Global LiDAR for Automotive Industry

Global LiDAR for Automotive Industry

  • April 2021 •
  • 138 pages •
  • Report ID: 5819569 •
  • Format: PDF
Abstract:
- Global LiDAR for Automotive Market to Reach $780.6 Million by 2027
- Amid the COVID-19 crisis, the global market for LiDAR for Automotive estimated at US$161.6 Million in the year 2020, is projected to reach a revised size of US$780.6 Million by 2027, growing at aCAGR of 25.2% over the period 2020-2027. Mechanical, one of the segments analyzed in the report, is projected to record 24.2% CAGR and reach US$277.6 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Solid State segment is readjusted to a revised 25.8% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $48.4 Million, While China is Forecast to Grow at 24.7% CAGR
- The LiDAR for Automotive market in the U.S. is estimated at US$48.4 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$135.8 Million by the year 2027 trailing a CAGR of 24.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 22.5% and 21.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 17.8% CAGR.

- Select Competitors (Total 42 Featured) -
  • Aptiv PLC
  • Continental AG
  • First Sensor AG
  • Infineon Technologies AG
  • Texas Instruments, Inc.
  • Velodyne Lidar, Inc.
  • ZF Friedrichshafen AG