The global automotive LiDAR market was valued at USD 504.2 million in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 9.4% from 2024 to 2030. The market's expansion is driven by a combination of factors, including the rising adoption of autonomous and advanced driver assistance systems (ADAS) technologies, increasingly stringent safety regulations, continuous...

The global automotive LiDAR market was valued at approximately USD 504.2 million in 2023, and it is projected to grow at a compound annual growth rate (CAGR) of 9.4% from 2024 to 2030. Several factors are driving this market, including the increasing adoption of autonomous vehicles and Advanced Driver Assistance Systems (ADAS), stricter safety regulations, technological advancements,...

The global LiDAR market size is expected to reach USD 4.71 billion by 2030, registering a CAGR of 9.8% during the forecast period, according to a new report published by Grand View Research, Inc. The market growth is attributable to the rising adoption of LiDAR technology in environmental mapping, automobile safety application arenas, and construction and architectural sectors for...

Allied Market Research, titled, “LiDAR Market Size by Type, Component, Application, End User, and Region: Global Opportunity Analysis and Industry Forecast, 2022–2031," The lidar market was valued at $1.1 billion in 2021, and is estimated to reach $7.8 billion by 2031, growing at a CAGR of 21.3% from 2022 to 2031. Light detection and ranging (LiDAR) is a remote sensing...