The Automotive LiDAR Market To Grow On A Subtle Note From 2017-2025

Automotive LiDAR Market: Introduction

LiDAR or light detection and ranging is a remote sensing technology which is becoming hugely popular amongst the automobile manufacturers. It collects 3-dimenional points of earth's surface and is widely used by the automobile manufacturers to automate the driving of vehicles. It enables safe navigation which would ensure obstacle detection and avoidance.

Almost all the OEMs (Original Equipment Manufacturers) are implementing LiDAR to automate the driving experience. With LiDAR possessing huge revenue potential, it is playing an important part in the growth and sales of automobiles. There has been a decrease in manufacturing price of LiDAR due to hike in the numbers of the automated vehicle.

To remain 'ahead' of your competitors, request for a Sample@ https://www.persistencemarketresearch.com/samples/17113

Automotive LiDAR Market: Dynamics

The prime factor boosting the growth in the global automotive LiDAR market is the increasing integration of LiDAR technology in the vehicles by OEMs to automate the driving. With OEMs integrating LiDAR in ADAS (Advanced Driver Assistant System), the vehicles provide a safe navigation and avoid a collision. ADAS is expected to grow at a higher rate due to forward collision avoidance system with the help of LiDAR.

As the automotive market is growing and so is the competition, providing safe and comfortable driving assistance would be the unique selling point for the OEMs. Solid-state LiDAR is expected to hold greater dominance in forecasted period as the mechanical LiDAR is fragile and expensive.

An increase in the application of solid-state LiDAR in the automotive industry has accelerated its speed of development. Profound R&D by OEMs and awareness among consumers have played a big part in the market growth. With automakers already integrating AEB (Automatic Emergency Braking) system in their optional or standard variant, the LiDAR market has expected growth.

For critical insights on this market, request for customization here @ https://www.persistencemarketresearch.com/request-customization/17113

Automotive LiDAR Market: Segmentation

Application Type
ADAS (Advanced Driver Assistance Systems)
AEB (Automatic Emergency Braking)
ACC (Adaptive Cruise Control)
OEM Type
Audi
BMW
Cadillac
Ford
Mercedes-Benz
Tesla
Volvo

Automotive LiDAR Market: Regional Outlook

Geographically, Hybrid loaders market has been categorized into seven key regions including North America, Western Europe, Eastern Europe, Japan, APEJ, Latin America, and the Middle East & Africa. Europe, being a hub of numerous automotive manufacturers, contributes to the major growth of LiDAR market. German companies like Audi, BMW and Mercedes-Benz are leading in the integration of LiDAR in their ADAS system.

Collaborating with both local and international players, they are looking to attain a dominant grip over the market. North America on the other hand, is one of the most technically advanced regions are expected to lead the LiDAR market in the coming years. With the emphasis on more Artificial Intelligence based product, LiDAR would be another marketplace they would dominate. In APEJ, China is leading the LiDAR marketplace.

With more and more Chinese automobile companies venturing further into the global market, there is an increase in demand of LiDAR among their consumer base. Japan, well known for their automobile market and technically advanced innovations will also see a significant growth in LiDAR as the integration of Artificial Intelligence among their cars are on all-time high.

For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/17113

Middle East has seen a significant growth in the sales of vehicles with ADAS. With a strong consumer base for safe and cruise driving, Middle East is turning out to be growing sales market.

Automotive LiDAR Market: Key Players

Continental AG
Quanergy Systems
Robert Bosch
Velodyne LiDAR
Novariant
Denso Corporation

Explore PMR's Extensive Coverage on Automotive Domain -

ADAS Aftermarket - ADAS Aftermarket Market Segmented By Adaptive Cruise Control, Adaptive Front Light, Automatic Emergency Braking, Blind Spot Detection, Driver Monitoring Systems Type with Ultrasonic Sensors, Lidar Sensors, Radar Sensors, Camera Sensors, Infrared Sensors, Pressure Sensors Technology: https://www.globenewswire.com/en/news-release/2022/03/30/2412526/0/en/ADAS-Aftermarket-is-slated-to-surge-at-a-CAGR-of-9-to-reach-a-valuation-of-US-2-28-Bn-by-2031.html

Libya Passenger Car Market - Libya Passenger Car Market Segmented By A-Segment to J-Segment Passenger Cars Type with 0 to above 6 year age Passenger Cars in Toyota, GM, Volkswagen, Hyundai, Kia Brand Car: https://www.globenewswire.com/en/news-release/2022/03/23/2408809/0/en/Libya-Passenger-Car-Market-is-projected-to-expand-at-a-volume-CAGR-of-6-1-over-the-forecast-period-of-2021-2031.html

eVTOL Aircraft Market - eVTOL Aircraft Market Segmented By Vectored Thrust, Multirotor & Rotorcraft, Lift Plus Cruise Lift Technology with Fully Electric, Hybrid Product with Piloted, UAV/Pilotless Operation: https://www.globenewswire.com/en/news-release/2022/02/21/2388764/0/en/eVTOL-Aircraft-Market-to-expand-at-an-impressive-CAGR-of-more-than-21-over-the-forecast-period-of-2021-2031.html

Contact us:

Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

About us:

Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.

This release was published on openPR.