Press release
Automotive LiDAR Sensors Market Size, Overview, Latest Trends, Key Players, Revenue, and Forecast 2031
The global automotive LiDAR sensors market revenue was around US$ 794.5 million in 2021 and is estimated to reach US$ 12.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 31.7% during the forecast period from 2022 to 2031.Request To Download Sample of This Strategic Report @https://reportocean.com/industry-verticals/sample-request?report_id=bwcc17458
Light Detection and Ranging (LiDAR) sensors are remote sensing technology that is used to measure distance and detect things. Autonomous vehicle sensors required for the development of autonomous vehicles are automotive LiDAR scanners. Additionally, a crucial part of autonomous vehicles is their LiDAR sensors, which give users a detailed 3D view of their surroundings.
Factors Influencing Market Growth
Due to the sensor's ability to calculate the density of raindrops, lidar technology can be used in any lighting setting, even in the most difficult circumstances. These elements could accelerate the market's expansion.
The growing acceptance of autonomous vehicles, which require these sensors for security and accident avoidance. Such factors fuel the market growth.
A rise in developments from industry players, such as the integration of sensor technology in lidar point clouds through feature clustering and extraction to perceive the obstacles more effectively, is predicted to open up the lucrative potential for the market.
Expensive price and inability to calculate the distance in dense fog and heavy rainfall. Thus, it constrains market growth.
Study of the COVID-19 Pandemic
The COVID-19 pandemic had a negative impact on the market. Due to the lockdown enacted by the government, sales and global supply chains were halted. In addition, lidar sensors are mostly manufactured and exported from China. This nation was the epicenter of the COVID-19 pandemic, its exports were negatively impacted, which decreased the production of sensors. Sales of sensors are directly correlated with demand from end-use sectors, namely safety and the automobile sector. Additionally, due to the pandemic, export-import restrictions, closed borders, and supply chain interruptions had a significant negative impact on the demand for lidar in the automobile sector.
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Regional Insights
Asia-Pacific is anticipated the fastest growth throughout the forecast period. China and India in particular are experiencing a tremendous increase in demand for lidar sensors. The capacity of the sensor to determine the density of raindrops allows lidar technology to be employed in any lighting conditions, even under the most challenging conditions. These components fuel the market's growth.
Leading Competitors
The leading competitors in the global automotive lidar sensors market are:
Robert Bosch GmbH
Continental AG
First Sensor AG
Hella KGaA Hueck & Co
Denso Corp
Novariant Inc
Quanergy Systems Inc
LeddarTech
Velodyne Lidar Inc
Texas Instruments Incorporated
Others
Segmentation Analysis
The global automotive lidar sensors market segmentation focuses on Type, Technology, image Type, Vehicle Type, Application and Region.
Segmentation based on Type
Time of Flight (ToF)
Frequency-Modulated-Continuous-Wave (FMCW)
Segmentation based on Technology
Solid-state
Electro-mechanical
Segmentation based on Image Type
2 Dimensional
3 Dimensional
Segmentation based on Vehicle Type
Internal Combustion Engine (ICE)
Hybrid
Battery Electric
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Segmentation based on Application
Semi-autonomous Vehicles
Autonomous Vehicles
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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Table of Content
Chapter 1: Global Automotive LiDAR Sensors Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Automotive LiDAR Sensors market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Automotive LiDAR Sensors Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Automotive LiDAR Sensors market Size Forecast (2023-203).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Automotive LiDAR Sensors market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Automotive LiDAR Sensors market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Automotive LiDAR Sensors market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Automotive LiDAR Sensors business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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