LiDar Technology Market to Grow More Than 20% Annually

Light Detection and Ranging (LiDAR) technology is seeing widespread adoption among many industries thanks to its ability to collect data faster than conventional surveying. 
The adoption of LiDAR equipment is increasing in archaeology, agriculture, atmospheric remote sensing, urban planning, forestry, military and more, according to the BCC Research report, Light Detection and Ranging (LiDAR): Technologies and Global Markets. 
The global market for LiDAR technologies should grow from USD 3.1 billion in 2020 to USD 8.7 billion by 2025 with a compound annual growth rate (CAGR) of 22.7%. 
Report Highlights 
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Source: BCC Research