While many insiders expect significant consolidation in the LiDAR (light detection and ranging) sensing market this year, the number of new technology announcements, product launches, and market and technical analyses continues to grow as companies battle for attention in the ADAS and AV space. One promising new technology approach from Blackmore is frequency modulation, which we cover in a feature in this issue.
The global market for LiDAR is booming, with automotive being the highest profile and fastest growing slice of a larger pie that includes applications for unmanned aerial vehicles, mechanical, environmental, and topographical sectors, according to Global Market Insights, Inc. In a just-released report, it predicts growth from a current market value of more than $1 billion to over $10 billion by 2025. It cites a rise in the demand for 3D imaging solutions, of which LiDAR is a part, due to the increasing development of smart city projects and expanding civil engineering and manufacturing applications. The technology’s use of short wavelengths to detect small objects with high accuracy has opened up new possibilities in many sectors.