By the end of 2031, the worldwide automotive LiDAR market is expected to grow to a market valuation of US$ 3 billion from its current value of US$ 430 million. The demand for automotive light detection and ranging (LiDAR) is expected to grow at a fantastic CAGR of 19.5% over the next ten years, which explains the enormous growth.
Sales of LiDAR sensors have been significantly boosted by the rising popularity of autonomous vehicles, as these vehicles heavily rely on these sensors to assure their own safety. Due to its expanding range of applications in advanced driver assistance systems (ADAS) and collision warning systems, solid-state LiDAR is anticipated to experience strong demand.
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This report addresses the below-mentioned queries:
- Why are vendors shifting away from traditional methods of manufacturing Automotive LiDAR?
- How does the global Automotive LiDAR market look like in the next five years?
- Which end use industry is expected to surpass segment by the end of Forecasted period?
- What innovative products are being introduced by the players in the global Automotive LiDAR market?
- Which regions are showing the fastest market growth?
Key Companies Profiled
- Delphi Automotive PLC
- NXP Semiconductors
- TetraVue
- XenomatiX N.V.
- Luminar Technologies Inc.
- LeddarTech Inc.
- Continental AG
- Robert Bosch GmbH
- Quanergy Systems Inc.
- Velodyne LIDAR Inc.
- Valeo SA
- HELLA GmbH & Co. KGaA
- First Sensor AG
- Ibeo Automotive Systems GmbH
- DENSO Corporation
- Innoviz Technologies Ltd.
Crucial insights:
- Underlying macro- and microeconomic factors impacting the growth of the market.
- Basic overview of the Automotive LiDAR, including market definition, classification, and applications.
- Scrutinization of each market player based on mergers & acquisitions, R&D projects, and product launches.
- Adoption trend of Automotive LiDAR across various industries.
- Important regions and countries offer lucrative opportunities to market stakeholders.
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What Do You Get in a Fact.MR Study?
- Factors affecting the overall development of the Market
- Factor that might restrain the growth of the global market in the coming years of the forecast period
- What is present competitive scenario of the global Market and its intricate details concerning potential business prospects of leading market players
- Pricing strategies of several different market players in the global Market
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