Lidar Software Global Market Report 2024

Light Detection and Ranging (LiDAR) software is a type of software designed to process data captured by LiDAR sensors. LiDAR sensors utilize laser light to measure distances and create detailed three-dimensional representations of the environment. The software is crucial for interpreting and analyzing the vast amount of data generated by LiDAR technology. In the context of fully autonomous vehicles, LiDAR software serves as a longer-range alternative to vision-based systems, aiding in the detection of road markings, traffic signs, pedestrians, and other vehicles, thus contributing to the vehicle's overall perception and navigation capabilities.

LiDAR software is available in various product types, including simulation software, mapping software, and processing software. Simulation software replicates real-world processes or phenomena, modeling their behavior and outcomes. The technology types encompass mechanical and solid-state options. The deployments can be airborne or terrestrial, catering to diverse applications such as forestry and environmental monitoring, surveying and mapping, automotive industry, construction and infrastructure, along with other relevant sectors.

The lidar software market research report is one of a series of new reports that provides lidar software market statistics, including the lidar software industry global market size, regional shares, competitors with a lidar software market share, detailed lidar software market segments, market trends and opportunities, and any further data you may need to thrive in the lidar software industry. This lidar software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The lidar software market size has grown exponentially in recent years. It will grow from $0.33 billion in 2023 to $0.41 billion in 2024 at a compound annual growth rate (CAGR) of 23%. The growth observed in the historic period can be attributed to factors such as the increasing adoption of LiDAR technology in autonomous vehicles, its application in environmental monitoring and research, utilization in urban planning and infrastructure development, deployment in precision agriculture, and the support from government initiatives and funding. These factors collectively contributed to the historical expansion of LiDAR software across various industries and applications.

The lidar software market size is expected to see exponential growth in the next few years. It will grow to $0.87 billion in 2028 at a compound annual growth rate (CAGR) of 20.5%. The anticipated growth in the forecast period can be attributed to factors such as the integration of LiDAR software with artificial intelligence (AI) and machine learning (ML), expanding applications in 5G and telecommunications, the rise of Advanced Driver Assistance Systems (ADAS), the adoption of drone-based LiDAR solutions, and the emergence of smart cities. Major trends expected in the forecast period include increased accessibility through cloud-based solutions, advancements in LiDAR technology, progress in sensor fusion techniques, integration with edge computing, and a focus on regulatory compliance and standardization within the industry.

The anticipated surge in automated vehicles and intelligent transportation systems is projected to drive the expansion of the lidar software market. Automated vehicles, also known as self-driving or autonomous vehicles, are designed to operate autonomously for specific durations without continuous driver oversight. Intelligent transportation involves employing advanced technologies to enhance the safety, efficiency, and sustainability of transportation systems. Lidar sensors, offering high-resolution 3D point cloud data, play a crucial role in enabling automated vehicles to accurately detect and track objects, ensuring precise environmental representation for informed decision-making and occupant safety. In December 2022, the National Association of Insurance Commissioners predicted the presence of 3.5 million self-driving cars on American roads by 2025, with an expected increase to 4.5 million by 2030, emphasizing the driving force behind the lidar software market's growth.

Key players in the lidar software market are actively developing advanced technologies, including cloud software, to enhance customer service with sophisticated features. Cloud software, accessed over the internet rather than being locally installed, is a focus for major companies. For instance, in December 2022, Velodyne Lidar Inc., a prominent lidar technology company, introduced the Vella family of software products. This innovative suite, available through the Vella Portal online platform, accelerates the development of lidar-based vision solutions for autonomous applications. The Vella family includes Vella Go for lidar sensor management, Vella Perception for application development, and Vella Cloud Services for artificial intelligence capabilities.

In January 2023, Luminar Technologies Inc., a US-based technology company, completed the acquisition of Civil Maps for an undisclosed amount. This strategic move positions Luminar to integrate highly detailed and automatically updating 3D maps of diverse cities into its portfolio, aligning with its vision for fully autonomous vehicles. Civil Maps, a lidar software provider, offers a sensor-neutral cognitive platform facilitating localization, edge mapping, and high-definition 3D mapping at the city scale.

Major companies operating in the lidar software market report are Jabil Inc., Aptiv plc, Trimble Inc., Geo-Plus, Leica Geosystems AG, Faro Technologies Inc., ShanghAI Huace Navigation Technology Ltd., Teledyne Optech, Velodyne LiDAR Inc., Luminar Technologies Inc., Blickfeld GmbH, Seoul Robotics, LeddarTech Inc., GreenValley International, Innoviz Technologies Ltd, Cepton Technologies Inc., GeoCue Group Inc.
, Quanergy Systems Inc., YellowScan, Routescene, Terrasolid Ltd., Aeva Inc., MatrixSpace, Neuvition Inc., Outsight SA, Phoenix LiDAR Systems.

North America was the largest region in the lidar software market in 2023. The regions covered in the lidar software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the lidar software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The light detection and ranging (lidar) software market includes revenues earned by entities by providing services such as driver assistance, data import, data processing, and vehicle flow monitoring. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The light detection and ranging (lidar) software market also consists of sales of surround lidar, solid-state lidar, lidar software infrastructure, and lidar sensors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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