logo
logo
Sign in

Automotive LiDAR Market Booming Trends, Share, Growth Challenges, Key Players, Industry Segments and Competitors Analysis

avatar
Automotive LiDAR Market Booming Trends, Share, Growth Challenges, Key Players, Industry Segments and Competitors Analysis

The global automotive LiDAR market size is expected to reach $4.14 billion by 2026, growing at a CAGR of over 35% during the forecast period, according to report published by Polaris Market Research. The report “Automotive LiDAR Market Size By Type (Solid-State LiDAR, Mechanical LiDAR); By Application (Advanced Driver Assistance Systems – (AEB and ACC), Autonomous Vehicle); By Region & Segments Forecast, 2018 – 2026 provides a holistic analysis of current and predicted market trends.

 The major companies operating in the automotive LiDAR sector include established players such as Continental AG, Delphi Technologies, Denso Corporation, First Sensor AG, LeddarTech, Novariant (AgJunction), Quanergy Systems, Inc., Robert Bosch GmbH, Scans LLC, Velodyne LIDAR, Inc.

Within automotive LiDAR there are two main applications – ADAS and Autonomous Vehicle. ADAS application accounts for the majority share in automotive Light detection and ranging market; this is majorly attributed to autonomous/self-driving vehicle not available commercially. This trend is expected to continue during the forecast period with the autonomous vehicle application segment gaining progressively as manufacturers work on that technology.

Get Sample PDF @ https://www.polarismarketresearch.com/industry-analysis/automotive-lidar-market/request-for-sample

Geographically, the American regional market accounted for the largest share during 2017. While, the Asia Pacific regional market for automotive LiDAR is expected to witness highest growth during the forecast period. Increasing competition is observed among automotive OEMs for developing fully autonomous vehicles in the market. With these rapid advancements in autonomous vehicle technology, the global automotive light detection and ranging market is expected to register considerable growth by 2026. Other important factors such as development of solid-state LiDAR sensors, and significance of the LiDAR sensors in ADAS are also responsible for the market growth.

 Automotive LiDAR by Region Outlook (Revenue, USD Million, 2015 – 2026)

  • North America
    • S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa

Get Special Discount On this Research Report @ https://www.polarismarketresearch.com/industry-analysis/automotive-lidar-market/request-for-discount-pricing

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.

Contact Us:

Polaris Market Research

Phone: 1–646–568–9980

Email: [email protected]

Web: www.polarismarketresearch.com

collect
0
avatar
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more