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LIDAR Market Trends, Key Vendors Analysis, Import & Export, Revenue by Forecast 2022

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Market Highlights

The global LiDAR market is projected to witness an impressive CAGR of 14.14% over the forecast period of 2018-2023, asserts Market Research Future (MRFR) in an extensively studied report.

Light detection and ranging (LiDAR) is the process which uses light waves to discern the dimensions of the Earth and its surrounding satellites. They are used in bathymetric and topographic purposes. LiDAR is experiencing high demand from the government sector in various countries. LiDAR is used in conjunction with drones or unmanned aerial vehicles (UAVs) for surveying territories of public infrastructural projects which boosts the market. 

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