The 2024 LIDAR industry report details the advancement and growth within this innovative sector. Highlighting key trends, technological breakthroughs, and investments, this report provides an overview of the lidar landscape. It explores the industry’s expanding applications across various fields, from autonomous vehicles to environmental monitoring to underscore its growing importance.
This lidar market report serves as a reference for stakeholders within the industry, investors, policymakers, and economic analysts, providing a snapshot of the industry’s health to map its trajectory for innovation and growth in the coming years.
StartUs Insights Lidar Report 2024
- Executive Summary
- Introduction to the Lidar Report 2024
- What data is used in this Lidar Report?
- Snapshot of the Global Lidar Industry
- Funding Landscape in the Lidar Industry
- Who is Investing in Lidar Companies?
- Emerging Trends in the Lidar Industry
- 5 Innovative Lidar Startups
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Executive Summary: Lidar Market Report 2024
This report is created using data obtained from the Big Data and AI-powered StartUs Insights Discovery Platform, covering more than 4.7 million global companies, as well as 20K+ technologies and emerging trends. We also analyzed a sample of 650+ lidar startups developing innovative solutions to present five examples from emerging lidar industry trends.
- Industry Growth Overview: The lidar industry comprises over 3200 companies, with a 12.22% annual growth rate.
- Manpower & Employment Growth: It employs more than 185K individuals globally, with an addition of 17K new employees in the past year alone.
- Patents & Grants: With 74870+ patents and over 700 grants, the lidar industry leads in innovation and reflects support for ongoing research and development.
- Global Footprint: Key country hubs include the USA, Brazil, India, Canada, and the UK, with major city hubs in Bangalore, New Delhi, Rio De Janeiro, London, and San Francisco. These centers highlight the industry’s influence and activity.
- Investment Landscape: The lidar sector showcases an average investment value of USD 31 million per round. The industry closed over 1230 funding rounds involving more than 320 investors.
- Top Investors: Combined investments by top investors exceed USD 86 million. Some of the leading investors include Blackbird Ventures, BPI France, and Runway Growth.
- Startup Ecosystem: Five innovative lidar startups include Vueron (lidar-only autonomous driving), VisionVal (crowd monitoring), LightIC Technologies (solid-state lidar), Tervizio (low-cost lidar solution), and Exwayz (3D lidar processing).
- Recommendations for Stakeholders: To maximize returns and foster innovation, investors should support lidar companies developing sensor and AI integration technologies. Focusing on industries like autonomous vehicles or environmental monitoring to meet growing demands will drive entrepreneurship. Governments should explore using LIDAR for various requirements from building smart cities to finding new resources or archeological sites.
Explore the Data-driven Lidar Industry Outlook for 2024
The Lidar Report 2024 uses data from the Discovery Platform and encapsulates the key metrics that underline the sector’s dynamic growth and innovation. The industry database includes more than 651 startups and over 3200 companies. Last year, the industry experienced growth with a 12.22% increase. This sector is supported by 74870 patents and over 700 grants reflecting its innovative drive.
Global manpower stands at 185K+ employees, with an employee growth of 17K+ in the past year alone. The industry’s top hubs span the USA, Brazil, India, Canada, and the UK. Key city hubs include Bangalore, New Delhi, Rio De Janeiro, London, and San Francisco, serving as key centers of startup activity and innovation.
What data is used to create this lidar technology report?
Based on the data provided by our Discovery Platform, we observe that the lidar industry ranks among the top 5% in the following categories relative to all 20K topics in our database. These categories provide a comprehensive overview of the industry’s key metrics and inform the short-term future direction of the industry.
- News Coverage & Publications: With over 7910 publications last year, the lidar industry maintains a significant presence in media and research.
- Funding Rounds: Our database includes data from 1230 funding rounds, showcasing the industry’s financial support and investment.
- Manpower: The industry employs over 185K workers, with more than 17K new employees added in the last year.
- Patents: The sector registered more than 74870 patents.
- Grants: The industry secured over 700 grants to reflect the support for continued research and development.
- Yearly Global Search Growth: The lidar industry experienced a 19.61% increase in global search interest and indicated growing awareness and demand.
- and more. Contact us to explore all data points used to create this lidar report.
A Snapshot of the Global Lidar Industry
The lidar industry continues to demonstrate growth and development across multiple dimensions. With a workforce exceeding 185600 employees, the industry saw an addition of over 16800 new employees in the past year alone. This manpower is distributed across over 3200 companies and highlights the industry’s expansive reach and capacity.
Explore the Funding Landscape of the Lidar Industry
In terms of financial investments, the lidar industry showcases decent investor confidence and engagement. The average investment value per round stands at USD 31 million reflecting the capital inflow and support for lidar initiatives. The industry successfully closed over 1230 funding rounds, with more than 320 investors actively participating.
This investment activity spans 360 companies and indicates a diversified interest in the sector’s potential. Overall, the lidar industry’s growth in manpower and financial investments underscores its role in technological advancement and its promising future trajectory.
Who is Investing in LIDAR Solutions?
The lidar industry experienced significant investment activity, with the combined value invested by the top investors exceeding USD 86 million. This financial backing underscores the industry’s potential for investors. Here are some of the leading investors and their contributions:
- Volatus Aerospace invested USD 650K in 2 companies.
- BPI France contributed USD 4 million across 2 companies.
- MaC Venture Capital allocated USD 16 million to 2 companies.
- Blackbird Ventures committed at least USD 30 million to 1 company.
- SAIC Motor assigned USD 15 million to at least 1 company.
- Runway Growth endowed at least USD 20 million to 1 company.
- and more. Reach out to us to explore all investment data in the LiDAR industry.
Access Top Lidar Innovations & Trends with the Discovery Platform
Solid-State Lidar technology includes 42 companies in its area. It employs 3400 individuals and added 418 new employees in the past year. This segment’s annual growth rate of 13.17% highlights the adoption of solid-state lidar systems, known for their reliability and cost-efficiency.
Remote Sensing has 2370 companies contributing to this field. Employing over 100K people, the industry added 10K new employees in the last year to reflect its growing impact. With an annual growth rate of 5.53%, remote sensing technologies are utilized in environmental monitoring, agriculture, and disaster management.
Unmanned Aerial Vehicle (UAV) Mapping involves 135 companies in its segment. With a workforce of 4K employees, the sector added 378 new employees over the past year. Its annual growth rate of 10.63% highlights the adoption of UAVs for mapping and surveying purposes.
5 Top Examples from 650+ Innovative Lidar Startups
The five innovative startups showcased below are picked based on data including the trend they operate within and their relevance, founding year, funding status, and more. Get in touch to find promising startups, emerging trends, or industry data specific to your company’s needs and objectives.
Vueron offers Lidar-only Autonomous Driving
South Korean startup Vueron develops lidar-based autonomous driving solutions. Its VueOne product deploys on various automotive-qualified processors and provides advanced driver assistance system (ADAS) and autonomous driving information. The AI-based core algorithm of Vueron converts 3D point cloud data into information such as class, position, size, direction, and velocity. Moreover, the startup’s VueTruck provides autonomous driving delivery and addresses logistics market challenges. Thus, these products promote safety and efficiency in autonomous driving and logistics applications.
VisionVal provides Crowd Monitoring Solutions
German startup VisionVal provides crowd management solutions. Its crowd-monitoring technology uses three-dimensional lidar sensors to analyze the flow of people in open spaces. This technology ensures public safety and security while providing insights about environments such as shopping malls and train stations. By using AI-based perception layers, the sensors deliver directional information, velocity, and object classification without capturing personally identifiable information.
LightIC Technologies develops Solid-State Lidar
US-based startup LightIC Technologies uses frequency-modulated continuous wave (FMCW) lidar technology to measure the distance and velocity of each point in its point cloud. This solid-state lidar technology provides single-photon level sensitivity using a standard, low-cost PIN detector and low-power laser. It suits chip integration using silicon photonics and withstands daylight and other lidar interferences. It operates at a 1550 nm wavelength and allows more eye-safe laser power and zero interference from daylight. The system is compact, durable, cost-effective, and ideal for automotive applications due to its ease of use and manufacturing efficiency.
Tervizio creates Low-Cost Lidar Solution
Israeli startup Tervizio uses its Shark Fin technology and leverages the natural sensor transient phenomenon to extract data points even from basic lasers with long pulse widths. This eliminates the need for expensive high-end lasers and complex components while simplifying design and reducing costs. Thus, this technology assists original equipment manufacturers (OEMs) in deploying lidars across high-volume and mid-range platforms, while sensor providers benefit from flexible, low-cost designs. It supports the automotive, industrial, robotics, smart cities, and agriculture sectors.
Exwayz provides 3D Lidar Processing
French startup Exwayz provides a software development kit (SDK) for real-time 3D lidar processing to integrate 3D lidar sensors in various products. The Exwayz SDK supports object detection and classification and offers advanced perception capabilities with 3D-oriented bounding boxes and point-wise classification. Its object-tracking component analyzes and predicts motion to ensure tracking in cluttered scenes and during brief occlusions. The simultaneous localization and mapping (SLAM) component achieves high-precision sensor localization and mapping and corrects ego-motion for providing low drift and mid-term loop closure. It serves multiple industries, including automotive, mobile robotics, and drones.
Gain Comprehensive Insights into Lidar Trends, Startups, or Technologies
The 2024 Lidar Industry Report explores a sector facing challenges such as high costs, complex integration, and data processing difficulties. To overcome some of these, innovations like FMCW lidar, cost-effective sensors, and advanced AI algorithms are becoming more accessible, efficient, and adaptable. Connect with us to explore all 650+ startups and scaleups, as well as all industry trends impacting lidar companies.
