Global Lidar Market Is Anticipated to Reach $2,181.6 Million by The End of 2025

According to a new market intelligence report by BIS Research titled ‘Lidar Market - A Global and Regional Analysis, 2020-2025’, the Lidar Market, which was valued at $1,103.0 Million in 2020 and is anticipated to reach $2,181.6 Million by the end of 2025, growing at a CAGR of 15.42% during the forecast period 2020-2025.

BIS Research Report: https://bisresearch.com/industry-report/lidar-market.html

Mechanical lidars are one of the earliest lidars and are currently fully developed and in full production. As these types of lidars are being used since the beginning, they have achieved a trust amongst the customers and therefore hold the maximum market share in the lidar market.

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Ground-based lidars currently hold the lion share of the lidar market, since they provide scans with high precision and spatial resolution. Furthermore, the integration of 3D geometry from lidars and material properties from hyperspectral imaging produce new fusion products that adds vivid information and thereby aid the terrestrial lidars to dominate the lidar market.

Applications such as architecture and archeology, agriculture, forestry and environment, and atmosphere heavily rely on long-range lidars for accurate data, thereby pushing the long range lidars to generate the highest demand in the global lidar market.

Key Questions Answered by This Report:

§ What are the underlying structures resulting in the emerging trends within the lidar market?

§ How are lidar manufacturers, automotive original equipment manufacturers (OEMs), regulatory bodies, and tier-1 manufacturers, among others, entering the market?

§ What is the role of governments regarding the changing landscape of the lidar industry?

§ Which lidar technology is expected to lead the lidar market by 2025?

§ What was the market value of the leading regional markets, their segments and sub-segments in 2019, and how is the market estimated to grow during the forecast period 2020-2025?

§ How is the industry expected to evolve during the forecast period 2020-2025?

§ What are the key developmental strategies that are implemented by the key players to sustain the competitive market?

§ What has been the impact of COVID-19 on the lidar market?

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