Stressing On R&D Efforts To Amplify LIDAR Sensor Market Growth By 2031

The global LiDAR sensor market size is expected to expand at an impressive CAGR of 12.5% over the forecast period of 2021 to 2031, especially with these sensors becoming more compact and cheaper. LiDAR is an active remote sensing technology that utilizes laser (light amplification by stimulated emission of radiation), which uses optical amplification based on the stimulated emission of electrom...