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Automotive LiDAR Market Will Increase Demand, Statistics, Growth Rate In Forecast By 2027

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 report analyzes the Automotive LiDAR market by taking into consideration the key factors that drive or restrain the growth of the market. The report considers COVID-19 as one such factor. The report is furnished with the current market scenario and changes in the trends and dynamics of the industry with regard to the impact of the COVID-19 pandemic on the Automotive LiDAR market. The report also strives to offer a futuristic outlook for remuneration and market growth in a post-COVID-19 scenario. It also includes the current and future impact of the pandemic on the Automotive LiDAR business sphere and its key segments.

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Key Highlights From The Report

  • 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.
  • These LiDAR technologies are generally used on bumper and grills location. A need for a better field view without any effect on the appearance of the vehicles is leading the demand for this segment.
  • North America dominated the market for automotive LiDAR with a 53.9% share in 2019. The mandatory regulations by the government for the installation of safety technologies and the high rate of adoption of advanced technologies will drive the demand of the market.
  • Key participants include 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., and Innoviz Technologies Ltd., among others.

Automotive LiDAR Market Segmentation:

For the purpose of this report, Emergen Research has segmented into the global Automotive LiDAR Market on the basis of image type, technology, vehicle type, application, location, and region:

  • 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)
    • ICE
    • HEV
    • PHEV
    • Battery Electric
  • Application Outlook (Revenue, USD Billion; 2017-2027)
    • Autonomous Vehicle
    • Semi-autonomous vehicle
  • Location Outlook (Revenue, USD Billion; 2017-2027)
    • Bumper & Grill
    • Headlight & Taillight
    • Roofs & Upper Pillars
    • Others (Windscreen, Rear View Mirrors)

Regional Bifurcation includes:

  • North America(U.S., Canada)
  • Europe(U.K., Italy, Germany, France, Rest of EU)
  • AsiaPacific(India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America(Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa(Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Key Objectives of the Automotive LiDAR Market Report:

  • Analysis and forecast of the Global Automotive LiDAR Market by segmentation of the market
  • Analysis of various macro and micro-economic factors influencing the growth of the market
  • Extensive SWOT analysis and Porter’s Five Forces analysis to offer a detailed view of the competitive landscape
  • Insights into drivers, restraints, opportunities, limitations, threats, and challenges
  • Analysis of the key players operating in the industry
  • Strategic recommendations to the new entrants pertaining to entry-level barriers and to established players for formulating fruitful business plans

Table Of Content:

Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2019-2027
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. Market indicators analysis
          4.2.2. Market drivers analysis
                    4.2.2.1. Technological Superiority of LiDAR
                    4.2.2.2. Increase in trend of Semi-Autonomous cars
                    4.2.2.3. Growing Adoption of SEMI AUTONOMOUS VEHICLE Technology By OEMS
          4.2.3. Market restraints analysis
                    4.2.3.1. High cost of the product
    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 5. Automotive LiDAR Market By Image Type Insights & Trends Revenue (USD Million)
    5.1. Image Type Dynamics & Market Share, 2019 & 2027
          5.1.1. 2D Image Type
          5.1.2. 3D-Image Type

READ MORE…!

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About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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