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Automotive LiDAR Market To Surpass US$ 3 BN By End Of Forecast Period | Business News Update
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The automotive LiDAR market is projected to surpass US$ 3 BN by the end of the forecast period of 2021–2031.
New approaches for inexpensive architecture are likely to prove helpful in addressing the steep cost curve of production of products in the automotive LiDAR market. A case in point is LiDAR based on continuous wave frequency modulation (CWFM) is gaining popularity in 3D imaging. Advancements in sensors and actuators in LiDAR systems have set the stage for product innovation over the years, notes the TMR study on the automotive LiDAR market. ted to surpass US$ 3 BN by the end of the forecast period of 2021–2031.
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New approaches for inexpensive architecture are likely to prove helpful in addressing the steep cost curve of production of products in the automotive LiDAR market. A case in point is LiDAR based on continuous wave frequency modulation (CWFM) is gaining popularity in 3D imaging. Advancements in sensors and actuators in LiDAR systems have set the stage for product innovation over the years, notes the TMR study on the automotive LiDAR market. ted to surpass US$ 3 BN by the end of the forecast period of 2021–2031.
Read the full article here
For more updates:
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