Automotive LiDAR Market Trends & Forecast | Velodyne LiDAR, Aptiv, Magna International, ZF group, Audi, BMW, Tesla, Volvo, Continental

The global automotive LiDAR market - a rapidly growing vertical of the automotive sector, has been strongly consolidating its stance in its parent industry since the last half a decade or so. This business space, valued at over $150 million in 2017, has been depicting commendable growth particularly on account of the fact that sensor technology has become the primary methodology for many automatic and semi-automatic vehicles to sense their surroundings.

Back in the day, LiDAR was majorly used in aerospace, military, meteorological and robotics sectors, however, with the advent of artificial intelligence which has made assisted driving a reality, the commercialization scope of automotive LiDAR market has been on an incline.

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The expansion of the global automotive market is expected to further propel automotive LiDAR market growth as automakers across the world continue to invest in research and development activities to develop and incorporate semi-autonomous and autonomous vehicles in their respective product portfolios.

Automotive LiDAR market has also tastes success on account of the fact that other players such as General Motors Co. have been making inroads in this vertical. GM has been intending to deploy a ride-hailing service using an autonomous version of its Chevrolet Bolt - a version that won't have a steering wheel or pedals - by the end of 2019.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Argo
2. Benewake
3. Cepton
4. Continential
5. Aeye
6. Hesai
7. IFM
8. Innoviz Technologies
9. LeddarTech
10. LeiShen Intelligent System
11. Luminar
12. Ocular Robotics
13. Omron
14. Oryx
15. Ouster
16. Panasonic
17. Quanergy
18. Robosense
19. Sense Photonics
20. Strobe
21. Sure Star
22. Tetravue
23. Valeo
24. Velodyne
25. Xenomatix

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To that end, GM has also received a $2.25 billion support form SoftBank Vision Fund. Driven by the significant efforts undertaken by automakers such as Alphabet and GM, the overall automotive LiDAR market size from autonomous vehicles is projected to grow at a CAGR of 35% over 2018-2024.

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