Press release
Asia-Pacific Automotive LiDAR Sensors Market Expected to Generate 32.7% of CAGR During 2031
According to the report published by Allied Market Research, the global automotive LiDAR sensors market garnered $793.2 million in 2021, and is estimated to generate $11.7 billion by 2031, manifesting a CAGR of 31.7% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.Download Report (PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/2870
COVID-19 Scenario:
The outbreak of the COVID-19 pandemic had negatively impacted various industries, such as automotive, which has led to a drastic decline in automotive sales. As LiDAR is widely used in automotive manufacturing, there was a significant reduction in the automotive LiDAR sensors market.
China is the leading producer and exporter of raw materials required for LiDAR production. However, with China being the epicenter of the coronavirus pandemic, its exports were affected, leading to a decline in LiDAR production.
Sales of LiDAR are directly proportional to the demand from end-use industries, namely automotive. However, the demand for LiDAR in the automotive industry was greatly affected, owing to import-export restrictions, closed borders, and supply chain disruptions due to the outbreak of the COVID-19 pandemic.
The economic slowdown has affected the setup of new LiDAR projects across the world as the majority of government funding has been diverted toward the healthcare sector, owing to the rapid spread of the COVID-19 virus, impacting the market to a great extent.
The research provides detailed segmentation of the global automotive LiDAR sensors market based on type, technology, image type, vehicle type, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.
Interested to Procure The Data? Inquire here at
https://www.alliedmarketresearch.com/purchase-enquiry/2870
Leading market players of the global automotive LiDAR sensors market analyzed in the research include Continental AG, Robert Bosch GmbH, First Sensor AG, Denso Corp, Hella KGaA Hueck & Co., Novariant, Inc., Laddartech, Quanergy Systems, Inc., Phantom Intelligence, and Velodyne LiDAR Inc.
Key Benefit For Stakeholders:
The report provides an exclusive and comprehensive analysis of the global automotive LiDAR sensors market trends along with the automotive LiDAR sensors market forecast.
The report elucidates the automotive LiDAR sensors market opportunity along with key drivers, and restraints of the market. It is a compilation of detailed information, inputs from industry participants and industry experts across the value chain, and quantitative and qualitative assessment by industry analysts.
Porter's five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the market for strategy building.
The report entailing the automotive LiDAR sensors market analysis maps the qualitative sway of various industry factors on market segments as well as geographies. The complete analysis of lidar for automotive market is provided in this study.
The data in this report aims on market dynamics, trends, and developments affecting the automotive LiDAR sensors market growth.
Browse Complete Report at
https://www.alliedmarketresearch.com/automotive-lidar-market
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
About Allied Market Research
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of ""Market Research Reports"" and ""Business Intelligence Solutions."" AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Asia-Pacific Automotive LiDAR Sensors Market Expected to Generate 32.7% of CAGR During 2031 here
News-ID: 2770560 • Views: …
More Releases from Allied Analytics LLP
Heat Meters Market Set to Grow with Rising Demand for Energy Efficiency
According to a new report published by Allied Market Research, the heat meters market size was valued at $1.6 billion in 2022, and is estimated to reach $2.7 billion by 2032, growing at a CAGR of 5.4% from 2023 to 2032.
A heat meter is a device used to measure and quantify the amount of thermal energy (heat) transferred from a heat source to a system or consumer. It accurately measures…
Heat Pump Market Set for Strong Growth Through 2032
According to a new report published by Allied Market Research, the heat pump market size was valued at $71.2 billion in 2022, and is estimated to reach $201.5 billion by 2032, growing at a CAGR of 11.1% from 2023 to 2032.
A heat pump is a versatile and efficient device that transfers heat from one location to another using a refrigeration cycle. It operates by absorbing heat from a low-temperature source…
Energy Efficient Lighting Market Shines Bright with Strong Growth Outlook
According to a new report published by Allied Market Research, the global energy efficient lighting market was valued at $46.2 billion in 2021 and is projected to reach $93.3 billion by 2030, growing at a robust CAGR of 8.1% from 2022 to 2030. This surge reflects a powerful global movement toward greener, smarter, and more cost-effective lighting technologies.
Energy efficient lighting refers to lighting systems and products that use less electricity…
The Future of Energy: How Fuel Cells Are Reshaping Power Generation
According to a new report published by Allied Market Research, titled, "Fuel Cell Market," The fuel cell market size was valued at $3.6 billion in 2020, and is estimated to reach $32.0 billion by 2030, growing at a CAGR of 19.4% from 2021 to 2030.
The fuel cell market has emerged as a transformative force in the global energy landscape, offering a clean, efficient, and sustainable alternative to conventional energy sources.…
More Releases for LiDAR
LiDAR Market Report 2024 - LiDAR Market Demand, Growth, And Segments
"The Business Research Company recently released a comprehensive report on the Global LiDAR Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of…
Automotive LiDAR Market Is Booming Worldwide | Benewake, Garmin, Velodyne Lidar
The "Automotive LiDAR Market" intelligence report, just published by USD Analytics Market, covers a micro-level study of important market niches, product offers, and sales channels. to determine market size, potential, growth trends, and competitive environment, the Automotive LiDAR Market provides dynamic views. Both primary and secondary sources of data were used to generate the research, which has both qualitative and quantitative depth. Several of the major figures the study featured…
LiDAR drone: Illuminating Landscapes through LiDAR-enabled Aerial Mapping
The aerial remote sensing defends critical infrastructure such as airports, banks, government buildings, and military bases among others. The fixed-wing type of drones offer prompt, unfailing, and efficient services to police and military forces since they need to be ready to react to any case quickly and make quick and relevant information. This type of drone is lucrative option compared to manhours and help to make certain public safety during…
LiDAR Technology Market May See a Big Move | Trimble, Velodyne Lidar, YellowScan
Latest Study on Industrial Growth of Global LiDAR Technology Market 2022-2028. A detailed study accumulated to offer Latest insights about acute features of the LiDAR Technology market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and…
LiDAR Drones Market Astonishing Growth with Top Influencing Key Players like Vel …
The LiDAR drones market was valued at USD 74.96 million in 2020, and is projected to reach a value of USD 525.86 million by 2026, recording a CAGR of 38.19% over the forecast period (2021 - 2026).
Latest research on LiDAR Drones Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2022 to 2026 supported…
LiDAR Drones Market 2021 Strategic Assessment- Velodyne LiDAR Inc., Phoenix LiDA …
Global LiDAR Drones Market This market research provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Research classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In 2019, the LiDAR drones market was valued at USD 38.16 million, and is projected to reach a value of USD…
