Investment in LiDAR market is increasing rapidly, as carmakers gear up for autonomous and assisted driving. A study by Markets and Markets claims that the LiDAR market is going to hit 5,204.8 Million USD and will grow at a CAGR of 25.8% from 2017 to 2022. Analysts at Technavio predict that the global automotive LiDAR sensors market will see a CAGR of more than 34% by 2020.
ALSO READ: What is LiDAR and how does it work?
Watch this engaging video to know the increasing application of LiDAR in different sectors to know why there is a rush for investments in LiDAR or what one may, refer to as the ‘gold rush’.
