Light Detection and Ranging (LiDAR) Market, By Product type (Terrestrial LiDAR, Airborne LiDAR and Others), By Component (GPS, Laser scanner and Navigation), By Application (Environment, Corridor Mapping, Engineering and ADAS & Driverless Cars), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030

Increasing Product Launches by Key Market Players

LiDAR for robot navigation provides important information about measuring distances in the environment and vehicle positions on objects. Rapid expansion of e-commerce and increased focus on workplace safety is driving tremendous growth in the autonomous mobile robot (AMR) and automated guided vehicle (AGV) markets. These factors will increase the demand for LiDAR applications on robot vehicles.  For example, RoboSense, a provider of smart LiDAR sensor systems, launched a new product in November 2022, the RS-LiDAR-E1 (E1), a 360° visible solid-state LiDAR flash based on its custom in-house developed system chip and flash technology platform. E1 will help partners close the gap in smart driving awareness and improve the all-situational awareness of self-driving and automated vehicles, which is essential for realizing the functions the core of self-driving cars.