Military Embedded Systems

Topic: Lidar

Sensors used in naval applications will increase sales 5% annually to 2029, study says

April 28, 2021

AMSTERDAM. The global market for naval sensors -- which had a market value of roughly $5 billion as of 2020 -- is expected to increase at a 5% combined annual growth rate (CAGR) until at least 2029, according to a new market study from Market Forecast, "Global Naval Sensors -- Market and Technology Forecast to 2029."