Automotive LiDAR Market 2020 Shows Astonishing Growth 2026

The study on Automotive LiDAR market provides a complete view on the industry with intricate details subject to its overall stance in the global landscape along with specifying various applications across major end-user sectors.

Automotive LiDAR Market is anticipated to exceed three million units with a market size of over USD 3 billion by 2024. The automotive LiDAR market is propelled by increasing R&D activities for the development of autonomous vehicles. Technology giants and automakers, such as Google and GM, are working toward developing their own autonomous solutions for self-driving vehicles. Supportive government initiative and policies have further fostered the growth of the market.

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There has been an abrupt growth in the demand for LiDAR sensors in the automotive industry. The customers have to wait for extended durations due to the presence of a limited number of suppliers. Therefore, the existing suppliers are building production facilities to meet the growing demand for automotive LiDAR sensors. In addition, the increasing supply-demand gap has attracted new players to the market. Conventional automotive suppliers are forming partnerships or making strategic investments in the existing LiDAR suppliers to access their technology.

Further, the report also puts forth various factors that are potentially driving the revenue graph of the industry over the time, along with offering details of the ongoing trends that the given industry is characterized by.

According to the analysis, market has been divided into multiple segments including Type, Vehicle and Region, regions, and expansive competitive landscape.

  • By Type
  • By Vehicle

As per the given document, market has been diversified into U.S., Canada, UK, Germany, France, Netherlands, Sweden, China, India, Japan, South Korea, Singapore, Brazil, Mexico, UAE whose comprehensive analysis has been mentioned in the study. It also includes factors and trends that are deemed to promote the growth of regional markets, each region’s individual market share and size, technologies used, governmental laws and regulations, and other factors.

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The Automotive LiDAR industry is highly fragmented and claims the presence of top-notch companies operating the realm including Argo, Benewake, Cepton, Continential, AEye, Hesai, IFM, Innoviz Technologies, LeddarTech, LeiShen Intelligent System, Luminar, Ocular Robotics, Omron, Oryx, Ouster, Panasonic, Quanergy, Robosense, Sense Photonics, Strobe, Sure Star, Tetravue, Valeo, Velodyne, Xenomatix. Market analysis of this segment highlights details on the sales growth of each of these companies, their strategic initiatives, individual company profiles, market share, and position in the worldwide ecosystem.

Table of Contents (ToC) of the report:

Chapter 1.   Methodology & Scope

1.1. Methodology

1.1.1.   Initial data exploration

1.1.2.   Statistical model and forecast

1.1.3.   Industry insights and validation

1.1.4.   Scope

1.1.5.   Definitions

1.1.6.   Methodology & forecast parameters

1.2. Data Sources

1.2.1.   Secondary   Paid   Public

1.2.2.   Primary

Chapter 2.   Market Summary

2.1. Automotive LiDAR industry 360º synopsis, 2016 - 2024

2.1.1.  Business trends

2.1.2.  Regional trends

2.1.3.  Type trends

2.1.4.  Vehicle trends

Chapter 3.   Automotive LiDAR Market Insights

3.1. Introduction

3.2. Industry segmentation

3.3. Industry landscape, 2016 - 2024

3.3.1.   Autonomous vehicles market

3.3.2.   Semi autonomous vehicles market

3.4. Industry ecosystem analysis

3.5. Automotive LiDAR market evolution

3.6. Market news

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