The Global Automotive LiDAR Market research study published by Emergen Research is an extensive collection of insightful information about the Automotive LiDAR industry. The report covers the Automotive LiDAR Market segmentation along with a detailed outline of the Automotive LiDAR market size with regards to volume and valuation. The report provides comprehensive coverage of the Automotive LiDAR market scenario for the current period and forecast timeline of 2020-2027
The global Automotive LiDAR Market is expected to reach USD 1,092.5 Million by 2027, according to a new report by Emergen Research. An increase in the research and development activities in the autonomous vehicle has propelled the demand for the market. The market for autonomous vehicles is continuously evolving to meet the requirement of the customers by collaborating with tech giants. Advancement in technology and awareness regarding Light Detection and Ranging for vehicle safety will create a demand for the product.
Market Dynamics:
The report offers insightful information about the market dynamics of the Automotive LiDAR market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Automotive LiDAR market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Automotive LiDAR market.
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Table of Contents:
- Chapter 1 includes an introduction of the global Automotive LiDAR market, along with a comprehensive market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.
- Chapter 2 offers an in-depth analysis of the key manufacturers engaged in this business vertical, along with their sales and revenue estimations.
- Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors.
- In Chapter 4, our team has fragmented the market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline.
Top competitors of the Automotive LiDAR Market profiled in the report include:
- Delphi Automotive PLC
- ZF Friedrichshafen AG
- Velodyne LiDAR, Inc.
- First Sensor AG
- Continental AG
- Infineon Technologies AG
- Texas Instruments Incorporated
Key Points of Automotive LiDAR Market:
- Extensive coverage of the analysis of the Automotive LiDAR market
- Key insights into the regional spread of the industry in key geographies
- Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
- Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Automotive LiDAR market
- Complete data about the key manufacturers and vendors in the Automotive LiDAR market
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The global Automotive LiDAR Market size is expected to value at USD 223.2 million by 2024.
The market is subject to witness a substantial growth due to the increasing demand for advanced safety features in both lightweight and heavyweight vehicles, and mandatory administrative regulations for incorporation of safety measures such as AEB braking systems installations, majorly in the developed economies such as U.S. and the UK.
Rise in the integration of safety systems in both autonomous and semi-autonomous vehicles owing to increasing demand from end-user is expected to drive the growth of automotive LiDAR market over the forecast period.High-end demand for automation in booming automobile industry at various levels of vehicle production is expected to draw huge investment from industry participants, thereby propelling market growth across the globe in the years to come.
Globally, the automotive LiDAR industry is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.Download Free Sample Report @ https://www.millioninsights.com/industry-reports/automotive-lidar-market/request-sampleLiDAR or LADAR is widely accepted surveying method that determines target distance by exemplifying the target area with pulsed laser light.
These factors are expected to offer high market potential in the Asia Pacific countries.The stringent government laws & regulation in regards to incorporation of safety systems in a vehicle is critical factor for market growth, in the recent years.
With reduction in the cost of hardware and addition of advanced front & rear cameras and radar is anticipated to drive demand for automotive LiDAR.
New York, NY 04 Mar 2021: The global automotive LiDAR market size is expected to reach $4.14 billion by 2026, growing at a CAGR of over 35% during the forecast period, according to report published by Polaris Market Research.
Request For Sample Copy @https://www.polarismarketresearch.com/industry-analysis/automotive-lidar-market/request-for-sample Although ADAS has been available since long in the market, OEMs were reluctant to incorporate these systems due to high costs of sensors.
However, adoption of LiDAR in the automotive sector is growing due to rising focus towards safety by regulatory bodies, and customers aimed at safeguarding vehicles and passengers.
Due to continued focus of governments across multiple countries on enhancing vehicular safety, many regions have witnessed policies enforcing mandatory deployment of Advanced Driving Assistance Systems (ADAS) in vehicles.
For instance, EuroNCAP (New Car Assessment Program) crash testing program has been modified to include assessment of ADAS types which will have an impact on the safety rating of vehicles.
Eventually, the penetration and adoption of radars and cameras is expected to increase during the forecast period as OEMs increasingly adopt ADAS with the aim of qualifying for the best ratings in terms of vehicle safety.
