Middle East and North Africa Lidar Market to Reach USD 36.9B by 2034, Growing at 8.3% CAGR

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Market Overview

The Middle East and North Africa Lidar Market reached US$ 54.6 million in 2023 and is projected to grow to US$ 174.1 million by 2031, with a CAGR of 15.6% during the forecast period 2024-2031. The Middle East and North Africa Lidar Market is supported by rising demand for self-driving cars, electric vehicles, and LiDAR in mining and oil & gas sectors. Growing investments in infrastructure development, rising GDP, an increasing middle class, and advancements in LiDAR-based drones contribute to applications in surveying, mapping, and monitoring. The Middle East and North Africa Lidar Market benefits from AI integration for improved data processing across industries.

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Market Drivers:

Increased demand for self-driving cars and electric vehicles, utilizing LiDAR for 3D mapping and navigation.

Rising usage of LiDAR in mining for high-resolution surveying, terrain modeling, and hazard mapping.

Growing adoption of LiDAR-based drones in surveying and transportation, enhancing efficiency and cost-effectiveness.

Investments in infrastructure projects, such as transit networks and smart city programs, driving LiDAR demand for mapping and monitoring.

Advancements in AI integration, improving LiDAR data processing and sensor performance for applications like vegetation analysis and infrastructure asset management.

Market Restraints:

High initial investment costs for LiDAR equipment, including hardware, software, and accessories, deterring smaller organizations.

Limited awareness and competence in LiDAR data collection, processing, and interpretation, hindering adoption.

Competition from alternative remote sensing technologies like photogrammetry, satellite imagery, and unmanned aerial vehicles, which are less expensive or more accessible for certain applications.

Market Geographical Share:

Saudi Arabia is the largest region, holding over 15% of the Middle East and North Africa Lidar Market in 2023, driven by investments in defense, security, and infrastructure technology.

For instance, in March 2020, the Saudi Authority for Industrial Cities and Technology Zones signed a land-lease contract with INTRA Defence technology for unmanned aircraft systems development.

Qatar is expected to witness the highest growth, covering over 10% of the market, due to major infrastructure projects like transit networks and smart city programs.

A notable project was the "Supply and Installation of LIDAR System at HIA" completed by Bayanat Engineering Qatar in November 2023, in collaboration with Vaisala for the Qatar Meteorology Department.

Other countries covered include UAE, Oman, Bahrain, Qatar, Kuwait, Egypt, Iran, Iraq, Israel, and the rest of the Middle East and North Africa.

Market Segments:

By Component

  • Laser Scanners
  • Navigation
  • MEMS
  • GPS GNSS Receiver
  • Camera
  • Others

By Product

  • Aerial
  • Terrestrial
  • Mobile
  • Short Range
  • Others

By Type

  • Solid State
  • Pure Play
  • Mechanical

By Application

  • Corridor Mapping
  • Engineering
  • Environment
  • ADAS & Driverless Cars
  • Exploration
  • Others

By End-User

  • Aerospace and Defense
  • Oil & Gas
  • Archaeology
  • Forestry & Agriculture
  • Mining
  • Automotive and Commercial Transportation
  • Others

Market Key Players:

Key players are Leica Geosystems Ag, Neptec Technologies Corp, Innoviz Technologies Ltd, SICK AG, Trimble Inc, Faro Technologies Inc., Lightware LiDAR, Falcon-3D, Mena 3D, Globalscan Technologies LLC.

Latest Developments:

PR Enhancement-Vaisala announced improvements to WindCube Lidar (January 2023) including new design attributes and measurement capabilities for adverse weather conditions.

Leica Geosystems established a partnership with Airbus (November 2021) to incorporate two Leica Chiroptera 4X bathymetric LiDAR sensors into the C295 MSA for detecting submerged objects.

RIEGL launched the RIEGL VMX-RAIL mobile LiDAR (April 2020) a triple scanner configuration for integration into railcars for track mapping.

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Key Highlights of Report:

Market Growth: The Middle East and North Africa Lidar Market is projected to grow at a CAGR of 15.6% during 2024-2031.

Saudi Arabia Leadership: Saudi Arabia holds the largest market share, driven by key players like Leica Geosystems and strong infrastructure investments.

Oil & Gas Dominate: The oil & gas segment holds the largest share, fueled by refinery projects and exploration needs.

Applications in Exploration: The market is segmented into corridor mapping, engineering, and others, with exploration leading due to mining demands.

Technological Advancements: Innovations like AI-integrated LiDAR enhance efficiency in mapping and monitoring.

COVID-19 Impact: The pandemic boosted market growth by increasing the use of remote surveying technologies.

Conclusion:

The Middle East and North Africa Lidar Market concludes with promising growth, driven by infrastructure innovations addressing mapping and monitoring needs, ensuring efficient development across the region.

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