Automotive LiDAR Market is expected to reach US$ 4,348.09 Mn by 2027

Latest market study on "Automotive LiDAR Market to 2027 by Type (Solid State and Flash); Component (Photodetectors, Laser, Integrated Circuit, Optical Elements, and Others); and Application (Autonomous Shuttle, Robotaxis, and Passenger cars) - Global Analysis and Forecast", the automotive LiDAR market is estimated to reach US$ 4,348.09 Mn by 2027 from US$ 415.10 Mn in 2018. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments. Increasing integration of advanced technologies in automobiles to provide substantial boost to the automotive LiDAR market.

Get a Sample PDF https://www.theinsightpartners.com/sample/TIPRE00003511/?utm_source=OpenPR&utm_medium=10593

Global Automotive LiDAR Market - Company Profiles
• Continental AG
• Denso Corporation
• Innoviz Technologies, Ltd.
• Luminar Technologies, Inc.
• Omron Corporation
• Panasonic Corporation
• Trilumina Corporation
• Valeo SA
• Velodyne LiDAR, Inc.
• Xenomatix N.V.

In the current automotive market, major manufacturers are integrating their vehicles with technologically enhanced sensors, in order to improve the safety of the vehicles. Apart from sensors, several other types of semiconductors are also being integrated on the newer vehicles, which is paving the path for semiconductor industry players to generate substantial revenue. The demand share of technologically robust semiconductor components in the automotive industry is majorly among the passenger car segment. Cost and fuel efficiency no longer stay as the primary criterion for purchasing, instead the purchase more depend on the comfort and security provided in the car. Attributing to this fact that, the global automobile manufacturers are witnessing substantial demand for high-end cars, which is pressurizing the automobile manufacturers to add increased numbers of electronic components, thereby driving the market for automotive LiDAR. Additionally, surging adoption of advanced ADAS systems is impacting positively on the automotive LiDAR market. Thus, the rising automotive manufacturing is playing a major role in driving the automotive LiDAR market in the current scenario. A similar trend is also foreseen to drive the market in the coming 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.

Speak to Analyst https://www.theinsightpartners.com/speak-to-analyst/TIPRE00003511?utm_source=OpenPR&utm_medium=10593

Market Insights
Rising advancements in the automotive industry

In the new era of global automotive industry, the demand for numerous vehicle electronics is significantly increasing. This has led the automotive industry to witness the innovation and emergence of technologies such as cameras, thin-film transistors, and clusters among others. Cameras such as lane departure warning camera, reverse parking camera, and front camera among others are rapidly growing in all segments of vehicles, which is driving the market in the present scenario. The notable adoption by the automotive OEMs is paving the future path of electronics in the automotive industry. Apart from the above mentioned electronics, there are other electronics embedded with advanced technologies. Power steering, heat control, tire pressure monitoring systems (TPMS), infotainment, and anti-lock braking system among others. These electronic components comprise of several semiconductor products, which includes sensors, actuators, and micro-controllers among others. The advancements in these systems is extensively driving the market for vehicle electronics, which in turn is boosting the automotive LiDAR market in the present market status.

GLOBAL AUTOMOTIVE LIDAR MARKET SEGMENTATION
Global Automotive LiDAR Market - By Type
Solid State
Flash

Global Automotive LiDAR Market - By Component
Photodetectors
Laser
Integrated Circuit
Optical elements
Others

Global Automotive LiDAR Market - By Application
Autonomous Shuttle
Robotaxis
Passenger Cars

Directly Purchase a copy of this research study @ https://www.theinsightpartners.com/buy/TIPRE00003511/?utm_source=OpenPR&utm_medium=10593

Note: If you have any special requirements related to Automotive LiDAR Market Report please let us know and we will offer you the report as you want.

Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

This release was published on openPR.