Automotive LiDAR Market Demand, Growth, Trend, Business Opportunities by 2027
- elizabethsanchez28
- Aug 31, 2021
- 4 min read
The global Automotive LiDAR Market is expected to reach USD 1,092.5 Million by 2027, according to a new report by Emergen Research. The benefit of the LiDAR may drive its demand, but the high cost and low durability of the currently existing technology will affect its demand among the automotive industry. Several companies have avoided using this technology owing to its less durability and limited range. However, manufacturers are seeing it as an upcoming technology in the industry and are engaging in updating the current technology. Velodyne Company, in 2017, established a LiDAR factory in California to ramp up its LiDAR product portfolio.
Companies such as Uber, General Motors, Apple, and Waymo are involved in the development of autonomous vehicles. LiDAR is one of the key factors in autonomous vehicles, and the mass production of these autonomous vehicles will create a demand for the market product.
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Key Highlights From The Report
· The autonomous vehicle is witnessing an increased demand as it helps reduce traffic congestion resulting in the efficient delivery of goods and services. It also facilitates better fuel efficiency and reduces carbon monoxide emission.
· Most of the manufacturers are testing their autonomous vehicle technologies on battery electric vehicles. A positive customer perception, advancement in technology, and intervention from the government are focusing the attention on Battery Electric Vehicles.
· These LiDAR technologies are generally used on bumper and grills location. A need for a better field view without any effect on the appearance of the vehicles is leading the demand for this segment.
· Key participants include Delphi Automotive PLC, ZF Friedrichshafen AG, Velodyne LiDAR, Inc., First Sensor AG, Continental AG, Infineon Technologies AG, Texas Instruments Incorporated, Quanergy System Inc., Leddartech Inc., and Innoviz Technologies Ltd., among others.
The report further sheds light on the broad geographical fragmentation of the global Automotive LiDAR market, as well as various market segments and sub-segments categorized into product types, applications, and end-users. The regional overview in the global market report comprises the market size, value, share, volume, and cost analysis related to each region.
· Image Type Outlook (Revenue, USD Billion; 2017-2027)
o 2D Image Type
o 3D-Image Type
· Technology Outlook (Revenue, USD Billion; 2017-2027)
o Solid-State LiDAR
o Mechanical/Scanning LiDAR
· Vehicle Type Outlook (Revenue, USD Billion; 2017-2027)
o ICE
o HEV
o PHEV
o Battery Electric
· Application Outlook (Revenue, USD Billion; 2017-2027)
o Autonomous Vehicle
o Semi-autonomous vehicle
· Location Outlook (Revenue, USD Billion; 2017-2027)
o Bumper & Grill
o Headlight & Taillight
o Roofs & Upper Pillars
o Others (Windscreen, Rear View Mirrors)
The report begins with basic information about the market, such as definitions, applications, classifications, value chain analysis, among others, to facilitate a better understanding among the readers. The market offers a panoramic view of the industry through a thorough analysis of the key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Detailed Analysis of the Regions of the Automotive LiDAR Market Include Regions such as:
· North America (U.S., Canada)
· Europe (U.K., Italy, Germany, France, Rest of EU)
· Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Full Coverage of the Report:
l The authors of this report have performed qualitative and quantitative assessments of the global Automotive LiDAR industry and further conducted market estimation for the forecast years of 2020-2027.
l The report assesses the global Automotive LiDAR market in detail, focusing on the technological advancements, various industry verticals, distribution channels, diverse product types, and the broad application outlook.
l A wide-ranging analysis of the global Automotive LiDAR market’s geographical scenario is an integral part of the report.
l In the conclusive section, the report discusses the company profiles of the key market players at length. This section takes a closer look at the financial positions, recent trends and developments, product offerings, and business expansion tactics of the market contenders.
Table Of Content:
Chapter 1. Methodology & Sources 1.1. Market Definition 1.2. Research Scope 1.3. Methodology 1.4. Research Sources 1.4.1. Primary 1.4.2. Secondary 1.4.3. Paid Sources 1.5. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2019-2027 Chapter 3. Key Insights Chapter 4. Automotive LiDAR Market Segmentation & Impact Analysis 4.1. Automotive LiDAR Market Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 4.2.2.1. Technological Superiority of LiDAR 4.2.2.2. Increase in trend of Semi-Autonomous cars 4.2.2.3. Growing Adoption of SEMI AUTONOMOUS VEHICLE Technology By OEMS 4.2.3. Market restraints analysis 4.2.3.1. High cost of the product 4.3. Technological Insights 4.4. Regulatory Framework 4.5. Porter’s Five Forces Analysis 4.6. Competitive Metric Space Analysis 4.7. Price trend Analysis 4.8. Covid-19 Impact Analysis
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