The LiDAR market is estimated to achieve a size of about USD 605 million by 2020. It is predicted to grow at around 16 percent CAGR during 2014 to 2020. LiDAR is the short form of light detection and ranging and refers to a laser profiling technology. This technology produces information with respect to elevation and site to describe the earth’s exterior and other characteristics.LiDAR systems are either terrestrial or air borne in nature. They were abstracted in the 1960s for military purposes and environmental analysis.
http://www.ni2014.org/research/lidar-market-analysis-trends-overview-and-predictions
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