LiDAR for Cars and Light Trucks Market to Observe Strong Development by 2023 | Pioneer, Valeo, Continental, Velodyne, 3DEO

Researchmoz added Most up-to-date research on "LiDAR for Cars and Light Trucks Market Size, Shares - Industry Trends, Strategies, and Forecasts, Worldwide, 2017 to 2023" to its huge collection of research reports.

The LiDAR for Cars and Light Trucks market report [8 Year Forecast 2018-2026] focuses on Major Leading Industry Players, providing info like company profiles, product type, application and regions, production capacity, ex-factory price, gross margin, revenue, market share and speak to info. Upstream raw materials and instrumentation and downstream demand analysis is additionally administrated. The LiDAR for Cars and Light Trucks market business development trends and selling channels square measure analyzed. From a global perspective, It also represents overall LiDAR for Cars and Light Trucks industry size by analyzing qualitative insights and historical data.

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LiDAR sensors are extensively used in automated cars and light trucks as they help in safe navigation by detecting obstacles and avoiding them. As most of the original equipment manufacturers (OEMs) and tier-1 players within the global automobile industry are working towards automated driving, the global market for LiDAR will witness a high growth in the years to come. The demand for LiDAR technology is high as they help in achieving level 3 and level 4 in automation of vehicles. While level 3 still requires drivers for cars and light vehicles to function, all the safety critical functions relating to the environment or traffic can be shifted to the vehicle. Level 4 vehicles can monitor roadway conditions for the entire trip and perform all the safety-critical driving functions. With an increasing number of car manufacturers striving to expand the autonomous driving concept and the shift towards unmanned vehicles, the market for LiDAR has huge potential for growth.

Worldwide markets are poised to achieve significant growth as LiDAR sensors for cars and light trucks permit users to implement automated driving. Fleet vehicles from Uber, Google and similar users are likely to be the early adopter groups, creating vehicles that do package delivery and ride sharing. Tesla, Mercedes, and Audi are among the vendors with a leadership position in the personal luxury vehicle artificial intelligence LiDAR car markets. These cars provide performance and cater to individual preference in feature function packages and styling.

LIDAR stands for light detection and ranging which is remote sensing. LIDAR does not require electromagnetic radiation but it requires laser pulses that strike the object and return back to the sensor. The laser pulse measures the distance from the sensor to the object by determining the time between the release to reception of the reflected pulse.

LiDAR for autonomous autos and small trucks /SUVs market at $13 million in 2016 is expected to reach $9.9 billion by 2023. This is in the context of a $3 trillion market for the autonomous vehicles. LiDAR represents one sensor in the autonomous navigation system. It is used to give more reliability than is available from cameras and other sensors and it compliments those capabilities. Spectacular growth is a result of various moves toward autonomous vehicles that can go across the US by themselves, provide automated navigation,, integrated braking and steering. Most auto vendors have gone beyond the testing stage to offer vehicles that have strong navigation capability.

Safety modules are complimented by mapping vehicles that provide navigation. The Tesla and other vehicles provide driver alerts but fall sort of complete Artificial Intelligence (AI).

Market driving forces relate primarily to the need for increased safety and personalization for autos. Car manufacturers are positioning with LiDAR sensors for cars to meet demand at the high end, and in every category of car and light truck. Many Artificial Intelligence (AI) vehicle car vendors are making automation for personal vehicles and light trucks a reality.

Companies Profiled

Market Leaders

Pioneer
Valeo
Continental
Velodyne
3DEO
MIT Lincoln Lab

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Key Topics

Auto Artificial Intelligence
Automotive
Automated driving
Automated vehicles
Autonomous vehicles
in-vehicle compute, Infiniti, Internet of things
AI machine learning
Mobileye
Robot Cars and Trucks
Robot steering
Robot braking
Robot automotive systems
Autonomous functions for vehicles
Collision avoidance
Automated parking
Robot Parking
Robot test driving
Car cameras
Car LiDAR
Car radar
Truck follow me systems
Radar based monitoring systems
Lane assist
Adaptive cruise control

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