Advancements and Applications of LiDAR Technology in the Modern World: A Comprehensive Review

Due to the automobile industry, the LiDAR market is expanding quickly, with more than 100 businesses creating 3D ADAS solutions. 25 automotive LiDAR start-ups with a wide range of innovative imaging structures and measurement methods received investment of at least USD 10 million in 2019. This article does a review of the most well-known brands and manufacturers that best exemplify automotive LiDAR technology. It also discusses additional technologies, including simulators, development platforms, and chip-based solutions, that have arisen to support LiDAR research. Automotive LiDAR (Light Detection and Ranging) is a form of sensing that makes use of laser beams to map the surroundings in three dimensions and estimate distances. Because to its capacity to deliver extremely precise and dependable data for applications involving autonomous driving, it has gained more and more traction in the automobile sector [1].