The global Automotive LiDAR Market is expected to reach USD 1,092.5 Million by 2027, according to a new report by Emergen Research. An increase in the research and development activities in the autonomous vehicle has propelled the demand for the market. The market for autonomous vehicles is continuously evolving to meet the requirement of the customers by collaborating with tech giants. Advancement in technology and awareness regarding Light Detection and Ranging for vehicle safety will create a demand for the product.
The latest research report by Emergen Research, named ‘Global Automotive LiDAR Market - Forecast to 2027’, entails a comprehensive review of the global Automotive LiDAR market’s present and future trends. The global health emergency has beleaguered the global economy, thereby disrupting this particular business domain’s functioning mechanism. It assesses the present market scenario and forecasts the pandemic’s aftermath in this business sector to help organizations boost their COVID-19 preparedness. The market intelligence report takes a closer view of the global market share, estimated growth rate, future market trends, entry-level barriers, fundamental market drivers, restraints, challenges, and opportunities. The report clearly defines the Automotive LiDAR market position on a global level. The detailed insights into the market’s geographical spectrum offered by the report make it an excellent source of knowledge about the Automotive LiDAR industry.
Market Size – USD 166.4 Million in 2019, Market Growth - CAGR of 27.8%, Market trends – Increased investment in RD in developed regions.
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Market Scope:
One of the report’s central components is the broad Automotive LiDAR market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production consumption rates, demand supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Automotive LiDAR market players.
Competitive Terrain:
The Global Automotive LiDAR Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold. The leading market contenders listed in the report are as follows:
- Key participants include Delphi Automotive PLC, ZF Friedrichshafen AG, Velodyne LiDAR, Inc., First Sensor AG, Continental AG, Infineon Technologies AG, Texas Instruments Incorporated, Quanergy System Inc., Leddartech Inc., and Innoviz Technologies Ltd., among others.
For the purpose of this report, Emergen Research has segmented into the global Automotive LiDAR Market on the basis of image type, technology, vehicle type, application, location, and region:
Image Type Outlook (Revenue, USD Billion; 2017-2027)
- 2D Image Type
- 3D-Image Type
Technology Outlook (Revenue, USD Billion; 2017-2027)
- Solid-State LiDAR
- Mechanical/Scanning LiDAR
Vehicle Type Outlook (Revenue, USD Billion; 2017-2027)
- ICE
- HEV
- PHEV
- Battery Electric
Application Outlook (Revenue, USD Billion; 2017-2027)
- Autonomous Vehicle
- Semi-autonomous vehicle
Location Outlook (Revenue, USD Billion; 2017-2027)
- Bumper Grill
- Headlight Taillight
- Roofs Upper Pillars
- Others (Windscreen, Rear View Mirrors)
Regional Analysis of the Market:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Highlights of the TOC:
- Report Overview
1.1 Research Scope
1.2 Key Automotive LiDAR market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Automotive LiDAR market size
2.2 Latest Automotive LiDAR market trends
2.3 Key growth trends - Competitive Landscape
3.1 Global Automotive LiDAR market key players
3.2 Global Automotive LiDAR size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Automotive LiDAR market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
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The Automotive LiDAR Market report also includes an investment analysis and growth trend analysis to help readers maximize their return on investment. It highlights the growth opportunities existing in the global Automotive LiDAR market segments. It offers an extensive investigation of the import-export status and the rates of production and consumption. The Automotive LiDAR Market report also provides some of the essential market aspects to draw a forecast for the coming years based on the information derived as part of the historical analysis and an analysis of the current market scenario.
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