Technology

Light Detection and Ranging [LiDAR] Market Size worth $4.71 billion by 2030 – Exclusive Report by The Research Insights

Published

1 year ago

May 22, 2025

CHICAGO, May 22, 2025 /PRNewswire/ — The global LiDAR Market size value in 2025 is projected to be valued at USD 2.99 billion and revenue forecast by 2030 to reach USD 4.71 billion, growing at a CAGR of 9.5% according to a latest report by The Research Insights. The Light Detection and Ranging [LiDAR] Market sees significant transformation through LiDAR-as-a-Service (LaaS) which enables flexible and economical access to precise spatial data for multiple users. The conventional LiDAR systems model demanded substantial financial resources for hardware and software procurement and the hiring of specialized staff.

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The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the LiDAR market growth of 9.5% comprises a range of component, product type, application and geography which are expected to register strength during the coming years.

Market Overview and Growth Trajectory:

LiDAR Market Growth: According to an exhaustive report by The Research Insights, the LiDAR Market Share by Company is experiencing significant growth, driven by silent yet transformative revolution of open-source software in the LiDAR market. Working with LiDAR data required expensive proprietary tools which only organizations with substantial funding could purchase for many years. PDAL, QGIS and CloudCompare now enable straightforward processing and analysis of complex point cloud data. The availability of open-source tools now allows broader access to LiDAR technology beyond its traditional user base. This development is initiating fresh waves of innovation throughout the LiDAR market.

Adoption of LiDAR in Industrial Robotics and Manufacturing Automation: LiDAR is emerging as a pivotal technology in the advancements of industrial robotics and manufacturing automation. The LiDAR market is experiencing remarkable growth beyond its historical uses in autonomous vehicles and mapping as its technology now establishes dominance in warehouse operations and factory settings. Distribution centers and manufacturing floors demand non-negotiable precision alongside safety and efficiency. LiDAR technology enables smart robots to operate in real time using 3D perception which facilitates their navigation through complicated spaces while detecting obstacles and adapting to changing conditions without GPS dependency. LiDAR proves essential to warehouse automation because autonomous mobile robots (AMRs) use it to transport goods and avoid collisions while efficiently collaborating with human workers. The expanding use of LiDAR technology demonstrates its evolution beyond outdoor mapping and autonomous vehicles. LiDAR has established itself as a key component in advancing automation technology. The LiDAR market will enable smart factories and autonomous systems through ongoing innovation and market acceptance to become fundamental components of Industry 4.0.

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Increased Use in AR/VR and Smartphones: Today’s LiDAR market extends beyond its traditional use in mapping tools and self-driving cars as this technology reaches consumer devices like smartphones. Tech leaders such as Apple have embedded LiDAR sensors into their smartphones and tablets making this technology more readily available to consumers. The growth of consumer electronics adopting LiDAR technology signifies a substantial market expansion. LiDAR technology transforms daily life through its applications in augmented reality home improvement, virtual shopping experiences and educational tools. Virtual and augmented reality headsets experience this LiDAR market expansion. Real-time mapping of physical spaces through LiDAR technology boosts spatial awareness and safety in immersive applications. Mixed-reality devices use LiDAR technology to comprehend user environments which enables intuitive and natural user interactions. LiDAR technology pioneers’ advancements by enhancing user experiences and pushing new possibilities in the consumer tech LiDAR market as we witness the merging of physical and digital realms.

The Airborne LiDAR System, a Top Choice for Large-Scale Mapping: The airborne segment dominates the LiDAR market because it provides wide-area coverage and high-resolution data essential for topographic surveys as well as flood modeling and forestry analysis and infrastructure planning applications. Fixed-wing aircraft remain the primary choice for this segment because they move over large spaces efficiently while drones equipped with LiDAR are becoming increasingly popular for their maneuverability and low operating costs in difficult-to-access areas. Airborne LiDAR’s rapid creation of precise 3D representations across vast expanses renders it essential to government bodies and engineering companies alongside environmental groups. Technological improvements in sensor size reduction and data processing power help airborne LiDAR continue its market dominance because it delivers unmatched accuracy and adaptability for mapping projects across different environments.

Geographical Insights: North America leads the LiDAR market with a market share of 32% in 2024 because of significant government funding for autonomous vehicle development and defense system modernization along with infrastructure project investments. North America’s LiDAR market share grows stronger due to major industry players like Velodyne, Teledyne, and Faro Technologies, Inc. as well as the LiDAR technology’s early implementation in automotive and environmental monitoring sectors. The LiDAR market experiences its fastest growth in the Asia Pacific region due to rapid urbanization and smart technology adoption alongside government-backed projects in China, Japan, South Korea, and India. The development of local LiDAR makers together with LiDAR technology being integrated into consumer devices like smartphones and robotics creates powerful market expansion. Europe continues to make significant contributions to the worldwide LiDAR market due to its tough environmental laws and ongoing sustainability efforts.

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LiDAR Market Segmentation and Geographical Insights:

Based on component, the market is divided into GPS, Navigation (IMU), laser scanners and others. The laser scanners segment held the largest share of the LiDAR market Share by Company in 2024.Based on product type, the market is divided into airborne, terrestrial and mobile & UAV. The airborne segment held the largest share of the LiDAR market in 2024.Based on application, the market is divided into corridor mapping, engineering, environment, exploration, ADAS and others. The corridor mapping segment accounted for a larger share of the LiDAR market Share by Company in 2024.The LiDAR market is segmented into five major regions: North America, Europe, Asia Pacific, Central & South America and Middle East & Africa.

Key Players and Competitive Landscape:

The LiDAR Market Share by Company is characterized by the presence of several major players, including:

Faro Technologies, Inc.GeoDigitalHesai GroupInnoviz Technologies Ltd.Leica Geosystem Holdings AGQuantum Spatial, Inc.RIEGL USA, Inc.Sick AGTeledyne Optech IncorporatedTrimble Navigation LimitedVelodyne LiDAR, Inc.YellowScan

These companies are adopting strategies such as new product launches, joint ventures, and geographical expansion to maintain their competitive edge in the market.

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LiDAR Market Share by Company, Recent Developments and Innovations:

In September 2024, Teledyne Geospatial announced the launch of its new products and solutions, including the Galaxy Edge airborne LiDAR system and the Network Surveyor, at the INTERGEO 2024 event. This launch aims to provide advanced real-time data processing capabilities for enhanced mapping and analysis.In August 2024, YellowScan collaborated with Nokia, a Telecommunications company in Finland, to integrate the YellowScan Surveyor Ultra LiDAR scanner into Nokia’s Drone Networks. This collaboration aims to transform industrial operations through automated 5G-based LiDAR scanning for applications such as telecommunications towers and utility inspections.In June 2024, Innoviz Technologies Ltd. announced a collaboration with an automotive OEM to improve its Level 4 autonomous vehicle functionalities by integrating Innoviz’s new short-range LiDAR sensors into the OEM’s platform. The short-range LiDAR, part of the InnovizTwo product platform, is designed for light commercial vehicles and aims to support the growing demand for safe and efficient autonomous driving solutions.

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Conclusion:

The LiDAR market is undergoing fast-paced development due to new technological innovations and decreasing costs along with growing applications in multiple industrial sectors. Airborne LiDAR systems remain the primary choice for extensive mapping and infrastructure initiatives as UAV-based LiDAR systems gain popularity due to their adaptability and cost-effectiveness. LiDAR-as-a-Service (LaaS) enables small and medium enterprises to access technology while open-source platforms make it easier for developers and researchers to participate. Even though LiDAR faces obstacles with substantial initial expenses and unclear regulatory frameworks the market looks very promising going forward because industries across the globe continue to focus on automation spatial intelligence and data-driven decision-making which will drive steady market expansion. LiDAR technology is evolving from a specialized application to a primary driver of digital transformation.

The report from The Research Insights, therefore, provides several stakeholders—including component suppliers, LiDAR system manufacturers, data processing providers, system integrators and end users —with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities.

With projected growth to US$ 4.71 billion by 2030, the LiDAR Market represents a significant opportunity for component suppliers, LiDAR system manufacturers, data processing providers, system integrators, end-users, investors, industry stakeholders, and others. By staying abreast of market trends, embracing innovation, and focusing on quality and performance, companies can position themselves for success in this dynamic and evolving market landscape.

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Check out more related studies published by The Research Insights:

Industrial Automation and Control Systems Market – The global industrial automation and control systems market size is expected to reach USD 378.57 billion by 2030, according to a new report by The Research Insights. It is projected to expand at a CAGR of 10.8% from 2025 to 2030. The increasing need for efficiency, precision, and safety across various manufacturing industries. As businesses seek to minimize human error and maximize productivity, automation solutions such as robotics, artificial intelligence, and IoT-based control systems are gaining widespread adoption.Nanorobots Market – The global nanorobots market size is expected to reach USD 20.45 billion by 2030, according to a new report by The Research Insights. It is projected to register a CAGR of 15.4% during the forecast period, attributed to several key factors, including the growing adoption of biocompatible materials like graphene and carbon nanotubes in medical applications, which ensures safety and reliability.Collision Avoidance System Market – The global collision avoidance system market size is anticipated to reach USD 157.47 billion by 2030 and is projected to grow at a CAGR of 11.4% from 2023 to 2030, according to a new report by The Research Insights. The market has witnessed substantial expansion over the past few years, largely driven by advancements in LiDAR, camera, radar, and ultrasound technologies.Commercial Radars Market – The global commercial radars market size is anticipated to reach USD 10.66 billion by 2030, according to a new report by The Research Insights, expanding at a CAGR of 7.6% from 2024 to 2030. The global commercial radars market is poised for significant growth, driven by an expanding array of applications across multiple sectors.

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About The Research Insights:

The Research Insights provides thoroughly conducted research which is backed up by real-time statistics and data. Our experts are eager to help you with any information required under the sun. The key to our success is keeping abreast with the markets, industries, and ever-changing consumer trends that matter. Our market research professionals have in-depth knowledge and expertise across various domains that includes IT and Telecom, Emerging Technologies, Consumer Offerings, Manufacturing and Others. We are committed to reviewing the scope and procedure of the research studies that you select and provide you with an accurate guidance in order to assist you in taking the correct business decisions.

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Technology

QUIGLEY-SIMPSON LAUNCHES NEW AI DISCOVERABILITY AND VISIBILITY OFFERING

Published

36 minutes ago

June 15, 2026

Agency Helps Brands Improve How They Are Discovered, Understood, Referenced, and Recommended Across AI-Powered Platforms

LOS ANGELES, June 15, 2026 /PRNewswire/ — Quigley-Simpson, the impact-obsessed independent marketing agency, today announced a new AI discoverability and visibility offering designed to help brands improve how they are discovered, understood, referenced, and recommended across AI assistants, large language models (LLMs), search engines, and digital media environments.

As consumers increasingly turn to AI-powered platforms for information, recommendations, and purchasing decisions, brands face a new challenge: ensuring accurate, credible, and authoritative information about their business is available and accessible to both people and AI systems.

“Consumers are no longer discovering brands through search engines, advertising, or social media alone,” said Carl Fremont, CEO of Quigley-Simpson. “AI platforms are becoming an increasingly important source of information and recommendations. Brands must now think beyond traditional visibility and consider how they are represented across the broader AI ecosystem.”

The new capability helps brands understand and improve the signals that influence how AI systems interpret, evaluate, and recommend information. Unlike point solutions focused solely on monitoring AI responses, Quigley-Simpson’s approach combines communications, content, creative, media, analytics, and optimization to help brands actively strengthen their visibility and authority.

Built on the agency’s integrated operating system, the offering leverages expertise from communications, creative, media, analytics, strategy, and technology teams to address this emerging challenge.

“We believe brands now need to market to both humans and machines,” said Jeff Ratner, President, Media, Data & Analytics at Quigley-Simpson. “The information AI platforms use doesn’t appear by accident. It is shaped by content, communications, media signals, authority, and credibility across the digital ecosystem. What differentiates our approach is our ability to move beyond diagnosis and activate solutions through integrated communications, creative, media, and analytics programs.”

Historically, communications strategies were designed primarily to influence people. Today, they also influence the systems increasingly shaping consumer discovery and decision-making.

“Brands have spent decades optimizing how they communicate with consumers,” said Alissa Stakgold, President Strategy and Creative Services, at Quigley-Simpson. “Now they must also consider how they communicate with the AI systems that summarize, interpret, and distribute information at scale. This capability helps brands better understand those dynamics and respond strategically.”

The offering combines proprietary methodologies with leading third-party technologies, including AI visibility and monitoring platforms, while leveraging Quigley-Simpson’s broader media, analytics, and intelligence infrastructure.

Initial services include:

• AI visibility and discoverability audits
• Brand authority and citation analysis
• Competitive benchmarking
• Communications and content strategy
• Creative and messaging optimization
• Media and content amplification
• AI response monitoring and reporting
• Ongoing optimization and measurement

The framework is built around five core pillars: Content, Credibility, Connections, Coverage, and Calibration.

Together, these pillars help brands strengthen the signals that influence how AI systems interpret, reference, and recommend information while improving consistency across communications, content, media, and customer experiences.

ABOUT QUIGLEY-SIMPSON:
Headquartered in Los Angeles, with an office in New York City, Quigley-Simpson is the largest WBENC-certified woman-owned advertising agency in the country and an impact-obsessed marketing partner for brands seeking measurable growth. Its fully integrated offerings span brand strategy, creative development, media planning and buying, digital performance, analytics, and AI-enabled solutions. For 25 years, Quigley-Simpson has helped brands break through growth barriers by connecting brand building with business outcomes. As a full-solutions, full-journey agency, it transforms insights into action and action into measurable impact, delivering results that drive long-term growth and competitive advantage. Clients include industry leaders such as JPMorgan Chase and Procter & Gamble, alongside high-growth brands including Generac, Simply Business, Finance of America, and Kumon. Quigley-Simpson’s approach is rooted in a simple philosophy: be Brand-led, Demand-driven, and Impact-obsessed.

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SOURCE Quigley-Simpson

Technology

Dialogica Emerges from Stealth to Empower Lawyers to Reclaim Their Time

Published

36 minutes ago

June 15, 2026

New class of legal cognition provides fully secure, local platform to remove the rote, non-billable work that slows lawyers down

SANTA MONICA, Calif., June 15, 2026 /PRNewswire/ — Dialogica (“Dia”), the new, voice-first class of legal cognition built to empower lawyers to reclaim their time while preserving legal judgment, trust, and confidentiality, announced its public launch today. The company is supported by Ground Up Ventures, led by Cory Moelis, and global leading lawyers, including Tom Glocer, ex-CEO of Thomson Reuters, and members of the board of directors at Morgan Stanley and Merck, Scott Taylor, former GC of Symantec, Health Ingram, a Top 40 BioTech Regulatory Counsel and Partner at Goodwin Proctor, and partners at various AmLaw 50 law firms.

Dia was built to free lawyers from the rote work that holds firms back, like calendaring, timekeeping, redlining, precedent searching, tracking clients, matters, deals, and cases, and much more, so they can focus on what they do best. Sensitive firm data stays within the firm’s walls, and Dia works seamlessly with the systems and technology already in place. The result is more billable time and revenue per lawyer, and more room for work-life balance that is rarely afforded in the industry.

The launch comes as current ‘last mile’ legal AI tools have focused on the drafting work that lawyers spend years training to do. Dia is focused on the first mile of legal work; this is the high-friction layer where matters start, where time is lost, and where repetitive work slows lawyers down. It operates as a horizontal, voice-first dialogue layer that strengthens what firms already have rather than replacing it, and was built to provide a practical, secure way to give lawyers an intuitive, easy-to-use system while maintaining the standards of security, confidentiality, and control that their clients demand.

“I spent years watching my colleagues, and brilliant lawyers, lose hours every single day to work that had nothing to do with being a lawyer,” said Austin Worrell, Co-Founder and CEO, Dialogica. “We built Dia to give lawyers this time back, without touching their judgment, training on firm data, or asking anyone to change how they work. We want lawyers to be able to focus on counsel, strategy, and client services; the work that defines a great law firm, and that no AI could ever replace.”

“We built Dia to be the first platform that works the way law firms already operate, rather than force them into a new system,” said Joshua Goodman, Co-Founder and CTO, Dialogica. “At the same time, Dia does not compromise on security, ensuring firms get all the benefits without anything leaving their environment. This is an exciting moment to work with firms that want to move now to define the modern legal practice and future-proof their practices.”

Scott Joachim serves as President of Dialogica, and has almost three decades of experience as a corporate attorney. He previously served as Co-Chair of the Global Private Equity Practice at Paul Hastings, an “American Lawyer Top 25” international law firm, and chair of the private equity practice at leading technology law firm Fenwick and West. He also serves as an adjunct professor at Columbia University. “The intersection of law and technology is at a critical inflection point. I joined Dialogica because I’ve seen first-hand the inefficiencies and frictions in law practice that our products solve. The numbers are undeniable.”

“There is nothing in the market right now making non-billable hours more productive,” said Cory Moelis, General Partner, Ground Up Ventures. “In a field where privacy is absolutely critical, you can’t just build using foundational models. Assistants are emerging as the next wave as models become commodities, and that’s why I’m thrilled to be involved with Dialogica, as they are ahead of this curve.”

About Dialogica
Dialogica, Inc. is the company behind Dia, a secure amplified intelligence platform built to help law firms clear the clutter of daily practice while preserving the legal judgment, client trust, and confidentiality that define the profession. Designed for the operating realities of sophisticated firms, Dia is a voice-first dialogue layer that works across existing systems to reduce repetitive, non-billable work and give lawyers more time for the counsel, strategy, analysis, and client service only they can provide. For more information, visit: dialogicaai.com.

Media Contact
Dialogica@5wpr.com

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Technology

NEUBERGER MUNICIPAL FUND ANNOUNCES MONTHLY DISTRIBUTION

Published

36 minutes ago

June 15, 2026

NEW YORK, June 15, 2026 /PRNewswire/ — Neuberger Municipal Fund Inc. (NYSE American: NBH) (the “Fund”) has announced a distribution declaration of $0.05417 per share of common stock. The distribution announced today is payable on July 15, 2026, has a record date of June 30, 2026, and has an ex-date of June 30, 2026. The Fund seeks to provide income that is exempt from regular federal income tax. Distributions of the Fund may be subject to the federal alternative minimum tax for some stockholders.

The distribution announced today, as well as future distributions, may consist of net investment income, realized capital gains, and return of capital. In the event the Fund distributes more than its net investment income during any yearly period, such distributions may also include realized gains and/or a return of capital. To the extent that a distribution includes a return of capital, the NAV per share may decline and an investor’s cost basis of their shares will be reduced. In compliance with Section 19 of the Investment Company Act of 1940, as amended, a notice would be provided for any distribution that does not consist solely of net investment income. The notice would be for informational purposes and not for tax reporting purposes, and would disclose, among other things, estimated portions of the distribution, if any, consisting of net investment income, capital gains and return of capital. The final determination of the source and tax characteristics of all distributions paid in 2026 will be made after the end of the year.

About Neuberger

Neuberger is an employee-owned, private, independent investment manager founded in 1939 with approximately 3,000 employees across 26 countries. The firm manages $567 billion of equities, fixed income, private markets, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger’s investment philosophy is founded on active management, fundamental research and engaged ownership. The firm is proud to be recognized for its commitment to its two constituents, clients and employees. Again in 2025, we were named Best Asset Manager for Institutional Investors in the US (Crisil Coalition Greenwich) and the #1 Best Place to Work in Money Management (Pensions & Investments, firms with more than 1,000 employees). Neuberger has no corporate parent or unaffiliated external shareholders. Visit www.nb.com for more information, including www.nb.com/disclosure-global-communications for information on awards. Data as of March 31, 2026.

Statements made in this release that look forward in time involve risks and uncertainties. Such risks and uncertainties include, without limitation, the adverse effect from a decline in the securities markets or a decline in the Fund’s performance, a general downturn in the economy, competition from other closed end investment companies, changes in government policy or regulation, inability of the Fund’s investment adviser to attract or retain key employees, inability of the Fund to implement its investment strategy, inability of the Fund to manage rapid expansion and unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations.

Contact:
Neuberger Berman Investment Advisers LLC
Investor Information
(877) 461-1899

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