A Comprehensive Study exploring LiDAR Sensor Market
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LiDAR Sensors (The Light Detection and Ranging sensors) are also known as navigation assistants. Which are used to improve a vehicles navigation capabilities by detection and avoidance of obstacles enroute. LiDAR are detection and survey systems to evaluate the nearness of an object. A LiDAR system consists of components like a laser, a scanner and a specialized GPS receiver. Some of the applications of LiDAR system includes adaptive cruise control systems, automatic speed control, and braking systems. LiDAR sensors have vital contributions in the development of autonomous cars and 3D mapping of vehicle’s surrounding.
Market Drivers, Challenges and Trends of LiDAR sensors Market:
The need of best quality sensors and increase in administrative regulations are the key drivers for the growth of LiDAR sensors market. LiDAR sensors ability to work in the absence of light makes them more popular amongst the customers thus drives in growing sales. These sensors work reliably and consistently under a wide range of environmental conditions, such as rain, snow, heat, mist, dust, and low light, hills, tunnels. With the use of LiDAR sensors end users get risk free travels thus it drives more customer attraction.
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1. High production cost.
2. Scarcity of skilled workers for manufacturing sensors.
3. Complex manufacturing processes.
4. Challenge of providing risk free, reliable, consistent and cheaper LiDAR sensors.
5. Lack of manufacturers, channel partners.
Low cost LiDAR sensors will provide traction for rapid expansion of market since the cheaper sensors will minimize the production cost of autonomous vehicles. The ADAS (Advanced driver assistance systems) equipped vehicles will be trending in future as ADAS provides customised automation tools. Also the auto bots made with LiDAR sensors will be the upcoming trends in future.
Key Players in LiDAR market:
1. Delphi Automotive(UK)
2. PLC (UK)
3. Continental AG (Germany)
4. ZF Friedrichshafen AG (Germany)
5. Infineon Technologies AG (Germany)
6. Velodyne LiDAR, Inc. (U.S.)
7. Texas Instruments, Inc. (U.S.)
8. LeddarTech, Inc. (Canada)
9. First Sensor AG (Germany)
10. Quanergy Systems, Inc. (U.S.)
11. Innoviz Technologies, Ltd. (Israel).
Segmentation of LiDAR market:
1. North America
5. Rest of Europe
5. Rest of Asia-Pacific
1. Latin America
2. Middle East
1. Semi-autonomous vehicles
2. Autonomous vehicles
1. Solid state
By Vehicle Type
3. Battery electric
1. Automotive LiDAR manufacturers
2. LiDAR experts
3. LiDAR software developers
4. Chip manufacturers
5. System integrators
6. Headlight and taillight manufacturers
7. Autonomous technology experts
8. Industry experts
9. Government and Corporate Agencies
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Some extract from Table of Contents
1. Research Methodology
1.3. Research Scope and Assumptions
1.4. List of data sources
2. Executive summary
2.1. Market overview
2.3. Segmentation Outlook
2.3.1. By Product
2.3.2. By Operation
2.3.3. By Sales Channel
2.3.4. By Region
3. Market Introduction
4. Market Insights
4.1. Market segmentation
4.2. Industrial value chain
4.3. Key raw material
4.3.1. Manufacturing process analysis
4.3.2. Cost analysis
4.4. Market dynamics
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