The global LIDAR market was valued at $332.2 million in 2016,
and is projected to reach $1.4 billion by 2024, having a CAGR of
21.4 % from 2017 to 2024. In 2016, Aerial LIDAR technology
lead the market garnering a revenue of $182.5 million and
growing with the highest growth rate, having a CAGR of 17.4%
during the forecast period. Among major regions, North America
leads the market having the highest market share of $154.8
million; however, the highest growth rate would be experienced
by Asia Pacific growing with a rate of 28.2 % during the forecast
period.
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