Global Automotive LiDAR Market Expected to Grow at a CAGR of 22.57% During 2018- 2026

Automotive LiDAR (Light Detection and Ranging) is an advance scanning surveying technology that maps vehicle surroundings at the speed of light.


Albany, NY -- (SBWIRE) -- 09/07/2018 -- Automotive LiDAR (Light Detection and Ranging) is an improved scanning surveying technology that maps surrounding of a car at a speed of light. LiDAR determines objects or vehicles by emitting light pulses, which gets reflected from vehicles or objects and creates high-resolution images, which deliver precise images of surroundings than cameras or radar alone. Major automotive manufacturers are leveraging automotive LiDAR as an accurate technology in the race to develop safe and self-driving autonomous vehicles due to its speed, versatility and accuracy. Most notably, latest improvements in automotive LiDAR further differentiate between a person walking or riding a bike. To evaluate various facets that are influencing growth of the global automotive LiDAR market, Market Research Report Search Engine (MRRSE) has included a report titled "Automotive LiDAR Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026" to its database.

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Most of road fatalities happen owing to driver error. Rise in the awareness related to safety across vehicle users and global regulatory bodies to safeguard both passenger and vehicle safety, by reducing number of accidents is the key factor, which is likely to propel automotive LiDAR market. Increasing emphasis of governments on vehicle incorporated with improved driver assistance systems (ADAS) in the last few years, due to safety issues, is estimated to boost the global automotive LiDAR market.

Automotive LiDAR Market: Scope of the Report

The report is a replica of comprehensive study on global automotive LiDAR market conducted by professional researchers. Opinions of experts related to the future performance of the global market have been inked in this report. Insightful information such as market taxonomy has been included in the commencing section of the report. Scope and future growth of the market will help readers and existing market players to plan their strategies accordingly.

The next section of the report includes market viewpoints such as micro- and macroeconomic factors including population statistics, trends, industry value and GDP forecast analysis. Analysis of macroeconomic factors provided in tabular form influencing growth of global automotive LiDAR market have been inked in this report. Creditable information and analysis on restraints, trends, drivers as well as opportunities that are impacting on the growth of global automotive braking component market have been propounded in the dynamic section of the report.

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Automotive LiDAR Market:  Competitive Landscape

The final section of the report describes competitive landscape of the global automotive LiDAR market. Analysis of each player operating in the global market and are profiled in this report have been included in this section. Assessments related to the various factors of competition such as key developments, product portfolio, SWOT analysis, novel innovations as well as mergers and acquisitions have been inked in this report. Readers of the report can leverage the intelligence provided in this section to better understand competitiveness and strategies of the leading players and can plan new strategies to reach competitive edge.

Prominent players operating in the global market have been profiled in this report. Product innovations, developments as well as planning related to merger and acquisition of such players have been included in the final section of the report.

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