Light Detection And Ranging (LiDAR) Market 2025-2029
The light detection and ranging (LiDAR) market is forecasted to grow by USD 8225.8 mn during 2024-2029, accelerating at a CAGR of 29.1% during the forecast period. The report on the light detection and ranging (LiDAR) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by expanding application areas of lidar technology, increased adoption of lidar in automotive applications, and growing demand for lidar solutions from wind powerplants.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's light detection and ranging (LiDAR) market is segmented as below:
By Application
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