Automotive LiDAR Market Forecast (2022-27): Industry Trends & Analysis

As per the recent study, titled “Automotive LiDAR Market Size, Share, Analysis, Trends, Growth Research Report” by MarkNtel Advisors, the industry is poised to progress & is forecasted to record a CAGR of 29% by 2027.

Automotive LiDAR Definition

Automotive Light Detection and Ranging (LiDAR) can be defined as a sensing method that detects objects & maps their distances. The technology works by illuminating a target with an optical pulse & measuring the characteristics of the reflected return signal. The width of the optical pulse can range from a few nanoseconds to several microseconds. Light Detection and Ranging (LIDAR) sensors are used to avoid collisions and in situations that require emergency braking.

These systems emit multiple laser pulses per second & are reflected after interacting with the surrounding objects. Consequently, this helps the sensors to create a 3-dimensional (3D) representation of the upcoming path through calculations based on the speed of light & the distance covered by the pulse. Hence, it is gradually emerging as a crucial component for enhancing passenger & vehicle safety across the globe.

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Identifying the Major Participants in the Automotive LiDAR Market

The Automotive LiDAR Market has the presence of competitive & proficient players globally/on a regional scale/national scale. Eyeing the progressing graph of the industry, it could be said that many of the new entrants apart from the leading participants could also emerge during the forecast period. This section of the report emphasizes highlighting the growth, developments, expansion, innovation, and R&D performed by competitors to gain a market position. Let’s get to know them:

-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

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Gaining Understanding About the Growth Dynamics of Automotive LiDAR Market

Market Dynamics is the section that plays one of the major role-play in the entire market study. The research under dynamics aids in assisting the stakeholders to take decisions knowing about the goods & bads of the industry, making them not to have any regret in the coming years. This section entails:

• Significant Drivers: This section showcase the factors or forces that have a strong impact on the expansion, tendency, and dynamics of a specific market or industry. Drivers could be internal or external & are the primary aspects, helping in shaping the market landscape & soft-soaping its performance.
• Blooming Trends: This part focuses on direction, patterns, and shifts in a specific market. Trends provide valuable insights into the behavior of consumers, the strategies of businesses, and the overall dynamics of the industry.
• Possible Challenges: This part of the report emphasizes upon the growth obstacles, difficulties, or issues that an enterprise or industry might face within a particular market. Challenges can arise from various elements & can influence market participants in different ways. Understanding & addressing them is crucial for companies to steer the industry successfully
• Emerging Opportunities: The study recognizes & appraises profitable growth opportunities that are ready to bloom in the market. It outlines emerging fads, innovative advancements, and untouched aspects that could assist in intensifying the industry growth in the forecast years.

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What Other Features Does Our Well-Curated Automotive LiDAR Market Research Report Includes?

The market report covers the listed parameters:

-Historical Period: 2017-20

-Base Year: 2021

-Forecast Years: 2022-27

-Units: USD Million/Billion

-In order to get unvarnished & comprehensive information about the industry, both primary & secondary research approaches have been used. The study also provides helpful insights to discover or identify hidden openings.

-By synchronizing with project managers & research team, we provide every strategic characteristic, including product development, key areas of expansion, application modeling, use of technologies, acquisition strategies, and analyzing niche growth possibilities & new trends in the market.

-The crucial aspects of the market, like industry research, market sizing & forecast, competitive intelligence, market entry strategy, pricing trends, sustainability trends, customer insights, technology evolution, innovation trends, and distribution channel assessment are also enlisted in the report.

-The additional sections or chapters, such as Porter's, Strategic Imperatives, Executive Summary, and several others included in the report as per the qualitative research by our brilliant analysts.

-The study also contains a section for geographical analysis, where each region’s market status is precisely discussed, with all the important information & statistics.

Examining the Classifications of the Automotive LiDAR Market (2022-2027)

This very section of the research study presents an exhaustive size and volume analysis of the Automotive LiDAR Market based on several segments & sub-segments to assist consumers with recognizing the major factors driving the industry's expansion and to improve their end-user positioning, targeting, and market revenue.

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

--Internal Combustion Engine (ICE) Vehicle

--Electric Vehicle (EV)

-Commercial Vehicles

By Demand Type

-OEM

-Replacement

Geographically, the industry expands across:

By Region

-North America

-South America

-Europe

-Middle East and Africa

-Asia-Pacific

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Key Questions Addressed in the Automotive LiDAR Market Research Report:

• What is the estimated size, share, & CAGR of the Automotive LiDAR Market in the forecast period?
• What are the key trends projected to impact the Automotive LiDAR Market during 2022-2027?
• 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 LiDAR Market?
• What would be the demand for different types of products/services in the Automotive LiDAR Market through 2027?

Note: The Automotive LiDAR Market can further be customized with multi-dimensional, deep-level, & high-quality insights as per the specific requirements of clients to help them garner the industry's prospects, effortlessly encounter market challenges, adequately formulate different strategies, and make sound decisions to remain competitive in the market

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