LiDAR Market Size, Opportunities and Challenges by 2032
The LiDAR (Light Detection and Ranging) market is experiencing rapid growth driven by several key factors. Increasing adoption in autonomous vehicles and advanced driver-assistance systems (ADAS) is a major contributor, as LiDAR provides accurate 3D mapping and obstacle detection. Expanding applications in environmental monitoring, urban planning, and agriculture are further fueling demand. Technological advancements are also making LiDAR systems more compact, affordable, and efficient, broadening their accessibility.