Global Automotive LiDAR Market By Vehicle Type (Passenger Vehicle, Light Commercial Vehicle & Heavy Commercial Vehicle), By Application (Adaptive Cruise Control, Automatic Emergency Braking & Others), By Region, Competition, Forecast & Opportunities, 2024
Global Automotive LiDAR Market Overview Global automotive LiDAR market is projected to grow from $ 409.7 million in 2018 to $ 2.4 billion by 2024, exhibiting a CAGR of over 35% during the forecast period, on account of increasing popularity of semi-autonomous vehicles and technological advancements. Light Detection and Ranging (LiDAR) is an instrument used to determine the distance between the obstacle and itself, assisting in the advancements taking place in the autonomous automotive industry. LiDAR illuminates the target with the laser and measures the reflected pulses with sensor in order to spot the target in the path. Surging traction of Advanced Driver Assistance System (ADAS) is further escalating the demand for automotive LiDAR across the globe. Moreover, government regulations aimed at enhancing vehicle security are anticipated to positively impact the market.
Global Automotive LiDAR Market Segments In terms of photodetector used in LiDAR, solid state LiDAR is the preferred choice, as it is lightweight, possesses smaller size and is cost-effective when compared with mechanical LiDAR.Automotive LiDAR is generally mounted on the roof, headlights & taillight, bumper & grill and others.
Bumper & grill is the preferred choice of major players, as LiDAR provides better field of view without affecting the appearance of the vehicle.In terms of application, LiDAR is put to use for applications such as adaptive cruise control, automatic emergency braking, and others.
ADAS segment is likely to be the largest segment of global automotive LiDAR market until 2024, as it enables vehicles to enable traffic adaptive cruise control and lane keeping. Moreover, automatic acceleration and braking functionality without any human intervention is further prompting the growth of the market. Global Automotive LiDAR Market Regional Insights Regionally, global automotive LiDAR market is gaining traction and expanding to various regions including Asia-Pacific, North America, Europe & CIS, South America and Middle East & Africa.North America automotive LiDAR market dominated the global market in 2018 and is anticipated to maintain its leading position during the forecast period.
The penetration of vehicles equipped with LiDAR for adaptive cruise control and automatic emergency braking is high in the region. Moreover, North America is witnessing increased testing of autonomous vehicles by major automotive suppliers and startups. Global Automotive LiDAR Market Competitive Landscape Some of the main players operating in global automotive LiDAR market are Quanergy Systems, Inc., Innoviz Technologies, Ltd., Velodyne, Continental AG and LeddarTech, Inc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. Innoviz Technologies launched first high definition solid-state LiDAR in 2017. In the same year, Continental AG introduced high resolution 3D flash LiDAR for automobiles.
• To analyze and forecast global automotive LiDAR market size. • To classify and forecast global automotive LiDAR market based on vehicle type, application and regional distribution. • To identify drivers and challenges for global automotive LiDAR market. • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global automotive LiDAR market. • To conduct the pricing analysis for global automotive LiDAR market. • To identify and analyze the profile of leading players operating in global automotive LiDAR market. Some of the leading players in global automotive LiDAR market are Leddartech Inc., Quanergy System Inc., Innoviz Technologies Ltd., Velodyne, Continental AG, Luminar Technologies, Inc., Trilumina, and Valeo SA.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of manufacturers across the globe.
Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst could include the manufacturers which could not be identified due to the limitations of secondary research. The analyst examined the service offerings, distribution channels and presence of all major manufacturers across the globe. The analyst calculated global automotive LiDAR market size using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key Target Audience:
• Automotive LiDAR manufacturers and other stakeholders • Government bodies such as regulating authorities and policy makers • Organizations, forums and alliances related to automotive LiDAR market • Market research and consulting firms The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers, partners and end users. The study would also help them to target the growing segments over the coming years and aid them in taking investment decisions and facilitating their expansion.
In this report, global automotive LiDAR market has been segmented into following categories, in addition to the industry trends which have also been detailed below: • Market, by Vehicle Type: o Passenger Vehicle o Light Commercial Vehicle o Heavy Commercial Vehicle • Market, by Application: o Adaptive Cruise Control o Automatic Emergency Braking o Others • Market, by Region: o North America - United States - Canada - Mexico o Europe - Germany - United Kingdom - France - Spain - Netherlands - Sweden - Norway o Asia-Pacific - China - Japan - South Korea - Australia - New Zealand - Singapore - India o Middle East & Africa - UAE - Saudi Arabia - South Africa - Israel
Company Profiles: Detailed analysis of the major companies present in global automotive LiDAR market.
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five).
Our reports have been used by over 10K customers, including:
KEY FINDINGS The Global Automotive semiconductor market is anticipated to grow at a CAGR of 6.76% to generate a revenue of $64.02 billion by the year 2027. The base year considered for the market study is 2018, and the estimated period is between 2019 and 2027. The consistent growth of the market can be attributed to various...
Market Value & Volume (KT) Forecasts by Type of Composite Material (Polymer Matrix Composite (PMC), Metal Matrix Composite (MMC), and Creamic Matrix Composites (CMC), by Type of Polymer Material (Interior, Body, Engine & Drivetrain, Other), by Type of Polymer Matrix Composites (PMC) (Carbon Fibre Reinforced Polymer (CFRP),...
2019 Future of Global Automotive Gear Oil Market Outlook to 2025- Growth Opportunities, Competition And Outlook Of Automotive Gear Oil Market across Different Regions Report Automotive Gear Oil The energy and power industry has become highly dynamic over the past five years with different forces...
The Global Automotive Powertrain Market is poised to grow strong during the forecast period 2017 to 2027. Some of the prominent trends that the market witnessing the stringent emission norms, increasing integration of engine and increasing in integrating engine management sensors. Based on Component Type, the...
Middle East Auto Components Market By Vehicle Type (Passenger Car, Commercial Vehicle, OTR & Two-wheeler), By Component Type (Filter, Lubricant & Others), By Demand Category (Replacement & OEM), By Country, Competition Forecast & Opportunities, 2024 Middle East auto components market was valued at $ 28 billion in 2018...
The global automotive LiDAR market accounted for US$ 415.1 Mn in 2018 and is expected to grow at a CAGR of 30.4% over the forecast period 2019-2027, to account for US$ 4,348.09 Mn in 2027. The factors that are driving the growth of automotive LiDAR market include increased integration of technologies in automobiles and rising advancements...
Increasing demand for consumer electronics, faster internet connectivity requirement, growing demand for comfort & luxury features are expected to fuel the demand for the thick film resistor market The thick film resistor market is projected to grow at a CAGR of 5.06% during the forecast period, to reach a market size of USD 615 million...
Level 2+ Autonomous Driving Solution With Artificial Intelligence Integration Will Be Launched by 2020 CES 2019 wrapped up amidst an Alexa overhaul, a barrage of autonomous pods and shuttles, and a clear message that the automotive industry is finally looking to near term autonomous and connected solutions that can improve...
116 pages •
By Infiniti Research Limited
• May 2019
About this market The driving behavior and road traffic crashes can be captured and recorded with the help of dashboard cameras. Various advanced single-channel dashboard cameras can start recording video as soon as they detect any break-in or movement in a parked vehicle. This helps in reducing the cases of vandalism....
This IDC study examines the worldwide and U.S. connected vehicle market for the 2018-2023 period. A five-year growth forecast for this market is shown for 2019-2023."The automotive ecosystem is positioning the vehicle as the next emerging digital platform," says Matt Arcaro, research manager, Next-Generation Automotive Research at IDC. "Increasing...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.