SAN FRANCISCO, May 31, 2022 /PRNewswire/ The global LiDAR market size is expected to reach USD 4.71 billion by 2030, registering a CAGR of 9.8% during the forecast period, according to a
(MENAFN - Comserve) Shibuya-ku, Tokyo, Japan, Japan, Feb 19, 2021, 08:15 /Comserve / The report offers overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
The global LiDAR market was valued at USD 1326.01 million in 2019 and is expected to reach USD 1620.89 million by 2025, recording a CAGR of 29.55% over the forecast period of 2020-2025 (henceforth, referred to as the forecast period).
Over the years, advancements in LiDAR mapping systems and their enabling technologies penetrated into different verticals, like aerospace and defense, corridor mapping and topographical survey, automotive, mining, oil and gas, and other verticals, which are increasing the market scope of the lidar market.