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Top 10 LiDAR Manufacturers in World

Top 10 LiDAR Manufacturers in World
The LiDAR market in 2018 was valued between USD 1.30 to USD 1.35 billion which could reach USD 5.5 billion by 2024. 
Consumption of LiDARs are mainly dominated by Automotive sectors, especially the recent pool of investment flowed-in self-driving/autonomous cars has increased the demand three-fold and it is expected that Automotive LiDAR alone generates USD 2.5 billion in revenue by 2025.
The top 10 LiDAR Manufacturers in World are:
  1. Hexagon AB
  2. Velodyne Lidar Inc. 
  3. Sick AG
  4. Topcon Positioning Systems, Inc. 
  5. Trimble Inc. (Geospatial)
  6. RIEGL Laser Measurement Systems GmbH 
  7. Teledyne Optech 
  8. Leosphere
  9. Waymo LLC 
  10. Valeo S.A. 
Competition is becoming more and more intense with new product launch and a lot of new announcements and takeovers are happening around the world. For instance, Lumotive, the Bill Gates-funded startup developing a LiDAR system for autonomous vehicles, has introduced a disruptive beam-steering technology that aims to significantly improve the performance, reliability, and cost of lidar systems for the emerging self-driving car industry. Initially targeting the robotaxi market.

Alphabet Inc. funded Waymo also started manufacturing its own LiDAR sensors in 2017, which could bring the unit price down from USD 75,000 for an off-the-shelf LiDAR sensor to just USD 7,500, which could create unprecedented disruption in the market.
Global Leaders in LiDAR Market

1. Hexagon AB

Hexagon’s Geosystems division is a market leader in information technologies, offering a unique geospatial and industrial solution-centric product. Hexagon is a market leader in autonomous connected ecosystems (ACE) solution. Hexagon’s Smart X solutions combine sensors and software to move customers beyond the data impasse of IoT, so that they can leverage the vast potential of data being generated by connected things. In 2005 Hexagon acquired Switzerland based Leica Geosystems which manufactures products and systems for surveying and geographical measurement (geomatics). Leica Geosystems is known for premium products and innovative solution development, professionals in a diverse mix of industries, such as aerospace and defence, safety and security, construction, and manufacturing, trust Leica Geosystems for all their geospatial needs. 
Major Operating Segments :
• Production – manufacturing, power & energy, mining, and agriculture
• Autonomous – autonomous transport and unmanned aerial/ground/marine vehicles
• Urban – construction, infrastructure management, and public safety
Company's operating net sales increased by 8 percent to EUR 3,760.7 million from EUR 3,470.5 million. Using fixed exchange rates and a comparable group structure (organic growth), net sales increased by 8 percent.

2. Velodyne Lidar Inc.

Velodyne LiDAR Inc. is a U.S. based LiDAR technology company spun off from Velodyne Acoustics. Velodyne leads the industry in research, development, and manufacturing of high-quality, real-time 3D LiDAR sensors. Velodyne operates from five facilities globally with over 500 employees and revenue in excess of USD 175M per year. Velodyne’s Founder and CEO, David Hall, invented real-time surround view LiDAR systems, transforming the perception and autonomy for automotive, new mobility, mapping, robotics, and security. Velodyne’s high-performance product line includes a broad range of sensing solutions, including the cost-effective Puck™, the versatile Ultra Puck™, the perfect for L4-L5 autonomy Alpha Puck™, the ultra-wide angle VelaDome™, the ADAS-optimized Velarray™, and the ground-breaking software for driver assistance, Vella™.
According to the latest press release, Velodyne confirms that it has shipped a cumulative total of 30,000 LiDAR sensors with a total value of half a billion dollars. This achievement strengthens the Velodyne’s LiDAR market leadership and ability to deliver a broad portfolio of LiDAR sensor products at mass production levels.

3 .Sick AG

Sick AG, based in Waldkirch (Breisgau), Germany, is a global manufacturer of sensors and sensor solutions for industrial applications. The company offers 3D LiDAR sensors (3D laser scanners as well) detect environment nearly gap-free, regardless of whether the objects move or not. 3D LiDAR sensors are ideally suited for tasks such as collision protection on automated vehicles or the scanning of objects. In 2018, Sick launched LMS1000 and MRS1000 infrared LiDAR sensors, which raised the bar in high-precision, reliable distance sensing and ranging. Group revenue of Sick in 2017 was EURO 1.5 billion.

4. Topcon Positioning Systems, Inc.

Topcon Positioning Systems, Inc. operates as a subsidiary of Topcon Corporation. Topcon Positioning Systems, Inc. designs, manufactures and distributes precise positioning products and solutions for surveying, construction, agriculture, civil engineering, BIM, mapping and geographic information system (GIS), asset management, and mobile control markets. Topcon Corporation’s global sales for FY 2017 was YEN 145.6 billion.

5. Trimble Inc. (Geospatial)

Trimble Inc., a Delaware corporation, is a leading provider of technology solutions that enable professionals and field mobile workers to improve or transform their work processes. Company's comprehensive work process solutions are used across a range of industries including agriculture, architecture, civil engineering, survey and land administration, construction, geospatial, government, natural resources, transportation, and utilities. The Geospatial segment primarily serves customers working in surveying, engineering, and government. Within this segment, our most substantial product portfolios are focused on surveying and geospatial, and geographic information systems (GIS). Geospatial Company sells and distributes their products in the Geospatial segment primarily through a global network of independent dealers and business partners supported by Trimble personnel. 
The Trimble® TX6 and TX8 3D laser scanners are changing the way the industry looks at 3D. Both capture high-quality scans at exceptionally high speeds as they deliver superior accuracy and range. The overall revenue of the group for FY 2018 was USD 3.108 Bn.

6. RIEGL Laser Measurement Systems GmbH

RIEGL Laser Measurement Systems GmbH was founded in 1978 and is based in Horn, Austria with additional offices in Vienna, Salzburg, and Styria, Austria, as well as in the United States, Japan, and China. Company has 30 years’ experience in the research, development, and production of laser rangefinders, distance meters and scanners RIEGL delivers proven innovations in 3D. Dedicated to designing, developing, and producing the best possible laser sensors for the desired application in order to perfectly fulfill the given measurement task and therefore fully satisfy the customer's expectations worldwide. Based on innovative Waveform-LiDAR technology RIEGL laser scanners provide an outstanding high-density point cloud ideally suited for forestry assessment and analysis.

7.  Teledyne Optech

Teledyne Optech has been a world leader in the design, development, and manufacture of advanced LiDAR instruments for 40 years. Formed in 1974 under the name Optech, the company has become a global leader and is now owned by Teledyne Technologies Inc. Teledyne Optech is headquartered in Toronto, Canada, with offices in the USA, Europe, and China and representatives worldwide.
Company's Digital Imaging segment provides LiDAR systems for airborne terrestrial mapping, mobile mapping, bathymetry, and laser-based 3D imaging applications through our Optech business. These imaging and mapping systems are used by commercial and government customers serving energy, natural resources, and infrastructure applications. The company also provides geospatial software designed for the hydrographic and marine community. The overall revenue of the group for FY 2018 was USD 2.901 billion.

8.  Leosphere

Leosphere was founded in 2004, is the world leader in ground-based and wind turbine-nacelle mounted LiDAR (Light Detection and Ranging) equipment for atmospheric observation, based in France. The company designs, develops, manufactures, sells and services turnkey remote-sensing instruments for wind measurement and aerosol characterization. Later in 2018 was acquired by a Finnish company Vaisala Oyj for a purchase price (cash and debt free) of EUR 38 million. Vaisala's net sales for FY 2018 was EUR 348.8 million.

9. Waymo LLC

Waymo LLC is an autonomous-driving technology development company based in the U.S. It is a subsidiary of Alphabet Inc. Waymo originated as a project of Google before it became a stand-alone subsidiary in December 2016. It is expected that the Alphabet’s self-driving car unit could book $114 billion in revenue in 2030. Company will soon begin selling its LIDAR sensors to customers who won’t compete with its robot taxi business. Waymo first started manufacturing its indigenous LiDAR sensors in early 2017 which dramatically reduce the costs of its autonomous vehicle business.
According to a CNBC report, UBS estimated Waymo’s total value between $25 and $135 billion, while Morgan Stanley valued Waymo at $45 billion in August 2018.

10. Valeo S.A.

Valeo is a French global automotive supplier headquartered in France. The company developed the Valeo SCALA™ laser scanner, the world’s first LiDAR device certified for mass automotive production. The company has tested the first autonomous car on the busy roads of the French capital: Valeo Drive4U®. Valeo Drive4U® car using only sensors that are already series-produced (ultrasonic, cameras, lasers, radars, and LiDARs) and artificial intelligence. The Valeo’s SCALA® laser scanner is the first laser scanner for automotive volume production. This technology is a key enabler for highly automated driving thanks to its unique combination of a large detection range, wide field of view and accuracy. Company's strategy is focused on innovation and development in high-growth potential regions and emerging countries. In 2018, Valeo's sales rose 4% to EURO 19.3 billion.
Major advances in sensor development are driving technological progress in autonomous vehicles and advanced driving assistance systems. Its innovations make Valeo a preferred partner in this area, for both its traditional automotive customers and for new players in the field of mobility solutions. In 2018, 1 billion euros in order intake related to robotaxis.
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