Press release
Automotive LiDAR Sensor Market Size in Global Industry : Trends, Analysis, Growth and Status 2017-2025
A light detection and ranging (LiDAR) sensor has made the examination, detection, and mapping of objects easier than conventional methods. The laser light delivers accurate and precise data points in short time. LiDAR sensors are preferred over conventional surveying methods due to their ability to provide extremely accurate data and 3D scanning of images in a shorter time.
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The enhanced automated processing ability of LiDAR sensors in terms of image resolutions and data processing capabilities over other technologies is a major factor that is presently driving the global automotive LiDAR sensor market. LiDAR sensors are widely employed to automate driving of vehicles by obstacle detection and avoidance, which enables safe navigation. LiDAR technology occupies a highly prominent position in achieving level 3 and level 4 (semi-autonomous and autonomous) in vehicle automation, as almost all automotive manufacturers are working toward production of automated driving vehicles. Car manufacturers such as Delphi, Continental, Bosch, Audi, Mercedes-Benz, and Google are working to expand the autonomous driving concept and advanced driver assistance systems in vehicles. Rise in concern for greenhouse gas emission, fuel economy, and stringent emission norms have prompted automotive manufacturers to employ advanced technology in order to overcome these challenges. Automotive LiDAR sensors play a crucial role in meeting the regulation limits, thereby propelling the market.
The global automotive LiDAR sensor market can be segmented based on application, technology, location, vehicle, and region. In terms of application, the automotive LiDAR sensor market can be segregated into semi-autonomous vehicle and autonomous vehicle. Strict protocols and policies with respect to vehicle, driving norms, environmental regulations, and rise in consumer orientation toward safe driving are estimated to boost the demand for autonomous vehicles significantly during the forecast period. Based on technology, the automotive LiDAR sensor market can be segmented into solid state and mechanical/scanning. Demand for solid state technology in the global automotive market has been rising significantly. This is anticipated to propel the adaptive solid state segment of the automotive LiDAR sensor market during the forecast period. In terms of location, the automotive LiDAR sensor market can be segmented into bumper & grill, headlight & taillight, roof & upper pillars, and windscreen & rear view mirror. In terms of vehicle, the automotive LiDAR sensor market can be segregated into passenger vehicle, light commercial vehicle, heavy commercial vehicle, and electric vehicle. The electric vehicle segment is projected to expand during the forecast period. Rise in concern for environmental protection, increase in the sale of electric vehicles, and governmental initiatives for green vehicle have propelled the market significantly.
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In terms of region, the global automotive LiDAR sensor market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is expected to be the dominant region in the global market. Increase in the adoption rate of advanced driver-assistance systems technologies in the automotive industry is a key driver of the automotive LiDAR sensors market in the region. Furthermore, rise in the number of road fatalities has led to an extensive usage of mid-range LiDAR sensors and short-range LiDAR sensors, which in turn, is projected to boost the automotive LiDAR sensor market in Asia Pacific.
Key players operating in the global automotive LiDAR sensor market are Delphi Automotive LLP., Continental AG, ZF Friedrichshafen AG, Infineon Technologies AG, Velodyne LiDAR, Inc., Texas Instruments Incorporated, LeddarTech, First Sensor AG, Quanergy Systems, Inc., and Innoviz technologies, Inc.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
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A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
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Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
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Market shares and strategies of key players
Emerging niche segments and regional markets
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