Over the past few years, there has been an increase in the use of Unmanned Aerial Vehicles (UAVs). The various advantages of UAVs are safety in airspace and their ability to enable the beyond visual line of sight operation. According to the market intelligence report by BIS Research titled, ‘Global UAV Sense and Avoid System Market-analysis and Forecast (2017-2022),’ the market for UAV sense and avoid system accounted the value $508.7 million in the year 2016 million, with commercial application holding the highest share. The prominent share of the commercial sector is attributed to the rise in demands of drones equipped with sense and avoid system across commercial applications such as inspection, delivery, first responder, and aerial imaging, among others.
The escalating number of on-road vehicles has provided the automotive industry with ample opportunities for innovation and development, and Light Detection and Ranging (LiDAR) system is the latest disruption in the ever evolving automotive industry. Currently, the industry is experiencing a surge in the demand for driver assistance technology. The automotive industry is integrating features such as adaptive cruise control, parking assistance, lane departure warning, automated emergency brakes, and blind spot detection in the vehicles, for enhanced safety features and improved driver’s experience.