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LiDAR Market worth $3.7 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, January 25, 2024

By type, the mechanical segment is projected to hold the larger share of the lidar market in 2029.

Key Points: 
  • 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.

VCSEL Market worth $2.9 billion by 2028 - Exclusive Report by MarketsandMarkets™

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Tuesday, February 7, 2023

CHICAGO, Feb. 7, 2023 /PRNewswire/ -- The global VCSEL market size is expected to grow from USD 1.6 billion in 2023 to USD 2.9 billion by 2028, at a CAGR of 13.1% during the forecasted period according to a new report by MarketsandMarkets™.

Key Points: 
  • CHICAGO, Feb. 7, 2023 /PRNewswire/ -- The global VCSEL market size is expected to grow from USD 1.6 billion in 2023 to USD 2.9 billion by 2028, at a CAGR of 13.1% during the forecasted period according to a new report by MarketsandMarkets™.
  • The major drivers for this market include increase in applications of VCSELs in data communication and the growing adoption of 3D sensing applications in smartphones.
  • These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and Rest of the World.
  • VCSEL technology is still evolving; hence, it is creating several opportunities in the market.

VCSEL Market worth $2.9 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, February 7, 2023

CHICAGO, Feb. 7, 2023 /PRNewswire/ -- The global VCSEL market size is expected to grow from USD 1.6 billion in 2023 to USD 2.9 billion by 2028, at a CAGR of 13.1% during the forecasted period according to a new report by MarketsandMarkets™.

Key Points: 
  • CHICAGO, Feb. 7, 2023 /PRNewswire/ -- The global VCSEL market size is expected to grow from USD 1.6 billion in 2023 to USD 2.9 billion by 2028, at a CAGR of 13.1% during the forecasted period according to a new report by MarketsandMarkets™.
  • The major drivers for this market include increase in applications of VCSELs in data communication and the growing adoption of 3D sensing applications in smartphones.
  • These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and Rest of the World.
  • VCSEL technology is still evolving; hence, it is creating several opportunities in the market.

LiDAR Market worth $3.7 billion in 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, January 18, 2023

The growth of the market is attributed to rising adoption of LiDAR systems in UAVs, and use of LiDAR geographical information system (GIS) applications.

Key Points: 
  • The growth of the market is attributed to rising adoption of LiDAR systems in UAVs, and use of LiDAR geographical information system (GIS) applications.
  • The market for ground-based LiDAR accounted for a larger market share of the LiDAR market throughout the forecasted period.
  • Ground-based LiDAR accounted for a larger market share of the LiDAR market throughout the forecasted period.
  • On the basis of installation types, the LiDAR market is mainly segmented into ground-based LiDAR and airborne LiDAR.

LiDAR Market worth $3.7 billion in 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, January 18, 2023

The growth of the market is attributed to rising adoption of LiDAR systems in UAVs, and use of LiDAR geographical information system (GIS) applications.

Key Points: 
  • The growth of the market is attributed to rising adoption of LiDAR systems in UAVs, and use of LiDAR geographical information system (GIS) applications.
  • The market for ground-based LiDAR accounted for a larger market share of the LiDAR market throughout the forecasted period.
  • Ground-based LiDAR accounted for a larger market share of the LiDAR market throughout the forecasted period.
  • On the basis of installation types, the LiDAR market is mainly segmented into ground-based LiDAR and airborne LiDAR.

Low Light Imaging Market Worth $19.9 billion by 2027 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, November 24, 2022

CHICAGO, Nov. 23, 2022 /PRNewswire/ -- Low light imaging market size is expected to grow from USD 12.1 billion in 2022 to USD 19.9 billion by 2027, at a CAGR of 10.4% during the forecasted periodaccording to a new report by MarketsandMarkets.

Key Points: 
  • CHICAGO, Nov. 23, 2022 /PRNewswire/ -- Low light imaging market size is expected to grow from USD 12.1 billion in 2022 to USD 19.9 billion by 2027, at a CAGR of 10.4% during the forecasted periodaccording to a new report by MarketsandMarkets.
  • One of the major drivers for the growth of low light imaging market include growing use of low light image sensors in advanced medical imaging applications.
  • However, declining demand for digital still cameras is one of the major restraints of the low light imaging market.
  • The low light imaging market dominated by the major Tier I suppliers like Sony Group (Japan), Samsung Electronics Co., Ltd. (South Korea), STMicroelectronics N.V. (Switzerland), and Hamamatsu Photonics K.K.

Low Light Imaging Market Worth $19.9 billion by 2027 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, November 24, 2022

CHICAGO, Nov. 23, 2022 /PRNewswire/ -- Low light imaging market size is expected to grow from USD 12.1 billion in 2022 to USD 19.9 billion by 2027, at a CAGR of 10.4% during the forecasted periodaccording to a new report by MarketsandMarkets.

Key Points: 
  • CHICAGO, Nov. 23, 2022 /PRNewswire/ -- Low light imaging market size is expected to grow from USD 12.1 billion in 2022 to USD 19.9 billion by 2027, at a CAGR of 10.4% during the forecasted periodaccording to a new report by MarketsandMarkets.
  • One of the major drivers for the growth of low light imaging market include growing use of low light image sensors in advanced medical imaging applications.
  • However, declining demand for digital still cameras is one of the major restraints of the low light imaging market.
  • The low light imaging market dominated by the major Tier I suppliers like Sony Group (Japan), Samsung Electronics Co., Ltd. (South Korea), STMicroelectronics N.V. (Switzerland), and Hamamatsu Photonics K.K.

Image Sensor Market worth $38.6 billion by 2027 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, August 30, 2022

CHICAGO , Aug. 30, 2022 /PRNewswire/ -- Image Sensor Market size is estimated to be USD 26.1 billion in 2022 and is projected to reach 38.6 billion by 2027, at a CAGR of 8.1% during the forecast period, according to a new report by MarketsandMarkets.

Key Points: 
  • CHICAGO , Aug. 30, 2022 /PRNewswire/ -- Image Sensor Market size is estimated to be USD 26.1 billion in 2022 and is projected to reach 38.6 billion by 2027, at a CAGR of 8.1% during the forecast period, according to a new report by MarketsandMarkets.
  • In 2021, the CMOS image sensors segment accounted for the largest size of the image sensor market and a similar growth trend is expected during the forecast period.
  • This growth can be attributed to the high adoption of organic growth strategies by the market players and technological evolution in sensors.
  • Also, advancements in the CMOS image sensor technology have improved the performance of image sensors, which has increased the penetration of the CMOS technology in consumer electronics.

Image Sensor Market worth $38.6 billion by 2027 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, August 30, 2022

CHICAGO, Aug. 30, 2022 /PRNewswire/ -- Image Sensor Market size is estimated to be USD 26.1 billion in 2022 and is projected to reach 38.6 billion by 2027, at a CAGR of 8.1% during the forecast period, according to a new report by MarketsandMarkets.

Key Points: 
  • CHICAGO, Aug. 30, 2022 /PRNewswire/ -- Image Sensor Market size is estimated to be USD 26.1 billion in 2022 and is projected to reach 38.6 billion by 2027, at a CAGR of 8.1% during the forecast period, according to a new report by MarketsandMarkets.
  • In 2021, the CMOS image sensors segment accounted for the largest size of the image sensor market and a similar growth trend is expected during the forecast period.
  • This growth can be attributed to the high adoption of organic growth strategies by the market players and technological evolution in sensors.
  • Also, advancements in the CMOS image sensor technology have improved the performance of image sensors, which has increased the penetration of the CMOS technology in consumer electronics.

LiDAR Drone Market worth $508 million in 2027 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, August 11, 2022

CHICAGO, Aug. 11, 2022 /PRNewswire/ -- LiDAR Drone market is projected to grow from USD 147 million in 2022 to USD 508 million in 2027; it is expected to grow at a CAGR of 28.1%from 2022 to 2027, according to a new report by MarketsandMarkets.

Key Points: 
  • CHICAGO, Aug. 11, 2022 /PRNewswire/ -- LiDAR Drone market is projected to grow from USD 147 million in 2022 to USD 508 million in 2027; it is expected to grow at a CAGR of 28.1%from 2022 to 2027, according to a new report by MarketsandMarkets.
  • The adoption of LiDAR drones by government bodies in different countries for various projects is likely to create high growth opportunities for the market.
  • Rotary-wing LiDAR drones, also known as multi-rotor LiDAR drones, comprise a central body and side propellers.
  • Phoenix LiDAR Systems (US), Teledyne Optech (Canada), Velodyne LiDAR, Inc. (US), and Geodetics, Inc. (US) are some of the prominent players in the LiDAR drone market in North America.