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StockNews.com
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Business
Mangeet Kaur Bouns

4 Lidar Stocks Wall Street Predicts Will Skyrocket

OUST LAZR INVZ LIDR Innoviz

The rising demand for autonomous vehicles and extensive urbanization and industrialization have boosted the demand for innovative LiDAR technologies. LiDAR sensors are crucial for autonomous driving, advanced driver-assistance systems, and acquiring 3D data for urban planning.

According to Absolute Reports, the global market for automotive and industrial LiDAR is expected to reach $9.07 billion by 2028, growing at a 24.4% CAGR  over the period.

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