Forecast of Global LIDAR Market 2023

The worldwide market for Light Detection and Ranging (LIDAR) is expected to grow at a CAGR of roughly 10.8% over the next five years, will reach 470 million US$ in 2023, from 250 million US$ in 2017. Light Detection and Ranging (LIDAR), also written lidar, LiDAR or LADAR, is a remote sensing technology that measures distance by illuminating a target with a laser and analyzing the reflected light.