LiDAR Market Size, Share, Industry Report, Revenue and Forecast 2024-2032
IMARC Group, a leading market research company, has recently releases report titled “ LiDAR Market Report by Installation Type (Airborne, Terrestrial), Component (Laser Scanners, Navigation Systems, Global Positioning Systems, and Others), Application (Corridor Mapping, Engineering, Environment, Exploration, ADAS, and Others), and Region 2024-2032 ”, Offers a comprehensive analysis of the industry, which comprises insights on the market. How Big is the LiDAR Market? The global LiDAR market size reached US$ 2.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 12.3 Billion by 2032, exhibiting a growth rate (CAGR) of 18.4% during 2024-2032. Industry Overview of LiDAR Light detection and ranging (LiDAR) represents a remote sensing technology that utilizes laser light to measure distances and create precise 3D models of the environment. It usually comprises a scanner, laser, and specialized GPS receiver that operate by targeting an object with a puls...