Laser components generated the highest revenue of $136.6
million in 2016; the highest growth was exhibited by
Camera component having the CAGR of 27.1 % during the
forecast period
The LIDAR market was segmented as Camera, Laser,
Integration navigation system, GPS and others. Among them,
the laser component lead the market as a result of its
extensive use in the LIDAR systems for emitting the light in
the form of a pulsed laser to measure various distances.
However, the Camera component will be having the highest
growth rate due to a hike in the demand of advanced 3D
imaging technology. LiDAR based near-infrared wavelengths
are less expensive but they are unable to penetrate denser
object such as water. High frequency green lasers penetrate
water surface, which are used for mapping ocean bottom.