How big is the Latin America LiDAR Market?

The Latin America LiDAR Market size is expected to reach USD 1.48 billion in 2024 and grow at a CAGR of 9.26% to reach USD 2.29 billion by 2029. Read More

What is the current Latin America LiDAR Market size?

In 2024, the Latin America LiDAR Market size is expected to reach USD 1.48 billion. Read More

Who are the key players in Latin America LiDAR Market?

Leica Geosystems Ag , Neptec Technologies Corp, Sick Ag, Jenoptik Ag and Velodyne Lidar Inc. are the major companies operating in the Latin America LiDAR Market. Read More

What years does this Latin America LiDAR Market cover, and what was the market size in 2023?

In 2023, the Latin America LiDAR Market size was estimated at USD 1.35 billion. The report covers the Latin America LiDAR Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Latin America LiDAR Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Latin America LiDAR Market - Size, Share & Industry Analysis

Latin America LiDAR Industry Overview

The Latin America LiDAR is highly competitive owing to the presence of many players within this region. The major vendors in this region are focusing on strategic partnerships and acquisition strategies to create a unique differentiation from its other competitors. The major vendors in this market are Jenoptik Ag, Sick Ag, Velodyne Lidar Inc, etc.

July 2020: Jenoptik completed its acquisition on Trioptics, which is a high-growth photonics company. According to this company this acquisition will not only increase the overall product portfolio of this company but also expands its overall customer base in the European region.
March 2020: Velodyne Lidar Inc. announced a multi-year sales agreement with NAVYA, a leading company in autonomous driving systems. NAVYA plans to pursue the worldwide expansion of its shuttle with Velodyne's state-of-the-art sensors for precise real-time localization and object detection.