Global Automotive LiDAR Market

Automotive LiDAR Market at a CAGR of slightly above 28.2% between 2019 and 2025

Global Automotive LiDAR Market
Automotive LiDAR Market

The report is titled “Automotive LiDAR Market By Application (Automatic Emergency Braking, Semi-Autonomous Cars, and Others), By Technology (Solid-State LiDAR and Mechanical/Scanning LiDAR), By Location (Roof, Headlights & Taillights, Bumper & Grill, and Others), By Image Projection (2D and 3D), and By Component (Laser, Inertial Navigation System, Camera & GPS/GNSS Receiver According to the report, the worldwide automotive LiDAR market was worth USD 128 million in 2018 and is projected to reach USD 731 million by 2025, expanding at a CAGR of slightly more than 28.2 percent between 2019 and 2025.

The study analyses and anticipates the worldwide and regional automotive LiDAR market. The report provides historical data from 2016 to 2018 and revenue projections from 2019 to 2025. (USD Million). The analysis of the market dynamics for automotive LiDAR provides an overview of market drivers and restraints, as well as their influence on demand over the coming years. In addition, the paper contains a global analysis of the market opportunities for automotive LiDAR.

The Researchpaper provides a comprehensive analysis of the automotive LiDAR market. We have included a comprehensive competition landscape and portfolio of the major automotive LiDAR market players. In order to comprehend the competitive landscape of the automotive LiDAR industry, an analysis of Porter’s Five Forces model has also been provided. The study includes an analysis of market attractiveness, in which all segments are compared based on market size, growth rate, and overall attractiveness.

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Automotive LiDAR systems utilise pulsed laser light to determine the distance between two cars by lighting the target and detecting the reflected pulses. In response to abrupt changes in traffic circumstances, an automotive system employs LIDAR to manage the speed and brake systems automatically. Primarily, it is employed in semi- or fully-autonomous vehicle assistance features, such as collision warning and avoidance systems, blind-spot monitors, lane-keep assistance, lane-departure warning, and adaptive cruise control. Sonar and radar technologies were formerly employed in the automotive sector; now, automotive LiDAR has superseded them in automated systems. This is necessary to meet the data requirements, as the level of vehicle automation has increased, bringing with it benefits like greater precision and the capture of real-time data. LiDAR systems can detect things from a few meters to more than one thousand meters away.

The following are the study’s Major Objectives.

  • To define, categorize, and forecast the automotive LiDAR market (2016-2021) in terms of volume (thousands of units) and revenue (USD million)
  • To give a comprehensive understanding of the forces influencing the automotive LiDAR industry (drivers, restraints, opportunities, and challenges)
  • To examine regional markets in terms of growth patterns, future prospects, and their contribution to the total market.
    To segment and forecast the market by application, by kind, by location, by image type, by vehicle type, and by region, specifically North America, Europe, Asia-Pacific, and the Rest of the World.
  • To split the automotive LiDAR market by application into semi-autonomous and autonomous cars and to anticipate the market size by volume and value.
  • To segment the automotive LiDAR market by type – solid state, flash, and scanning/mechanical – and to forecast market size by volume and value.
  • To segment the automotive LiDAR market based on image type – 2D and 3D – and to forecast market size by volume and value.
  • To segment the automotive LiDAR market and forecast its size, by volume and value, by passenger car type – internal combustion engine (ICE), battery electric vehicle (BEV), and hybrid.
  • To monitor and analyze competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other actions conducted by major industry players.

Target Players for Research

  • Automotive LiDAR manufacturers
  • LiDAR experts
  • LiDAR software developers
  • Chip manufacturers
  • System integrators
  • Headlight and taillight manufacturers
  • Autonomous technology experts
  • Industry experts

Critical questions the report answers:

  • Where will all these developments take the industry in the mid to long term?
  • What are the upcoming technology for LiDAR sensors?

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