• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

FindBiometrics

FindBiometrics

Global Identity Management

  • Biometrics
    • What are Biometrics?
    • FAQ
    • Biometric Associations
    • Companies
    • Premier Partners
  • News
    • Featured Articles
    • Interviews
    • Thought Leadership
    • Podcasts
    • Webinars
    • Year in Review
  • Applications
    • Biometric Security
    • Border Control and Airport Biometrics
    • Consumer and Residential Biometrics
    • Financial Biometrics
    • Fingerprint & Biometric Locks
    • Healthcare Biometrics
    • Justice and Law Enforcement Biometrics
    • Logical Access Control Biometrics
    • Mobile Biometrics
    • Other Biometric Applications
    • Physical Access Control Biometrics
    • Biometric Time and Attendance
  • Solutions
    • Behavioral Biometrics
    • Biometric Sensors and Detectors
    • Facial Recognition
    • Biometric Fingerprint Readers
    • Hand Readers & Finger Scanners
    • Iris Recognition
    • Biometric Middleware and Software
    • Multimodal Biometrics
    • Physiological Biometrics
    • Smart Cards
    • Vein Recognition
    • Voice and Speech Recognition
  • Stocks
  • Events
  • Companies
  • Podcasts

LiDAR Tech to See Growth in Smart Cities, Security, Industry: Report

November 5, 2021

ABI Research is advising LiDAR developers to focus on non-automotive use cases in the immediate future. Self-driving vehicles are still expected to be one of the primary applications of LiDAR technology in the long-term, but that market will take several years to reach maturity, so smart city and industrial applications will offer more opportunities in the next few years.

LiDAR Tech to See Growth in Smart Cities, Security, Industry: Report

In that regard, ABI is predicting that there will be 16 million LiDAR sensors in circulation in smart city, security, and industrial verticals by 2030. There will be another 13 million sensors installed in cars in that same time frame, but much of that activity is expected to come in the second half of the decade.

LiDAR technology is appealing because it offers better range, reliability, and resolution than more conventional surveillance options like cameras, radar, and infrared sensors. That’s especially true in large outdoor environments where administrators need to track the movements of people and objects in an open space. For example, city planners can install LiDAR technology at intersections to make roads safer and improve the flow of pedestrian and vehicular traffic, while retail establishments can use it to enforce occupancy limits and gather customer data. Such technology can make public spaces safer during the pandemic, while the data can produce efficiency gains and enable a better overall customer experience.

On the security front, LiDAR can be used in surveillance operations at borders, and for access control and perimeter defense at data centers, power plants, and offices, amongst other facilities. In those cases, LiDAR can be deployed alongside other biometric sensors to provide an additional layer of security.

Finally, LiDAR can also help automate operations in the industrial sector. Robots with LiDAR sensors will be able to carry out more complex tasks and navigate more diverse environments, which will in turn make those facilities safer and more productive. 

“These IoT markets have less concentrated ecosystems representing both much larger addressable markets in terms of the number of potential buyers and more promising profit margins compared with automotive,” said ABI End Markets and Verticals VP Dominique Bonte.

According to Bonte, solid-state LiDAR sensors will help reduce the price of the technology and fuel the further expansion of the market. The number of key players is expected to drop from more than 100 to between 10 and 20 as the market matures. VCSEL developer Seoul Viosys expects that market to hit $2.7 billion in the next five years, while SiLC has raised $17 million in Series A funding and Ouster raised $42 million in a Series B round. 

–

(Originally posted on Mobile ID World)

Related News

  • Forecast Highlights Retail Applications in $98.47 Billion Image Recognition MarketForecast Highlights Retail Applications in $98.47 Billion Image Recognition Market
  • AMR Forecasts $41.11 Billion Computer Vision MarketAMR Forecasts $41.11 Billion Computer Vision Market
  • VIDEO: Alcatraz AI’s Blaine Frederick on Providing Biometric Access to the LA Football Club [ISC West]VIDEO: Alcatraz AI’s Blaine Frederick on Providing Biometric Access to the LA Football Club [ISC West]
  • Electronic Access Control Market to See Solid Growth Over Next Decade: ReportElectronic Access Control Market to See Solid Growth Over Next Decade: Report
  • Fact.MR: Biometrics to Fuel Steady Growth in Physical Access Control MarketFact.MR: Biometrics to Fuel Steady Growth in Physical Access Control Market
  • 2020 Biometric Device Market to See Significant Revenue Hit Due to COVID-19: ABI Report2020 Biometric Device Market to See Significant Revenue Hit Due to COVID-19: ABI Report

Filed Under: News Tagged With: ABI Research, Access Control, artificial intelligence, autonomous vehicles, Biometric, biometrics, border control, computer vision, LiDAR, market forecasts, market reports

Primary Sidebar

Want To Deploy Biometric Access? Download This First:

The resources in this bundle will give you the know-how to choose the right biometric access for your organization.

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

TECH5 logo

TECH5 is an international technology company founded by experts from the biometrics industry, which focuses on developing disruptive biometric and digital ID solutions through the application of AI and Machine Learning technologies.

TECH5 target markets include both Government and Private sectors with products powering Civil ID, Digital ID, as well as authentication solutions that deliver identity assurance for various use cases. 

Learn more: www.tech5.ai

With its secunet border gears product portfolio and specialised consulting expertise, secunet supports police forces and security authorities in their sovereign tasks. Whether ABC gates, self-service kiosks or biometric middleware – each component helps to strengthen identity protection and to accelerate verification – in mobile and stationary scenarios.

Mobile ID World Logo

Mobile ID World is here to bring you the latest in mobile authentication solutions and application providers. Our company is dedicated to providing users with the best content and cutting edge information on technology, news, and mobile solutions for your mobile identity management needs.

Recent Posts

  • Facial Recognition in Policing, COVID Screening, and Consumer Tech: Identity News Digest
  • Police Biometrics, a Data Breach, and Card-focused Partnerships – Identity News Digest
  • Catch Up: The Latest Developments in Biometric Privacy Regulations
  • Highlighting Biometric Security, NC DMV Head Pushes for Mobile Driver’s License
  • NY Attorney General Takes Aim at Madison Square Garden: Identity News Digest

Biometric Associations

IBIA and fido

Tweets

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 FindBiometrics