Global Roadside LiDAR System Market was valued at USD 0.2 Billion in 2022 and is projected to reach USD 0.6 Billion by 2030, growing at a CAGR of 14.8% from 2024 to 2030.
The Roadside LiDAR System market has been witnessing significant growth in recent years, driven by the increasing demand for high-precision, real-time data collection for infrastructure monitoring, traffic management, and autonomous vehicle systems. LiDAR (Light Detection and Ranging) technology is widely used for mapping and surveying the landscape, providing detailed 3D models of the environment, which is crucial for applications such as road construction, city planning, and environmental monitoring.
One of the major factors contributing to the market's expansion is the rise of autonomous vehicles. As self-driving cars require highly accurate maps of their surroundings, roadside LiDAR systems are becoming essential tools for both navigation and safety. These systems can monitor traffic flow, detect road obstacles, and map out changes in terrain, all of which are crucial for safe and efficient autonomous vehicle operations. With advancements in LiDAR technology, these systems have become more affordable and efficient, opening up the market to a wider range of applications beyond autonomous vehicles.
In addition to the automotive sector, roadside LiDAR systems are being utilized in infrastructure development and urban planning. Governments and city planners are increasingly relying on LiDAR data to assess road conditions, optimize traffic signals, and plan new infrastructure projects. This technology allows for a more accurate and efficient way to collect data compared to traditional surveying methods, resulting in faster decision-making and improved urban development.
Another area where roadside LiDAR systems are gaining traction is in environmental monitoring. The ability to track changes in the landscape over time can help in detecting erosion, vegetation growth, and other environmental factors. With climate change becoming an increasingly urgent issue, these systems play a pivotal role in helping researchers and policymakers make data-driven decisions.
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RIEGL
Velodyne
SICK
Topcon Positioning Systems
Trimble
LiangDao Intelligence
Innoviz Technologies
VanJee Technology
Neuvition
RoboSense
Changsha Intelligent Driving Institute Ltd.
LeiShen Intelligent System Co.
Ltd.
LeddarTech Inc.
Quanergy Systems
XenomatiX
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Roadside LiDAR System Market
Port
Airport
Urban Roads
Highway
Other
Based on Types the Market is categorized into Below types that held the largest Roadside LiDAR System market share In 2023.
Pure Solid State LiDAR
Mechanical LiDAR
Semi-Solid LiDAR
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Roadside LiDAR System Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Roadside LiDAR System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Roadside LiDAR System Market, By Type
6. Global Roadside LiDAR System Market, By Application
7. Global Roadside LiDAR System Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Roadside LiDAR System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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