The LiDAR market refers to the industry that deals with Light Detection and Ranging technology. LiDAR is a remote sensing method that uses laser light to measure the distance to an object or surface by analyzing the time it takes for the light to bounce back after hitting the target. This technology has gained substantial prominence in various fields, including mapping and surveying, self-driving cars, forestry management, urban planning, and archaeology, among others. The market is witnessing significant growth as companies increasingly recognize the value of high-definition 3D digital mapping and precise spatial data for their operations. With advancements in LiDAR sensor technologies, integration with other systems such as GPS and cameras, and reduced costs over time, this market is projected to expand further. Additionally, government initiatives promoting digital infrastructure development are also expected to contribute to market growth by creating new applications for LiDAR technology across different sectors in the coming years.