The LiDAR Market is Projected to Reach USD 3.4 Billion by 2026 from an Estimated USD 1.3 Billion in 2021, at a CAGR of 21.6% - ResearchAndMarkets.com
Moreover, the high cost of LiDAR services and the limited availability of geospatial data pose challenges to the LiDAR market.
- Moreover, the high cost of LiDAR services and the limited availability of geospatial data pose challenges to the LiDAR market.
- Based on technology, the LIDAR market is segmented into 2D, 3D, and 4D LiDAR.
- In 2020, the 3D LiDAR segment accounted for the largest market share among other segments of the LiDAR market.
- However, the market for 4D LiDAR is projected to grow at the highest CAGR from 2021 to 2026.