Home › News Updates › Velodyne LiDAR Names MnM as their Prime Source for Information on LiDAR Market

MarketsandMarkets was recently cited by Velodyne LiDAR in an article published on LiDAR Market by Semiconductor Engineering.

LiDAR systems have made the examination, detection, and mapping of objects easier as compared to the conventional methods since it offers accuracy, precision, and quick data in a short span of time. Technological advancements and reduced costs have led to the rise in adoption of LiDAR systems, especially in commercial and industrial sectors, thereby triggering the growth of the overall market. The global LiDAR market is expected to be worth $5,204.8 Million by 2022, growing at a CAGR of 25.8% between 2017 and 2022.

For More Details:

http://velodynelidar.com/docs/news/Semiconductor%20Engineering%20._.pdf

Report mentioned in the above news is,

LIDAR Market by Product (Aerial, Ground-Based, UAV, and Solid-State), Application (Corridor Mapping, Engineering, ADAS & Driverless Car, Exploration, Urban Planning, Cartography, & Meteorology), Component, Services, and Geography - Global Forecast to 2022

Press Release:

https://www.marketsandmarkets.com/PressReleases/lidar.asp

Share this story