Automotive LiDAR Market Share, Industry Growth, Trend, Drivers, Challenges, Key Companies by 2027

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The advancement in automotive technology and the increase in automotive safety regulations are driving the demand for the market. Market Size – USD 166.4 Million in 2019, Market Growth - CAGR of 27.8%, Market trends – Increased investment in R&D in developed regions.

The Global Automotive LiDAR Market Report, published by Emergen Research, offers an industry-wide assessment of the Automotive LiDAR market, which is inclusive of the most crucial factors contributing to the growth of the industry. The latest research report comprises an extensive analysis of the micro- and macro-economic indicators that influence the global market development during the forecast period of 2020-2027.

The global Automotive LiDAR Market is expected to reach USD 1,092.5 Million by 2027, according to a new report by Emergen Research. An increase in the research and development activities in the autonomous vehicle has propelled the demand for the market. The market for autonomous vehicles is continuously evolving to meet the requirement of the customers by collaborating with tech giants. Advancement in technology and awareness regarding Light Detection and Ranging for vehicle safety will create a demand for the product.

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The latest report is the most recent study that offers 360° coverage of the Automotive LiDAR industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Automotive LiDAR market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.

Competitive Terrain:

The Global Automotive LiDAR Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold. The leading market contenders listed in the report are as follows

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., Innoviz Technologies Ltd.

Segmental Analysis

The global Automotive LiDAR market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Automotive LiDAR sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.

  • Image Type Outlook (Revenue, USD Billion; 2017-2027)

    • 2D Image Type
    • 3D-Image Type
  • Technology Outlook (Revenue, USD Billion; 2017-2027)

    • Solid-State LiDAR
    • Mechanical/Scanning LiDAR
  • Vehicle Type Outlook (Revenue, USD Billion; 2017-2027)

    • ICE
    • HEV
    • PHEV
    • Battery Electric

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Regional Analysis:

This section of the report offers valuable insights into the geographical segmentation of the Automotive LiDAR market, alongside estimating the current and future market valuations based on the demand-supply dynamics and pricing structure of the leading regional segments. Furthermore, the growth prospects of each segment and sub-segment have been meticulously described in the report.

The report classifies the global Automotive LiDAR market into various regions, including:

  • North America (U.S., Canada)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Middle East Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)

Report Highlights:

  • The report conducts a comparative assessment of the leading market players participating in the global Automotive LiDAR market.
  • The report marks the notable developments that have recently taken place in the Automotive LiDAR industry
  • It details on the strategic initiatives undertaken by the market competitors for business expansion.
  • It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of the Automotive LiDAR market value chain.
  • The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market.

Key questions addressed in the report:

  • Who are the leading players dominating the global Automotive LiDAR Market?
  • Which factors could potentially hamper the global market growth during the forecast period?
  • Which regional market offers the most attractive growth opportunities to the companies operating in this market?
  • How is the raw material availability affecting the demand for Automotive LiDAR in this industry vertical?

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