Wide Application of Lidar in 2023, Annual Revenue Will Increase to 5 Billion US Dollars
It is predicted that the annual revenue of the laser radar market will increase from 726 million US dollars in 2017 to 5 billion US dollars in 2023, with a compound annual growth rate of 43%.
Lidar is a sensor that can acquire information on the position and shape of an object, and is suitable for terrain map mapping. It is often used for indoor modeling, road and facility data collection, mine goaf measurement, or on a large-scale power line, forestry survey, water conservancy survey, etc., for a wide range of applications.
At present, the application of lidar measurement technology presents a diversified trend. In addition to traditional surveying and mapping, it has shown broad market prospects in emerging industries such as driverless and intelligent robots. Due to the close correlation between laser radar and ADAS, the market is expected to continue to grow until 2032, and the revenue of the automotive segment alone will reach $28 billion.
With the rapid development of laser radar technology, multi-platform (UAV/helicopter/vehicle/backpack) laser radar data acquisition has become an important means of operation in surveying and mapping and related industries. More and more industries are integrated after point cloud data acquisition. Industry characteristics transform massive point cloud data into productivity service production operations, achieving maximum value of data.