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Automotive LiDAR Sensor Market Will Grow in Near Future by 2030

01-21-2024 04:33 PM CET | IT, New Media & Software

Press release from: The Insight Partners

LiDAR sensors in automobiles are used to improve a vehicle's navigation capabilities by detecting and avoiding obstructions along the way. LiDAR sensors (Light Detection and Ranging sensors) are detection and survey devices used to determine the proximity of an object.

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A laser, a scanner, and a specialized GPS receiver are the main components of a LiDAR system. Because it provides a 3D mapping of the vehicle's surrounds, the technology has emerged as a key pillar in the concept of autonomous vehicles. This allows safe navigation system for vehicles. Adaptive cruise control systems, automatic speed control, and braking systems are some of the LiDAR system's applications.

The list of companies for Automotive LiDAR Sensor Market include:
Continental AG
Delphi Automotive PLC
Infineon Technologies AG
Innoviz Technologies Ltd
Leddartech Inc
Luminar Technologies, Inc
Quanergy Systems, Inc
Texas Instruments Incorporated
Velodyne Lidar, Inc
ZF Friedrichshafen AG

The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2020 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region. The report offers in-depth assessment of the growth and other aspects of the Automotive LiDAR Sensor Market in important regions. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.

Global Automotive LiDAR Sensor Market: Competitive Landscape

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2030 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report has its roots definitely set in thorough strategies provided by the proficient data analysts. The research methodology involves the collection of information by analysts only to have them studied and filtered thoroughly in an attempt to provide significant predictions about the market over the review period. The research process further includes interviews with leading market influencers, which makes the primary research relevant and practical. The secondary method gives a direct peek into the demand and supply connection. The market methodologies adopted in the report offer precise data analysis and provides a tour of the entire market. Both primary and secondary approaches to data collection have been used. In addition to these, publicly available sources such as SEC filings, annual reports, and white papers have been used by data analysts for an insightful understanding of the market. The research methodology clearly reflects an intent to extract a comprehensive view of the market by having it analyzed against many parameters. The valued inputs enhance the report and offer an edge over the peers.

Segments-

Based on technology the market is segmented as, solid-state LiDAR, mechanical LiDAR.
Based on image type the market is segmented as, 2D and 3D.
Based on application the market is bifurcated as, autonomous vehicle, semi-autonomous vehicle.
Based on vehicle type the market is segmented as, ICE, HEV, PHEV and battery electric.

Contact Us:
If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Ankit Mathur

Sr. Vice President - Research
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, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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