A Deep Dive into the Leading LiDAR Companies | IMARC Group
Light detection and ranging (LiDAR) represents a remote sensing technology that utilizes laser light to measure distances and create precise 3D models of the environment. It usually comprises a scanner, laser, and specialized GPS receiver that operates by targeting an object with a pulsed laser and calculating the time taken for the reflected light to return to the receiver. LiDAR can be mounted on numerous platforms, including a tripod, aircraft, drone, vehicle, helicopter, train, etc. It is widely utilized for detecting, examining, and mapping of objects. LiDAR also offers high precision, low cost, enhanced features, etc., as compared to conventional methods. Consequently, it is also widely used to quickly assess damage to infrastructure after a disaster, such as a hurricane or an earthquake. The global LiDAR market size reached US$ 2.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.0 Billion by 2028, exhibiting a growth rate (CAGR) of 20.9% d...