The LiDAR Market is anticipated to grow significantly, with its value expected to increase from USD 1.6 billion in 2024 to around USD 4.2 billion by 2029, representing a CAGR of 20.6% during the forecast period. LiDAR (Light Detection and Ranging) employs laser pulses to measure distances and generate detailed 3D maps of the environment. This technology is extensively used in applications such as autonomous vehicles, environmental monitoring, urban planning, and agriculture.

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