The global LiDAR market was valued at USD 1620.89 million in 2020 and is expected to reach USD 7357.63 million by 2026, recording a CAGR of 29.55% over the forecast period of 2021 - 2026 (henceforth, referred to as the forecast period).
increasing investment in Lidar startups by Automotive players, technological shift with adoption of Lidar in solid state, MEMS, Flash Lidar, and development of better geospatial solutions using sensor fusion provides significant opportunities.
Technology readiness, competitive intensity, regulatory compliance, disruption potential, trends, forecasts and strategic implications for the global LiDAR by installation technology, application, and region.
Trends, opportunities and forecast in LiDAR market to 2024 by LiDAR type (mechanical LiDAR and solid-state LiDAR), installation (airborne and ground-based), range , component , service , application, and region.
The global LIDAR Market is expected to reach USD 1.44 billion by the end of 2022 with 21 % CAGR during forecast period 2018-2022. Global LIDAR Market, By Type (Terrestrial, Airborne), By Component, By Application