Automotive LiDAR Market Growth Analysis 2024 By Top Players Argo, Benewake, Cepton, Continential, AEye, Hesai, IFM, Innoviz Technologies, LeddarTech, LeiShen Intelligent System, Luminar, Ocular Robotics & more

MarketStudyReport.com Adds New Automotive LiDAR Market 2018 – 2024 research report studies the industry based on one or more segments covering key players, types, applications, products, technology, end-users, and regions for historical data as well as provides forecasts for next few years.

North America is dominating the automotive LiDAR market and accounts for over 70% of the total market. This growth can be attributed to the presence of a large number of automakers and tech giants. They have adopted various strategic initiatives to advance the automotive LIDAR technology. For instance, in 2017, LeddarTech, a provider of autonomous LiDAR solutions, partnered with Delphi, a developer of autonomous driving technology, to develop cost-effective automotive LiDAR solutions. Furthermore, the presence of a comprehensive regulatory framework has allowed various automakers to conduct tests of autonomous vehicles on public roads and freeways.

Players operating in the global Automotive LiDAR market include Argo, Benewake, Cepton, Continential, AEye, Hesai, IFM, Innoviz Technologies, LeddarTech, LeiShen Intelligent System, Luminar, Ocular Robotics, Omron, Oryx, Ouster, Panasonic, Quanergy, Robosense, Sense Photonics, Strobe, Sure Star, Tetravue, Valeo, Velodyne, Xenomatix.

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Historical data from 2013 is provided for Automotive LiDAR Market along with estimates and forecasts to 2024 based on segmentation of Automotive LiDAR industry by Type, By Vehicle, companies and regions. Previous years’ data offers fact based information on trends and growth graph while the forecasts aim to show an outlook of Automotive LiDAR market for the next few years keeping in mind the advancements happening in the sector.

Europe’s automotive LIDAR market will grow at a CAGR of over 60% during the projected timeline. The autonomous industry in the region will grow at a very high pace due to its well-maintained transportation infrastructure and supportive government policies. For instance, in 2015, the Government of the Netherlands established a regulatory framework, which allowed the testing of autonomous vehicles on public roads. In addition, there has been a growth in the number of public-private partnerships, which is further accelerating the growth of the autonomous industry in the country.

The mechanical LiDAR holds the majority share in the automotive LiDAR market. This growth is attributed to the widespread adoption of the technology in various advanced driver assistance system applications. The solid-state LiDAR technology has gained a lot of popularity due to its inexpensive nature and higher performance with regards to the traditional LiDAR sensors. The automakers are currently working on solid-state technology, which is expected to be commercialized by 2020.

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The semi-autonomous vehicle market accounted for over 40% of the total revenue in the automotive LiDAR market in 2017. The market is driven by the increasing number of automotive safety regulations across the globe. For instance, the National Highway Traffic Safety Administration (NHTSA) of the U.S. has mandated all the vehicles to be equipped with advanced driver assistance systems by 2020. This has led the automakers to incorporate various advanced driver assistance systems in their automobile. The autonomous vehicle market is anticipated to grow at a CAGR of over 35% over the forecast timeline. The LIDAR sensors allow a self-driving vehicle to generate a 3D model of its surroundings using light pulses to measure the precise distance of the objects within its vicinity.

Table of Content:

Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Automotive LiDAR Industry Insights
Chapter 4. Competitive Landscape
Chapter 5. Global Automotive LiDAR Market, By Type
Chapter 6 Global Automotive LiDAR Market, By Vehicle
Chapter 7. Global Automotive LiDAR Market, By Region
Chapter 8. Company Profiles

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Related Report:

Global Automotive Lidar Sensors Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023

This report focuses on the Automotive Lidar Sensors in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. 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.

https://www.marketstudyreport.com/reports/global-automotive-lidar-sensors-market-2018-by-manufacturers-regions-type-and-application-forecast-to-2023/?utm_source=RR-PSR

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