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.
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