Light Detection and Ranging (LiDAR) Market, 2023-2026

The global market for light detection and ranging (LiDAR) market was valued at USD 1.32 billion in 2018 and is projected to reach USD 6.71 billion by 2026, reflecting a remarkable compound annual growth rate (CAGR) of 22.7% during the forecast period. LiDAR finds diverse applications across various fields, such as geomorphology, atmospheric physics, archaeology, geomatics, airborne laser swath mapping, and more.

This information has been furnished by Fortune Business Insights™ in its research report, titled “Light Detection and Ranging (LiDAR) Market, 2019-2026”.

Segments:

Solid-State LiDAR to Register Substantial Growth Owing to Flexibility of Deployment Across Various Sectors

Based on type, the market is categorized into solid-state and mechanical LiDAR systems. Of these, the solid-state LiDAR segment is anticipated to record a commendable CAGR over the estimated period. The solution does not need any moving parts for functioning and is fabricated on a silicon chip, which favors its adoption across various sectors. Based on region, the industry is fragmented into Europe, Asia Pacific, North America, Latin America, and the Middle East & Africa.

List of Key Players Mentioned in the Report:

Teledyne Technologies
FARO Technologies, Inc.
SICK AG
Beijing SureStar Technology Co. Ltd.
Trimble Inc.
YellowScan
HEXAGON
RIEGL Laser Measurement Systems GmbH

Browse Detailed Summary of Research Report with TOC:

https://www.fortunebusinessinsights.com/light-detection-and-ranging-lidar-market-101969