Global Industrial Solid-State LiDAR market cagr 11.4%

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Industrial SolidState LiDAR

Industrial Solid-State LiDAR Market Scope: Industry

Analysis, Market Size, Growth, Trends Till 2031

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Industrial Solid-State LiDAR Market Size and Growth

The Industrial Solid-State LiDAR market is experiencing significant growth, driven by advancements in automation and robotics. The market size is projected to reach $1.2 billion by 2028, reflecting a compound annual growth rate (CAGR) of 22%. Increased adoption across manufacturing, logistics, and autonomous vehicles is propelling this expansion.

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Companies Covered

(Covid 19 Impact Covered)

◍ Bosch

◍ Velodyne Lidar

◍ Ouster

◍ Benewake

◍ Terabee

◍ Sick

◍ ASTECH

◍ Keyence

◍ Schmitt Industries

◍ Hamamatsu

◍ Hesai Technology

The Industrial Solid-State LiDAR market features companies like Bosch, Velodyne Lidar, and Ouster, which utilize advanced sensing technologies for automation and safety. These firms innovate solutions across industries, enhancing efficiency and reliability, thus driving market growth. Notable revenue figures include Velodyne’s $95 million and Ouster's $33 million in recent sales.

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Market Segmentation

By Application

Infrastructure

Logistics

Manufacturing

Others

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By Product

Short Range

Mid Range

Long Range

Market Growth

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$ X Billion USD

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