The report provides detailed insights into Automotive LiDAR market revenue trends, industry trends, consumer trends, market size, market share, market revenue growth drivers, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in Automotive LiDAR market size over the forecast period, 2020–2028. The report includes profiles of major players in the Automotive LiDAR market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.
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Global Automotive LiDAR market revenue growth is primarily driven by a variety of factors and trends, some of which include rising focus by major companies on product/service expansion into new and untapped domestic and international markets, rising investments in strategic agreements and mergers, and rapidly growing competition in the Automotive LiDAR market.
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.
Rising focus by major companies on product/service expansion into new and untapped domestic markets, increasing investments in strategic agreements, favourable government policies and regulations, and growing competition in the market are some major trends observed in the Automotive LiDAR market. Development of more advanced offerings is driving rising demand and deployment in respective sectors/industries, and this is expected to drive Automotive LiDAR market revenue growth to a significant extent over the forecast period.
Key Highlights From The Report
- The high demand for solid-state LiDAR is due to its cost-effective nature. Built on a silicon chip, a solid-state LiDAR is smaller and more irrepressible to vibrations. It can also adjust its directional focus, which is desirable for autonomous vehicle designers.
- The autonomous vehicle is witnessing an increased demand as it helps reduce traffic congestion resulting in the efficient delivery of goods and services. It also facilitates better fuel efficiency and reduces carbon monoxide emission.
- Most of the manufacturers are testing their autonomous vehicle technologies on battery electric vehicles. A positive customer perception, advancement in technology, and intervention from the government are focusing the attention on Battery Electric Vehicles.
Top key vendors in Automotive LiDAR Market include are:
- ZF Friedrichshafen AG,
- Velodyne LiDAR, Inc.,
- First Sensor AG,
- Continental AG,
- Infineon Technologies AG
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
- Autonomous Vehicle
- Semi-autonomous vehicle
On the basis of product, this report displays the production, revenue, price, and market share and growth rate of each type, primarily split into
- 2D Image Type
- 3D-Image Type
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Incorporated with Info-graphics, charts, 70 tables and 85 figures, this 250-page research report “Automotive LiDAR Market Size, Type, Application, End-Use Industry, Regional Outlook, Competitive Strategies and Forecasts, 2020 - 2027” is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain.
Region wise performance of the Automotive LiDAR industry
North America Automotive LiDAR market revenue growth was relatively higher than that of other regional markets in 2020. North America market revenue is expected to continue to remain dominant over the forecast period, supported majorly by robust presence of major players in countries in the region and expansion of overall economic Automotive LiDAR growth strategies and initiatives.
Asia Pacific Automotive LiDAR market revenue registered the fastest growth rate in 2020, and this trend is expected to continue over the forecast period. Asia Pacific Automotive LiDAR market revenue growth is driven by significant market revenue contribution from China, India, and South Korea. Increasing population, favorable government policies and initiatives, and availability of more advanced technologies, services, and offerings in these countries are some key factors driving Automotive LiDAR market revenue growth in Asia Pacific.
Europe Automotive LiDAR market revenue is expected to continue to remain steady over the forecast period. This can be attributed to changing Automotive LiDAR market trends in countries in other major regions and robust focus on research and development initiatives by major firms in the region with the objective to leverage opportunities and drive Automotive LiDAR revenue growth.
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Southeast Asia
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa
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The research provides answers to the following key questions:
- What will be the growth rate and the market size of the Automotive LiDAR industry for the forecast period 2020-2027?
- What are the major driving forces expected to impact the development of the Automotive LiDAR market across different regions?
- Who are the major driving forces expected to decide the fate of the Automotive LiDAR industry worldwide?
- Who are the prominent market players making a mark in the Automotive LiDAR market with their winning strategies?
- Which Automotive LiDAR industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
- What are the key barriers and threats believed to hinder the development of the industry?
- What are the future opportunities in the Automotive LiDAR market?
Table of Content
Chapter 1. Methodology Sources
1.1. Automotive LiDAR Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Automotive LiDAR Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Automotive LiDAR Market Segmentation Impact Analysis
4.1. Automotive LiDAR Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Automotive LiDAR Market indicators analysis
4.2.2. Automotive LiDAR Market drivers analysis
18.104.22.168. Rapid urbanization and industrialization
22.214.171.124. Stringent government regulations regarding carbon emissions
126.96.36.199. Increasing prevalence of respiratory diseases
188.8.131.52. Rising need to enhance indoor air quality
4.2.3. Automotive LiDAR Market restraints analysis
184.108.40.206. High cost associated with the maintenance of Automotive LiDAR products
220.127.116.11. Availability of renewable sources of energy
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 10. Competitive Landscape
10.1. Automotive LiDAR Market Revenue Share By Manufacturers
10.2. Mergers Acquisitions
10.3. Competitor’s Positioning
10.4. Strategy Benchmarking
10.5. Vendor Landscape
10.5.1. Raw Material Suppliers
10.5.1.1. North America
10.5.1.3. Asia Pacific
10.5.1.4. Middle East Africa
10.5.1.5. Latin America
10.5.2.1. North America
10.5.2.3. Asia Pacific
10.5.2.4. Middle East Africa
10.5.2.5. Latin America
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