Technology Revolution: Automotive LiDAR Market Rising at a CAGR 35% Between 2018-2026
Automotive LiDAR (Light Detection and Ranging) is an advance scanning surveying technology that maps vehicle surroundings at the speed of light. LiDAR is the latest development in the automotive industry; an advancement in the predecessors of object detection technology such as RADAR (Radio Detection and Ranging) and ultrasonic. Automotive LiDAR is considered as a key technology for completely autonomous vehicles, as it is capable of delivering high-definition 3D projections of the surrounding. Major auto manufacturers are leveraging automotive LiDAR as...
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