The global market for Laser Imaging, Detection And Ranging (LIDAR) systems was $1.3 billion in 2018, according to a report by Market Research Reports, Inc., and the industry is on track to reach $5.5 billion in sales by 2024. Lidar is crucial for emerging mapping and autonomous vehicle applications, with automotive uses accounting for $2.5 billion of the market in 2024, the report states. The research also identified the world's top 10 lidar manufacturers, which can be seen in the slideshow.
Dan Carney is a Design News senior editor, covering automotive technology, engineering and design, especially emerging electric vehicle and autonomous technologies.
Dan’s coverage of the auto industry over three decades has taken him to the racetracks, automotive engineering centers, vehicle simulators, wind tunnels, and crash-test labs of the world.
Experience the latest innovation and technology across product design. From 3D printing and Prototyping to design software and contract manufacturing, this is where solutions intersect, and the community pushes the industry forward. It’s all at D&M Montréal— part of ADM Montréal.