Rising Demand: Automotive LiDAR Market Predicted to Expand at 18.5% CAGR by 2030
According to a recent comprehensive by MarkNtel Advisors Automotive LiDAR Market research report, the Automotive LiDAR market is set for significant growth, driven by factors such as market size, share, and evolving trends.
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This detailed report offers crucial
insights into the market, covering key aspects such as market segmentation and
definitions. It outlines the main drivers of growth and provides a clear
forecast of the industry’s future direction. Additionally, the study provides a
thorough overview of the competitive landscape, detailing recent developments
and regional distribution across major areas. An expert competitor analysis
delivers an in-depth understanding of market dynamics, offering strategic
recommendations for businesses and investors.
With its robust analysis and forward-looking
projections, this report is an essential resource for stakeholders aiming to
leverage emerging opportunities and address potential challenges in
the Automotive LiDAR market.
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Automotive LiDAR
Market (2024-2030): Analysis and Growth
The Global Automotive LiDAR Market size
was valued at around USD 510 million in 2023 & is estimated to grow at a
CAGR of around 18.5% during the forecast period, 2024-30.
What are the key
drivers fueling growth in the Automotive LiDAR market from 2024-2030?
Increasing Adoption of Autonomous
Vehicles – The growth in the Global Automotive LiDAR Market is primarily driven
by the increasing adoption of autonomous vehicles and the technological
advancement involved in improving their reliability. The automobile companies
generally used other technologies such as cameras, radars, ultrasonic, and
sensors to achieve the L1 and L2 autonomy of the automobile and even L3. But
while using these works fine till L2 autonomy goes further will need much
sophistication in the system of autonomous vehicles as these technologies
struggle to detect the exact location, shape, and size of the objects in the
surroundings. This shortcoming leads to automobiles having difficulty
differentiating various objects from pedestrians, to animals to other vehicles
present in the surroundings especially if they are slightly away from the
vicinity of the automobile. The usage of
LiDAR solves such shortcomings improving the reliability of the autonomous
automobile.
Automotive LiDAR
Market : Segmentation Analysis
-By
Technology
-Mechanical
-Solid-state
-By
Application
-Autonomous
-Semi-Autonomous
-By Range
-Short &
Mid-Range (Up to 200 meters)
-Long Range
(Above 201 meters)
-By Image
Processing
-2-D
-3-D
-4-D
-By Location
-Bumper and
Grill
-Headlight
and Taillight
-Roof and
Upper Pillar
-Others
(Windscreen, Rear View Mirrors, etc.)
-By Vehicle
Type
-Passenger
Vehicles
-Internal
Combustion Engine (ICE) Vehicle
-Electric
Vehicle (EV)
-Commercial
Vehicles
-By Demand
Type
-OEM
-Replacement
-By Region
-North
America
-South
America
-Europe
-Middle East
and Africa
-Asia-Pacific
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Analysis Report – https://www.marknteladvisors.com/research-library/global-automotive-lidar-market.html
What role do key
competitors play in shaping the market, and how are they adapting to emerging
trends and challenges?
Delphi Automotive, PLC, Continental AG,
ZF Friedrichshafen AG, Infineon Technologies AG, Velodyne LiDAR, Inc., Texas
Instruments, Inc., Leddartech, Inc., First Sensor AG, Quanergy Systems, Inc.,
Innoviz Technologies, Ltd., Luminar Technologies, Ouster, Inc., Robert Bosch
GmbH, Valeo, Benewake (Beijing) Co., Ltd., Others
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Key Report Highlights
·
Market
Dimensions & Projections
·
Pricing
Evaluation,
·
Recent
Strategic Moves by Companies,
·
Primary
Stakeholders,
·
Analysis
of Import and Export Trends,
·
Competitive
Landscape Assessment,
·
Emerging
Opportunities,
·
Market
Trends and Indicators
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