The Automotive LiDAR Market research report is a comprehensive and vital document encompassing business strategies, qualitative and quantitative analysis, and emerging trends of the global Automotive LiDAR market. The report offers in-depth research and assessment of the key elements of the global Automotive LiDAR market. The research analysts have formulated this report through thorough primary and secondary research with a detailed analysis of the drivers, restraints, challenges, trends, and opportunities to provide a panoramic view of the Automotive LiDAR market.
The advancement in automotive technology and the increase in automotive safety regulations are driving the demand for the market.
The benefit of the LiDAR may drive its demand, but the high cost and low durability of the currently existing technology will affect its demand among the automotive industry. Several companies have avoided using this technology owing to its less durability and limited range. However, manufacturers are seeing it as an upcoming technology in the industry and are engaging in updating the current technology. Velodyne Company, in 2017, established a LiDAR factory in California to ramp up its LiDAR product portfolio.
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Key Highlights From The Report
- The high demand for solid-state LiDAR is due to its cost-effective nature. Built on a silicon chip, a solid-state LiDAR is smaller and more irrepressible to vibrations. It can also adjust its directional focus, which is desirable for autonomous vehicle designers.
- The autonomous vehicle is witnessing an increased demand as it helps reduce traffic congestion resulting in the efficient delivery of goods and services. It also facilitates better fuel efficiency and reduces carbon monoxide emission.
- Key participants include Delphi Automotive PLC, ZF Friedrichshafen AG, Velodyne LiDAR, Inc., First Sensor AG, Continental AG, Infineon Technologies AG, Texas Instruments Incorporated, Quanergy System Inc., Leddartech Inc., and Innoviz Technologies Ltd., among others
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Emergen Research has segmented into the global Automotive LiDAR Market on the basis of image type, technology, vehicle type, application, location, and region:
- Image Type Outlook (Revenue, USD Billion; 2017-2027)
- 2D Image Type
- 3D-Image Type
- Technology Outlook (Revenue, USD Billion; 2017-2027)
- Solid-State LiDAR
- Mechanical/Scanning LiDAR
- Vehicle Type Outlook (Revenue, USD Billion; 2017-2027)
- ICE
- HEV
- PHEV
- Battery Electric
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Autonomous Vehicle
- Semi-autonomous vehicle
- Location Outlook (Revenue, USD Billion; 2017-2027)
- Bumper Grill
- Headlight Taillight
- Roofs Upper Pillars
- Others (Windscreen, Rear View Mirrors)
Regional Outlook: (Revenue, USD Billion; 2018-2028)
North America (U.S.) (Canada) (Mexico)
Europe (Germany) (UK) (France) (BENELUX) (Rest of Europe)
Asia Pacific (China) (Japan) (South Korea) (Rest of APAC)
Latin America (Brazil) (Rest of LATAM)
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