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. 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.
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 Automotive LiDAR Sensor market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Automotive LiDAR Sensor market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Automotive LiDAR Sensor market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Automotive LiDAR Sensor market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Automotive LiDAR Sensor market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Automotive LiDAR Sensor capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Automotive LiDAR Sensor by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Automotive LiDAR Sensor market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Automotive LiDAR Sensor market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Automotive LiDAR Sensor market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Automotive LiDAR Sensor industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Automotive LiDAR Sensor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Automotive LiDAR Sensor market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Automotive LiDAR Sensor market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Automotive LiDAR Sensor market. These factors have benefited the growth of the global market for Automotive LiDAR Sensor. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Automotive LiDAR Sensor. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Automotive LiDAR Sensor are as follows:
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In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
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