This report analyzes and forecasts the market for automotive LiDAR at the global and regional level. The market has been forecasted based on revenue (US$ Mn) and volume (Mn Units) from 2018 to 2026. The study includes drivers and restraints of the global automotive LiDAR market. It also covers the impact of these drivers and restraints on the demand for LiDAR during the forecast period.
Albany, NY -- (SBWIRE) -- 05/29/2019 -- Looking at the current market trends as well as the promising demand status of the Automotive LiDAR Market, it can be projected that the future years will bring out positive outcomes. This research report added by MRRSE on its online portal delivers clear insight about the changing tendencies across the global Automotive LiDAR Market. Readers can gather prime facets connected to the target market which includes product, end-use and application; assisting them to draw conclusions out of this intelligent research report.
Automotive LiDAR (Light Detection and Ranging) is an advance scanning surveying technology that maps vehicle surroundings at the speed of light. LiDAR is the latest development in the automotive industry; an advancement in the predecessors of object detection technology such as RADAR (Radio Detection and Ranging) and ultrasonic. LiDAR determines objects or nearby vehicles by emitting light pulses, which reflected off objects and vehicles and create high-resolution images that provide a more accurate image of the surroundings than cameras or radar alone. Automotive LiDAR is considered as a key technology for completely autonomous vehicles, as it is capable of delivering high-definition 3D projections of the surrounding. Major auto manufacturers are leveraging automotive LiDAR as a precise technology in the race to develop safe and self-driving autonomous vehicles owing to its speed, accuracy, and versatility. Most notably, latest advances in automotive LiDAR further differentiate between a person walking or riding a bike, and even at what speed and in which direction the person is moving
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The report comprises a detailed value chain analysis, which provides a comprehensive view of the global automotive LiDAR market. The Porter's Five Forces model for the automotive LiDAR market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein product is benchmarked based on their market size, growth rate, and general market share.
The study provides a decisive view of the global automotive LiDAR market by segmenting it in terms of location, application, vehicle type, image projection, type, range type, sales channel, and geography. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for LiDAR in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for individual segments in all major countries across all the region.
The study includes profiles of major companies operating in the global automotive LiDAR Market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, recent developments, key executive bios, and manufacturing footprint.
The market for LiDAR is primarily driven by enhanced concentration by OEM and Tier 1 manufacturers towards development technologically advanced, precise and less costly LiDAR. Global Tier 1 suppliers are focused at development of LiDAR based automation and advanced driver assistance systems in order to enhance the vehicle automation level. The key indicator of the automotive LiDAR market is strategic merger and acquisitions occurring in the industry. Global key Tier 1 suppliers and vehicle OEMs are concentrated at merger, partnership, and acquisition with LiDAR pioneering companies such as LeddarTech, Teledyne Technologies Incorporated, Infineon technologies AG, Quanergy Systems Inc. and AEye Inc.
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The report provides the estimated market size of LiDAR for 2017 and forecast for the next nine years. The global market size of LiDAR has been provided in terms of revenue and volume. Market numbers have been estimated based on location, application, vehicle type, image projection, type, range type, sales channel, and geographical segments of automotive LiDAR. Market size and forecast for each location, application, vehicle type, image projection, type, range type, and sales channel have been provided in terms of global and regional/country markets.
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players' product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants' insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, National government documents, statistical databases, and market reports, American Automobile Association, European Automobile Manufacturers Association, Automotive Research Association of India, Organisation Internationale des Constructeurs d'Automobile (OICA), Factiva, etc.
Primary research involves e-mail interactions, telephonic interviews, Linked interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team's expertise and market understanding.
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