LiDAR Automotive Market Size, Share, Analysis 2023
View the detailed report description here - https://precisionbusinessinsights.com/market-reports/lidar-automotive-market/
LiDAR Automotive Market Growth Factors:
The development of autonomous and semi-autonomous vehicles increased government emphasis on ADAS-equipped vehicles, and a boost in funding for LiDAR startups are all likely to contribute to the market's expansion. However, the expensive cost of the LiDAR system, as well as environmental restrictions and optical vulnerability, make using LiDAR difficult and restrain the market's expansion.
Additionally, it is anticipated that the rapid technological development of automotive LiDAR and the debut of 4D LiDAR would present attractive prospects for the expansion of the automotive LiDAR market.
The automotive industry is working tirelessly to build autonomous and semi-autonomous vehicles, and as a result, demand for LiDAR technology is expected to skyrocket in the upcoming years. The use of LiDAR in self-driving vehicles will enable them to gather enough data about their surroundings to allow the onboard computer to assume control and replace the driver. Levels 1, 2, and 3 of autonomous vehicles are currently on the market; levels 4 and 5 are currently undergoing testing and development and will likely be available in the future years.
The global lidar automotive market segmentation:
1) By Type: Electromechanical LiDAR Sensor, Solid State LiDAR Sensor
Request sample report at https://precisionbusinessinsights.com/request-sample?product_id=54014
LiDAR Automotive Market Regional Analysis:
The market players are anticipated to create value-grab opportunities in the Asia Pacific automotive LiDAR market during the projected period due to the region's fast adoption of technology and autonomous vehicles. One of the key aspects driving the rapid growth of the Asia Pacific automotive LiDAR market is the rise in autonomous vehicle sales in developing nations like China and India. Moreover, it is projected that the automotive LiDAR market in the region will be driven by the rising demand for mobility services like robo-taxis in China.
The LiDAR Automotive Market key players are Leica Geosystems AG, Trimble Inc., Topcon, SICK AG, Velodyne Lidar, FARO, BEA Group, Teledyne Optech
Precision Business Insights | Toll-Free: +1 866 598 1553
Kemp House, 152 - 160 City Road, London EC1V 2NX
Website: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747
About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.
Precision Business Insights offers a variety of cost-effective and customized research services to meet particular research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.
This release was published on openPR.
Permanent link to this press release:
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 LiDAR Automotive Market Size, Share, Analysis 2023 here
News-ID: 2983167 • Views: 182
More Releases from Precision Business Insights
Agricultural Testing Market Growing Demand for High-Quality Organic Food Product …
According to Precision Business Insights (PBI), the latest report, the agricultural testing market size was valued at USD 6,253.3 million in 2022 and is poised to grow at a CAGR of 6.4% during the forecast period 2023-29. The primary drivers of the expansion of the global Agricultural Testing market include the increasing demand for food safety and high-quality food products, along with the rising demand for agricultural productivity. View the
Europe IVD Market Opportunities, Business Forecast To 2029
The global europe ivd market size was valued at Euro 1,765.7 million in 2022 and is poised to grow at a significant CAGR of 4.6% over 2023-2029. The Europe In Vitro Diagnostics (IVD) market plays a crucial role in healthcare by providing essential diagnostic information for disease detection, monitoring, and treatment. IVD refers to medical devices and reagents used in diagnostic testing outside the human body. The market encompasses various
Intermodals Market Opportunities, Business Forecast To 2029
The global intermodals market size was valued at USD 29,369.9 million in 2022 and is expected to grow at a 13.8% CAGR from 2023 to 2029. The primary drivers of the expansion of the global intermodals market include the increasing environmental consciousness among the public to reduce carbon footprints, and increasing demand for efficient, cost-effective, and sustainable transportation. View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/intermodals-market The Rail and Road Transport
Pressure Relief Valves Market Size Global Forecast, Growth Drivers 2023
The global pressure relief valves market size was valued at USD 4,281.6 million in 2022 and is poised to grow at a significant CAGR of 4.6% during the forecast period 2023-29. The primary drivers of the expansion of the global pressure relief valves market include the growing oil & gas industries across the globe. In addition, increasing awareness about the safety of workers in various industries is expected to
More Releases for LiDAR
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
Global Light Detection and Ranging (LiDAR) Drones Market- Major Players are Velo …
Light detection and ranging (LiDAR) technology measures distance to a target with the help of lasers. This technology is relay on illuminating objects with the help of lasers and measures the reflected light with sensor. The technology is expected to offer drone technology with new wings in a multitude of different applications. Increase in demand for LiDAR drones for corridor mapping and precision agriculture applications is the key driving factor which
UAV LiDAR Market 2018 Global Key Leaders: 3DR, Phoenix LiDAR Systems, Faro Techn …
Market Highlights: UAV LiDAR Market: Information by Application (Commercial, Military), Component (Laser Scanners, Navigation & Positioning System), Type (Rotary-Wing, Fixed-Wing), & Region (North America, Europe, Asia-Pacific, Latin America)—Forecast till 2023 The global UAV LiDAR market is expected to grow at a significant CAGR during the forecast period due to technological developments in UAVs and the rising need for surveillance. With innovation in UAV technology, there has been a shift from the use
LiDAR technology Global Market 2018: Key Players – Airborne Hydrography, Appli …
LiDAR technology Industry Description Wiseguyreports.Com Adds “LiDAR technology -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2023” To Its Research Database This report studies the global LiDAR technology market status and forecast, categorizes the global LiDAR technology market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions. Lidar is
Global LiDAR Market 2018 | AutonomouStuff, Blom, Faro Technologies, Velodyne LiD …
Press Release - 30 May2018 Global Research and Development News -- . . "Global LiDAR Sales Market Report 2018" with coming years Industries Trends, projections of Global Growth, Major key player and Case study, Review, Share, Size, Effect. ' ' -In this report, the global LiDAR market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX%