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Automotive LiDAR Market Share, Size and Forecast 2027

Automotive LiDAR facilitates safer driving experience and reducing road accidents caused due to human error. The automotive LiDAR market by type is further segmented into solid-state LiDAR and flash LiDAR. The solid-state LiDAR instead of using conventional motors, they use semiconductor solutions to steer light or scan or the scene.

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Automotive LiDAR Market Share, Size and Forecast 2027

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  1. Automotive LiDAR Market Automotive LiDAR Market to 2027 - Global Analysis and Forecasts by Type (Solid State and Flash); Component (Photodetectors, Laser, Integrated Circuit, Optical Elements, and Others); and Application (Autonomous Shuttle, Robotaxis, and Passenger cars)

  2. Automotive LiDAR Market The global automotive LiDAR market accounted to US$ 415.1 Mn in 2018 and is expected to grow at a CAGR of 30.4% during the forecast period 2019 - 2027, to account to US$ 4,348.09 Mn by 2027. The global automotive LiDAR market by component is segmented into photodetectors, integrated circuits, laser, optical elements, and others. Laser segment dominate the automotive LiDAR market heavily and is expected to continue its dominance throughout the forecast period from 2019 - 2027. APAC is considered to be the fastest growing economic region, with China and India as the world’s first and third fastest growing economies. Also, Japan is the most technologically advanced country in the region giving an opportunity for the development of automobile market. Also, emerging economies of Southeast Asia such as Vietnam, Malaysia, Indonesia and others are experiencing a growth in their infrastructural sector thus, the demand for vehicles in the region is expected to increase. Also, the government of the emerging economies of Asian countries are committed to focus on attracting FDI for the development of their economy. For this, the governments are taking various initiatives. This would result in increased investment in automotive components manufacturing sector as well. Thus, the automotive LiDAR market is anticipated to witness growth in the APAC region.

  3. Automotive LiDAR Market Market Insights In the new era of global automotive industry, the demand for numerous vehicle electronics is significantly increasing. This has led the automotive industry to witness the innovation and emergence of technologies such as cameras, thin-film transistors, and clusters among others. Cameras such as lane departure warning camera, reverse parking camera, and front camera among others are rapidly growing in all segments of vehicles, which is driving the market in the present scenario. The notable adoption by the automotive OEMs is paving the future path of electronics in the automotive industry. Apart from the above mentioned electronics, there are other electronics embedded with advanced technologies. Power steering, heat control, tire pressure monitoring systems (TPMS), infotainment, and anti-lock braking system among others. These electronic components comprise of several semiconductor products, which includes sensors, actuators, and micro-controllers among others. The advancements in these systems is extensively driving the market for vehicle electronics, which in turn is boosting the automotive LiDAR market in the present market status.

  4. Automotive LiDAR Market Leading Players • The leading players in Automotive LiDAR Market are: Continental AG Denso Corporation Innoviz Technologies, Ltd. Luminar Technologies, Inc. Omron Corporation Panasonic Corporation VALEO Velodyne Lidar Xenomatix N.V. Triluminia Get sample PDF copy @: https://www.theinsightpartners.com/sample/TIPRE00003511/

  5. Exhibit: Lucrative Regional Automotive LiDAR Markets

  6. Exhibit: Rest of APAC Automotive LiDAR Market Revenue Analysis, by Type

  7. Automotive LiDAR Market Access Full Research Report at: https://www.theinsightpartners.com/reports/automotive-lidar-market Thank You!

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