LiDAR market to be worth over $2 billion by 2024 as more uses emerge
What you need to know
- LiDAR technology is tipped to take off this year.
- A DigiTimes report suggests the market could be worth $2.273 billion in 4 years.
- A LiDAR scanner features in Apple's new iPad Pro, and could appear in the next iPhone.
A report from DigiTimes claims that LiDAR technology may take off over the next few months, and that the industry could be worth over $2 billion by 2024.
According to the report:
A LiDAR scanner features in Apple's new iPad Pro, and is highly tipped to bring vast improvements to the AR capabilities of the device. It has also been suggested that Apple may include LiDAR in the 'Pro' models of the iPhone 12.
It's very cool to see how, as this technology becomes more mainstream, uses for LiDAR could extend into the world of autonomous vehicles, constructing and drone use, as well as in Apple's mobile tech.
What is LiDAR, and why do I want it in my iPad?
Apple's latest and greatest
The fourth generation of iPad Pro brings an updated processor, dual rear cameras, and a LiDAR sensor for augmented reality. The new trackpad support in software and upcoming Magic Keyboard might just change the way many use their iPads.
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Stephen Warwick has written about Apple for five years at iMore and previously elsewhere. He covers all of iMore's latest breaking news regarding all of Apple's products and services, both hardware and software. Stephen has interviewed industry experts in a range of fields including finance, litigation, security, and more. He also specializes in curating and reviewing audio hardware and has experience beyond journalism in sound engineering, production, and design.
Before becoming a writer Stephen studied Ancient History at University and also worked at Apple for more than two years. Stephen is also a host on the iMore show, a weekly podcast recorded live that discusses the latest in breaking Apple news, as well as featuring fun trivia about all things Apple. Follow him on Twitter @stephenwarwick9