The solid-state LiDAR market is projected to reach USD 3.20 billion by 2030 from USD 0.50 billion in 2025, at a CAGR of 45.0% from 2025 to 2030. The market is expected to grow rapidly due to its lower cost, compact design, and higher reliability compared with mechanical LiDAR, making it suitable for large-scale automotive adoption. Additionally, its scalability for ADAS, autonomous vehicles, and emerging robotics applications drive the demand across global markets.
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