Europe LiDAR Market 2022 Competitive Insights and Outlook- Quanergy Systems Inc., Denso Corporation, Neptec Technologies Corp

Europe LiDAR Market 2022-2027 is a comprehensive report which provides a detailed overview of the major driver, opportunities, challenges, current market trends and strategies impacting the Global Europe LiDAR Market in conjunction with calculation and forecast of size, share, and growth rate analysis. Combining the analysis capabilities and knowledge integration with the relevant findings, the report has foretold the robust future growth of the Europe LiDAR Market all told its geographical and merchandise segments.

The Europe LiDAR market is expected to register a CAGR of 24% during the forecast period (2022 - 2027). 

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The Global Europe LiDAR Market is highly competitive and consists of a number of Major Key Players are: Leica Geosystems Ag, Topcon Corporation, Riegl Laser Measurement Systems GmbH, Velodyne Lidar Inc., Quanergy Systems Inc., Phantom Intelligence Inc., Neptec Technologies Corp., Innoviz Technologies Ltd, Geoslam, Sick Ag, Trimble Inc., TELEDYNE Optech, Denso Corporation, Faro Technologies Inc. others.

Industry News:

- In June 2022 - Quanergy Systems, which offers LiDAR sensors and smart perception, announced a partnership with Milexia, a distributor of RF and microwave components for the electronics industry, to expand its offerings in Europe.
- In May 2019 - Leica Geosystems launched its Leica Cyclone FIELD 360 laser scanning mobile-device app, which now works in conjunction with the Leica BLK360 imaging laser scanner, to create a laser scanning ecosystem.

Key Market Trends:

Increasing Adoption of LiDAR in the Automotive Industry_ to Drive the Market Growth
- With the growing consumer propensity toward electric vehicles and the growing adoption of autonomous technology in the industry, the LiDAR market is expected to attract significant investments in the region. For instance, in August 2019, Ouster, a provider of LiDAR sensors for autonomous vehicles, mapping, and robotics, announced its expansion into Europe with a new office in Paris.
- To meet the growing demand for LiDAR sensors, various automobile OEMs have started working on new electric cars and presenting them at auto expos. Additionally, these OEMs have started setting up multiple factories across the region to gain a competitive advantage in terms of first-mover advantage in the marketplace. 

Engineering_ Industry to Hold Significant Market Share

- Surveying and civil engineering find crucial importance in the LiDAR technology for the aerial and terrestrial scanning, to provide valuable insights as to the existing architecture or details regarding the stability of the inclinations and other factors, which could play a vital role in the development of the plans for construction and other operations.
- UAVs (unmanned aerial vehicle) are also being used for surveying applications as they eliminate the challenges faced by technicians who use fixed solutions in hazardous or dangerous areas. Also, considering the advantages of cost reduction compared to helicopters with LiDAR technologies, UAVs integrated with LiDAR are expected to gain traction. 

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The key insights of the Europe LiDAR Market report:

The report provides key statistics on the market status of the Europe LiDAR Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
The Europe LiDAR Market report presents the company profile, product specifications, capacity, production value, and 2016-2021 market shares for key vendors.
The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
The report estimates 2022-2027 market development trends of Europe LiDAR Market.
Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
The report makes some important proposals for a new project of Europe LiDAR Market Industry before evaluating its feasibility.

Finally, Europe LiDAR Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Automotive Actuators industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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