Lidar, which stands for Light Detection and Ranging, is a technology that uses imaging to create real-time three-dimensional maps of its surroundings. A lidar sensor works by emitting pulsed laser waves, which bounce back from objects. The technology has applications in land mapping, autonomous cars, smartphones, and cameras.
According to Fortune Business Insights, the global Lidar market size is projected to reach $6.71 billion by 2026, growing at a CAGR of 22.7%.
