Crop Spraying Drones market is projected to grow at a CAGR of 71.34% during the forecast period, reaching a total market size of US$48.681 billion in 2024 from US$1.924 billion in 2018. The crop spraying drones are used for spraying the pesticides in the agricultural fields. These drones are useful as it sprays faster and more precisely than manual labor spraying. Spraying is a hazardous activity and it endangers the health of farmers and laborers while also resulting in massive overuse of tox Read more...
MEMS LiDAR market is projected to grow at a CAGR of 64.50% during the forecast period, reaching a total market size of US$8.978 million in 2024 from US$0.453 million in 2019. MEMS LiDAR market is driven by increasing demand from the automobile industry. With the increasing demand for automated vehicles, demand for LiDAR is increasing. MEMS helps in the manufacturing of cost-effective and smaller LiDAR. However, the presence of substitutes and lack of awareness about technology can hamper the g Read more...
LiDAR for ADAS market is projected to grow at a CAGR of 31.38% during the forecast period, reaching a total market size of US$63.498 million in 2024 from US$12.345 million in 2018. LiDARs plays a key role in automated driving vehicles. The market of LiDAR for advanced driver-assistance systems (ADAS) is increasing on account of increasing demand for autonomous cars. LiDAR helps in road scanning to understand vehicle surroundings with precise and real-time 3D digitization and makes them an esse Read more...
Consumer Drones market is projected to grow at a CAGR of 6.09% during the forecast period, reaching a total market size of US$4.278 billion in 2024 from US$3.000 billion in 2018. Drones are the aerial vehicles or aircraft systems working in conjunction with onboard sensors and GPS systems that can be controlled remotely or through the use of the software. Drones are normally used for defense, military, and warfare, but in recent times its use in various fields such as photography, agriculture, a Read more...
The LiDAR (light Detection and Ranging) is a remote sensing technology that uses pulse from a laser to collect measurements which can then be used to create 3D models and maps of objects and environments. Currently, the LiDAR that are being utilized are mechanical LiDAR that are not only costly but also are bulky, which significantly increases the cost of manufacturing autonomous vehicles. This is leading to the development of solid state LiDAR that are relatively small in size and cheaper tha Read more...
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