Automotive Lidar Market is Expected to Grow at a Significant CAGR from 2018 to 2025

Allied market Research announces a report, “Automotive LiDAR Market by Application (Advanced Driver Assistance System (ADAS), Automatic Emergency Braking, and Adaptive Cruise Control), Product Type (Terrestrial/Static, Aerial, Mobile, and Short-range), and Components (Laser, Inertial Navigation System, Camera, GPS/GNSS Receiver, and Micro Electro Mechanical System) - Global Opportunity Analysis and Industry Forecast, 2018-2025.” The report is a useful resource for market players, investors, stakeholders, and new entrants to understand the overall market status for the historic period 2014-2017 and the forecast period 2018-2025. It also helps in making decisions for expansion and identifying opportunities for business growth.

The report provides a detailed analysis of the entire automotive lidar market, covering the key market segments, market landscape, research methodology, market size and share, market dynamics, market forecast, and major market players. The information in the report is a result of an extensive primary and secondary research along with opinions from industry experts.

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The market dynamics is explained with the help of drivers, opportunities, and restraints. The demand for automotive lidar is growing due to the growing adoption of ADAS technology and increasing concerns over road fatalities. In addition, the rising popularity of autonomous vehicle is expected to boost the demand of automotive LiDAR market. Nonetheless, the high cost of existing LiDAR technologies and failure of LiDAR to detect environments in heavy rain/snow or foggy environment impede the growth of the industry.
A detailed segmentation of the automotive lidar market is provided in the report. The market is segmented based on application, product type, components, and geography. Based on application, the market is divided into advanced driver assistance system (ADAS), automatic emergency braking, and adaptive cruise control. The product type segment is bifurcated into terrestrial/static, aerial, mobile, and short-range. The components segment is classified into laser, inertial navigation system, camera and GPS/GNSS receiver, and micro electro mechanical system. Geographically, the market analysis is covered for North America, Europe, Asia-Pacific, and LAMEA.

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The report offers a detailed analysis of the major market players operating in the automotive lidar market. An overview of each player is provided along with the insights into their business segments and recent developments. These information help market players gain an understanding of the competitive market scenario and determine strategies to gain a competitive advantage. The top operating players in the industry include Airborne Hydrography AB, Leosphere SaS, Faro Technologies Inc., 3D Laser Mapping Inc., Aerometric Inc., Mira Solutions Inc., Optech Inc. (Teledyne Technologies), Quanergy Systems, Inc., Leica Geosystems Inc., Velodyne, and IBEO Automotive Systems GmbH. Among these players, Louay Eldada, CEO of Quanergy, outlined that the company would claim its leading position in the LiDAR market. The fabrication troubles have been put so much behind itself.

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