The global LiDAR Market size was valued at USD 1.90 billion in 2022. The market is anticipated to expand from USD 2.31 billion in 2023 to USD 7.94 billion by 2030, exhibiting a CAGR of 19.3% during the estimated period. The growth is due to the increasing demand for automated cars for gathering accurate data. The technology is extensively deployed in surveying, mapping, and infrastructure planning. This information has been furnished by Fortune Business Insights™ in its research report, titled “LiDAR Market, 2023-2030”. Segments: Solid-State LiDAR to Register Substantial Growth Owing to Flexibility of Deployment Across Various Sectors Based on type, the market is categorized into solid-state and mechanical LiDAR systems. Of these, the solid-state LiDAR segment is anticipated to record a commendable CAGR over the estimated period. The solution does not need any moving parts for functioning and is fabricated on a silicon chip, which favors its adoption across various sectors. Based on region, the industry is fragmented into Europe, Asia Pacific, North America, Latin America, and the Middle East & Africa.
8/24/2023The global gallium nitride (Gan) device market share is set to gain impetus from the high demand for fast chargers worldwide. This information is given by Fortune Business Insights™ in a new study, titled, “Gallium Nitride Device Market Size and Regional Forecast, 2023-2027.” The Gallium Nitride (GaN) device market has experienced remarkable growth, driven by the unique properties of GaN as a wide-bandgap semiconductor. GaN devices offer superior power efficiency, high-frequency operation, and thermal conductivity compared to traditional silicon-based counterparts. This has led to their adoption in various sectors, including power electronics, RF amplifiers, LED lighting, and communication systems. The market has seen applications in electric vehicles, fast chargers, military communication, and aerospace technology. Despite challenges in manufacturing and cost, ongoing research and investments continue to propel the GaN device market forward, shaping its evolution beyond 2021. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/gallium-nitride-gan-devices-market-103367 Drivers & Restraints-
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