LiDAR Market worth $3.7 billion by 2029 - Exclusive Report by MarketsandMarkets™
By type, the mechanical segment is projected to hold the larger share of the lidar market in 2029.
- By type, the mechanical segment is projected to hold the larger share of the lidar market in 2029.
- This leads to the larger size of the mechanical LiDAR market.
- The solid-state LiDAR sensors have a shorter range than mechanical LiDAR sensors, typically only a few hundred meters.
- Additionally, the cost of solid-state LiDAR sensors is typically higher than that of mechanical Lidar sensors.