Top LiDAR Companies Transforming the Industry
16 May, 2025

The LiDAR Market is anticipated to grow at a compound annual growth rate (CAGR) of 20.96% from 2025 to 2033, from US$ 2.31 billion in 2024 to US$ 12.81 billion in 2033. The market for LiDAR (Light Detection and Ranging) is expanding quickly due to developments in robotics, smart infrastructure, autonomous cars, and environmental mapping. Adoption is being fueled by rising demand for high-precision 3D imaging and geographic data in industries such as urban planning, automotive, aerospace, and agriculture. LiDAR technologies based on solid-state and MEMS technology are becoming more popular because of their affordability and small size. The market is led by North America, with Asia-Pacific making significant contributions because of its fast industrialization and smart city projects. Luminar, Innoviz, and Velodyne are important participants. High prices and integration difficulties are market obstacles, but further R&D and economies of scale should lower them. Similarly, the size of the Asia Pacific LiDAR market was USD 791.41 million in 2024 and is projected to increase at a compound annual growth rate (CAGR) of 22.2% from 2025 to 2033, reaching USD 4,808.84 million.

Leading companies in the LiDAR market concentrate on creating cutting-edge sensor technologies for use in the industrial, automotive, and geospatial domains. To satisfy the growing need for high-resolution 3D mapping solutions, businesses compete by developing innovative solid-state and MEMS-based technologies, forming strategic alliances, and pursuing international development.

Discover key trends, growth opportunities, and major challenges shaping the LiDAR Industry in Renub Research’s latest in-depth market report. Download your free sample now

LiDAR Companies Transforming Autonomous Tech

Faro Technologies Inc.

Establishment: 1981

Headquarters: United States of America

Website: www.faro.com

Revenue: $342.4M in 2023

The design, development, production, marketing, and distribution of three-dimensional (3D) measuring, imaging, and realization solutions are the areas of expertise for Faro Technologies Inc. (FARO). It provides a variety of hardware solutions, including as measuring arms, viewpoint laser tracker systems, 3D laser scanners, and projectors for the manufacturing and construction industries. Additionally, FARO provides software solutions, such as the RevEng software platform, CAM2, BuildIT, As-Built, HoloBuilder, FARO Zone 2D and 3D software, and BuildIT construction, metrology, and projection software. Reverse engineering, rapid prototyping, surveying, construction, assembly layout, construction management, machine guidance, component and assembly inspection, and crash and crime scene reconstruction are some of the applications for the company's 3D products and software. It sells goods in Asia, Oceania, Europe, and North America. The US headquarters of FARO are located in Lake Mary, Florida.

Hexagon AB

Establishment: 1993

Headquarters: Sweden

Website: www.hexagon.com

Revenue: $5.8B in 2023

Combining sensor, software, and autonomous technologies, Hexagon AB (Hexagon) offers digital reality solutions. Intelligent positioning, situational intelligence, industrial design, and reality capture measurement are among the company's main offerings. Using data from linked devices to guide clients through digital transformation and incorporating AI, edge-cloud orchestration, mobility, and data visualization into self-sufficient connected ecosystems are some of its main initiatives. Construction, mining, agriculture, aerospace, automotive, defense, and manufacturing are just a few of the industries that use Hexagon's products. The corporation operates in Europe, the Middle East, Asia, Africa, and the Americas. The headquarters of Hexagon are located in Stockholm, Sweden.

Vaisala Oyj

Establishment: 1936

Headquarters: Finland

Website: www.vaisala.com

Revenue: $610.8M in 2023

Products for industrial and environmental monitoring are produced by Vaisala oyj (Vaisala). Among its offerings are wind lidars, smart cloud monitoring systems, sounding systems, radiosondes, weather and environmental sensors, and autonomous weather stations and sensors. In addition, Vaisala offers surface visibility sensors, thunderstorm and lightning detection systems, road and runway surface systems, and other measuring tools. The business provides project, consulting, training, modernization, calibration, system maintenance, and monitoring services. Oil and gas, petrochemicals, semiconductors, life sciences, automotive, pulp, paper, food, beverages, and agriculture are among its clients. In addition to the United States, the corporation has operations in Canada, Brazil, France, Finland, Sweden, Germany, China, and Malaysia. The headquarters of Vaisala are located in Vantaa, Finland.

Sick AG

Establishment: 1946

Headquarters: Germany

Website: http://www.sick.com

SICK's sensor solutions are keeping industry moving, whether it's factory automation or logistics automation. As a pioneer in technology and the market, SICK offers sensor intelligence and application solutions that provide the ideal foundation for safely and effectively managing processes, shielding people from harm, and avoiding environmental harm.

One of the top suppliers of solutions for sensor-based industrial applications worldwide is SICK. Established in 1946 by Dr.-Ing. e. h. Erwin Sick, the firm is a market leader in technology and has its headquarters located in Waldkirch im Breisgau, close to Freiburg. SICK is present all over the world with 63 subsidiaries, stock interests, and a large number of agents. In the fiscal year 2024, SICK, which employs 11,804 people globally, made EUR 2.1 billion in total sales.

Teledyne Technologies Inc.

Establishment: 1960

Headquarters: United States of America

Website: www.teledyne.com

Revenue: $5.7B in 2023

Enabling technologies for industrial growth markets are offered by Teledyne Technologies Inc. (Teledyne). Digital image sensors, cameras and systems, infrared, ultraviolet, and X-ray spectra, condition monitoring, and control instruments for industrial, environmental, and maritime applications are among the products offered by the firm. In addition, it provides satellite communication subsystems, defense electronics, and electronic test and measurement equipment. Aerospace and defense, factory automation, deepwater oil and gas exploration and production, environmental monitoring of air and water quality, oceanographic research and production, medical imaging, and pharmaceutical research are just a few of the sectors that Teledyne services. The corporation operates across Asia-Pacific, Africa, the Middle East, Europe, and the Americas. The headquarters of Teledyne are located in Thousand Oaks, California, in the United States.

Innoviz Technologies Ltd.

Establishment: 2016

Headquarters: Israel

Website: innoviz.tech

Revenue: $20.9 in 2023

Developing and marketing self-driving automobiles for passenger cars as well as other markets including shuttles, delivery vehicles, buses, and trucks, Innoviz Technologies Ltd. is a supplier of sensors and systems for completely autonomous vehicles. Rosh Haayin, Central, Israel, is home to the company's headquarters.

LeddarTech Inc.

Establishment: 2007

Headquarters: Quebec, Canada

Website: http://www.leddartech.com

LeddarTech is an automobile ADAS and AD software firm that was founded in 2007. It provides customers with full end-to-end raw data fusion and perception solutions that help them overcome important problems along the whole value chain.

Highly accurate 3D environmental models are produced using LeddarTech's automotive-grade software technology, LeddarVisionTM, which is adaptable, reliable, affordable, and sensor-agnostic. All SAE autonomy levels are supported by this scalable software, which fuses raw data from sensors used in L2-L5 applications using AI and computer vision techniques. Compared to traditional "object fusion" methods, LeddarTech's usage of raw data fusion finds minuscule roadblocks with higher detection rates and fewer false alarms. Unclassified barriers are also identified, adding another degree of security to the car. With more than 150 issued or pending patents, LeddarTech is the driving force behind several advancements in advanced automotive and mobility applications that improve ADAS and autonomous driving capabilities.

NV5 Global Inc.

Establishment: 1947

Headquarters: United States of America

Website: www.nv5.com

Revenue: $941.3M in 2023

Engineering and consulting services are offered by NV5 Global Inc. (NV5 Global). The company's main areas of interest include program management, energy, infrastructure, environmental, and construction quality assurance. Among its many services are utility services, engineering, surveying, energy efficiency and sustainable energy services, environmental health and safety, construction quality assurance, and geospatial data applications and software. Federal, state, and municipal governments in the United States, as well as private sector customers in the infrastructure, utility services, construction, real estate, environmental, and geospatial sectors, are among the varied clientele that NV5 Global serves. By using a shared services platform, the business maximizes efficiency and performance across all of its locations. The US headquarters of NV5 Global are located in Hollywood, Florida.