LIDAR Market Growth: Factors Fueling Rapid Expansion and 2030 Forecasts
LIDAR Market Growth boasts 22% CAGR, from $2.5B in 2024 to $14B by 2030, powered by AV testing miles hitting 1 billion annually.
Key factors: Cost reductions via scale; regulatory pushes like UN ECE Level 3; IoT synergies for smart grids.
Growth engines: Asia at 25% CAGR from urbanization; defense spending up 15%.
Inhibitors like data overload countered by AI compression.
Forecast models use Bass diffusion, predicting inflection 2027.
Case: Waymo's fleet scales growth validation.
Sustained growth hinges on 6G integration for V2X.
LIDAR Market Growth boasts 22% CAGR, from $2.5B in 2024 to $14B by 2030, powered by AV testing miles hitting 1 billion annually.
Key factors: Cost reductions via scale; regulatory pushes like UN ECE Level 3; IoT synergies for smart grids.
Growth engines: Asia at 25% CAGR from urbanization; defense spending up 15%.
Inhibitors like data overload countered by AI compression.
Forecast models use Bass diffusion, predicting inflection 2027.
Case: Waymo's fleet scales growth validation.
Sustained growth hinges on 6G integration for V2X.
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