Global Physical Security Market for LiDAR Sensors to Exceed $6 Billion by 2030
Enhancing physical security, especially perimeter intrusion detection (PID) at critical infrastructure sites like airports, data centers, warehouses, and utilities, is increasingly crucial due to growing threats such as theft, protests, sabotage, terrorism, and war. In its latest whitepaper, Quanergy 3D LiDAR Solutions Redefining the Physical Security of Critical Infrastructure, global technology intelligence firm ABI Research forecasts the worldwide physical security market for LiDAR sensors will surpass 3 million total installations by 2030, with water infrastructure leading the segment. The yearly revenue opportunity will exceed US$6 billion in 2030.
“Physical security, specifically PID, encompasses controlling access for both individuals and vehicles into secured areas, as well as preventing objects from being thrown or passed across perimeter boundaries. Moreover, physical breaches often precede cyberattacks, underscoring the importance of intrusion detection in combating cyberthreats,” explains Dominique Bonte, Vice President, End markets, at ABI Research.
Current security solutions relying on cameras and/or radar struggle to effectively detect and track intruders, and produce numerous false alerts, leading to higher operating costs and alarm fatigue. These legacy two-dimensional (2D) technologies lack accuracy and perform poorly in low light and adverse weather conditions, resulting in missed events, increased liabilities, and high cost of ownership.
According to Bonte, “Three-dimensional (3D) LiDAR offers robust, reliable, and high-precision detection and tracking employing mesh architecture at an overall lower total cost of ownership (TCO), allowing security personnel and critical infrastructure to increase the effectiveness, while reducing the cost associated with manned guard services.”
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