The advancement in automotive technology and the increase in automotive safety regulations are driving the demand for the market.
The global Automotive LiDAR Market is expected to reach USD 1,092.5 Million by 2027, according to a new report by Emergen Research.
The Automotive LiDAR report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The Automotive LiDAR report is an all-inclusive document that covers the drivers, restraints, challenges, emerging trends, consumer patterns, pricing analysis, and market estimation. It also offers key insights into top companies, regional bifurcation, and key segments and sub-segments.
The benefit of the LiDAR may drive its demand, but the high cost and low durability of the currently existing technology will affect its demand among the automotive industry. Several companies have avoided using this technology owing to its less durability and limited range.
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The autonomous vehicle is witnessing an increased demand as it helps reduce traffic congestion resulting in the efficient delivery of goods and services. It also facilitates better fuel efficiency and reduces carbon monoxide emission.
The study is inclusive of a comprehensive analysis of the commonly used marketing and promotional strategies adopted by the key Automotive LiDAR market players. Taking into account the existing market development factors, historical events, and recent market trends, the study presents a balanced opinion on the future scenario of the global Automotive LiDAR market.
Companies such as Uber, General Motors, Apple, and Waymo are involved in the development of autonomous vehicles. LiDAR is one of the key factors in autonomous vehicles, and the mass production of these autonomous vehicles will create a demand for the market product.
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.
It thus supports its opinion by discussing the key corporate strategies, such as mergers & acquisitions, takeovers, joint ventures, and strategic alliances, used by the market players to strengthen their global footprint.
Our analysts have performed an accurate examination of the various aspects of the global Automotive LiDAR market leveraging avant-garde primary and secondary sources of data collection, along with other analytical tools like SWOT Analysis and Porter’s Five Forces Analysis. The Automotive LiDAR industry report has gathered the necessary data and information from several reliable sources. Additionally, the report offers many strategic recommendations for companies involved in this ever-growing business sector to help them attain a competitive edge in the global Automotive LiDAR market.
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It also analyzes the revenue growth, key factors impacting the Automotive LiDAR market growth in each region, regulatory framework, economic growth, consumer demand, and presence of key companies.
Top Regions operating in the market include: North America, Asia Pacific, Europe, Latin America, Middle East & Africa
Top key highlight
- The high demand for solid-state LiDAR is due to its cost-effective nature. Built on a silicon chip, a solid-state LiDAR is smaller and more irrepressible to vibrations. It can also adjust its directional focus, which is desirable for autonomous vehicle designers.
- The autonomous vehicle is witnessing an increased demand as it helps reduce traffic congestion resulting in the efficient delivery of goods and services. It also facilitates better fuel efficiency and reduces carbon monoxide emission.
- Most of the manufacturers are testing their autonomous vehicle technologies on battery electric vehicles. A positive customer perception, advancement in technology, and intervention from the government are focusing the attention on Battery Electric Vehicles.
This section of the Automotive LiDAR Industry report lays profound emphasis on the fundamental strategic initiatives, such as new business deals, collaborations, joint ventures, mergers & acquisitions, and technological upgradation, taken by these companies in a bid to reach a valuable market position. The report covers information about the accrued Automotive LiDAR market share of every product type, coupled with their profit estimations and production growth graph.
- 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)
- 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)
The Automotive LiDAR report also offers insights into key factors such as investment opportunities regulatory framework, and technological advancements that are expected to contribute to revenue growth of each regional market.
Key Highlights of the ToC:
- Production, by region
- Revenue, by region
- Consumption, by region
- Production, by product type
- Revenue, by product type
- Price, by product type
- Consumption, by application type
- Market Share, by application type
- Production Locations and Areas Served
- Product Launch, Application, and Specification
- Production, Revenue, Ex-factory Price, and Gross Margin
- Key Businesses and Markets Served
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