Automotive LiDAR Market 2027 Growth Drivers and Future Outlook | Texas Instruments, Inc. Leddartech, Inc
Global Automotive LiDAR Market Report Coverage & Insights:
The Global Automotive LiDAR Market – size, share, analysis, future, report 2022-2027 provides comprehensive coverage and insights on the current market trends, potential market size, and a conceptual framework. Market experts at MarkNtel Advisors have conducted an extensive investigation to present the most essential data in a precise manner. The report aims to offer the latest information on the global market, focusing on key market elements such as drivers, restraints, opportunities, and threats. This research provides a thorough analysis of the Global Automotive LiDAR Market by emphasizing on these market factors.
The market is expected to experience rapid expansion in the coming years due to various factors, which are detailed in the global report along with thorough insights and forecasts. To present a complete picture of the global market, the study places significant importance on understanding key variables such as market size, market share, projected trends, sales, production, industry demand and supply, and compound annual growth rate (CAGR).
How Big is Automotive LiDAR Market:
Growth Rate: CAGR of 29%
Base Year: 2021
Historical Year: 2017-2020
Forecast Period: 2022-2027
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Market Dynamics:]Key Drivers: Rising Demand for Autonomous Vehicles Worldwide
The increasing inclination of automotive manufacturers toward manufacturing autonomous vehicles has accelerated the demand for automotive LiDAR sensors for enhancing safety requirements. The burgeoning advancements in autonomous vehicle technologies such as sensors, radars, and microprocessors, among others, have led to a surge in the adoption of autonomous vehicles, particularly from Level 1 to Level 3 as of now. Besides, the growing trend of Robo-taxis for seamless passenger transportation & automated delivery vehicles such as trucks, droids, etc., have opened new opportunities for LiDAR sensors to be equipped in these vehicles.
Moreover, to foster autonomous vehicle adoption, governments across the globe have introduced various policies, legislations, and initiatives that are expected to catalyze the demand for autonomous vehicles. In this regard, the European Union (EU) launched Horizon 2020, which aimed to provide research & innovation along with several funding programs to accelerate the incorporation of the autonomous vehicle. The program was stipulated for 2014-2020 with an estimated investment of USD88 billion & has stimulated the demand for LiDAR sensors in autonomous vehicles.
Top Leading Companies of Automotive LiDAR Market:
In today’s highly competitive market, staying ahead of the competition is crucial for business success. To achieve this, leading players of all sizes must engage in market research. By
understanding the latest trends, market requirements, and consumer behavior in the Automotive LiDAR Market, businesses can make informed decisions that enhance growth and profitability. The study report by MarkNtel Advisors provides a comprehensive review of recent industry trends, data, and statistics. The report includes the company profiles of the following companies, offering valuable insights into their operations:
-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.
These company profiles contribute to a deeper understanding of the market landscape and facilitate strategic decision-making for businesses aiming to thrive in the Automotive LiDAR Market.
Major Segments of the Global Automotive LiDAR Market:
The study report not only provides essential industry insights but also offers invaluable guidance for companies and individuals interested in the market. A comprehensive segmentation analysis in the report aids in understanding the market landscape and supports strategic expansion plans for businesses. By delving into the specific segments of the market, businesses can tailor their strategies to meet the unique requirements of each segment and region.
The Global Automotive LiDAR Market is highly fragmented and categorized into the following segments:
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
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By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia-Pacific
Understanding the major segments of the Global Automotive LiDAR Market allows businesses to gain a deeper understanding of customer preferences, market dynamics, and emerging trends. This knowledge empowers companies to make informed decisions regarding product development, marketing strategies, and expansion initiatives. By recognizing the distinct needs and demands of different market segments, businesses can align their offerings and target their resources more effectively, ultimately enhancing their competitiveness and driving sustained growth in the Automotive LiDAR Market.
The objectives of this report are as follows:
-To focus on leading global companies in the Automotive LiDAR Market and provide a comprehensive analysis of their sales volume, value, market share, market competition landscape, and recent developments.
-To project the value and sales volume of submarkets within the Automotive LiDAR Market in key regions.
-To analyze competitive developments in the market, including expansions, agreements, new product launches, and acquisitions.
-To study and analyze the global Automotive LiDAR Market size (value and volume) by company, key regions, products, and end-users, utilizing data from the past five years and forecasting up to 2027.
-To understand the structure of the Automotive LiDAR Market by identifying its various sub-segments.
-To provide detailed information about the key factors influencing the growth of the Automotive LiDAR Market, such as growth potential, opportunities, drivers, industry-specific challenges, and risks.
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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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