Emergen Research

Automotive LiDAR Market to Reach USD 1,092.5 Million by 2027 the Rapid Progress of the Automotive Industry for Increased Need for Safety in Vehicles

Automotive LiDAR industry report provides in-depth market analysis by production, share, size, demand, economic trends, investment feasibility, major key players, SWOT analysis and forecast. the advent of cutting-edge technologies, and the increased need for safety in vehicles are stimulating the expansion of the sector


Vancouver, BC -- (SBWIRE) -- 01/14/2021 -- The Global Automotive LiDAR Market is predicted to reach a market valuation of USD 1,092.5 million by the end of 2027, growing at a rate of 27.8%, according to the current analysis by Emergen Research. The market demand has been massively driven by the augmenting research and development activities carried out in the automotive industry. The autonomous vehicle is on a path to evolution to cater to the growing requirement of the consumers, which is propelling the automakers to join forces with tech behemoths. The advent of progressive technology and surging awareness regarding Light Detection and Ranging for vehicles' safety is anticipated to create an increased demand for the product in the next few years.

Get Free Sample PDF Copy of this Report at: https://www.emergenresearch.com/request-sample-form/139

Major companies such as General Motors, Uber, Waymo, and Apple are actively engaged in the production of autonomous vehicles. LiDAR is a critical element of autonomous vehicles, and the bulk manufacturing of these vehicles is forecast to create an unprecedented demand for the product in the future.

The advantages conferred by LiDAR technology may augment its growth, but the low durability and expensiveness associated with the technology may impede the industry's growth over the forecast years. However, its rising attraction as an emerging technology is anticipated to create profitable opportunities for the technology in the future, as manufacturers are actively deploying it in the vehicles.

Key Highlights from the Report:

Solid-state LiDAR is in high demand owing to its cost-effectiveness. This can be attributed to the fact that solid-state LiDAR is built on a silicon chip and is smaller and has more endurance to vibrations. It also has the capability to adjust its directional focus which is a beneficial feature for autonomous vehicles.

In terms of market share, North America dominated the automotive LiDAR market in 2019, accounting for nearly 53.9% in the global market. This can be attributed to the stringent mandatory regulations set by the government for the installation of safety technologies, and the augmented adoption of advanced technologies is anticipated to boost the demand.

Major manufacturers of the market include Quanergy System Inc., Delphi Automotive PLC, First Sensor AG, Innoviz Technologies Ltd., Velodyne LiDAR, Inc., Continental AG, ZF Friedrichshafen AG, Infineon Technologies AG, Leddartech Inc., and Texas Instruments Incorporated, among others.

Enquire before buying: https://www.emergenresearch.com/purchase-enquiry-form/139

For the purpose of this report, Emergen Research has segregated 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)

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)

ORDER NOW (Customized Report Delivered as per Your Specific Requirement) @ https://www.emergenresearch.com/select-license/139

The research provides answers to the following key questions:

What will be the growth rate and the market size of the Automotive LiDAR industry for the forecast period 2020-2027?

What are the major driving forces expected to impact the development of the Automotive LiDAR market across different regions?

Who are the major driving forces expected to decide the fate of the industry worldwide?

Who are the prominent market players making a mark in the Automotive LiDAR market with their winning strategies?

Which industry trends are likely to shape the future of the industry during the forecast period 2020-2027?

What are the key barriers and threats believed to hinder the development of the industry?

What are the future opportunities in the Automotive LiDAR market?
Browse the Latest Market Research Reports with Emergen Research:

Plant-Based Food & Beverage Alternatives Market to Reach USD 32.29 Billion By 2027 | Emergen Research

Nano Drones Market to Reach USD 4.04 Billion By 2027 Growing at a CAGR of 26.8% | Emergen Research

Fermented Food and Ingredients Market To Be Worth USD 875.21 Billion by 2027 | Emergen Research

Mobile Robot Market To Be Worth USD 117.89 Billion by 2027 Growing at a CAGR of 23.6% | Emergen Research

Forensic Technology Market Worth USD 52.04 Billion By 2027 | Emergen Research

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.

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.com

Facebook | LinkdIn | Twitter | Blogs

Read Full Press Release@ https://www.emergenresearch.com/press-release/globala-automotive-lidar-market