Global Automotive LiDAR Market Outlook
The Global Automotive LiDAR market is projected to grow at a CAGR of around 29% during the forecast period, 2022-27.
This section provides an essential and dependable overview of the Global Automotive LiDAR Market, serving as a guide for stakeholders navigating the industry’s future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, product types, applications, prominent players, and sectors.
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Key Trend in the Market
Growing Deployment of LiDARs in Level 3 Automation
In Level 3, the vehicle system can detect the environment around the vehicle using sensors such as LiDARs and make informed decisions for the vehicle such as overtaking a slower-moving vehicle, etc. The vehicle system is able to manage most aspects of driving, including monitoring the environment. The system prompts the driver to intervene when it encounters a scenario it can’t navigate. Audi Traffic Jam Assist is the only commercialized level 3 autopilot system developed by Audi for Audi A8.
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Global Automotive LiDAR Market Segmentation
Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the Automotive LiDAR Market (2022-27). We prioritize uncovering the pivotal factors that presently drive and will shape the industry’s growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size and volume across diverse segmentation categories.
The Automotive LiDAR Market segmentation is enlisted below:
By Technology
- Mechanical
- Solid-state
By Application
- Autonomous
- Semi-Autonomous
By Range
- Short & Mid-Range (Up to 200 meters)
- Long Range (Above 201 meters)
By Image Processing
- 2-D
- 3-D
- 4-D
By Location
- Bumper and Grill
- Headlight and Taillight
- Roof and Upper Pillar
- Others (Windscreen, Rear View Mirrors, etc.)
By Vehicle Type
- Passenger Vehicles
- Internal Combustion Engine (ICE) Vehicle
- Electric Vehicle (EV)
- Commercial Vehicles
By Demand Type
- OEM
- Replacement
By Region
- North America
- South America
- Europe
- Middle East and Africa
- Asia-Pacific
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Global Automotive LiDAR Market Competitive Landscape
The competitive landscape of an Automotive LiDAR market involves an extensive analysis of the competitive dynamics within the industry. It comprises assessing key players, rising competitors, their strategies, and the overall competitive structure within the market.
Essential characteristics of the competitive landscape typically encompass:
- Dominant Market Players: Well-established companies or organizations holding substantial market share, boast strong brand recognition, and often offer diverse products or services. They set industry benchmarks and trends.
- Rising Challengers: Newcomers or startups gaining momentum in the market are discussed in this section. These entities might introduce innovative solutions, target niche segments, or challenge established norms with fresh approaches.
- Market Strategies: This includes strategies used by companies to gain an edge. It encompasses technological innovations, customer-centric approaches, pricing strategies, and market positioning.
- Shifting Patterns: This involves analyzing technological advancements, shifts in consumer behavior, and emerging market needs.
- Forthcoming Outlooks: This entails predicting the impact of emerging players, technological advancements, and evolving market demands.
- Collaborative Ventures: This includes joint ventures, mergers, acquisitions, or partnerships aimed at leveraging strengths and resources.
Let us know the Key Companies of the Automotive LiDAR Market:
- Delphi Automotive, PLC
- Continental AG
- ZF Friedrichshafen AG
- Infineon Technologies AG
- Velodyne LiDAR, Inc.
- Texas Instruments, Inc.
- Leddartech, Inc.
- First Sensor AG
- Quanergy Systems, Inc.
- Innoviz Technologies, Ltd.
- Luminar Technologies
- Others
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