The Global LiDAR market is competitive owing to various players such as Faro Technologies Inc, Hexagon AB, Vaisala Oyj, Sick AG, and Teledyne Technologies Inc.
Global LiDAR Market to Grow at CAGR of 15.75% from 2021-2027
The LiDAR Market will be USD 3.92 Billion by 2027. LiDAR, which determines light detection and ranging, is a popular remote sensing system used to measure the exact range of an object on Earth surface, even though it was primarily applied in the 1960s during laser scanners were mounted to aeroplanes. LiDAR is one of the numerous promising sensor-based technologies is reflected in a combination of laser scanning and 3D scanning thus; it can also be described as 3D laser scanning. Prominently LiDAR technology is categorized into three type's Aerial, Terrestrial, Mobile and Short Range.
