Some of the leading companies in the global LiDAR sensor market include
Quanergy Systems Inc
Hexagon AG
Teledyne Technologies
Mitsubishi Electric Corporation
Infineon Technologies
These firms are focusing on strategic alliances to boost product development and distribution.
Authors:
Suraj Gujar
Frequently Asked Questions (FAQ) :
Market size for LiDAR sensor was worth more than USD 1.5 billion in 2022 and is projected to exhibit over 20% CAGR from 2023-2032.
LiDAR sensor market valuation from terrestrial LiDAR is estimated to reach over USD 5 billion by 2032 owing to the increasing use of 3D imaging technology across forensic applications.
Asia pacific LiDAR sensor industry size is poised to expand at over 20% CAGR between 2023-2032 driven by the surging number of drone startups.
Quanergy Systems Inc, Hexagon AG, Teledyne Technologies, Mitsubishi Electric Corporation, and Infineon Technologies are some of the leading manufacturers of LiDAR sensors.