LIDAR Market Growth: Factors Fueling Rapid Expansion and 2030...

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2026-02-19 06:27:06

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...

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