Automotive LiDAR Market Is Booming Worldwide | Benewake, Garmin, Velodyne Lidar

The "Automotive LiDAR Market" intelligence report, just published by USD Analytics Market, covers a micro-level study of important market niches, product offers, and sales channels. to determine market size, potential, growth trends, and competitive environment, the Automotive LiDAR Market provides dynamic views. Both primary and secondary sources of data were used to generate the research, which has both qualitative and quantitative depth. Several of the major figures the study featured Continental AG (Germany), Benewake (China), Garmin Ltd. (United States), GeoDigital International (Canada), Infineon Technologies (Germany), Innoviz Technologies (Israel) , LeddarTech (Canada), Osram Licht AG (Germany), Phantom Intelligence (Canada), Princeton Lightwave Inc. (United States), Velodyne Lidar (United States)

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Automotive LiDAR Market is estimated to increase at a growth rate of 29.6% CAGR over the forecast period from 2024 to 2030.

An Overview of the Automotive LiDAR Market
LiDAR is the latest development in the automotive industry, it is an advancement of predecessors of object detection technology such as RADAR (Radio Detection and Ranging) and ultrasonic. Automotive LiDAR is an advance scanning surveying technology for an autonomous vehicle that is capable of delivering high-definition 3D projections of the surrounding.

Automotive LiDAR Market Size, Share, Trends, Growth Outlook, and Opportunities to 2030- by Type (Solid State Automotive LiDAR, Mechanical Automotive LiDAR), Application (Advanced Driver Assistance System (ADAS), Automatic Emergency Braking, Adaptive Cruise Control), Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle), Component (Laser, Inertial Navigation System, Camera, GPS/GNSS Receiver, Micro Electro Mechanical System) and significant players are the market segments.

In order to provide a thorough analysis of the industry, the report compiled data from over 22 jurisdictions or nations across Europe, North America, South America, Asia Pacific, and MEA.

Geographically, the global version of the report has the following country inclusion:
• North America [United States, Canada, and Mexico]
• Europe [Germany, the UK, France, Italy, Netherlands, Belgium, Denmark, Spain, Sweden, and the Rest of Europe]
• Asia-Pacific [China, Japan, South Korea, India, Australia, Indonesia, and Others]
• South America [Brazil, Argentina, Colombia, and the Rest of South America]
• the Middle East and Africa (South Africa, Turkey, Israel, GCC Countries, and the Rest of Africa)

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The primary goal of this study is to determine which market niches or nations that companies and investors should concentrate on in the future in order to allocate their resources and efforts toward Automotive LiDAR that will optimize growth and profitability. The year 2024 will see notably slower growth, and given the dynamic macroeconomic and regulatory environment, major markets in North America and Western Europe will need "heavy lifting" to handle these tendencies.

In the Automotive LiDAR industry, distribution channels are always crucial because of the "push" nature of many offerings in the sector. In an effort to strengthen their relationship with customers, companies have been refining their distribution model. As the Internet becomes more widely used and consumers start to value expediency, digital purchases are growing in popularity in Automotive LiDAR.

Furthermore, the years considered for the study are as follows:
Historical year - 2018-2023
Base year - 2023
Forecast period** - 2024 to 2032 [** unless otherwise stated]

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Major Highlights of TOC:
Chapter 1: Overview of the Automotive LiDAR Market Industry
1.1.1 Overview;
1.1 Automotive LiDAR Industry
1.1.2 Key Companies' Products
1.2 Market Segment by Automotive LiDAR
1.2.1 Industry Chain
1.2.2 Customer Behavior & Distribution Routes
Chapter Two: Demand for Automotive LiDAR Worldwide
2.1 Overview of the Segment
2.2 Automotive LiDAR Market Size (2018-2023) by Application/End Users
2.3 Application/End User Forecast for the Automotive LiDAR Market (2024E-2032)

Chapter 3: Type-wise Automotive LiDAR Market
3.1 According to Type
3.2 Market Size for Automotive LiDAR by Type, 2018-2023
3.3 Market Forecast for Automotive LiDAR by Type (2024E-2030)

Chapter Four: Automotive LiDAR Market: by Region/Country
4.1 Automotive LiDAR Market by Regions
4.2 Automotive LiDAR Market Revenue & Share by Region
4.3 North America
4.4 Europe
4.5 the Asia Pacific
4.6 South America
4.7 the Middle East & Africa
Player Analysis in Chapter Five
5.1 Players' Market Share Analysis (2023)
5.2 Regional Market Concentration Rates
5.3 Overviews of Companies
..........continued

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