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Published Date: January, 2018

Automotive LiDAR Sensors Market (Application - Advanced Driver Assistance Systems [ADAS], and Autonomous Vehicle; Technology - Solid-State LiDAR, and Mechanical/Scanning LiDAR; Image Type – 2D Image Type, and 3D Image Type): Global Industry Analysis, Trends, Size, Share and Forecasts to 2024


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A recent report published by Infinium Global Research on automotive LiDAR sensors market provides in-depth analysis of segments and sub-segments in the global as well as regional automotive LiDAR sensors market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional automotive LiDAR sensors market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global automotive LiDAR sensors market. According to the report, the global automotive LiDAR sensors market is projected to grow at a CAGR of 12.65% over the forecast period of 2018-2024.


Automotive LiDAR Sensors Market


Market Insight

LiDAR (Light Detection and Ranging) is the latest surveying technology used to measure the distance of obstacles. LiDAR system uses light in the form of pulsed laser and can make digital 3-D representations of the target.  LiDAR systems map their surroundings such as speed breakers, pedestrians, dividers, and other vehicles at the speed of light. After mapping the surroundings, it provides high-resolution images of the surroundings. The pictures captured through this system are more clear and accurate than traditional cameras, sonar or radar system. LiDAR technology is most preferred remote sensing technologies, used for collecting data owing to its extremely high accuracy. LiDAR System has replaced sonar and radar systems in the automotive industry as these systems have a number of applications of various stages of vehicle autonomy.

 

Extremely high accuracy and ability to create 3-D representations of the surroundings or target have increased the adoption of automotive LiDAR system. An on-going development in automated vehicles and self-driving cars acts as a major driver in the development and production of automotive LiDAR sensors market. Now a day, automakers have started integrating Advanced Driver Assistance Systems (ADAS) in their vehicles to visualize the ever-changing environments that fuel the growth of Automotive LiDAR sensors market. Government regulation and support, particularly in developed countries are boosting the demand for the automotive LiDAR sensors market.  However, the high cost of a LiDAR system increases the overall vehicle cost that hampers the growth of Automotive LiDAR System. Moreover, advancement in technologies with enhanced features and rising adoption of technology is expected to provide beneficial opportunities for the Automotive LiDAR sensors market. Geographically, Europe dominates the Automotive LiDAR sensors market owing to increasing consumer’s preference towards the adoption of safety features and government regulations on the inclusion of safety features in cars. The European Commission is calling for all new cars to be fitted with a mandatory set of safety features within the next three years. In addition, North America held the second largest market share owing to the increasing number of passenger and commercial vehicle coupled with high disposable income.  Automotive LiDAR sensors market in Asia-Pacific is expected to fuel the growth owing to cost-effective LiDAR in the region and increasing adoption of technology in this region.    

 

Geographically, Europe dominates the Automotive LiDAR sensors market owing to increasing consumer’s preference towards the adoption of safety features and government regulations on the inclusion of safety features in cars. The European Commission is calling for all new cars to be fitted with a mandatory set of safety features within the next three years. In addition, North America held the second largest market share owing to the increasing number of passenger and commercial vehicle coupled with high disposable income.  Automotive LiDAR sensors market in Asia-Pacific is expected to fuel the growth owing to cost-effective LiDAR in the region and increasing adoption of technology in this region.    

 

Segment Covered

The report on global automotive LiDAR sensors market covers segments such as application, technology, and image type. On the basis of application, the global automotive LiDAR sensors market is categorized into advanced driver assistance systems [ADAS], and autonomous vehicle. On the basis of technology, the global automotive LiDAR sensors market is categorized into solid-state LiDAR and mechanical/scanning LiDAR. On the basis of image type, the global automotive LiDAR sensors market is categorized into 2D image type and 3D image type.

 

Geographic Coverage

The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while the Asia-Pacific region includes countries such as China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are the major markets included in the European region. The U.S. drives the growth in the North America region, as it is the largest market in the region. In the Asia-pacific region, rapid industrial growth in India and China offer a substantial potential for the growth in the automotive LiDAR sensors market. As a result, the APAC region is projected to experience a growth at a CAGR of x.x% over the forecast period 2018-2024.

 

Companies Profiled:

The report provides profiles of the companies in the global automotive LiDAR sensors market such as Continental, LeddarTech, Velodyne LiDAR, Quanergy Systems, Robert Bosch GmbH, Delphi Automotive, DENSO, Ibeo Automotive Systems, Teledyne Optech, and Innoviz Technologies.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global automotive LiDAR sensors market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of automotive LiDAR sensors market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the automotive LiDAR sensors market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the automotive LiDAR sensors market to understand the present and future trends in this market and formulate their strategies accordingly.

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