Automotive LiDAR Market Size, Share, leading key players Analysis & Forecast 2024-2030
Posted by steveaus
from the Automotive category at
03 Oct 2024 09:53:11 am.
Share this page: 
This reports provides an essential and dependable overview of the Automotive LiDAR Market, serving as a guide for stakeholders navigating the industry's future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, segments and prominent players.
The Global Automotive LiDAR Market size was valued at around USD 510 million in 2023 & is estimated to grow at a CAGR of around 18.5% during the forecast period, 2024-30.
Boost strategic growth with in-depth market analysis - Get a free sample preview today!- https://www.marknteladvisors.com/query/request-sample/global-automotive-lidar-market.html
Global Automotive LiDAR Market Driver:
Increasing Adoption of Autonomous Vehicles – The growth in the Global Automotive LiDAR Market is primarily driven by the increasing adoption of autonomous vehicles and the technological advancement involved in improving their reliability. The automobile companies generally used other technologies such as cameras, radars, ultrasonic, and sensors to achieve the L1 and L2 autonomy of the automobile and even L3. But while using these works fine till L2 autonomy goes further will need much sophistication in the system of autonomous vehicles as these technologies struggle to detect the exact location, shape, and size of the objects in the surroundings. This shortcoming leads to automobiles having difficulty differentiating various objects from pedestrians, to animals to other vehicles present in the surroundings especially if they are slightly away from the vicinity of the automobile. The usage of LiDAR solves such shortcomings improving the reliability of the autonomous automobile.
LiDAR can create a high-definition mapping of the surrounding environment of the autonomous automobile which greatly surpasses the similar capabilities of the other such technologies. Additionally, LiDAR can work optimally in low light conditions and is capable enough to detect and differentiate objects up to 400 meters. This is filling the gaps previously left in autonomous vehicles and greatly boosts their reliability to operate optimally. As the technology evolves further along with the implementation of regulations to improve road safety and prevent road accidents, the development of such scenarios will fuel the growth and drive the Automotive LiDAR Market Value in the coming years.
Automotive LiDAR Market Segmentation Analysis - FY24-30
Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the Automotive LiDAR Market (2024-30). We prioritize uncovering the pivotal factors that presently drive and will shape the industry's growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size, share and all the latest market scope across diverse segmentation categories.
The Automotive LiDAR Market segmentation is enlisted below:
By Technology
-Mechanical
-Solid-state
By Application
-Autonomous
-Semi-Autonomous
- The semi-autonomous segment holds the largest market share in terms of application, in the Global Automotive LiDAR Market.
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
Browse More About This Research Report - https://www.marknteladvisors.com/research-library/global-automotive-lidar-market.html
By Region
- North America
- South America
- Europe
- Middle East and Africa
- Asia-Pacific
North America holds the largest market share.
Automotive LiDAR Market Competitive Landscape
The competitive landscape of a Automotive LiDAR market involves an extensive analysis of the competitive dynamics within the industry. It comprises assessing key players, rising competitors, their strategies, and the overall competitive structure within the market.
Essential characteristics of the competitive landscape typically encompass:
- Dominant Market Players: Well-established companies or organizations holding substantial market share, boast strong brand recognition, and often offer diverse products or services. They set industry benchmarks and trends.
- Rising Challengers: Newcomers or startups gaining momentum in the market are discussed in this section. These entities might introduce innovative solutions, target niche segments, or challenge established norms with fresh approaches.
- Market Strategies: This includes strategies used by companies to gain an edge. It encompasses technological innovations, customer-centric approaches, pricing strategies, and market positioning.
- Shifting Patterns: This involves analyzing technological advancements, shifts in consumer behavior, and emerging market needs.
- Forthcoming Outlooks: This entails predicting the impact of emerging players, technological advancements, and evolving market demands.
- Collaborative Ventures: This includes joint ventures, mergers, acquisitions, or partnerships aimed at leveraging strengths and resources.
Let us know the Key Companies of the Automotive LiDAR Market:
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
Request Customization - https://www.marknteladvisors.com/research-library/global-automotive-lidar-market.html
Key Report Highlights
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
About Us:
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
Media Representative
Company Name: MarkNtel Advisors
Email: sales@marknteladvisors.com
Visit to know more: https://www.marknteladvisors.com/
Tags: Automotive LiDAR Market
2 Comments
Comments
Block Blast
I think LiDAR technology is a step in the right direction, especially with Block Blast current complex traffic situation. But what worries me is the price. Self-driving cars are still too expensive. If LiDAR technology can reduce the cost of installation on cars, such as integrating into headlights or bumpers, it will be more accessible to ordinary users. The important thing is the combination of quality and price, without needing "fanciful" technology that I cannot fully use.
Posted by annadine
at 07 Oct 2024 04:06:51 am.
car