Enjoy complimentary customisation on priority with our Enterprise License!
The LiDAR market size is forecast to increase by USD 6.62 billion at a CAGR of 28.82% between 2023 and 2028. The market is experiencing significant growth, driven by the expanding application areas of this technology. This advanced sensing technology is increasingly being adopted in various industries, including automotive, forestry, mining, and surveying, among others. In the automotive sector, it is gaining popularity for commercial vehicle ADAS and autonomous vehicles due to its ability to accurately measure distances and create 3D maps of the environment. Increasing adoption of sensors in automotive applications, in addition to geospatial mapping and disaster management applications. Additionally, the growing demand for renewable energy sources, particularly wind power, is driving the adoption of light detection and ranging in wind farm applications for measuring wind speed and direction. These factors, coupled with advancements in this technology and increasing investments in research and development, are expected to fueling market growth in the coming years.
_market_size_abstract_2023_v1.jpg.webp?v4.1.20)
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.