Automotive LiDAR Market Insights:
The Automotive LiDAR Market size was valued at USD 614.05 Million in 2022, expecting a CAGR of 19.4% during the forecast period (2023-2030), and the market is projected to be worth USD 2536.52 Million by 2030.
Driver:
The increased adoption of Automotive LiDAR in the Automotive & Transportation industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Automotive LiDAR also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Automotive LiDAR in many sectors also boosts the market growth during the forecast period.
Automotive LiDAR (Light Detection and Ranging) is a remote sensing technology that uses laser beams to measure distances and create a three-dimensional map of the environment around a vehicle. LiDAR systems emit pulses of laser light that bounce off objects and return to the sensor, which measures the time of flight to calculate the distance between the vehicle and the object. By scanning the laser beam across a field of view, LiDAR can create a detailed 3D map of the surrounding environment in real-time.
Automotive LiDAR Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Technology (Mechanical LiDAR, Solid-state LiDA), By Application (Semi-Autonomous Vehicle, Autonomous Vehicles), By Range (Short- & Mid-range, Long-range), and companies (Continental AG, First Sensor AG, Ibeo Automotive Systems GmbH, Innoviz Technologies Ltd, LeddarTech, Luminar Technologies, Ouster, Inc., Robert Bosch GmbH, Valeo, Velodyne LiDAR), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 19.4%, over the forecast period of 2023–2030.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 (USD Million) | 2536.52 Million |
| CAGR (2023-2030) | 19.4% |
| By Technology | Mechanical LiDAR, Solid-state LiDA |
| By Application | Semi-Autonomous Vehicle, Autonomous Vehicles |
| By Range | Short- & Mid-range, Long-range |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Continental AG, First Sensor AG, Ibeo Automotive Systems GmbH, Innoviz Technologies Ltd, LeddarTech, Luminar Technologies, Ouster, Inc., Robert Bosch GmbH, Valeo, Velodyne LiDAR |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Automotive LiDAR market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Continental AG, First Sensor AG, Ibeo Automotive Systems GmbH, Innoviz Technologies Ltd, LeddarTech, Luminar Technologies, Ouster, Inc., Robert Bosch GmbH, Valeo, Velodyne LiDAR
Market Segment Analysis:
By Technology
- Mechanical LiDAR
- Solid-state LiDAR
By Application
- Semi-Autonomous Vehicle
- Autonomous Vehicles
By Range
- Short- & Mid-range
- Long-range
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2022, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Automotive LiDAR industries in the region.
Key Automotive LiDAR Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Automotive LiDAR Market segments.
– Largest Market Share Held by Industry to Industry for Automotive LiDAR
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Automotive LiDAR Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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