LiDAR market projected to reach USD 12.79 billion by 2030

The LiDAR market is experiencing significant growth, projected to increase from USD 3.27 billion in 2025 to USD 12.79 billion by 2030. This expansion is driven by the rising demand for autonomous vehicles, robotics, and smart infrastructure. Technological shifts from mechanical systems toward solid-state and digital architectures are making sensors smaller, faster, and more cost-effective for mass-market use.

In a practical application of this technology, Ouster, Inc. and Econolite have secured a contract with the Utah Department of Transportation. The partnership will deploy the Ouster BlueCity traffic management solution across 160 intersections in Utah. This system utilizes native color digital LiDAR to provide up to 500 feet of advanced detection, aimed at optimizing mobility and enhancing road safety through improved actuation, alerts, and analytics.