Global Automotive LiDAR Market Business Strategies and Massive Demand by 2027 Market Share | Revenue and Forecast

Automotive LiDAR Market

Elucidating the Primary Aspects & Segmentation of the of the Global Automotive LiDAR Market (2022-27)

MarkNtel Advisors is dedicated to delivering in-depth & comprehensive market research study. The Global Automotive LiDAR Market is projected to grow at around 29% CAGR during the forecast period, i.e., 2022-27. The report covers various aspects such as strategies, key trends, regional landscape, growth dynamics, lucrative profit opportunities, competitors, and more.

Automotive LiDAR Market Size, Share, Trends, Industry Report, Key Player, Major Segments and Forecast

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  • Historical Period: 2017-20
  • Base Year: 2021
  • Forecast Years: 2022-27
  • We delve into the latest product/service innovations, upgrades, costing, gross margin, market size and share, revenue, and other crucial aspects.
  • We closely monitor recent breakthroughs and advancements by manufacturers or developers, identify potential end-users, and highlight any obstacles that could hinder market expansion.

Possible Restraint: High Cost of LiDAR

Over the years, consumer preferences have transformed with an increasing emphasis on parameters such as high performance, improved efficiency, greater safety, and security, among others. Automated systems such as AEB, Autopilot, and lane departure systems are integrated with autonomous vehicles that utilize components such as radar, ECU, and LiDAR. However, some of these components are yet to be deployed on a commercial scale. Therefore, these components are presently marked at an exorbitantly high price. For instance, LiDAR sensors from Velodyne LiDAR are within the range of USD3,800 to $77,000.

Furthermore, integrating these sensors into an autonomous system is expected to increase the total cost of the autonomous vehicle, reducing the pool of target customers. With the high prices of autonomous vehicles, their deployment in the cost-sensitive market, where the demand for low-cost vehicles is prominent, hence, is expected to be hampered.

 Examining the Top Competitors of the Automotive LiDAR Market

In this section, we will explore the Automotive LiDAR Market from a competitive perspective, providing information on company profiles, financials, resources, key initiatives, R&D investments, strengths, weaknesses, and more. Leading companies in the market often form partnerships & collaborations to engage in joint venture programs, facilitating efficient resource sharing & goal achievement. Now, let’s delve into the details & acquaint ourselves with these market players.

  • Delphi Automotive, PLC
  • Continental AG
  • ZF Friedrichshafen AG
  • Infineon Technologies AG
  • Velodyne LiDAR, Inc.
  • Texas Instruments, Inc.
  • Leddartech, Inc.
  • First Sensor AG
  • Quanergy Systems, Inc.
  • Innoviz Technologies, Ltd.
  • Luminar Technologies
  • Ouster, Inc.
  • Robert Bosch GmbH
  • Valeo
  • Benewake (Beijing) Co., Ltd.
  • Others

Unraveling the Automotive LiDAR Market Segmentation Analysis

Every industry has a prominent presence, offering investors & stakeholders opportunities to achieve profitable returns. This section of the report provides comprehensive information on various market segments & their subdivisions. Here, we aim to educate consumers about the roles & impacts of each category in shaping the Automotive LiDAR Market. Continue reading to discover more about these market divisions:

-By Technology

  • Mechanical
  • Solid-state

-By Application

  • Autonomous
  • Semi-Autonomous

-By Range

  • Short & Mid-Range (Up to 200 meters)
  • Long Range (Above 201 meters)

-By Image Processing

  • 2-D
  • 3-D
  • 4-D

-By Location

  • Bumper and Grill
  • Headlight and Taillight
  • Roof and Upper Pillar
  • Others (Windscreen, Rear View Mirrors, etc.)

-By Vehicle Type

  • Passenger Vehicles
  • Commercial Vehicles

-By Demand Type

  • OEM
  • Replacement

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Analyzing the Geographical Landscape of Automotive LiDAR Market

As the industry continues to evolve, it actively explores various regional & national markets. In the geographical segment of the report, we delve into every intricate aspect of the market, focusing on the specific breakdown by region & country. So, let’s embark on a journey aboard an airplane & explore the diverse geographies of the Automotive LiDAR Market.

Geographically, the industry expands across:

-By Region

  • North America
  • Latin America
  • Europe
  • Asia-Pacific
  • The Middle East & Africa

Key Questions Addressed in the Automotive LiDAR Market Research Report:

  • What is the estimated size, share, & CAGR of the Global Automotive LiDAR market in the forecast period?
  • What are the key trends projected to impact the Automotive LiDAR Market, during 2022-27?
  • What are the different segments & sub-segments considered in the Automotive LiDAR market research study?
  • Who are the key stakeholders and players participating in the Automotive market?
  • What would be the demand for different types of products/services in the Automotive LiDAR Market through 2027?

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