High Rate of Adoption of New Technologies Favors the Growth of Automotive Lidar Sensors Market

The report defines the automotive LiDAR sensors market as a Light Detection and Ranging technology used to measure the distance between the obstacles by using light in the form of pulsed laser. The LiDAR sensor used in the automotive is used to perceive the object in the surroundings such as speed breakers, pedestrians, dividers, and other vehicles at the speed of light. In addition, LiDAR sensors are capable of proving 3D representation of the obstacle and delivers high resolution image of surrounding.

Ongoing developments in the automotive vehicles are driving the growth of LiDAR sensors market. The popularity of the autonomous or self-driving cars are driving rapidly. The LiDAR sensors are usually mounted outside of the vehicles so they are able of create the 360° view of the surroundings. LiDAR sensor provide distance and the shape of the object and gives the information about the obstacles the vehicle should avoid. The extremely high accuracy provided by the LiDAR sensors increases its adoption in the automotive vehicles and self-driving cars. In addition, growing number of road accident deaths and injuries are likely to boost the growth of automotive LiDAR sensor market.

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Segmented by Application

The application segment of global LiDAR market covers advanced driver assistance systems [ADAS], and autonomous vehicle applications. Nowadays, the automotive manufacturers are started to integrate the Advanced Driver Assistance Systems (ADAS) in their vehicles. The LiDAR sensor is an important part of the advanced driver assistance systems system. The driver assistance system uses human-machine interfacing that allows the vehicle to communicate with the driver during the vehicle mobility. ADAS system assists the driver to during driving process and further increase vehicle safety. The growing demand for automotive safety features is driving the growth of automotive LiDAR sensors market.

The autonomous cars are driverless cars that guided itself by analyzing the surrounding environment without requiring a human usually called as robot car or self-driving car. They uses sensors such as LiDAR, radar and others integrated with software systems to control the moving vehicle.

Segmented by Geography

Among the regions covered in the scope of the global LiDAR sensors market report, Europe holds the maximum market share in this market followed by North America. The strict government regulation regarding the road safety drives the growth of LiDAR sensors market in this region. The Europe commission mandates the use of safety systems in the automobile to exclude deaths and serious injuries on European roads.

In North America, the high rate of adoption of new technologies favors the growth of automotive LiDAR sensors market in this region. In addition, Asia Pacific is the fastest growing region in this market. The growing rapidly automotive industry and rising disposable income are contributing to the growth of LiDAR sensors market In Asia Pacific.

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Competitive Landscape

The global automotive LiDAR sensors market provides profiles of the companies including Continental, LeddarTech, Velodyne LiDAR, Quanergy Systems, Robert Bosch GmbH, Delphi Automotive, DENSO, Ibeo Automotive Systems, Teledyne Optech, and Innoviz Technologies.

The various key players in the automotive LiDAR MARKET are more focusing on the advancements in the sensors technology. The companies such as Continental, Robert Bosch GmbH, Delphi Automotive, Velodyne LiDAR are investing more in the research and development activity that will further helps them to launch new and advanced products. 

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