Press release
Automotive LIDAR Sensors Market Size and Forecast to Grow at a CAGR of 37.38% By 2021
Light detection and ranging (LIDAR) sensing is a technology that measures the distance between the source and the target with the help of the laser light. In the automotive market, the main purpose of LIDAR sensors is to automate the detection of obstacles, which will increase the safety of using navigation system. There are two outputs from the LIDAR sensors, which determine the existence of obstacles. They are cost map and point cloud.
Technavios analysts forecast the global automotive LIDAR sensors market to grow at a CAGR of 37.38% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global automotive LIDAR sensors market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Automotive LIDAR Sensors Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
Continental
LeddarTech
Quanergy Systems
Velodyne LIDAR
Other prominent vendors
Bosch
Delphi Automotive
DENSO
First Sensor
HELLA
Ibeo Automotive Systems
Novariant (AgJunction)
Phantom Intelligence
PulsedLight (Garmin)
Teledyne Optech
Trilumina
Valeo
Innoviz
Facet Technology (Google)
Xenomatix
Princeton Lightwave
Neptec Design Group
TetraVue
Market driver
Rapid progress in autonomous vehicles
For a full, detailed list, view our report
Market challenge
Lower volume of production of LIDAR sensors resulting in higher cost
For a full, detailed list, view our report
Market trend
Intelligent transportation
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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