‘LiDAR market to reach $551.26 million by 2018’

‘LiDAR market to reach $551.26 million by 2018’

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US: According to a new market report published by Markets and Markets the LiDAR market is expected to grow at a CAGR of 16.64% from 2013 to 2018 and reach 551.26 million in 2018. The total market which is currently valued at $218.87 million is estimated to grow at an excess rate of 15% annually. The data mentioned is for dedicated LiDAR systems only.

Source: International