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Automotive LiDAR Market 2023 | Business Overview, New Share, Trends Analysis, And Forecast To 2032
Automotive LiDAR Market
Automotive LiDAR Market Size, Growth Rate, And Forecast
The global automotive LiDAR market size is expected to grow from $0.45 billion in 2022 to $0.61 billion in 2023 at a compound annual growth rate (CAGR) of 34.1%. The global automotive LiDAR market size is expected to reach $1.95 billion in 2027 at a CAGR of 33.7%.
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Automotive LiDAR Market Drivers
Increasing demand for semi-autonomous and fully autonomous vehicles is significantly contributing to the growth of the automotive LiDAR market going forward. An autonomous or self-driving vehicle refers to a vehicle with environmental sensing capabilities and autonomous operation. An autonomous vehicle can sense its surroundings and operate without human intervention. LiDAR sensors are being used by self-driving cars to create extensive 3D maps for 360-degree vision and accurate data to aid with self-navigation and object detection.
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Automotive LiDAR Market Segments
• By Product: Aerial, Mobile, Terrestrial/Static, Short-Range
• By Technology: Solid-State LiDAR, Mechanical/Scanning LiDAR
• By Vehicle Type: IC Engine Vehicles, Hybrid Electric Vehicles (HEVS), Plug-In Hybrid Electric Vehicles (PHEVS), Battery Electric Vehicles (BEVS)
• By Components: Laser, GPS/GNSS Receiver, Camera, Inertial Navigation System, Micro Electro Mechanical System
• By Application: Semi-Autonomous, Autonomous
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the automotive LiDAR market.
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Automotive LiDAR Market Key Players
Major competitors in the automotive LiDAR market include Continental AG, Ibeo Automotive Systems GmbH, Innoviz Technologies Ltd., LeddarTech Inc., Luminar Technologies Inc., Ouster Inc., Robert Bosch GmbH, Velodyne Lidar Inc., Denso Corporation, Leica Geosystems AG, Faro Technologies Inc., Mira SolutionsInc., Argo AILLC, ZF Friedrichshafen AG, and Vaisala
The Business Research Company's "Global Automotive LiDAR Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Automotive LiDAR Market Include:
1. Executive Summary
2. Automotive LiDAR Market Characteristics
3. Automotive LiDAR Market Trends And Strategies
4. Automotive LiDAR Market - Macro Economic Scenario
5. Automotive LiDAR Market Size And Growth
……
26. Africa Automotive LiDAR Market
27. Automotive LiDAR Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive LiDAR Market
29. Automotive LiDAR Market Future Outlook And Potential Analysis
30. Appendix
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