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Auto LiDAR set for 111% CAGR 2020-26
The automotive LiDAR market is expected to grow to $2.3 billion in 2026 at a 111% CAGR between 2020 and 2026, forecasts Yole Developpement.
www.electronicsweekly.com, Sept. 06, 2021 –
For industrial LiDAR, smart infrastructure and logistics are showing the highest growth, reaching $500 million each by 2026.
The smart infrastructure LiDAR market will reach $395 million in 2026 with a 35% CAGR between 2020 and 2026.
The logistics LiDAR market will reach $466 million in 2026 with a 23% CAGR during the same period again.
In smart infrastructure, smart city applications are expected to be most important segment to look at.
Security, highway monitoring and autonomous checkout are other important applications. In logistics, autonomous trucks and delivery robots are expected to have the most significant growth.
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