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The global light detection and ranging (LiDAR) market size was USD 1.32 billion in 2018 and is expected to hit USD 6.71 billion by 2026, exhibiting a CAGR of 22.7% during the estimated period. LiDAR is used in a wide range of applications including geomorphology, atmospheric physics, archaeology, geomatics, airborne laser swath mapping, and others. The Light Detection and Ranging (LiDAR) market is a rapidly growing industry that involves the use of laser-based technology to measure distances and create highly accurate 3D maps of objects and environments. LiDAR systems emit laser pulses and measure the time it takes for the light to bounce back after hitting an object, allowing for precise distance calculations. This information has been furnished by Fortune Business Insights™ in its research report, titled “Light Detection and Ranging (LiDAR) Market, 2019-2026”. Segments: Solid-State LiDAR to Register Substantial Growth Owing to Flexibility of Deployment Across Various Sectors Based on type, the market is categorized into solid-state and mechanical LiDAR systems. Of these, the solid-state LiDAR segment is anticipated to record a commendable CAGR over the estimated period. The solution does not need any moving parts for functioning and is fabricated on a silicon chip, which favors its adoption across various sectors. Based on region, the industry is fragmented into Europe, Asia Pacific, North America, Latin America, and the Middle East & Africa. List of Key Players Mentioned in the Report: Teledyne Technologies FARO Technologies, Inc. SICK AG Beijing SureStar Technology Co. Ltd. Trimble Inc. YellowScan HEXAGON RIEGL Laser Measurement Systems GmbH Browse Detailed Summary of Research Report with TOC: https://www.fortunebusinessinsights.com/light-detection-and-ranging-lidar-market-101969 Segmentation: Light Detection and Ranging (LiDAR) Industry The LiDAR market can be segmented based on several factors. Here is a brief overview of the common segmentation categories: Type of LiDAR: Airborne LiDAR: LiDAR systems mounted on aircraft or drones for large-area mapping and surveying. Terrestrial LiDAR: Ground-based LiDAR systems used for detailed scanning of smaller areas. Mobile LiDAR: LiDAR systems integrated into vehicles or mobile platforms for mapping roads, highways, and urban areas. Short-Range LiDAR: LiDAR systems with a limited range, often used for indoor applications or close-range sensing. Component: Laser Source: Different types of lasers used, such as solid-state, fiber, or semiconductor lasers. Photodetector: Sensors used to detect and measure the reflected laser light. GPS/GNSS Receiver: Global Positioning System or Global Navigation Satellite System receivers used for precise positioning. Inertial Measurement Unit (IMU): Sensors that measure motion and orientation of the LiDAR system. Application: Automotive: LiDAR systems used in autonomous vehicles, advanced driver assistance systems (ADAS), and automotive safety. Aerospace and Defense: LiDAR applications in aerial mapping, UAVs, target detection, and defense systems. Geospatial Mapping and Surveying: LiDAR used for topographic surveys, mapping, and digital terrain modeling. Environmental Monitoring: LiDAR employed in forestry analysis, carbon sequestration studies, and ecosystem monitoring. Archaeology and Cultural Heritage: LiDAR applications for archaeological site mapping and preservation of cultural heritage. Mining and Construction: LiDAR systems used in mining operations, construction site planning, and monitoring. Industry Vertical: Automotive: LiDAR systems integrated into autonomous vehicles and automotive technology. Aerospace and Defense: LiDAR applications in defense, aerospace, and UAV industries. Transportation and Logistics: LiDAR used for mapping, navigation, and infrastructure planning. Agriculture and Forestry: LiDAR employed in precision agriculture, forest management, and resource assessment. Energy and Utilities: LiDAR applications in power line inspection, wind farm assessment, and infrastructure monitoring. Healthcare and Research: LiDAR used in medical imaging, research, and scientific applications.