Automotive LiDAR Market Growth Steady at 30.4% CAGR to Reach $ 4,348.09 Billion by 2027

The global automotive LiDAR market accounted to US$ 415.1 Mn in 2018 and is expected to grow at a CAGR of 30.4% during the forecast period 2019 - 2027, to account to US$ 4,348.09 Mn by 2027.

The Automotive LiDAR Market report provides a detailed overview of the industry including both qualitative and quantitative information. Automotive LiDAR facilitates safer driving experience and reducing road accidents caused due to human error. The automotive LiDAR market by type is further segmented into solid-state LiDAR and flash LiDAR. The solid-state LiDAR instead of using conventional motors, they use semiconductor solutions to steer light or scan or the scene. Whereas, in the flash LiDAR, the laser beam is not scanned on the scene, however, the last is lightened at once, which results into no requirement of moving part. It is foreseen that the solid-state LiDAR segment of automotive LiDAR market is expected to witness a significant growth rate in the coming years.

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Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Automotive LiDAR market
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The global market for automotive LiDAR market is segmented on various parameters such as type, component, product, application, and geography. Based on type, solid-state LiDAR segment dominate the automotive LiDAR market heavily and is expected to continue its dominance throughout the forecast period from 2019 - 2027. On the basis of component, photodetectors segment is expected to witness a significant growth rate in the coming years. Further, based on application, passenger cars led the market in 2018 with a maximum market share and is expected to continue its dominance during the forecast period. Key players operating in the market are introducing attractive solutions and are partnering with the small as well as large companies which is helping them to gain customer traction. The major companies offering automotive LiDAR market include Continental AG, Denso Corporation, Innoviz Technologies, Ltd., Luminar Technologies, Inc., Omron Corporation, Panasonic Corporation, Trilumina Corporation, Valeo SA, Velodyne LiDAR, Inc., and Xenomatix N.V. among others. Several other companies are also offering these LiDAR products and solutions to automotive industry which is facilitating the market to propel over the years.

The companies in the market are expanding substantially. For instance, in 2018, Innoviz Established Presence in Four New Regions and enhanced manufacturing abilities, aligning with the company's mission to provide LiDAR solutions that are available and affordable at a massive scale. Innoviz has expanded globally with the opening of offices in four new countries including the U.S., Germany, China and Japan. Further, in the same year, Continental and EasyMile inaugurated new autonomous driving R&D team in Singapore. The new joint team's work focus was to develop new technology centered on perception and deep learning and to prepare autonomous vehicle (AV) technology for tests towards safe deployments on private grounds and public roads in the Singaporean metro area.

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Table of Contents:

1. Introduction

2. Key Takeaways

3. Research Methodology

4. Automotive LiDAR Market Landscape

5. Automotive LiDAR Market - Key Market Dynamics

6. Automotive LiDAR Market - Global Market Analysis

7. Automotive LiDAR Market - Revenue and Forecasts to 2027 - Product Type

8. Automotive LiDAR Market - Revenue and Forecasts to 2027 - Application

9. Automotive LiDAR Market - Revenue and Forecasts to 2027 - Compound

10. Automotive LiDAR Market Revenue and Forecasts to 2027 - Geographical Analysis

11. Industry Landscape

12. Automotive LiDAR Market, Key Company Profiles

13. Appendix

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