pulsed laser light to measure distances and create precise 3D representations of environments. The system comprises three core components: laser scanners (emitting light pulses), GPS receivers (determining location coordinates), and IMU units (tracking orientation). These services are categorized by wavelength (905nm, 1550nm being most prevalent), platform (terrestrial, airborne, mobile), and application segments.
The market expansion is driven by accelerated adoption in autonomous vehicles, where penetration reached 45% of new ADAS systems in 2023, and government mandates for 3D geospatial data – 78 national mapping agencies now mandate LiDAR for infrastructure projects. However, high implementation costs (average USD 75,000 per mobile mapping system) remain a barrier. Recent developments include Velodyne’s 2024 partnership with NVIDIA for AI-powered point cloud processing and Hexagon AB’s acquisition of airborne LiDAR specialist YellowScan, reflecting the industry’s consolidation trend.
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1550 nm Segment Leads Due to Higher Performance in Adverse Weather Conditions
The market is segmented based on type into:
Automotive Segment Dominates Owing to Rising Adoption in ADAS and Autonomous Vehicles
The market is segmented based on application into: