The MEMS LiDAR market is projected to grow at a CAGR of 110.50% during the forecast period, reaching a total market size of US$56.173 million in 2024 from US$0.646 million in 2019. North America and Europe region are required to have a critical piece of the overall market because of the developing automobile sector and variation of innovation in the region. In addition, interest in computerized vehicles is likewise expanding in the locale which is further inspiring the development of the mems lidar market.