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.
The recent study on the Automotive LiDAR market aims at illuminating the performance of the Automotive LiDAR industry for the forecast period 2020 to 2028. Importantly the research digs deep into the competitive landscape where major vendors and new entrants are trying to keep up with the cut-throat competition worldwide. A thorough analysis of how technology is influencing the developments in the Automotive LiDAR market forms an important part of the overall research.
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The leading market contenders listed in the report are:
Delphi Automotive PLC, ZF Friedrichshafen AG, Velodyne LiDAR, Inc., First Sensor AG, Continental AG, Infineon Technologies AG, Texas Instruments Incorporated, Quanergy System Inc., Leddartech Inc., Innoviz Technologies Ltd.
Key reasons to buy the Global Automotive LiDAR Market report:
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The latest report comprehensively studies the global Automotive LiDAR market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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Market Segmentations of the Automotive LiDAR Market
- Image Type Outlook (Revenue, USD Billion; 2017-2027)
- 2D Image Type
- 3D-Image Type
- Technology Outlook (Revenue, USD Billion; 2017-2027)
- Solid-State LiDAR
- Mechanical/Scanning LiDAR
- Vehicle Type Outlook (Revenue, USD Billion; 2017-2027)
- Battery Electric
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Regional Outlook of the Automotive LiDAR Market
The global Automotive LiDAR market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global Automotive LiDAR market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
The research provides answers to the following key questions:
- What will be the growth rate of the Automotive LiDAR market for the forecast period, 2020 to 2030? What will be the market size and the share occupied by the prominent vendors by the estimated period?
- What are challenges and threats faced by the prominent vendors operating in the Automotive LiDAR market?
- Who are the prominent vendors and what has been their business strategy so far to maintain a competitive edge over their competitors?
- What are the past, present and emerging trends likely to influence the growth rate of the Automotive LiDAR market for the forecast period, 2022 to 2030?
- What are the opportunities prominent vendors can bank on to generate more profits during the estimated period?
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