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Industrial Vehicles Market to Reach USD 64.85 Billion by 2030, Growing at a CAGR of 4.7%

01-09-2025 01:07 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT.LTD

Industrial Vehicles Market

Industrial Vehicles Market

๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐š๐ฅ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ

The Global Industrial Vehicles Market is experiencing significant growth, driven by increasing demand for material handling, advanced automation, and rapid industrialization. Valued at USD 47.02 billion in 2023, the market is projected to grow at a CAGR of 4.7% during the forecast period of 2024-2030, reaching a value of USD 64.85 billion by 2030.
This press release highlights country-specific insights into the market, mergers, and acquisitions, and key developments in Vietnam, Thailand, Japan, South Korea, Singapore, the US, and Europe.

๐“๐จ ๐ฅ๐ž๐š๐ซ๐ง ๐ฆ๐จ๐ซ๐ž, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐œ๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/54631/

Vietnam: Opportunities and Growth in Industrial Vehicles

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

Vietnam's industrial vehicle market is fueled by the rapid expansion of its logistics and manufacturing sectors. The adoption of electric forklifts and automated guided vehicles (AGVs) is on the rise.

๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

A growing focus on environmentally friendly industrial vehicles is noticeable in Vietnam, with companies like ๐“๐จ๐ฒ๐จ๐ญ๐š ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐ž๐ฌ ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ข๐จ๐ง expanding their electric product portfolios.

๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

Several mergers have taken place, with ๐‡๐ฒ๐ฌ๐ญ๐ž๐ซ-๐˜๐š๐ฅ๐ž ๐Œ๐š๐ญ๐ž๐ซ๐ข๐š๐ฅ๐ฌ ๐‡๐š๐ง๐๐ฅ๐ข๐ง๐ , ๐ˆ๐ง๐œ. collaborating with local distributors to enhance their market presence.

Updation in Vietnam
Vietnam is investing in upgrading its infrastructure, driving demand for industrial vehicles in the construction and logistics industries.

๐“๐ก๐š๐ข๐ฅ๐š๐ง๐: ๐‘๐ข๐ฌ๐ข๐ง๐  ๐ƒ๐ž๐ฆ๐š๐ง๐ ๐Ÿ๐จ๐ซ ๐€๐ฎ๐ญ๐จ๐ฆ๐š๐ญ๐ž๐ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž๐ฌ

Growth Opportunities in Thailand

Thailand's industrial vehicle market is thriving due to its growing e-commerce industry. Demand for automated and efficient material handling systems has surged.

Trends in Thailand
The integration of IoT and AI in industrial vehicles is a notable trend. Companies like ๐‰๐ฎ๐ง๐ ๐ก๐ž๐ข๐ง๐ซ๐ข๐œ๐ก ๐€๐† are making strides in this sector.

Consolidation in Thailand
KION Group AG has partnered with Thai manufacturers to localize production and improve cost efficiency.

Updation in Thailand
Thailand is upgrading its warehouse systems, further boosting demand for high-tech industrial vehicles.

๐‰๐š๐ฉ๐š๐ง: ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐œ๐š๐ฅ ๐€๐๐ฏ๐š๐ง๐œ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ ๐ƒ๐ซ๐ข๐ฏ๐ข๐ง๐  ๐†๐ซ๐จ๐ฐ๐ญ๐ก

Growth Opportunities in Japan

Japan remains a key player in the industrial vehicle market, driven by advancements in robotics and automation.

Trends in Japan
The shift towards fully autonomous industrial vehicles is prominent, with companies like ๐Œ๐ข๐ญ๐ฌ๐ฎ๐›๐ข๐ฌ๐ก๐ข ๐‹๐จ๐ ๐ข๐ฌ๐ง๐ž๐ฑ๐ญ ๐‚๐จ., ๐‹๐ญ๐. leading innovations.

Consolidation in Japan
Strategic alliances, such as the partnership between ๐๐ข๐ฌ๐ฌ๐š๐ง ๐…๐จ๐ซ๐ค๐ฅ๐ข๐Ÿ๐ญ and ๐”๐ง๐ข๐‚๐š๐ซ๐ซ๐ข๐ž๐ซ๐ฌ ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ข๐จ๐ง, are strengthening the market landscape.

Updation in Japan
Government incentives for electric vehicles have accelerated the adoption of electric-powered industrial vehicles.

๐“๐จ ๐ฅ๐ž๐š๐ซ๐ง ๐ฆ๐จ๐ซ๐ž, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐œ๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/54631/

๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š: ๐„๐ฆ๐ž๐ซ๐ ๐ข๐ง๐  ๐‡๐ฎ๐› ๐Ÿ๐จ๐ซ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐š๐ฅ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž ๐ˆ๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง

Growth Opportunities in South Korea

South Korea's industrial vehicle market is supported by its strong manufacturing base and increasing focus on sustainability.

Trends in South Korea
The use of hydrogen-powered industrial vehicles is gaining traction, with ๐ƒ๐จ๐จ๐ฌ๐š๐ง ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ข๐จ๐ง making significant investments in R&D.

Consolidation in South Korea
Hyundai Heavy Industries Group has acquired smaller firms to enhance its market share and diversify its product portfolio.

Updation in South Korea
The country's smart factory initiatives are expected to drive demand for automated vehicles in industrial settings.

๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž: ๐…๐จ๐œ๐ฎ๐ฌ ๐จ๐ง ๐‡๐ข๐ ๐ก-๐“๐ž๐œ๐ก ๐‹๐จ๐ ๐ข๐ฌ๐ญ๐ข๐œ๐ฌ

Growth Opportunities in Singapore
Singapore is leveraging its position as a logistics hub to drive demand for industrial vehicles, particularly AGVs and forklifts.

Trends in Singapore
The adoption of digital twins in industrial vehicles is transforming operations, led by companies like ๐‚๐ซ๐จ๐ฐ๐ง ๐„๐ช๐ฎ๐ข๐ฉ๐ฆ๐ž๐ง๐ญ ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ข๐จ๐ง.

Consolidation in Singapore
Collaborations between ๐Š๐จ๐ฆ๐š๐ญ๐ฌ๐ฎ ๐‹๐ญ๐. and local logistics firms are expanding product reach.

Updation in Singapore
Upgraded warehousing solutions and government support are creating a favorable environment for industrial vehicle adoption.

๐”๐’: ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‹๐ž๐š๐๐ž๐ซ ๐ฐ๐ข๐ญ๐ก ๐„๐ฑ๐ฉ๐š๐ง๐๐ข๐ง๐  ๐ˆ๐ง๐ฏ๐ž๐ฌ๐ญ๐ฆ๐ž๐ง๐ญ๐ฌ

Growth Opportunities in the US

The US leads the industrial vehicle market with its advanced manufacturing ecosystem and focus on automation.

Trends in the US
The rise of warehouse robotics and electrification in industrial vehicles are key trends. Companies like ๐‚๐ฅ๐š๐ซ๐ค ๐Œ๐š๐ญ๐ž๐ซ๐ข๐š๐ฅ ๐‡๐š๐ง๐๐ฅ๐ข๐ง๐  ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ฒ are driving innovations.

Consolidation in the US
Acquisitions such as ๐“๐จ๐ฒ๐จ๐ญ๐š ๐Œ๐š๐ญ๐ž๐ซ๐ข๐š๐ฅ ๐‡๐š๐ง๐๐ฅ๐ข๐ง๐ '๐ฌ acquisition of ๐“๐จ๐ฒ๐จ๐ญ๐š ๐Œ๐š๐ญ๐ž๐ซ๐ข๐š๐ฅ ๐‡๐š๐ง๐๐ฅ๐ข๐ง๐ '๐ฌ highlight market consolidation.

Updation in the US
Federal investments in smart logistics infrastructure are expected to fuel market growth further.

๐“๐จ ๐ฅ๐ž๐š๐ซ๐ง ๐ฆ๐จ๐ซ๐ž, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐œ๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/54631/

๐„๐ฎ๐ซ๐จ๐ฉ๐ž: ๐’๐ฎ๐ฌ๐ญ๐š๐ข๐ง๐š๐›๐ข๐ฅ๐ข๐ญ๐ฒ ๐š๐ง๐ ๐ˆ๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง ๐‹๐ž๐š๐๐ข๐ง๐  ๐ญ๐ก๐ž ๐–๐š๐ฒ

Growth Opportunities in Europe

Europe's market growth is attributed to its stringent emission regulations and demand for electric industrial vehicles.

Trends in Europe
Automation and the adoption of lithium-ion batteries in forklifts are gaining momentum. ๐‹๐ข๐ง๐๐ž ๐Œ๐š๐ญ๐ž๐ซ๐ข๐š๐ฅ ๐‡๐š๐ง๐๐ฅ๐ข๐ง๐  is a prominent player.

Consolidation in Europe
Key acquisitions, such as ๐Š๐ˆ๐Ž๐ ๐†๐ซ๐จ๐ฎ๐ฉ'๐ฌ acquisition of Dematic, are strengthening market presence.

Updation in Europe
The European Union's Green Deal is boosting investments in sustainable industrial vehicle technologies.

๐…๐จ๐ซ ๐š ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐จ๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ, ๐œ๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ž๐:https://www.maximizemarketresearch.com/market-report/global-industrial-vehicles-market/54631/

๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐š๐ฅ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง

๐›๐ฒ ๐ƒ๐ซ๐ข๐ฏ๐ž ๐“๐ฒ๐ฉ๐ž

ICE
Battery-Operated
Gas Operated

๐›๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

Manufacturing
Warehousing
Freight & Logistics
Others

๐›๐ฒ ๐€๐ž๐ซ๐ข๐š๐ฅ ๐–๐จ๐ซ๐ค ๐๐ฅ๐š๐ญ๐Ÿ๐จ๐ซ๐ฆ

Boom Lifts
Scissor Lifts

๐›๐ฒ ๐‹๐ž๐ฏ๐ž๐ฅ ๐จ๐Ÿ ๐€๐ฎ๐ญ๐จ๐ง๐จ๐ฆ๐ฒ

Non/Semi-Autonomous
Autonomous

๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐š๐ฅ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ

1. Crown Equipment Corporation (US)
2. Hyster-Yale Materials Handling, Inc. (US)
3. Altec Industries (US)
4. CLARK MATERIAL HANDLING (US)
5. Lonking Forklift Co., Ltd. (China)
6. EP Equipment, Ltd. (China)
7. Hangcha Group Co. Ltd (China)
8. Noblelift Intelligent Equipment (China)
9. Anhui Heli Co., Ltd (China)
10. Liuzhou LiuGong Forklift Co.,Ltd (China)
11. Hubtex Maschinenbau GmbH & Co. KG (Germany)
12. Hubtex Maschinenbau GmbH & Co. KG (Germany)
13. Jungheinrich AG (Germany)
14. Kion Group AG (Germany)
15. Mitsubishi Nichiyu Forklift Co., Ltd. (Japan)
16. Toyota Industries Corporation (Japan)
17. Aichi Corporation (Japan)
18. MORITA HOLDINGS CORPORATION (Japan)
19. Komatsu Ltd. (Japan)
20. Doosan Corporation (South Korea)
21. Hyundai Heavy Industries (South Korea)
22. Action Construction Equipment Ltd. (India)
23. Godrej & Boyce Mfg. Co. Ltd. (India)
24. Cargotec Corporation (Finland)
25. Combilift (Ireland)
26. Goldbell Group (Singapore)
27. Motrec International Inc. (Canada)
28. Manitou (France)

๐ƒ๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ ๐–๐ก๐š๐ญ'๐ฌ ๐“๐ซ๐ž๐ง๐๐ข๐ง๐ :

โ™ฆ Global Zero Emission Vessel Market https://www.maximizemarketresearch.com/market-report/global-zero-emission-vessel-market/92545/

โ™ฆ Go Kart Market https://www.maximizemarketresearch.com/market-report/go-kart-market/124634/

โ™ฆ High Voltage Electric Heater Market https://www.maximizemarketresearch.com/market-report/high-voltage-electric-heater-market/124402/

โ™ฆ Hydrogen Buses Market https://www.maximizemarketresearch.com/market-report/hydrogen-buses-market/187494/

โ™ฆ Hyper Loop Market https://www.maximizemarketresearch.com/market-report/hyper-loop-market/11395/

โ™ฆ India Airbag Market https://www.maximizemarketresearch.com/market-report/india-airbag-market/42264/

โ™ฆ India Air Powered Vehicle Market https://www.maximizemarketresearch.com/market-report/india-air-powered-vehicle-market/20205/

โ™ฆ India Automotive Camera Market https://www.maximizemarketresearch.com/market-report/india-automotive-camera-market/42905/

โ™ฆ India Automotive Stamping Market https://www.maximizemarketresearch.com/market-report/india-automotive-stamping-market/31488/

โ™ฆ India Car Airbag Market https://www.maximizemarketresearch.com/market-report/india-car-airbag-market/17161/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656

๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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๐‘๐š๐ฐ ๐๐ž๐ญ ๐…๐จ๐จ๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ The global raw pet food market is gaining traction, driven by the rising demand for natural and minimally processed pet food options. With a market size valued at USD 7387.57 Million in 2023, it is projected to grow at a robust CAGR of 10.16% during the forecast period from 2024 to 2030, reaching USD 14546.03 Million by the end of 2030. This press release explores country-specificโ€ฆ
Zircon Sand Market to Reach USD 3.99 Billion by 2030, Growing at a CAGR of 8.2%
01-15-2025 | Chemicals & Materials
MAXIMIZE MARKET RESEARCH PVT.LTD
Zircon Sand Market to Reach USD 3.99 Billion by 2030, Growing at a CAGR of 8.2%
Zircon Sand Market Overview The global zircon sand market is witnessing substantial growth, driven by its applications across various industries, including ceramics, refractories, and foundries. Valued at USD X billion in 2023, the market is expected to reach USD Y billion by 2030, growing at a CAGR of Z% from 2024 to 2030. This press release provides a comprehensive analysis of the market dynamics, country-specific developments, and recent trends. ๐“๐จ ๐ฅ๐ž๐š๐ซ๐ง ๐ฆ๐จ๐ซ๐ž,โ€ฆ
Automotive Brake Caliper Market to Reach USD 21.53 Billion by 2030, Growing at a 4% CAGR
01-15-2025 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT.LTD
Automotive Brake Caliper Market to Reach USD 21.53 Billion by 2030, Growing at a โ€ฆ
Automotive Brake Caliper Market Overview The Global Automotive Brake Caliper Market is witnessing significant advancements driven by technological innovations and the surging demand for efficient braking systems. The market was valued at USD X billion in 2023 and is projected to grow at a CAGR of X% from 2024 to 2030, reaching USD X billion. This press release explores country-specific growth, opportunities, trends, consolidation, and updation in the market across Vietnam,โ€ฆ
Account Reconciliation Software Market to Reach $8.10 Billion by 2030, Growing at a 14.6% CAGR
01-15-2025 | IT, New Media & Software
MAXIMIZE MARKET RESEARCH PVT.LTD
Account Reconciliation Software Market to Reach $8.10 Billion by 2030, Growing a โ€ฆ
Account Reconciliation Software Market Overview Global Account Reconciliation Software Market Poised for Growth The global account reconciliation software market is projected to experience substantial growth, reaching a market valuation of USD X billion by 2030, growing at a CAGR of X.X% from 2024 to 2030. This growth is driven by the increasing adoption of automated financial solutions and advancements in AI and cloud technologies. ๐“๐จ ๐ฅ๐ž๐š๐ซ๐ง ๐ฆ๐จ๐ซ๐ž, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐œ๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/104828/โ€ฆ

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Vision Guided Robotic Systems Market Size 2022 - FANUC(Japan), KUKA(Germany), AB โ€ฆ
The Vision Guided Robotic Systems Market research report also provides an in-depth analysis of key players in the market, including their company profiles, business offerings, recent development, market strategies, and critical observation related to the product. The research study provides extensive coverage of the Vision Guided Robotic Systems Market size across all industries and businesses. In addition, it offers detailed insights into market size and growth depending upon various segmentsโ€ฆ
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Japan Agriculture Market, Japan Agriculture Industry, Japan Agriculture Livestoc โ€ฆ
The agriculture sector is a very significant sector in Japan. Agriculture sector exists in every part of country, but is especially essential on the northern island of Hokkaido that accounts for approximately 10% of national production. Modern methods such as commercial fertilizers, hybrid seeds, insecticides, and machinery, have been used so efficiently in farming. Japan is the second major agricultural product importer in the world (after the U.S.). Almost allโ€ฆ
02-15-2019 | IT, New Media & Software
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Car Navigation ECU Market 2019: Top Key Players are AW Software (Japan), Contine โ€ฆ
Car Navigation ECU Market 2019 Report analyses the industry status, size, share, trends, growth opportunity, competition landscape and forecast to 2025. This report also provides data on patterns, improvements, target business sectors, limits and advancements. Furthermore, this research report categorizes the market by companies, region, type and end-use industry. Get Sample Copy of this Report@ https://www.researchreportsworld.com/enquiry/request-sample/13844912 Global Car Navigation ECU market 2019 research provides a basic overview of the industryโ€ฆ
01-15-2019 | IT, New Media & Software
Research Reports Inc
Global Car Navigation ECU Market Outlook to 2023 โ€“ AW Software (Japan), Contin โ€ฆ
An automotive navigation system is part of the automobile controls or a third party add-on used to find direction in an automobile and the ECU is the core part control it. Car Navigation typically uses a satellite navigation device to get its position data which is then correlated to a position on a road. According to this study, over the next five years the Car Navigation ECU market will register aโ€ฆ
01-14-2019 | Business, Economy, Finances, B โ€ฆ
Market Research Hub
Global Car Navigation Parts Market Research Report 2019-2025 ย | Global Key Play โ€ฆ
This research report titled โ€œGlobal Car Navigation Parts Marketโ€ Insights, Forecast to 2025 has been added to the wide online database managed by Market Research Hub (MRH). The study discusses the prime market growth factors along with future projections expected to impact the Car Navigation Parts Market during the period between 2018 and 2025. The concerned sector is analyzed based on different market factors including drivers, restraints and opportunities inโ€ฆ
12-28-2018 | Business, Economy, Finances, B โ€ฆ
Global Automotive 3D Scanning Laser Radar (3D-LiDAR) Market
Global Automotive 3D Scanning Laser Radar (3D-LiDAR) Market 2019-2025 | Velodyne โ€ฆ
Researchmoz added Most up-to-date research on "Global Automotive 3D Scanning Laser Radar (3D-LiDAR) Market Insights,Forecast to 2025" to its huge collection of research reports. 3D LiDAR uses a pulsed laser to detect distance, velocity and angle with high precision. LiDAR can classify objects, detect lane markings, and may also be used to accurately position an autonomous vehicle relative to a high definition map. 3D LiDAR is prominent, as it is a keyโ€ฆ