Market Share of Global LiDAR Industry
The LiDAR Market is fragmented due to many large and small players churning the competition in the market. Through product and technology launches, strategic partnerships, acquisitions, expansion, and collaboration, these players try to gain a competitive edge in the market. Key players in the market are Sick AG, Teledyne Optech, Quanergy Systems Inc., Velodyne LiDAR, 3D Laser Mapping Ltd, Denso Corporation, etc.
- February 2024 - John Deere announced a strategic partnership with Leica Geosystems, part of Hexagon, to assist in accelerating the digital transformation of the heavy construction industry. The collaboration between John Deere and Leica Geosystems would leverage the strengths of both companies to bring new technologies and services to construction professionals worldwide.
- May 2023 - SICK AG announced that it would provide standardized information from over 40,000 SICK sensors in the form of Asset Administration Shells (AAS) to consumers and partners. SICK demonstrated its aspiration to contribute significantly to the advancement of industrial digitalization.
LiDAR Market Leaders
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Sick AG
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Velodyne LiDAR
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Leica Geoystems AG
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Faro Technologies Inc.
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Denso Corporation
*Disclaimer: Major Players sorted in no particular order
