---

Market Overview

---

The global LiDAR software market was valued at $335 million in 2022 and is projected to reach $1,940 million by 2031, with a compound annual growth rate (CAGR) of 21.53% during the forecast period of 2022-2031. The market’s growth will be driven by several factors, including the increasing focus on advanced LiDAR solutions to enhance existing advanced driver assistance systems (ADAS) in the automotive industry, the growing demand for LiDAR solutions in surveying and mapping applications, and the rising adoption of LiDAR solutions to streamline construction projects.

Over the past decade (2011-2021), LiDAR solutions have become increasingly important in various emerging industries, including autonomous vehicles and smart infrastructure applications. LiDAR technology has evolved and surpassed radars and cameras as the preferred method for capturing real-time 3D spatial data. The improvement in performance, coupled with declining prices of advanced LiDAR solutions, has been a major driver of market growth. While both LiDAR hardware and software solutions have contributed to improved performance, it is the software solutions that enable users to manipulate and visualize raw data, generating actionable insights. LiDAR solution vendors are focusing on developing user-friendly and cost-competitive software components to meet customer needs. Additionally, decreasing costs of LiDAR hardware have made LiDAR solutions more affordable across industries.

This research study provides a comprehensive overview of the current and future outlook of the LiDAR software industry, focusing on applications, technology types, product types, and deployment across major LiDAR software markets worldwide. Established LiDAR software vendors are continuously developing solutions to meet the growing demands of customers, particularly in autonomous driving and smart infrastructure applications. Automotive original equipment manufacturers (OEMs) are also actively working on LiDAR perception solutions through partnerships or in-house development. The advancement of LiDAR solutions is expected to drive the adoption of LiDAR software for emerging use cases.

Over the next decade (2022-2032), the LiDAR software market is poised for significant growth, fueled by increasing global demand for LiDAR processing solutions. Major markets such as the U.S., Germany, France, China, Japan, and Israel are expected to witness faster development of advanced LiDAR solutions compared to other markets. Consequently, the adoption of advanced LiDAR technologies will create lucrative opportunities for LiDAR software vendors, leading to substantial revenue growth in the coming years (2022-2032).

---

Market Segmentation

---

The market is segmented based on various factors, including product type, technology type, application, deployment, and region.

Segmentation by Product Type
Simulation Software
Mapping Software
Processing Software

Segmentation by Technology Type
Mechanical
Solid State

Segmentation by Application
Forestry and Environmental
Survey and Mapping
Automotive
Construction and Infrastructure
Others

Segmentation by Deployment
Airborne
Terrestrial

Segmentation by Region
North America
Europe
U.K.
China
Asia-Pacific and Japan
Rest-of-the-World

The global LiDAR software market in 2021 was dominated by the construction and infrastructure segment, and this trend is expected to continue during the forecast period. The demand for LiDAR technologies in construction and smart infrastructure applications is projected to increase over the next decade. LiDAR has become an essential tool for construction and infrastructure companies worldwide. It helps maintain worker safety by identifying threats in real-time, reducing the need for personnel on-site and minimizing the risk of accidents. Construction teams can use LiDAR software solutions to view their projects in three dimensions, analyze digital surface models and point cloud data, and optimize resource allocation, reducing unexpected costs.

However, the automotive segment is predicted to experience the fastest growth in the forecast period due to the rising demand for advanced LiDAR solutions in autonomous driving applications. The automotive industry is anticipating the growth of autonomous vehicles and driver-assistance technology. While radar-based systems are suitable for autonomous driving, LiDAR-based sensors offer superior performance, safety, and reliability. LiDAR technology provides high-resolution 3-D digital data, enabling fully automated self-driving vehicles and delivering a highly secure driving experience.

In terms of technology type, the LiDAR software market is primarily divided into mechanical and solid-state segments. The mechanical segment is currently the leading segment, although solid-state LiDAR solutions are being developed and expected to grow faster in the forecast period.

The LiDAR software market is further categorized based on product type into processing software, mapping software, and simulation software. Mapping software is projected to generate the highest revenues, while the demand for processing software is expected to grow rapidly, driven by emerging LiDAR applications in smart infrastructure and intelligent transportation systems.

Terrestrial deployment accounted for the larger share of the LiDAR software market in 2021, and it is expected to continue driving demand during the forecast period. This is due to the increasing adoption of LiDAR perception solutions in autonomous driving and smart city applications.

North America currently holds the largest market share in the LiDAR software market, as it is a major market for automotive and construction and infrastructure LiDAR applications. However, Europe and China are expected to lead in terms of growth during the forecast period. Both regions are projected to experience significant demand for LiDAR software solutions, particularly in autonomous driving and smart infrastructure applications.

---

Competitive Landscape

---

The selection of the profiled companies was based on inputs collected from primary experts, as well as an analysis of company coverage, product portfolio, and market presence.

Out of the 15 companies featured in the report, private enterprises operating in the global LiDAR software market held approximately 48% of the market share in 2021, while public companies operating in the market accounted for approximately 52% of the market share.

Key companies profiled in this report include Phoenix LiDAR Systems, Terrasolid, GreenValley International, Geo-Plus, GeoCue, Routescene, YellowScan, LeddarTech Inc., Blickfeld GmbH, Velodyne LiDAR, Inc., Shanghai Huace Navigation Technology Ltd. (CHC Navigation), Leica Geosystems AG – Part of Hexagon AB, Quanergy Systems, Inc., Innoviz Technologies Ltd, Teledyne Geospatial, Seoul Robotics, Neuvition, Inc., MatrixSpace, Aeva Inc., Outsight SA.

---

Recent Industry Developments

---

In January 2023, Quanergy Systems, Inc. introduced a highly precise mantrap tailgating solution based on LiDAR technology. This solution incorporates the company’s perception software and MQ-8 series LiDAR sensors.

In December 2022, LeddarTech Inc. entered into a development and commercial partnership agreement with Ficosa International S.A., a multinational corporation headquartered in Spain that specializes in the research and development as well as production of automotive components and systems. According to the terms of this agreement, Ficosa will integrate LeddarTech’s LeddarVision software solution into its own ADAS (Advanced Driver Assistance System) solution for parking.

In December 2022, Innoviz Technologies Ltd formed a partnership agreement with Outsight SA, a start-up company based in Paris, France, focusing on real-time 3-D situation awareness solutions. Within the scope of this partnership agreement, Innoviz’s LiDAR InnovizOne will be integrated with Outsight’s processing software solution, enabling advanced 3-D localization and perception capabilities for LiDAR solutions used in automotive, industrial, and smart city applications.

In December 2022, Blickfeld GmbH established a new branch office in Shanghai, China, as part of its expansion strategy to extend its global presence and cater to target customers in China, a significant market for LiDAR solutions.

In October 2022, Velodyne LiDAR, Inc. completed the acquisition of Bluecity, an AI software provider based in Canada. Bluecity primarily offers advanced LiDAR solutions to address infrastructure, safety, and traffic-related challenges.

---

Key Questions Answered

---

What are the key drivers for the global LiDAR software market between 2022 and 2031?
What are the primary challenges and growth opportunities in the market?
Who are the major players, and what strategic initiatives are they undertaking to enhance their presence and market share? What are the key strategies employed by these players to sustain competitiveness in the market?
Which product type is expected to emerge as the leader in the global LiDAR software market by 2031?
Which application is anticipated to dominate the global LiDAR software market in the forthcoming years?
What are some notable business cases related to the utilization of LiDAR systems in specific industries?
Which region is expected to witness the highest growth rate in the global LiDAR software market during the study period?