Artificial Intelligence Research
Aug 11, 2022
Automotive Lidar Market Will Grow to US$8.4 Billion by 2023
With the ever-increasing interest in Advanced Driver Assistance Systems (ADAS) and autonomous vehicles, adopting Light Detection and Ranging (Lidar) is an important decision to reach higher vehicle autonomy and better safety. The lidar market for automotive applications will grow to US$8.4 billion by 2033, according to IDTechEx report "Lidar 2023-2033: Technologies, Players, Markets & Forecasts".