MEMS LiDAR Global Market Report 2022: Sector to Reach $1.44 Billion by 2027 at a CAGR of 27.05%
DUBLIN, Jan. 23, 2023 /PRNewswire/ -- The "MEMS LiDAR Market - Forecasts from 2022 to 2027" report has been added to ResearchAndMarkets.com's offering.
- DUBLIN, Jan. 23, 2023 /PRNewswire/ -- The "MEMS LiDAR Market - Forecasts from 2022 to 2027" report has been added to ResearchAndMarkets.com's offering.
- The MEMS LiDAR market was valued at US$270.961 million in 2020 and is expected to grow at a CAGR of 27.05% over the forecast period to reach a market size of US$1,448 million in 2027.
- A figure of merit is defined for MEMS mirrors in LiDAR scanners in terms of aperture size, field of view, and resonant frequency.
- The MEMS LiDAR market is driven by increasing demand from the automobile industry.