Auto Grade LiDAR Scanner Market Insights Video

According to Cognitive Market Research, the global auto grade LiDAR scanner market size was USD 569.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 41.20% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 227.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 39.4% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 170.88 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 131.01 million in 2024 and will grow at a compound annual growth rate (CAGR) of 43.2% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 28.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 40.6% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 11.39 million in 2024 and will grow at a compound annual growth rate (CAGR) of 40.9% from 2024 to 2031.
• The mechanical LiDAR held the highest auto grade LiDAR scanner market revenue share in 2024.