LiDAR Market Size, Share & Growth
Gmi Research25 Nov, 2022Technology
Lidar Market was valued at USD 1.8 billion in 2021 and is estimated to grow at a CAGR of 20.1% over the period, 2022-2028 and is projected to reach USD 7.8 billion in 2029. The factors driving the growth of Lidar Market includes commercialization of drones, increasing adoption of LiDAR systems in Unmanned Ariel Vehicles (UAV), rising application of Textured 3D imagery in 3D mapping and city planning and growing focus on installing advanced safety features.
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