Automotive LiDAR

Automotive LiDAR Market Size is Estimated to be US$ 3.21 Bn by 2027

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[150+ Pages Report] The automotive LiDAR market is expected to exhibit a CAGR of 28.4% from 2020 to 2027 and is projected to reach US$ 3.21 Billion by the end of 2027, according to a 2021 study by Precedence Research, the Canada based market insight company.

The study provides the overall revenue of the global automotive LiDAR market from 2017 to 2027, considering 2020 as the base year and 2027 as the forecast year.

The global automotive LiDAR market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the automotive LiDAR industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

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Growth Factors

Increasing awareness among vehicle users for safety along with safety norms issued by the global regulatory bodies is a prime factor that drives the automotive LiDAR market. Furthermore, rising adoption of autonomous and electric vehicles projected to mark a stupendous growth in the application of advanced vehicle safety components such as automotive LiDAR. Growing emphasis from the governments for ADAS incorporated vehicles in the past few years due to safety concern is likely to propel the demand for automotive LiDAR during the forecast period. Automotive LiDAR is proved as the decisive technology for the autonomous vehicles owing to high precision and accurate real-time detection from the lasers emitted from the device.

However, high cost of the technology hinders the market growth. Some of the manufacturers are working towards cutting the price of the LiDAR sensor in automotive sector by reducing the laser emitters in the solution, though the automotive LiDAR is quite expensive these days thus facing restriction in frequent adoption from many manufacturers.

Report Highlights

  • North America dominated the global automotive LiDAR market with significant revenue contribution in 2019. Government regulations along with surge in sales of electric and hybrid vehicles are the key factors that drive the growth of the region. Furthermore, integration of LiDAR solution in collision avoidance and remote sensing applications expected to surge the demand for automotive LiDAR in the region.
  • Europe projected to grow at the fastest growth rate during the forecast period. UK and Germany are the major countries integrating IoT and real-time image processing technology to LiDAR solution. However, China, India, and other ASEAN countries seek opportunistic growth for the LiDAR solution in the coming years due to rising trend of green and hybrid vehicles on road.
  • By application, Advanced Driver Assistance System (ADAS) emerged as the leading segment capturing more than 70% of the global market revenue. Furthermore, the segment expected to offer attractive growth rate during the forecast period owing to increasing application of ADAS in smart vehicle parking and adaptive cruise control solutions.

Regional Snapshots

North America led the global automotive LiDAR market with magnificent revenue share accounting to more than 50%. The significant growth of the region is attributed to the rising research and development activities for enhancement of autonomous vehicles. The government policies supporting the investment in autonomous vehicles drive the research & development for the same. For instance, in 2018, U.S. government invested US$ Mn for the research in self-driving technology. The research activity would be conducted in government and private agencies working on the enhancement of autonomous driving solutions.

Europe is the most attractive region in the global automotive LiDAR market. The anticipated growth of the region is mainly due to supportive policies of the government such as European New Car Assessment Program and Vehicle and Driver Safety Policy. Under these policies, the government has mandated the implementation of vehicle safety solutions that significantly drives the market for automotive LiDAR in the region. In addition, the autonomous vehicles are prominently dependent on the sensor that has significantly elevated the sensor implementation, thus propels the overall growth of automotive LiDAR solutions.

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global automotive LiDAR market are as follows:

  • LeosphereSaS
  • Airborne Hydrography AB
  • Faro Technologies Inc.
  • Aerometric Inc.
  • 3D Laser Mapping Inc.
  • Mira Solutions Inc.
  • Quanergy Systems, Inc.
  • Optech Inc. (Teledyne Technologies)
  • IBEO automotive systems GmbH
  • Velodyne
  • LeicGeosystems Inc.

Market Segmentation

By Product Type

  • Aerial
  • Mobile
  • Terrestrial/Static
  • Short-range

By Components

  • Laser
  • GPS/GNSS Receiver
  • Camera
  • Inertial Navigation System
  • Micro Electro Mechanical System

By Application

  • Advanced Driver Assistance System (ADAS)
    • Adaptive Cruise Control
    • Automatic Emergency Braking
  • Autonomous Cars

Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Some of the key highlights covered in the report include:

Market Demand-Supply Analysis – The report covers detailed insights into demand and supply forces prevailing in the global automotive LiDAR market. It examines trends and factors influencing demand for automotive LiDAR globally and gauges the impact of the same on the production.

Pricing Analysis – The report presents an exclusive pricing analysis. It compares pricing strategies adopted by the leading market players and identifies the most remunerative strategies.

Market Segmentation – The report segments the global market in terms of diverse criteria. It identifies the leading segment within each category and identifies growth drivers and restraints affecting growth across each segment.

Regional Analysis – The report segments the market in terms of North America, Europe, Latin America, Asia Pacific, and Rest of the World in terms of region. It has chapters exclusively dedicated to analyzing growth trends across each region. It identifies growth drivers as well challenges affecting demand for automotive LiDAR across the world.

Competitive Analysis – Some of the leading market players are profiled in the report on automotive LiDAR. The report offers an estimation of share individually help by the market players and determines the impact of some of their popular strategies.

COVID-19 Impact Analysis – This chapter is exclusively dedicated to gauging how the market has evolved or will develop in the post-pandemic era.

Growth Recommendations – In the end, the report presents valuable recommendations to ready businesses for unforeseen challenges in the near future.

Why should you invest in this report?

If you are aiming to enter the global automotive LiDAR market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for automotive LiDAR are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2020-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Automotive LiDAR Market, By Product

7.1. Automotive LiDAR Market, by Product Type, 2020-2027
7.1.1. Aerial
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Mobile
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Terrestrial/Static
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Short-range
7.1.4.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Automotive LiDAR Market, By Application

8.1. Automotive LiDAR Market, by Application, 2020-2027
8.1.1. Advanced Driver Assistance System (ADAS)
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Autonomous Cars
8.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Automotive LiDAR Market, By Components

9.1. Automotive LiDAR Market, by Components, 2020-2027
9.1.1. Laser
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. GPS/GNSS Receiver
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Camera
9.1.3.1. Market Revenue and Forecast (2016-2027)
9.1.4. Inertial Navigation System
9.1.4.1. Market Revenue and Forecast (2016-2027)
9.1.5. Micro Electro Mechanical System
9.1.5.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Automotive LiDAR Market, Regional Estimates and Trend Forecast

10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2016-2027)
10.1.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.3. Market Revenue and Forecast, by Components (2016-2027)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.1.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.4.3. Market Revenue and Forecast, by Components (2016-2027)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.1.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.5.3. Market Revenue and Forecast, by Components (2016-2027)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.3. Market Revenue and Forecast, by Components (2016-2027)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.4.3. Market Revenue and Forecast, by Components (2016-2027)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.5.3. Market Revenue and Forecast, by Components (2016-2027)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.6.3. Market Revenue and Forecast, by Components (2016-2027)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.7.3. Market Revenue and Forecast, by Components (2016-2027)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.3. Market Revenue and Forecast, by Components (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.4.3. Market Revenue and Forecast, by Components (2016-2027)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.5.3. Market Revenue and Forecast, by Components (2016-2027)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.6.3. Market Revenue and Forecast, by Components (2016-2027)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.7.3. Market Revenue and Forecast, by Components (2016-2027)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.3. Market Revenue and Forecast, by Components (2016-2027)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.4.3. Market Revenue and Forecast, by Components (2016-2027)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.5.3. Market Revenue and Forecast, by Components (2016-2027)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.6.3. Market Revenue and Forecast, by Components (2016-2027)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.7.3. Market Revenue and Forecast, by Components (2016-2027)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.3. Market Revenue and Forecast, by Components (2016-2027)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.5.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.4.3. Market Revenue and Forecast, by Components (2016-2027)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.5.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.5.3. Market Revenue and Forecast, by Components (2016-2027)

Chapter 11. Company Profiles

11.1. LeosphereSaS
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Airborne Hydrography AB
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Faro Technologies Inc.
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Aerometric Inc.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. 3D Laser Mapping Inc.
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Mira Solutions Inc.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Quanergy Systems, Inc.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Optech Inc. (Teledyne Technologies)
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. IBEO automotive systems GmbH
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Velodyne
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
11.11. LeicGeosystems Inc.
11.11.1. Company Overview
11.11.2. Product Offerings
11.11.3. Financial Performance
11.11.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions

Chapter 13. Appendix

13.1. About Us
13.2. Glossary of Terms

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. Email: sales@flairinsight.com

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