LiDAR sensors in automobiles are used to improve a vehicle's navigation capabilities by detecting and avoiding obstructions along the way. LiDAR sensors (Light Detection and Ranging sensors) are detection and survey devices used to determine the proximity of an object. A laser, a scanner, and a specialized GPS receiver are the main components of a LiDAR system. Because it provides a 3D mapping of the vehicle's surrounds, the technology has emerged as a key pillar in the concept of autonomous vehicles. This allows safe navigation system for vehicles. Adaptive cruise control systems, automatic speed control, and braking systems are some of the LiDAR system's applications.
The "Global Automotive LiDAR sensor Market Analysis to 2028" is a specialized and in-depth study of the Automotive LiDAR sensor Market with a special focus on the global market trend analysis. The report aims to provide an overview of automotive LiDAR sensor market with detailed market segmentation by technology, image type, application and vehicle type. The global automotive LiDAR sensor market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive LiDAR sensor market player and offers key trends and opportunities in the automotive LiDAR sensor market.
Based on technology the market is segmented as, solid-state LiDAR, mechanical LiDAR.
Based on image type the market is segmented as, 2D and 3D.
Based on application the market is bifurcated as, autonomous vehicle, semi-autonomous vehicle.
Based on vehicle type the market is segmented as, ICE, HEV, PHEV and battery electric.
The market is being driven by the growing need for improved sensors in the automobile sector, as well as an increase in administrative regulations requiring such installations (such as AEB braking system installations in the United States and the United Kingdom).
Additionally, automotive LiDAR sensors work even in complete darkness, which makes them popular among the verticals and end users.
Growing safety concerns and regulations governing safety along with growing adoption of autonomous vehicles are also expected to boost market growth.
The high cost of the LiDAR sensors technology is expected to restrain market growth during the forecast period.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global automotive LiDAR sensor market based on various segments. It also provides market size and forecast estimates from year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The automotive LiDAR sensor market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting automotive LiDAR sensor Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the automotive LiDAR sensor market in these regions.
IMPACT OF COVID-19 ON AUTOMOTIVE LIDAR SENSOR MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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The reports cover key developments in the automotive LiDAR sensor market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from automotive LiDAR sensor market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive LiDAR sensor market. Below mentioned is the list of few companies engaged in the automotive LiDAR sensor market.
The report also includes the profiles of key automotive LiDAR sensor market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
Delphi Automotive PLC
Infineon Technologies AG
Innoviz Technologies Ltd.
Luminar Technologies, Inc.
Quanergy Systems, Inc.
Texas Instruments Incorporated
Velodyne Lidar, Inc.
ZF Friedrichshafen AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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The List of Companies
1. Continental AG
2. Delphi Automotive PLC
3. Infineon Technologies AG
4. Innoviz Technologies Ltd.
5. Leddartech Inc.
6. Luminar Technologies, Inc.
7. Quanergy Systems, Inc.
8. Texas Instruments Incorporated
9. Velodyne Lidar, Inc.
10. ZF Friedrichshafen AG