The Latin America, Middle East and Africa LiDAR Market would witness market growth of 22.3% CAGR during the forecast period (2022-2028).
Future process automation and highly automated, completely automated, and autonomous driving will rely heavily on LiDAR sensors. They assess the environment, aid in direction, detect obstructions, and measure distances with radar sensors and cameras to increase efficiency and safety on congested highways and in automated industrial settings.
The automated guided vehicles (AGV) industry has been expanding due to rising laser-guided AGV manufacturing and falling labor costs. AGV is a workable material handling system that considerably reduces transportation damage and provides accessibility in logistics facilities and high-volume storage. AGVs utilize cutting-edge technologies like laser and telematics services and infrared, magnetic, and optical navigation. Since it improves the precision of tracking position, wireless communication is also getting a lot of traction. As a result, it has emerged as a crucial trend in the AGV industry.
Additionally, the implementation of Industry 4.0 technology has improved warehouse system coordination, assisted active communication between various warehouse activities, and helped warehouse operators perform time-sensitive and high-velocity tasks at a lower cost. This, in turn, is accelerating the AGV industry's expansion, and hence benefits the LiDAR market.
The necessity of infrastructure for growth in the economy is stressed by the Argentinean government as well. The government is planning to invest in the construction of new homes, roads, regional airport upgrades, and the restoration of the Belgrano cargo train line, which connects to Chilean ports on the Pacific. Developing a metro line that connects all forms of public transit in Buenos Aires is another way the administration intends to enhance transportation. This further propels the need for immediate construction of infrastructure. Therefore, the regional LiDAR market's growth is driven by all these factors.
The Brazil market dominated the LAMEA LiDAR Market by Country in 2021; thereby, achieving a market value of $57.1 million by 2028. The Argentina market is showcasing a CAGR of 22.9% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 22% during (2022 - 2028).
Based on Type, the market is segmented into Mechanical and Solid-state. Based on Range, the market is segmented into Short Range, Medium Range and Long Range. Based on Service, the market is segmented into Ground-based surveying, GIS Service, Asset Management, Aerial Surveying and Others. Based on Component, the market is segmented into Laser Scanner, Navigation & Positioning System and Others. Based on Installation Type, the market is segmented into Ground-based and Airborne. Based on Application, the market is segmented into Environment, Exploration, Meteorology, Corridor Mapping, Engineering, Urban Planning, ADAS & Driverless Cars and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sick AG, FARO Technologies, Inc., Teledyne Optech, Inc., Trimble, Inc., Hexagon AB (Leica Geosystems AG), NV5 Global, Inc., YellowScans, SureStar, GeoDigital and RIEGL Laser Measurement Systems GmbH.
Future process automation and highly automated, completely automated, and autonomous driving will rely heavily on LiDAR sensors. They assess the environment, aid in direction, detect obstructions, and measure distances with radar sensors and cameras to increase efficiency and safety on congested highways and in automated industrial settings.
The automated guided vehicles (AGV) industry has been expanding due to rising laser-guided AGV manufacturing and falling labor costs. AGV is a workable material handling system that considerably reduces transportation damage and provides accessibility in logistics facilities and high-volume storage. AGVs utilize cutting-edge technologies like laser and telematics services and infrared, magnetic, and optical navigation. Since it improves the precision of tracking position, wireless communication is also getting a lot of traction. As a result, it has emerged as a crucial trend in the AGV industry.
Additionally, the implementation of Industry 4.0 technology has improved warehouse system coordination, assisted active communication between various warehouse activities, and helped warehouse operators perform time-sensitive and high-velocity tasks at a lower cost. This, in turn, is accelerating the AGV industry's expansion, and hence benefits the LiDAR market.
The necessity of infrastructure for growth in the economy is stressed by the Argentinean government as well. The government is planning to invest in the construction of new homes, roads, regional airport upgrades, and the restoration of the Belgrano cargo train line, which connects to Chilean ports on the Pacific. Developing a metro line that connects all forms of public transit in Buenos Aires is another way the administration intends to enhance transportation. This further propels the need for immediate construction of infrastructure. Therefore, the regional LiDAR market's growth is driven by all these factors.
The Brazil market dominated the LAMEA LiDAR Market by Country in 2021; thereby, achieving a market value of $57.1 million by 2028. The Argentina market is showcasing a CAGR of 22.9% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 22% during (2022 - 2028).
Based on Type, the market is segmented into Mechanical and Solid-state. Based on Range, the market is segmented into Short Range, Medium Range and Long Range. Based on Service, the market is segmented into Ground-based surveying, GIS Service, Asset Management, Aerial Surveying and Others. Based on Component, the market is segmented into Laser Scanner, Navigation & Positioning System and Others. Based on Installation Type, the market is segmented into Ground-based and Airborne. Based on Application, the market is segmented into Environment, Exploration, Meteorology, Corridor Mapping, Engineering, Urban Planning, ADAS & Driverless Cars and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sick AG, FARO Technologies, Inc., Teledyne Optech, Inc., Trimble, Inc., Hexagon AB (Leica Geosystems AG), NV5 Global, Inc., YellowScans, SureStar, GeoDigital and RIEGL Laser Measurement Systems GmbH.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Mechanical
- Solid-state
By Range
- Short Range
- Medium Range
- Long Range
By Service
- Ground-based surveying
- GIS Service
- Asset Management
- Aerial Surveying
- Others
By Component
- Laser Scanner
- Navigation & Positioning System
- Others
By Installation Type
- Ground-based
- Airborne
By Application
- Environment
- Exploration
- Meteorology
- Corridor Mapping
- Engineering
- Urban Planning
- ADAS & Driverless Cars
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Sick AG
- FARO Technologies, Inc
- Teledyne Optech, Inc
- Trimble, Inc
- Hexagon AB (Leica Geosystems AG)
- NV5 Global, Inc
- YellowScans
- SureStar
- GeoDigital
- RIEGL Laser Measurement Systems GmbH
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA LiDAR Market, by Type
1.4.2 LAMEA LiDAR Market, by Range
1.4.3 LAMEA LiDAR Market, by Service
1.4.4 LAMEA LiDAR Market, by Component
1.4.5 LAMEA LiDAR Market, by Installation Type
1.4.6 LAMEA LiDAR Market, by Application
1.4.7 LAMEA LiDAR Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
Chapter 4. LAMEA LiDAR Market by Type
4.1 LAMEA Mechanical Market by Country
4.2 LAMEA Solid-state Market by Country
Chapter 5. LAMEA LiDAR Market by Range
5.1 LAMEA Short Range Market by Country
5.2 LAMEA Medium Range Market by Country
5.3 LAMEA Long Range Market by Country
Chapter 6. LAMEA LiDAR Market by Service
6.1 LAMEA Ground-based surveying Market by Country
6.2 LAMEA GIS Service Market by Country
6.3 LAMEA Asset Management Market by Country
6.4 LAMEA Aerial Surveying Market by Country
6.5 LAMEA Others Market by Country
Chapter 7. LAMEA LiDAR Market by Component
7.1 LAMEA Laser Scanner Market by Country
7.2 LAMEA Navigation & Positioning System Market by Country
7.3 LAMEA Others Market by Country
Chapter 8. LAMEA LiDAR Market by Installation Type
8.1 LAMEA Ground-based Market by Country
8.2 LAMEA Airborne Market by Country
Chapter 9. LAMEA LiDAR Market by Application
9.1 LAMEA Environment Market by Country
9.2 LAMEA Exploration Market by Country
9.3 LAMEA Meteorology Market by Country
9.4 LAMEA Corridor Mapping Market by Country
9.5 LAMEA Engineering Market by Country
9.6 LAMEA Urban Planning Market by Country
9.7 LAMEA ADAS & Driverless Cars Market by Country
9.8 LAMEA Others Market by Country
Chapter 10. LAMEA LiDAR Market by Country
10.1 Brazil LiDAR Market
10.1.1 Brazil LiDAR Market by Type
10.1.2 Brazil LiDAR Market by Range
10.1.3 Brazil LiDAR Market by Service
10.1.4 Brazil LiDAR Market by Component
10.1.5 Brazil LiDAR Market by Installation Type
10.1.6 Brazil LiDAR Market by Application
10.2 Argentina LiDAR Market
10.2.1 Argentina LiDAR Market by Type
10.2.2 Argentina LiDAR Market by Range
10.2.3 Argentina LiDAR Market by Service
10.2.4 Argentina LiDAR Market by Component
10.2.5 Argentina LiDAR Market by Installation Type
10.2.6 Argentina LiDAR Market by Application
10.3 UAE LiDAR Market
10.3.1 UAE LiDAR Market by Type
10.3.2 UAE LiDAR Market by Range
10.3.3 UAE LiDAR Market by Service
10.3.4 UAE LiDAR Market by Component
10.3.5 UAE LiDAR Market by Installation Type
10.3.6 UAE LiDAR Market by Application
10.4 Saudi Arabia LiDAR Market
10.4.1 Saudi Arabia LiDAR Market by Type
10.4.2 Saudi Arabia LiDAR Market by Range
10.4.3 Saudi Arabia LiDAR Market by Service
10.4.4 Saudi Arabia LiDAR Market by Component
10.4.5 Saudi Arabia LiDAR Market by Installation Type
10.4.6 Saudi Arabia LiDAR Market by Application
10.5 South Africa LiDAR Market
10.5.1 South Africa LiDAR Market by Type
10.5.2 South Africa LiDAR Market by Range
10.5.3 South Africa LiDAR Market by Service
10.5.4 South Africa LiDAR Market by Component
10.5.5 South Africa LiDAR Market by Installation Type
10.5.6 South Africa LiDAR Market by Application
10.6 Nigeria LiDAR Market
10.6.1 Nigeria LiDAR Market by Type
10.6.2 Nigeria LiDAR Market by Range
10.6.3 Nigeria LiDAR Market by Service
10.6.4 Nigeria LiDAR Market by Component
10.6.5 Nigeria LiDAR Market by Installation Type
10.6.6 Nigeria LiDAR Market by Application
10.7 Rest of LAMEA LiDAR Market
10.7.1 Rest of LAMEA LiDAR Market by Type
10.7.2 Rest of LAMEA LiDAR Market by Range
10.7.3 Rest of LAMEA LiDAR Market by Service
10.7.4 Rest of LAMEA LiDAR Market by Component
10.7.5 Rest of LAMEA LiDAR Market by Installation Type
10.7.6 Rest of LAMEA LiDAR Market by Application
Chapter 11. Company Profiles
11.1 Sick AG
11.1.1 Company Overview
11.1.2 Financial Analysis
11.1.3 Segmental and Regional Analysis
11.1.4 Research & Development Expense
11.1.5 Recent strategies and developments:
11.1.5.1 Partnerships, Collaborations, and Agreements:
11.1.5.2 Product Launches and Product Expansions:
11.1.6 SWOT Analysis
11.2 FARO Technologies, Inc.
11.2.1 Company Overview
11.2.2 Financial Analysis
11.2.3 Regional Analysis
11.2.4 Research & Development Expense
11.2.5 Recent strategies and developments:
11.2.5.1 Acquisition and Mergers:
11.3 Teledyne Optech, Inc. (Teledyne Technologies Incorporated)
11.3.1 Company Overview
11.3.2 Financial Analysis
11.3.3 Segmental and Regional Analysis
11.3.4 Recent strategies and developments:
11.3.4.1 Product Launches and Product Expansions:
11.4 Trimble, Inc.
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Segmental and Regional Analysis
11.4.4 Research & Development Expense
11.4.4.1 Product Launches and Product Expansions:
11.5 Hexagon AB (Leica Geosystems AG)
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Regional & Segmental Analysis
11.5.4 Research & Development Expenses
11.5.5 Recent strategies and developments:
11.5.5.1 Partnerships, Collaborations, and Agreements:
11.5.5.2 Product Launches and Product Expansions:
11.6 NV5 Global, Inc.
11.6.1 Company Overview
11.6.2 Financial Analysis
11.6.3 Segmental and Regional Analysis
11.6.4 Recent strategies and developments:
11.6.4.1 Acquisition and Mergers:
11.7 YellowScans
11.7.1 Company Overview
11.7.2 Recent strategies and developments:
11.7.2.1 Partnerships, Collaborations, and Agreements:
11.8 SureStar
11.8.1 Company Overview
11.8.2 Recent strategies and developments:
11.8.2.1 Partnerships, Collaborations, and Agreements:
11.9 GeoDigital
11.9.1 Company Overview
11.10. RIEGL Laser Measurement Systems GmbH
11.10.1 Company Overview
Companies Mentioned
- Sick AG
- FARO Technologies, Inc.
- Teledyne Optech, Inc.
- Trimble, Inc.
- Hexagon AB (Leica Geosystems AG)
- NV5 Global, Inc.
- YellowScans
- SureStar
- GeoDigital
- RIEGL Laser Measurement Systems GmbH
Methodology
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