Sensor Market for Automated Vehicles Size, Share, Growth, Trends & Forecast 2030
The global sensor market for automated vehicles is projected to grow from USD 0.4 billion in 2022 to USD 19.1 billion by 2030, registering a CAGR of 62.6%.Component providers provide automated driving software and hardware to leading automotive OEMs. Global OEMs leverage cameras, LiDAR, radars and sensing platforms from these providers to be integrated in their autonomous vehicles. Factors...
Geospatial Solutions Market expected to Grow $502.6 Billion by 2024
The global Geospatial
Solutions Market is projected to reach $502.6 billion by 2024 from an
estimated $239.1 billion in 2019, at a CAGR of 13.2% during 2019-2024. This
growth can be attributed to factors such as integration of geospatial
technology into mainstream technologies, advancements in geospatial solutions
with the introduction of artificial intelligence and Big Data analytics,
increasing...
LiDAR, an acronym for light detection and ranging, is an emerging technology capable of producing highly accurate images of the earth’s surface and other target objects
LiDAR, an acronym for light detection and ranging, is an emerging technology capable of producing highly accurate images of the earth’s surface and other target objects. This technology provides valuable information for generating 3D elevation models in various engineering and infrastructure applications. LiDAR systems were first conceptualized in the 1960s, but its commercial viability only increased...