Automotive LiDAR Market Drivers, Restraints, Merger, Acquisition, SWOT Analysis by 2027
- elizabethsanchez28
- Sep 3, 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.
North America dominated the market for automotive LiDAR with a 53.9% share in 2019. The mandatory regulations by the government for the installation of safety technologies and the high rate of adoption of advanced technologies will drive the demand of the market.
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Key Highlights From The Report
· The high demand for solid-state LiDAR is due to its cost-effective nature. Built on a silicon chip, a solid-state LiDAR is smaller and more irrepressible to vibrations. It can also adjust its directional focus, which is desirable for autonomous vehicle designers.
· 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.
· 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.
For the purpose of this report, Emergen Research has segmented into the global Automotive LiDAR Market on the basis of image type, technology, vehicle type, application, location, and 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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Key points covered in the report:
· The report provides the reader with a detailed study of the global Automotive LiDAR market, including essential data beneficial for business.
· The prominent factors driving and restraining market growth, latest product trends, and technological advancements have been extensively discussed by the authors of the report.
· A broad market categorization, based on product type, application gamut, and end-user landscape, has been included in the report.
· It further entails the latest product development, incorporation of new techniques, and profiles of major competitors in the market.
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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