The Global Automotive LiDAR Market is projected to grow from USD 513.3 million in 2021 to USD 1415.1 million by 2030 at a CAGR of 19.5% during the forecast period. LiDAR (light detection and ranging) is a sophisticated remote sensing system that detects, identifies, and creates a precise 3-D virtual representation of an item. A high-intensity laser tool, a micro electro mechanical system (MEMS) scanner, and a GPS trans-receiver are utilized in LiDAR to create 3D and 2D images. Seismology, geomatics, atmospheric physics, aerial laser swath mapping, archaeology, and geomorphology are just a few of the applications for LiDAR. LiDAR systems are also used in a variety of industries, including automotive, healthcare, defense, and others. LiDAR technology is utilized in the automobile industry to navigate and control autonomous vehicles.
Increased demand for automotive electronics is expected to enhance the worldwide automotive LiDAR market. End users are progressively adopting automotive electronics such as thin-film transistors, clusters, lane departure warning cameras, reverse parking cameras, and front cameras. For companies in the automotive LiDAR market, this element is projected to generate new growth prospects. Other uses for LiDAR technology include robo-taxis for ride-sharing services, shuttle services, on-demand vehicle services, and MOD fleets, and others. Furthermore, the global automotive LiDAR market is predicted to be driven by the rise in popularity of automotive electronics as a result of the advent of new technologies in the coming years. Electronic components such as tire pressure monitoring systems (TPMS), power steering, heat control infotainment, and anti-lock brake systems all benefit from LiDAR technology. LiDAR is used in sensors, actuators, and microcontrollers, which drives the automotive LiDAR market.
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A strong research methodology employed in the winning Automotive LiDAR Market business report consists of data models that include Market Overview and Guide, Vendor Positioning Grid, Market Time Line Analysis, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. Businesses can attain details about market drivers and market restraints which assist them to take presumption about reducing or increasing the production of particular product.
The report provides a comprehensive analysis of company profiles listed below:
NXP Semiconductors
First Sensor AG
Ibeo Automotive Systems GmbH
Luminar Technologies Inc.
LeddarTech Inc.
Continental AG
DENSO CORPORATION.
Robert Bosch GmbH
Quanergy Systems, Inc.
Velodyne LiDAR Inc.
TETRAVUE, INC.
XenomatiX – TRUE SOLID STATE LIDAR
Innoviz Technologies Ltd
Type Analysis of World Wide Market:
Mechanical
Solid-state
Segmentation of global Automotive LiDAR Market by Application:
IC Engine Vehicle
Hybrid Electric Vehicle (HEV)
Plug-in Hybrid Electric Vehicle (PHEV)
Battery Electric Vehicle (BEV)
Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America (Brazil, Argentina and Colombia etc.)
• Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)
This Automotive LiDAR market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.
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This research report gives detailed data about the major factors influencing the growth of the Automotive LiDAR market at the global level forecast of the market size, in terms of value, market share by region and segment, regional market positions, segment and country opportunities for growth, Key company profiles, SWOT Analysis, product portfolio and growth strategies. In this report, the market’s essential sides such as top participants, expansion strategies, business models and other market features to improve market insight.
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