Press release
Growth In Sales of Automotive LiDAR To Push Revenue Growth In Market : Fact.MR
Technology has become a crucial aspect of all industry verticals, and this trend is highly prevalent in the automotive industry. Increasing demand for autonomous vehicles is a major trend that is driving automotive LiDAR (light detection and ranging) market growth.
Rising use of advanced driver assistance systems, collision warning systems, lane-departure warning systems, etc., will also favour automotive LiDAR demand growth potential. However, the high costs of automotive LiDAR are anticipated to slow down market growth to some extent over the forecast period.
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐๐ฟ๐ฒ๐ฒ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ๐ฝ๐ ๐ผ๐ณ ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ - https://www.factmr.com/connectus/sample?flag=S&rep_id=7314
Key Segments Covered in Automotive LiDAR Industry Research
Automotive LiDAR Market by Technology :
Solid-state LiDAR
Mechanical/Scanning LiDAR
Automotive LiDAR Market by Location :
Roofs & Upper Pillars
Headlights & Taillights
Bumpers & Grills
Automotive LiDAR Market by Image Projection :
2D Automotive LiDAR
3D Automotive LiDAR
Automotive LiDAR Market by Range Type :
Short & Mid-range Automotive LiDAR
Long range Automotive LiDAR
Automotive LiDAR Market by Vehicle Type :
IC Engine Vehicles
Hybrid Electric Vehicles (HEVs)
Plug-in Hybrid Electric Vehicles (PHEVs)
Battery Electric Vehicles (BEVs)
Automotive LiDAR Market by Application :
Semi-autonomous
Autonomous
Automotive LiDAR Market by Region :
North America Automotive LiDAR Market
Latin America Automotive LiDAR Market
Europe Automotive LiDAR Market
East Asia Automotive LiDAR Market
South Asia & Oceania Automotive LiDAR Market
MEA Automotive LiDAR Market
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ซ ๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ - https://www.factmr.com/connectus/sample?flag=RC&rep_id=7314
๐๐ฒ๐ ๐ง๐ฎ๐ธ๐ฒ๐ฎ๐๐ฎ๐๐ ๐ณ๐ฟ๐ผ๐บ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐๐๐ฑ๐
โข In 2020, the automotive LiDAR market stood at a valuation of US$ 430 million.
โข Demand for automotive LiDAR is projected to surge at a phenomenal CAGR of 19.5% from 2021 to 2031.
โข Sales revenue for automotive light detection and ranging is anticipated to reach US$ 3 billion by 2031.
โข Increasing demand for autonomous vehicles, rapid technological advancements, and rising demand for safety in automotive will majorly propel automotive LiDAR market potential.
โข High costs of LiDAR systems could potentially slow down market growth to some extent.
โข In 2020, solid-state LiDAR accounted for a major market share of 60%.
โข China, India, Germany, and Japan are anticipated to be the most notable markets for automotive LiDAR over the forecast period.
๐ช๐ถ๐ป๐ป๐ถ๐ป๐ด ๐ฆ๐๐ฟ๐ฎ๐๐ฒ๐ด๐
Automotive LiDAR companies are investing in the research and development of more advanced LiDAR technologies to create better offerings. Increasing popularity of autonomous vehicles will further bring in new opportunities for automotive LiDAR providers over the coming years.
Increasing use of automotive LiDAR in safety systems such as advanced driver assistance systems (ADAS) and collision warning systems will also help automotive LiDAR market players increase their sales potential.
๐๐ผ๐ฟ ๐ถ๐ป-๐ฑ๐ฒ๐ฝ๐๐ต ๐ฐ๐ผ๐บ๐ฝ๐ฒ๐๐ถ๐๐ถ๐๐ฒ ๐ฎ๐ป๐ฎ๐น๐๐๐ถ๐, ๐๐๐ ๐ก๐ผ๐ - https://www.factmr.com/checkout/7314
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