Quanergy Systems, Inc.-Company profile, Business Overview, Financial Performance, Operating Segments, Strategic Moves, and Competitive Intelligence Report

LIDAR is an acronym for Light Detection and Ranging, a remote sensing technology that measures the distance of the target with a laser. It’s a narrow laser beam, which maps physical features with high resolution. It is been used in various application such as geomatics, geology, seismology, archaeology, forestry, remote sensing, etc. This technology was only been used by government and military services initially. Currently, LIDAR technology is being used in commercial sectors due to various technological advancements and cost effective solutions, which makes the current LIDAR market very attractive.