In 2024, General Motors produced earnings before interests and taxes of around 14.9 billion U.S. dollars, up from some 12.4 billion U.S. dollars in 2023. Throughout 2023, GM's activities were affected by strikes at its U.S. assembly plants.

Net income attributable to General Motors Company common shareholders stood at roughly *** billion U.S. dollars in 2024. This was a decline of some **** percent year-over-year. GM sold its European Opel and Vauxhall brands to PSA in 2017, but remains a collection of some of America's most popular automotive brands, including Chevrolet, Cadillac, GMC, and Buick.

In 2024, General Motors sold six million vehicles. This compares to around 6.2 million units in 2023, representing a decline of around 3.04 percent year-over-year. Turbulent past years still impact GM GM’s brands include Chevrolet, GMC, Buick, and Cadillac, the first two of which were ranked within the top-eleven automobile manufacturers based on U.S. vehicle sales in the fourth quarter of 2023. Figures revealed a significant industry-wide stagnation two years earlier, in 2021, with industry sales increasing by under two percent compared to 2020. Sales had started to rebound in the fourth quarter of 2020, but the global chip shortage further impacted the sector in 2021, shrinking vehicle production and inventory. These automotive supply chain issues were exacerbated in 2022, amid Russia's invasion of Ukraine. In 2023, General Motors had to contend with the United Auto Workers strike. This strike led to an estimated 4.35 billion U.S. dollars in losses for the Detroit Three manufacturers (General Motors, Stellantis, and Ford), and contributed to shaping GM's year. GM accelerates future-proof innovations With Tesla infamously driving innovation in the field of electric vehicles (EV), General Motors, along with other incumbent car manufacturers, are set to join the fiercely competitive U.S. electric vehicle industry. In 2024, Tesla sold around 633,800 battery-electric vehicle units in the U.S. market. General Motors, however, plans to invest around 20 billion U.S. dollars in its EV product portfolio, including SUVs and pickups, by 2025. As of 2024, General Motors Company is also exploring artificial intelligence technology. To that end, GM partnered with Google in August 2023.

The United States was the largest single target market for General Motors in 2023. During that fiscal year, the Detroit company and its associations sold some 2.1 million motor vehicles to customers in China, the world’s largest automobile market. Overall, GM’s dealers, distributors, and joint ventures reported vehicle sales of some 6.2 million units, almost 4.7 million of which occurred in China and the United States.  Ownership cap China began to deregulate its automotive sector in the mid-1990s but prohibited foreign firms from owning more than 50 percent of stakes in joint ventures. General Motors joined forces with Shanghai-based SAIC on June 12, 1997. The SAIC Motor Corporation, which is also involved in a partnership with Volkswagen, was the leading automobile manufacturer in China in 2021 with car sales of nearly 2.8 million units. Currently, the SAIC-GM joint venture sells vehicles under the Buick, Chevrolet, and Cadillac brands. General Motors also sells commercial vehicles in collaboration with the Changchun-headquartered automotive manufacturing company FAW Group Corporation.

Gambia GM: GDP: USD: Net Income from Abroad data was reported at -27.990 USD mn in 2017. This records a decrease from the previous number of -27.753 USD mn for 2016. Gambia GM: GDP: USD: Net Income from Abroad data is updated yearly, averaging -18.928 USD mn from Dec 1971 (Median) to 2017, with 47 observations. The data reached an all-time high of 29.850 USD mn in 1987 and a record low of -32.948 USD mn in 2002. Gambia GM: GDP: USD: Net Income from Abroad data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Gambia – Table GM.World Bank: Gross Domestic Product: Nominal. Net income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ownership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

The operating profit of General Motors Co with headquarters in the United States amounted to ***** billion U.S. dollars in 2024. The reported fiscal year ends on December 31.Compared to the earliest depicted value from 2020 this is a total increase by approximately **** billion U.S. dollars. The trend from 2020 to 2024 shows, however, that this increase did not happen continuously.

Gambia GM: GDP: USD: Gross National Income: Atlas Method data was reported at 946.899 USD mn in 2017. This records an increase from the previous number of 880.508 USD mn for 2016. Gambia GM: GDP: USD: Gross National Income: Atlas Method data is updated yearly, averaging 555.701 USD mn from Dec 1968 (Median) to 2017, with 50 observations. The data reached an all-time high of 977.538 USD mn in 2010 and a record low of 48.347 USD mn in 1969. Gambia GM: GDP: USD: Gross National Income: Atlas Method data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Gambia – Table GM.World Bank.WDI: Gross Domestic Product: Nominal. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;

Gambia GM: GDP: USD: Gross National Income data was reported at 986.632 USD mn in 2017. This records an increase from the previous number of 935.041 USD mn for 2016. Gambia GM: GDP: USD: Gross National Income data is updated yearly, averaging 504.805 USD mn from Dec 1966 (Median) to 2017, with 52 observations. The data reached an all-time high of 986.632 USD mn in 2017 and a record low of 41.161 USD mn in 1968. Gambia GM: GDP: USD: Gross National Income data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Gambia – Table GM.World Bank: Gross Domestic Product: Nominal. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;

Gambia GM: BOP: Current Account: Secondary Income: Net data was reported at 162.941 USD mn in 2016. This records an increase from the previous number of 123.980 USD mn for 2015. Gambia GM: BOP: Current Account: Secondary Income: Net data is updated yearly, averaging 51.326 USD mn from Dec 1978 (Median) to 2016, with 34 observations. The data reached an all-time high of 162.941 USD mn in 2016 and a record low of 12.229 USD mn in 1984. Gambia GM: BOP: Current Account: Secondary Income: Net data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Gambia – Table GM.World Bank.WDI: Balance of Payments: Current Account. Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; ; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Market Research Intellect's Non-GM Corn Starch Market Report highlights a valuation of USD 5.3 billion in 2024 and anticipates growth to USD 8.2 billion by 2033, with a CAGR of 5.2% from 2026-2033.Explore insights on demand dynamics, innovation pipelines, and competitive landscapes.

According to Cognitive Market Research, the Global Dicamba Herbicide Market Size was USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031.

Based on Crop type, the Cereals & grains segment dominated the global Dicamba Herbicide market. Based on crop type, the market is divided into Cereals & grains, oilseeds & pulses pastures & forage crops and others, including sugarcane, tea, coffee, fruits and vegetables
Based on Formulation, the Acid segment dominated the global Dicamba Herbicide market. Based on Formulation, the global Dicamba Herbicide market is segmented into Acid, Salt
The North American region accounted for the highest market share in the Global Dicamba Herbicide Market. 
Over the course of the projection period, Europe is expected to increase at the fastest rate.

CURRENT SCENARIO OF THE DICAMBA HERBICIDE MARKET

Key factors driving the growth of the Dicamba Herbicide Market

Rapid Shift Towards Genetically Modified Crops to contribute towards market growth

The demand for Dicamba Herbicide is expected to rise as a result of the global move towards genetically modified (GM) crops. In order to maintain food security and increase crop productivity, there is an increasing demand as the world's population continues to expand quickly. Genetically modified crops (GM) have shown promise in mitigating these issues because of their unique resistance to pests and extreme weather. In this case, dicamba herbicide is quite important. It is a vital tool for farmers since it can eradicate broadleaf weeds selectively without harming genetically modified crops. This focused strategy reduces the negative effects on the surrounding environment while simultaneously aiding in the control of weeds. The herbicide's advantage over other herbicides in terms of crop damage is another factor that makes it popular among farmers and agricultural professionals.

In 2019, the largest area of GM crops was possessed by soybean 48%, GM maize occupied an area of 60.9 million hectares globally, around 32% of the global maize production (Source:https://www.frontiersin.org/journals/plant science/articles/10.3389/fpls.2022.1027828/full)

Moreover, crops that are resistant to Dicamba have been created as a result of biotechnology breakthroughs, which has increased demand for this herbicide. Farmers can efficiently battle weed growth and increase agricultural yields and productivity by integrating genetic changes that confer Dicamba resistance to their crops. The demand for Dicamba Herbicide is anticipated to increase significantly in areas like Asia Pacific and South America where agriculture plays a large economic role. Since agriculture is a major source of employment and revenue in these areas, the acceptance of genetically modified crops and related herbicides is essential to the viability of their agricultural industry. The quick uptake of GM crops is therefore expected to drive a global rise in demand for Dicamba Herbicide in light of these factors and the growing need for sustainable agriculture methods. The role of GM crops and supporting herbicides like Dicamba becomes ever more crucial in guaranteeing global food security and sustainable agriculture as the globe struggles to fulfil the growing demand for food.

Increasing use of dicamba to control the growth of weeds is one of the key factors driving the growth of the global dicamba herbicide market

It is predicted that the need for alternative treatments like Dicamba herbicide would increase due to weeds' growing resistance to conventional herbicides on a worldwide scale. Farmers and agriculturists around the world are facing decreasing crop yields due to weeds that are evolving and becoming resistant to traditional herbicides. This calls for the application of more effective weed control techniques. The selective pesticide dicamba has shown promising results in controlling a variety of broadleaf weeds that have grown resistant to conventional methods. Because of its distinct mechanism of action, which slows plant development, farmers prefer using it. Furthermore, there will probably be a greater need for herbicides like Dicamba as a result of the growing world population and the ensuing need for increased agricultural output. Such cutting-edge herbicides are crucial for achieving sustainable agricultural practi...

General Motors generated some 187.4 billion U.S. dollars in revenue during the 2024 fiscal year, a rise of 9.1 percent year-on-year. Revenue from GM's automotive segments increased by 8.8 percent overall but dropped by 12.9 percent in markets outside North America. The fiscal year end of the company is December, 31st. Financial performance recovers  2023 was an eventful year for General Motors. The automaker had to contend with the United Auto Workers strike. This strike led to an estimated 4.35 billion U.S. dollars in losses for the Detroit Three manufacturers (General Motors, Stellantis, and Ford), and contributed to shaping GM's year. The company's adjusted earnings before interest and taxes decreased year-over-year, despite growing global vehicle sales boosted by the manufacturer's North American success. GM's 2024 fiscal year yielded better results.

Gambia GM: BOP: Current Account: Secondary Income: Other Sectors: Payments data was reported at 33.743 USD mn in 2016. This records an increase from the previous number of 15.032 USD mn for 2015. Gambia GM: BOP: Current Account: Secondary Income: Other Sectors: Payments data is updated yearly, averaging 4.822 USD mn from Dec 1978 (Median) to 2016, with 29 observations. The data reached an all-time high of 134.739 USD mn in 2010 and a record low of 0.681 USD mn in 1978. Gambia GM: BOP: Current Account: Secondary Income: Other Sectors: Payments data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Gambia – Table GM.World Bank: Balance of Payments: Current Account. Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Sum; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

According to Cognitive Market Research, the global Commercial Seed market size was USD 62541.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.80% 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 25016.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 18762.36 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 14384.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.8% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 3127.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% 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 1250.82 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.
The Cereals and Grains category is the fastest growing segment of the Commercial Seed industry

Market Dynamics of Commercial Seed Market

Key Drivers for Commercial Seed Market

Increasing food demand requires higher agricultural productivity to Boost Market Growth

The growing global population is leading to increased food demand, putting pressure on agricultural productivity. To meet this rising need, farmers are turning to advanced commercial seeds, such as genetically modified (GM) and hybrid varieties, which offer higher yields and improved resistance to pests, diseases, and environmental stresses. These seeds help optimize land use and boost crop output, making them crucial for enhancing food security. Additionally, the demand for biofuels and animal feed further increases the need for high-quality seeds that can produce abundant and sustainable crops. With limited arable land available and the need to address challenges like climate change, the adoption of efficient, high-performing commercial seeds is becoming essential, driving growth in the global commercial seed market. For instance, Bayer AG introduced its herbicide-tolerant biotech corn variety, Dekalb DK95R, in Banggo village, located in the Manggalewa district of Dompu Regency, West Nusa Tenggara, Indonesia.

Favorable regulations and subsidies for modern agricultural practices to Drive Market Growth

Favorable regulations and government subsidies for modern agricultural practices are key drivers in the commercial seed market. Many governments, particularly in emerging and developed regions, promote the use of advanced seeds, such as genetically modified (GM) and hybrid varieties, to boost agricultural productivity and ensure food security. Subsidies make high-quality seeds more accessible to farmers, encouraging the adoption of new technologies that improve crop yields and resistance to pests, diseases, and environmental stress. Additionally, regulatory frameworks supporting biotechnology innovations, such as GM crops, foster research and development in the seed industry. These initiatives help small-scale farmers transition to modern practices, increase output, and contribute to sustainable agriculture, thereby fueling growth in the commercial seed market.

Restraint Factor for the Commercial Seed Market

High Cost of Genetically Modified (GM) Seeds will Limit Market Growth

The high cost of genetically modified (GM) seeds is a significant restraint in the commercial seed market. GM seeds, engineered to enhance crop yield and resistance to pests and environmental stresses, come with premium pricing due to the advanced research, technology, and regulatory approvals involved in their development. This makes them less accessible, particularly for small and medium-sized farmers in developing regions who may lack the financial resources to invest in costly seeds. Additionally, the recurring cost of purchasing GM seeds each season, as opposed to reusing traditional seeds, further adds to the financial burden on farmers. As a result, despite their benefits, the high cost of GM seeds limits widespread adoption, especially in cost-sensitive agricultural markets, thereby restricting market growth.

Impact of Covid-19 on the Commercial Seed Market

The COVID-19 pandemic significantly ...

According to Cognitive Market Research, the global GMO Crops Seeds market size will be USD 37521.8 million in 2025. It will expand at a compound annual growth rate (CAGR) of 8.00% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 13883.07 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 10881.32 million.
APAC held a market share of around 23% of the global revenue with a market size of USD 9005.23 million in 2025 and will grow at a compound annual growth rate (CAGR) of 10.8% from 2025 to 2033.
South America has a market share of more than 5% of the global revenue with a market size of USD 1425.83 million in 2025 and will grow at a compound annual growth rate (CAGR) of 8.7% from 2025 to 2033.
The Middle East had a market share of around 2% of the global revenue and was estimated at a market size of USD 1500.87 million in 2025 and will grow at a compound annual growth rate (CAGR) of 9.3% from 2025 to 2033.
Africa had a market share of around 1% of the global revenue and was estimated at a market size of USD 825.48 million in 2025 and will grow at a compound annual growth rate (CAGR) of 8.3% from 2025 to 2033.
Corn category is the fastest growing segment of the GMO Crops Seeds industry

Market Dynamics of GMO Crops Seeds Market

Key Drivers for GMO Crops Seeds Market

Rising Technological Advancements in Genetic Engineering to Boost Market Growth

The continuous advancement in genetic engineering technologies is a major driving force behind the growth of the GMO crop seeds market. These innovations allow scientists to create crops with improved traits, such as enhanced resistance to pests, diseases, and adverse weather conditions. Additionally, genetic modifications can result in higher yields, making crops more efficient and sustainable for farmers. As biotechnology continues to evolve, the cost of developing GMO seeds decreases, which, in turn, makes them more accessible to farmers globally. This ongoing development leads to a broader adoption of genetically modified crops, helping meet the global food demand and contributing to the market's expansion. With the increasing focus on food security and the ability of GMO crops to address issues like drought and soil salinity, technological advancements remain a key factor driving the growth of the GMO crop seeds market.

Rising Global Population and Food Demand to Boost Market Growth

The global population continues to grow at an exponential rate, with estimates suggesting it will surpass 9 billion by 2050. This demographic shift leads to a significant increase in food demand, necessitating the development of high-yield crops capable of sustaining large populations. GMO crops have emerged as an essential solution to this problem by offering enhanced resistance to diseases, pests, and environmental stresses, thereby improving agricultural productivity. As conventional farming techniques alone may not be sufficient to meet the growing food demand, the use of genetically modified seeds becomes a viable option for ensuring food security. Furthermore, the ability to cultivate crops that are more nutritious and require fewer resources, such as water and fertilizers, further strengthens the appeal of GMO crops.

Restraint Factor for the GMO Crops Seeds Market

Regulatory and Legal Challenges Will Limit Market Growth

The GMO crop seed market faces significant regulatory and legal hurdles that restrain its growth. Many countries have stringent regulations governing the approval, commercialization, and distribution of genetically modified (GM) seeds. These regulations are often complex and vary by region, creating uncertainty for producers and investors. The approval process for GMO crops can be lengthy, expensive, and subject to political influences. Additionally, public concerns over the safety of GM crops, along with opposition from environmental groups, often result in tighter regulations or outright bans in certain markets. This creates a fragmented market, limiting the expansion of GMO crop seeds in regions where they are not legally approved or are subject to extensive restrictions.

Opportunities for GMO Crops and Seed

The GMO crops and seeds market presents several opp...

According to Cognitive Market Research, the global Soy Protein Ingredients market size was USD 7951.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.80% 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 3180.6 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 2385.4 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1828.8 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.8% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 397.5 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% 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 159.0 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.
The Soy Protein Isolates Type held the highest Soy Protein Ingredients market revenue share in 2024.

Market Dynamics of Soy Protein Ingredients Market

Key Drivers for Soy Protein Ingredients Market

Rising Demand for Plant-Based Protein Products to Increase the Demand Globally

With the growing adoption of vegetarian, vegan, and flexitarian diets, the demand for plant-based protein sources like soy protein is increasing. In Canada, the 2020 landscape included 7.6% of the population (2.89 million individuals) identifying as vegetarians and 4.6% (1.768 million individuals) as vegans. In the U.S., as of 2023, 4.2% of the population (14 million individuals) followed a vegetarian diet, while 1.5% (5 million individuals) were vegans. Health concerns, ethical values, and environmental sustainability are driving people to move away from animal-based products. Soy protein stands out as a preferred choice, being a complete protein that provides all essential amino acids. https://usadatahub.com/wp-content/uploads/2024/02/Global-Trends-in-Vegetarianism_.pdf

Rising Adoption in Food and Beverage Industry to Propel Market Growth

The food and beverage industry is increasingly incorporating soy protein ingredients into a diverse array of products, including meat alternatives, dairy substitutes, snacks, baked goods, and nutritional supplements. Between 2000 and 2020, the global value of food exports grew 3.7 times in nominal terms, rising from around USD 380 billion in 2000 to USD 1.42 trillion in 2020, with significant increases across all food categories. In 2020, fruits and vegetables accounted for 20% of total food export value, followed by cereals and preparations at 14%, with fish and meat each comprising 10-11%. According to the Beverage Marketing Corporation, after reaching over 36 billion gallons in 2022, the total liquid refreshment beverage volume dipped slightly in 2023, while retail sales climbed 7.5% from $229.2 billion in 2022 to $246.4 billion. The versatility of soy protein, along with its ability to improve texture, flavor, and nutritional value, makes it a key ingredient in many product formulations. https://openknowledge.fao.org/server/api/core/bitstreams/0c372c04-8b29-4093-bba6-8674b1d237c7/content https://www.beveragemarketing.com/news-detail.asp?id=786

Restraint Factor for the Soy Protein Ingredients Market

Ban on soy products of GM origin to Limit the Sales

The cultivation of genetically modified (GM) crops is prohibited in developed regions like Europe, where several European Union member states have implemented laws against it. Key countries such as Germany, France, Northern Ireland, and Scotland have enforced these restrictions, impacting the conventional soybean market in these areas and potentially hindering future growth. This restriction is also expected to affect soybean exports from developing nations like Argentina, where GM soybeans are widely cultivated. Scientists have raised concerns about the risks that genetically modified soybeans pose to human health and the environment. As a result, food manufacturers in regions like the US, Canada, Europe, and Japan are increasingly demanding non-GM soybeans. In the Asia-Pacific and Europe, regulations mandate the labeling of genetically modified ingredients on all processed food pa...

Editor’s Choice

• The LiDAR market is experiencing remarkable growth at a CAGR of 22.5%.
• In 2022, the LiDAR market generated USD 1.6 billion in revenue. Which is projected to rise to USD 11.6 billion in 2032.
• In 2022, the total revenue for the LiDAR market was USD 1.6 billion. With airborne LiDAR contributing USD 1 billion. Terrestrial LiDAR accounts for another USD 1 billion, and mobile & UAV LiDAR bring in no revenue.
• Notably, corridor mapping accounts for the largest market share at 34%. Reflecting the technology's crucial role in creating detailed 3D maps for transportation and infrastructure planning.
• The LiDAR market catering to automotive and industrial applications is on the brink of substantial expansion. Its projected growth trajectory will take it from $2.1 billion in 2021 to a robust $6.3 billion by 2027.
• In 2022, the market size for solid-state and flash LiDAR systems amounted to USD 7 million. While mechanical LiDAR systems dominated with a market size of USD 2,225 million, underscoring their established presence.
• Between 2010 and 2019, General Motors led the pack with 103 LiDAR patents published during this period. Underlining their commitment to autonomous vehicle development.

Global LiDAR Market Size Statistics

• The LiDAR market is experiencing remarkable growth at a CAGR of 22.5%, with revenues steadily increasing yearly.
• In 2022, the market generated USD 1.6 billion in revenue, projected to rise to USD 2.0 billion in 2023.
• The trend continues with anticipated revenues of USD 2.3 billion in 2024 and USD 3.0 billion in 2025.
• By 2026, the market is expected to reach USD 3.8 billion, and this growth trajectory remains robust in subsequent years.
• In 2027, LiDAR market revenue is predicted to soar to USD 4.5 billion, followed by USD 5.1 billion in 2028.
• The market is poised for even more significant expansion in the years ahead. With projected revenues of USD 6.3 billion in 2029, and USD 7.5 billion in 2030. A substantial leap to USD 9.2 billion in 2031.
• The most striking growth is anticipated in 2032 when the LiDAR market is expected to reach a staggering USD 11.6 billion. Underscoring the increasing importance of LiDAR technology in various industries.

(Source: Market.us)

LiDAR Market Revenue - by Product Type Statistics

• In 2...

United States Retail Sales: sa: Other General Merchandise Stores (GM) data was reported at 46.739 USD bn in May 2018. This records an increase from the previous number of 46.190 USD bn for Apr 2018. United States Retail Sales: sa: Other General Merchandise Stores (GM) data is updated monthly, averaging 25.131 USD bn from Jan 1992 (Median) to May 2018, with 317 observations. The data reached an all-time high of 46.739 USD bn in May 2018 and a record low of 5.625 USD bn in Mar 1992. United States Retail Sales: sa: Other General Merchandise Stores (GM) data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.H001: Retail Sales: By NAIC System.

In the 2024 fiscal year, General Motors generated around 171.6 billion U.S. dollars in sales and revenue streams from its automotive segment. This figure compares to 157.7 billion U.S. dollars in 2023. The North American region contributed roughly 157.5 billion U.S. dollars to GM's overall automotive revenue, up from some 141.5 billion U.S. dollars one year earlier.

Gambia GM: BoP: Current Account: Primary Income: Credit data was reported at 8.350 USD mn in 2016. This records an increase from the previous number of 3.606 USD mn for 2015. Gambia GM: BoP: Current Account: Primary Income: Credit data is updated yearly, averaging 2.753 USD mn from Dec 1978 (Median) to 2016, with 34 observations. The data reached an all-time high of 9.531 USD mn in 2010 and a record low of -8.685 USD mn in 2007. Gambia GM: BoP: Current Account: Primary Income: Credit data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Gambia – Table GM.IMF.BOP: BPM6: Balance of Payments: Detailed Presentation: Annual.