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LiDAR Market

The global LiDAR market has gained significant momentum over recent years. Due to its capability to investigate both man-made and natural environments with precision, flexibility, and accuracy, 3D laser scanning technology is becoming popular among mapping professionals and scientists for making high-resolution maps. Based on the latest analysis by Global Market Insights Inc., the LiDAR market size may surpass USD 15 billion by 2030.

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LiDAR Market

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  1. LiDAR Market Latest Trends, Future Development Outlook and Demand Analysis to 2030

  2. Industry Insights • The global LiDAR market has gained significant momentum over recent years. Due to its capability to investigate both man-made and natural environments with precision, flexibility, and accuracy, 3D laser scanning technology is becoming popular among mapping professionals and scientists for making high-resolution maps. Based on the latest analysis by Global Market Insights Inc., the LiDAR market size may surpass USD 15 billion by 2030. • According to the American Institute of Geosciences, Light Detection and Ranging (LiDAR) is widely used in a spectrum of planning and land management efforts, including agriculture, forestry, hazard assessment, geologic mapping, and river and watershed surveys. • The massive growth in world population and the accelerating pace of industrial development and urban migration have fostered the demand for town planning. This has resulted in the proliferation of advanced LiDAR technologies, which, in consequence, may stimulate the market outlook.

  3. The demand for improved real-time data collection techniques providing better and more accurate information to avoid revenue leakage and drive quick decisions has reached an all-time high in recent years. This has encouraged enterprises globally to leverage cutting-edge technologies and deliver solutions offering better precision and optimization than traditional LiDAR systems. • For instance, in September 2022, AEye Inc., a leading manufacturer of high-performance, adaptive LiDAR solutions, in association with Intetra, a top supplier of end-to-end solutions for Electronic Toll Collection Systems (ETC) and Intelligent Transportation Systems (ITS), announced the development and deployment of their automated lidar-based tolling solution. • The advanced tolling system is fueled by AEye's Intelligent Sensing Platform, 4Sight™, which offers enhanced dependability at affordable prices than inductive loop systems and additional above-ground detection modalities, such as camera and radar. The development of state-of-the-art mapping and sensing solutions will increase the LiDAR industry share in the years to come. • LiDAR has transformed the way businesses operate across the automobile and IoT industries. Players operating in the competitive landscape have been focusing on leveraging features such as in-house failure analysis, supply chain expertise, direct fulfillment, and reliability testing to provide their customers with enhanced dependability, efficiency, cost-effectiveness, and timeliness.

  4. Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/421

  5. Competitive Analysis Some of the key participants operating in the LiDAR market include Topcon Positioning Systems, Inc., Beijing SureStar Technology Co. Ltd., Innoviz Technologies Ltd, LeddarTech Inc., NV5 Inc. (Quantum Spatial), FARO Technologies, Inc., Geokno, Teledyne Technologies (Teledyne Optech), Hexagon AB (Leica Geosystem), Outster Inc., Quanergy Systems, Inc., RIEGL Laser Measurement Systems GmbH, RoboSense LiDAR, Sick AG, Trimble Inc., Vaisala (Leosphere), Valeo, Velodyne Lidar, and Yellowscan. Request for Customization @ https://www.gminsights.com/roc/421

  6. Latest Research Report On LiDAR Market @ https://www.gminsights.com/industry-analysis/lidar-light-detection-and-ranging-market Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/421 Request for customization @ https://www.gminsights.com/roc/421

  7. THANK YOU www.gminsights.com

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