China Lidar Market Size & Outlook, 2023-2030
The lidar market in China is expected to reach a projected revenue of US$ 1,004.0 million by 2030. A compound annual growth rate of 14.1% is expected of China lidar market from 2024 to 2030.
Revenue, 2023 (US$M)
$398.1
Forecast, 2030 (US$M)
$1,004.0
CAGR, 2024 - 2030
14.1%
Report Coverage
China
China lidar market, 2017-2030 (US$M)
Related Markets
China lidar market highlights
- The China lidar market generated a revenue of USD 398.1 million in 2023 and is expected to reach USD 1,004.0 million by 2030.
- The China market is expected to grow at a CAGR of 14.1% from 2024 to 2030.
- In terms of segment, terrestrial was the largest revenue generating product in 2023.
- Mobile & UAV is the most lucrative product segment registering the fastest growth during the forecast period.
Lidar market data book summary
| Market revenue in 2023 | USD 398.1 million |
| Market revenue in 2030 | USD 1,004.0 million |
| Growth rate | 14.1% (CAGR from 2023 to 2030) |
| Largest segment | Terrestrial |
| Fastest growing segment | Mobile & UAV |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Airborne, Terrestrial, Mobile & UAV |
| Key market players worldwide | Faro Technologies Inc, Hexagon AB ADR, Teledyne Technologies Inc, Trimble Inc, SICK, Inc, RIEGL USA, Quantum Spatial, Velodyne Lidar, YellowScan, GeoDigital |
Other key industry trends
- In terms of revenue, China accounted for 15.8% of the global lidar market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China lidar market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,004.0 million by 2030.
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LiDAR Market Scope
Lidar market segmentation & scope
LiDAR Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China lidar market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to lidar market will help companies and investors design strategic landscapes.
Terrestrial was the largest segment with a revenue share of 35.59% in 2023. Horizon Databook has segmented the China lidar market based on airborne, terrestrial, mobile & uav covering the revenue growth of each sub-segment from 2017 to 2030.
- China LiDAR Product Outlook (Revenue, USD Million, 2017-2030)
- Airborne
- Terrestrial
- Mobile & UAV
- China LiDAR Application Outlook (Revenue, USD Million, 2017-2030)
- Corridor Mapping
- Engineering
- Environment
- Exploration
- ADAS
- Others
- China LiDAR Component Outlook (Revenue, USD Million, 2017-2030)
- GPS
- Navigation (IMU)
- Laser Scanners
- Others
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Our clientele includes a mix of lidar market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China lidar market , including forecasts for subscribers. This country databook contains high-level insights into China lidar market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
China lidar market size, by product, 2017-2030 (US$M)
China LiDAR Market Outlook Share, 2023 & 2030 (US$M)
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