LiDAR Market Outlook:
LiDAR Market size was valued at USD 2.56 billion in 2025 and is likely to cross USD 9.74 billion by 2035, expanding at more than 14.3% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of LiDAR is assessed at USD 2.89 billion.
The growth is set to be encouraged by the technological advancement in LiDAR. Quantum-Systems and YellowScan jointly announced the launch of a geomatics grade LiDAR scanner integrated into the payload chamber of the drone, with accompanying software. Hence, this rising development of LiDAR has increased the scope for the product thus boosting the market growth.
In addition to these, factors that are believed to fuel the LiDAR market expansion is the increasing development of smart cities. LiDAR technology generates precise, superior-resolution 3D mapping data, which is useful for building utility infrastructure and metropolitan environments.
For instance, Siemensstadt has initiated a project for smart city development, and provided the largest ever fund of USD 600 million for transforming industrial areas into urban and modern districts.
