LiDAR Market Size – Industry Analysis, Segmentation and Key Region

The LiDAR (Light Detection and Ranging) market is experiencing significant growth, driven by the rising demand for high-resolution mapping solutions in various industries such as aerospace, transportation, and defense. LiDAR technology utilizes laser sensors to measure distances and create detailed 3D maps of the surrounding environment. Its accuracy and ability to capture precise data make it a crucial component in autonomous vehicles, urban planning, and environmental monitoring initiatives. The advancements in LiDAR technology have led to the development of smaller, more affordable devices that are accessible to a wider range of users.

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