LiDAR Market Latest Trends, Future Development Outlook and Demand Analysis to 2030

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LiDAR Market Latest Trends, Future Development
Outlook and Demand Analysis to 2030
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• Industry Insights

• The global LiDAR market has gained significant
  momentum over recent years. Due to its capability
  to investigate both man-made and natural
  environments with precision, flexibility, and
  accuracy, 3D laser scanning technology is
  becoming popular among mapping professionals and
  scientists for making high-resolution maps. Based
  on the latest analysis by Global Market Insights
  Inc., the LiDAR market size may surpass USD 15
  billion by 2030.
• According to the American Institute of
  Geosciences, Light Detection and Ranging (LiDAR)
  is widely used in a spectrum of planning and land
  management efforts, including agriculture,
  forestry, hazard assessment, geologic mapping,
  and river and watershed surveys.
• The massive growth in world population and the
  accelerating pace of industrial development and
  urban migration have fostered the demand for town
  planning. This has resulted in the proliferation
  of advanced LiDAR technologies, which, in
  consequence, may stimulate the market outlook.

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• The demand for improved real-time data collection
  techniques providing better and more accurate
  information to avoid revenue leakage and drive
  quick decisions has reached an all-time high in
  recent years. This has encouraged enterprises
  globally to leverage cutting-edge technologies
  and deliver solutions offering better precision
  and optimization than traditional LiDAR systems.
• For instance, in September 2022, AEye Inc., a
  leading manufacturer of high-performance,
  adaptive LiDAR solutions, in association with
  Intetra, a top supplier of end-to-end solutions
  for Electronic Toll Collection Systems (ETC) and
  Intelligent Transportation Systems (ITS),
  announced the development and deployment of their
  automated lidar-based tolling solution.
• The advanced tolling system is fueled by AEye's
  Intelligent Sensing Platform, 4Sight, which
  offers enhanced dependability at affordable
  prices than inductive loop systems and additional
  above-ground detection modalities, such as camera
  and radar. The development of state-of-the-art
  mapping and sensing solutions will increase the
  LiDAR industry share in the years to come.
• LiDAR has transformed the way businesses operate
  across the automobile and IoT industries. Players
  operating in the competitive landscape have been
  focusing on leveraging features such as in-house
  failure analysis, supply chain expertise, direct
  fulfillment, and reliability testing to provide
  their customers with enhanced dependability,
  efficiency, cost-effectiveness, and timeliness.

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• Competitive Analysis

Some of the key participants operating in the
LiDAR market include Topcon Positioning Systems,
Inc., Beijing SureStar Technology Co. Ltd.,
Innoviz Technologies Ltd, LeddarTech Inc., NV5
Inc. (Quantum Spatial), FARO Technologies, Inc.,
Geokno, Teledyne Technologies (Teledyne Optech),
Hexagon AB (Leica Geosystem), Outster Inc.,
Quanergy Systems, Inc., RIEGL Laser Measurement
Systems GmbH, RoboSense LiDAR, Sick AG, Trimble
Inc., Vaisala (Leosphere), Valeo, Velodyne Lidar,
and Yellowscan.
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Latest Research Report On LiDAR Market _at_
https//www.gminsights.com/industry-analysis/lidar
-light-detection-and-ranging-market
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