Automotive LiDAR Market: Forecasted 29% CAGR by 2027, Examining Size, Share, and Demand

MarkNtel Advisors has recently published "Automotive LiDAR Market Analysis Share, Growth, Demand, Forecast  2027," a comprehensive research report that provides in-depth analysis of various factors driving the industry's growth across different geographic regions. This report offers reliable insights into the historical, current, and projected trends, in the Automotive LiDAR Market, presented through detailed explanations, tables, and figures. It equips stakeholders with valuable knowledge of the industry dynamics, enabling them to strategize effectively before making investment decisions.

The report indicates that the Automotive LiDAR Market is anticipated to experience a CAGR of approximately 29% during the period of 2022-2027. Our analysis encompasses a thorough examination of various environmental factors, economic and social issues, technological advancements, and other relevant aspects that are crucial for stakeholders during decision-making processes. In order to provide a reliable, accurate, and comprehensive understanding of the industry, our analysts have conducted extensive research utilizing tools such as SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis and Porter's Five Forces Analysis.

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Market Dynamics

Key Drivers: Rising Demand for Autonomous Vehicles Worldwide

The increasing inclination of automotive manufacturers toward manufacturing autonomous vehicles has accelerated the demand for automotive LiDAR sensors for enhancing safety requirements. The burgeoning advancements in autonomous vehicle technologies such as sensors, radars, and microprocessors, among others, have led to a surge in the adoption of autonomous vehicles, particularly from Level 1 to Level 3 as of now. Besides, the growing trend of Robo-taxis for seamless passenger transportation & automated delivery vehicles such as trucks, droids, etc., have opened new opportunities for LiDAR sensors to be equipped in these vehicles.

Moreover, to foster autonomous vehicle adoption, governments across the globe have introduced various policies, legislations, and initiatives that are expected to catalyze the demand for autonomous vehicles. In this regard, the European Union (EU) launched Horizon 2020, which aimed to provide research & innovation along with several funding programs to accelerate the incorporation of the autonomous vehicle. The program was stipulated for 2014-2020 with an estimated investment of USD88 billion & has stimulated the demand for LiDAR sensors in autonomous vehicles.

Recent Developments

• In 2022, Mercedes-Benz AG announced to equip Luminar's Iris LiDAR technology in its Level 3 semi-autonomous passenger cars to enhance vehicle safety standards & integrate automated driving systems.
• In 2021, Volvo announced the installation of LiDAR sensors from Luminar Technologies, Inc., in its XC90 model. It also added that LiDAR sensors would be a standard safety benchmark in all its fully electric flagship vehicles in the forthcoming years.

Segmenting Success: Unveiling Opportunities in the Automotive LiDAR Market 2022-2027

The Automotive LiDAR Market, characterized by its fragmented nature and numerous subdivisions, is thoroughly examined in the report. We provide detailed insights on each segment and geographical location, empowering stakeholders and industry leaders to comprehend the market dynamics and devise new strategies and investments. Furthermore, by gaining a deeper understanding of the ebb and flow within each segment, investors can make well-informed decisions and expand their production and revenue streams in the coming years. The report focuses on key market dynamics, including recent developments, trends, demand and supply chain analysis, purchase patterns, and product/service pricing, among others, within the following segments:

Based on Technology

- Mechanical

- Solid-state

Based on Application

- Autonomous

- Semi-Autonomous

Based on Range

- Short & Mid-Range (Up to 200 meters)

- Long Range (Above 201 meters)

Based on Image Processing

- 2-D

- 3-D

- 4-D

Based on Location

- Bumper and Grill

- Headlight and Taillight

- Roof and Upper Pillar

- Others (Windscreen, Rear View Mirrors, etc.)

Based on Vehicle Type

- Passenger Vehicles

-- Internal Combustion Engine (ICE) Vehicle

-- Electric Vehicle (EV)

- Commercial Vehicles

Based on Demand Type

- OEM

- Replacement

Geographically, the Automotive LiDAR Market expands across the following:

- North America

- South America

- Europe

- Middle East and Africa

- Asia-Pacific

Immerse Yourself in the Complete Report: Explore Extensive Research, Market Segmentation, and Competitive Landscape Analysis - https://www.marknteladvisors.com/research-library/global-automotive-lidar-market.html

Unveiling the Competitive Landscape: Insights into Key Players in the Automotive LiDAR Market 2022-2027

The report provides a comprehensive competitive analysis, highlighting a key aspect of the industry—the existing players. Each player is extensively profiled, covering vital aspects such as business overview, demand and supply chain, key strategies, latest news, product launches, pricing catalog, recent developments, revenue generation, stakes and investments, and trends. These insights aim to assist stakeholders in diversifying and strategizing their investments and participation in the Automotive LiDAR Market, ultimately seeking substantial revenue generation over the forecasted years.

- 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

- Ouster, Inc.

- Robert Bosch GmbH

- Valeo

- Benewake (Beijing) Co., Ltd.

- Others

About MarkNtel Advisors

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals. Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

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