Automotive LiDAR Market growth is expanding at a CAGR of 28.5% over forecast period and is expected to be worth around USD 4.5 billion by 2030.
The automotive LiDAR system illuminates the target and utilises a sensor to measure the reflected pulses to determine the distance between two vehicles. LIDAR is used by automotive systems to automatically regulate speed and braking in response to abrupt changes in traffic conditions. It is mostly utilised in support systems for partially or completely driverless vehicles, including adaptive cruise control, lane-keeping assistance, lane-departure warning, and collision warning and avoidance systems. The automotive industry previously used sonar and radar technologies, but automotive LiDAR has supplanted them in automated systems. Due to the increased level of automation in vehicles and its advantages, including improved precision and the ability to capture real-time data, this is done to meet the data requirements.
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This report examines all the key factors influencing growth of global Automotive LiDAR market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global Automotive LiDAR market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.
Global Automotive LiDAR Market: Major Players
Continental AG
LeddarTech
Denso Corporation
Novariant, Inc.
Velodyne LiDAR, Inc.
Robert Bosch GmbH
Quanergy Systems, Inc
Global Automotive LiDAR Market: Types
Advanced Driver Assistance Systems(ADAS)
Automatic Emergency Braking (AEB)
Adaptive Cruise Control (ACC)
Autonomous Cars.
Global Automotive LiDAR Market: Applications
Passenger Cars
Commercial Vehicles
Global Automotive LiDAR Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Automotive LiDAR market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Reasons to Purchase the Automotive LiDAR Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
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