Albany, NY -- (SBWIRE) -- 01/05/2018 -- LiDAR is considered a surveying technique, which helps to measure the distance to a certain target by brightening the target with some sort of a pulsed laser light and measuring the number of reflected pulses with a sensor. The differences in wavelengths and laser return times is used to create digital 3D representations of the specific target.
LiDAR finds four major applications in the automotive sector such as advanced driver assistance system (ADAS), automatic emergency braking (AEB), adaptive cruise control (ACC) and autonomous cars. ADAS is becoming increasingly popular among automobile users.
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Increasing production of vehicles and rising demand for passenger vehicles is a major driving factor for the automotive LiDAR market. In addition, strict government guidelines and automobile standards relating to safety and security in vehicles is driving the demand for better applications of LiDAR in automobiles. Moreover, rising popularity of hybrid and electric vehicles is also set to bolster the growth of automotive LiDAR market, globally.
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The automotive LiDAR market can be classified by application, by vehicle type and by geography. The application segment can be classified into advanced driver assistance system (ADAS), automatic emergency braking (AEB), adaptive cruise control (ACC) and autonomous cars.
Major market participants profiled in this report include: Denso Corporation, Continental AG, LeddarTech, Novariant, Inc., Velodyne LiDAR, Inc., Quanergy Systems, Inc. and Robert Bosch GmbH, among others.