SPAD Depth Sensor For Automotive Lidar Market is predicted to grow at a compound annual rate of growth (CAGR) of 18.2% from 2023 to 2030
Due to its high resolution, accuracy, and capacity to identify objects at long distances, SPAD depth sensors are expected to dramatically increase their market share within the automotive LiDAR market over the next several years. At a predicted CAGR of 18.2% from 2023 to 2030, the market size, which was estimated to be worth $75.9 million in 2022, will grow to $289.2 million by 2030. The advanced driver assistance systems (ADAS) and driverless vehicles, which are becoming more and more common in the automobile industry, are projected to make extensive use of SPAD depth sensors. ...