LiDAR is an imaging technology that enables distance measurement and the construction of precise and detailed 3D mapping solutions.
- 4D LiDAR will significantly impact the industrial and the automotive sectors (primarily, autonomous vehicles). For Level 4 and 5 automated driving, the automotive industry will choose 4D LiDAR sensor technology rather than mechanical LiDAR systems. Through frequency-modulated continuous-wave (FMCW)-based 4D LiDAR technology, the existing pulse LiDAR is improved, which offers precise results.
- Research organizations and companies are focusing on the development of LiDAR sensors that are easy to manufacture; they are also emphasizing small form factor and low operating cost. With 3D imaging techniques, LiDAR-based sensor technology can offer a high level of object identification and classification, which will boost its adoption rate. Over the next 5 years, the technology will become suitable and beneficial for volume production.
Key Questions Answered in the Technology and Innovation Study
- What is the significance of the technology? What are the various types of LiDAR and what are their working methodologies?
- Which factors challenge growth? What are the important drivers and restraints to market growth?
- What does the patent landscape look like?
- What are some of the important funding trends in the market?
- Which industry best practices are adopted in the LiDAR market?
- What are the key growth opportunities in the market?