- Report ID: BMRC 801 | Number of pages: 200 | Publish Date: Feb 2020
Status: Published | Category: Automotive And Transport | Delivery Timeline:
Automotive LiDAR Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Automotive LiDAR Market place for the forecast 2020– 2025.
Automotive system use LiDAR to automatically control braking systems and vehicle speed in response to abrupt alterations in traffic conditions. Previously, sonar & radar systems were employed in the automotive sector.
Automotive LiDAR system employs pulsed laser light to calculate the distance between two cars by illuminating the desired target and calculating the refracted pulses with a sensor. Automotive system use LiDAR to automatically control braking systems and vehicle speed in response to abrupt alterations in traffic conditions. Previously, sonar & radar systems were employed in the automotive sector; on the other hand, automotive LiDAR have restored them in automated systems. This is to achieve the data needs, due to rise in the amount of automation in cars and advantages such as capturing of real-time data and higher accuracy.
The global automotive LiDAR market is divided by product type, application, geography, and component. By application, it is divided into automatic emergency breaking, advanced driver assistance system (ADAS), and adaptive cruise control. By component, it is further segmented into inertial navigation system, laser, global positioning system/global navigation satellite system (GPS/GNSS) receiver, camera, and micro electro mechanical system. By product type, it is divided into aerial, terrestrial/static, short-range, and mobile. Regionally, it is divided across Europe, North America, LAMEA, and Asia-Pacific.
The major players included in the global automotive LiDAR market forecast are,
The Global Automotive LiDAR Market Is Expected To Develop At A Significant Pace During The Coming Period
The global automotive LiDAR market is expected to develop at a significant pace during the coming period. The high growth rate in the volume of LiDARs is expected owing to extensive usage of LiDARs in high-level automated cars, rising customer demand, tremendous growth in the R&D for automotive LiDAR to improve the features of the LIDAR system, and an expected drop in manufacturing costs of LiDARs after the start of mass production.
By Application Type:
By Product Type:
By Component Type:
The US Led The Global Automotive LiDAR Market In Terms Of Value Since The Area Had A Huge Share In The Global Automotive LiDAR Market
The requirement for automotive LiDAR differs as per different geographical areas. The automotive LiDAR market has a prominent share in different nations of Europe, Asia Pacific, North America, and Rest-of-the-World (RoW). Regionally, US led the global automotive LiDAR market in terms of value since the area had a huge share in the global automotive LiDAR market. The attendance of major automakers and LiDAR manufacturers such as General Motors, Ford Motors Company, Quanergy Systems, and Velodyne LiDAR, Inc., among others, as well as developments in the number of highly automated cars adds up accounts for the high development rate and major share of the US in the automotive LiDAR market.
Moreover, the increasing requirement of automotive LiDAR from the US offers immense opportunities to firms in the supply chain. In addition to this, Asia Pacific area is predicted to see one of the highest development rates during the coming period due to different factors such as high demand due to advancement in technology, government implementation towards upgradation of current vehicles to autonomous vehicles and ADAS which employs LiDAR systems, and greater adaptation of autonomous cars and security sensors such as LiDARs in these cars owing to reduced cost.
Market by Regional Analysis
North America (USA, Canada, Mexico), Europe (UK, France, Germany, Russia, Rest of Europe), Asia-Pacific (China, South Korea, India, Japan, Rest of Asia-Pacific), LAMEA, Latin America, Middle East, Africa
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Automotive LiDAR Market 2020 By Application Type (Advanced Driver Assistance System (ADAS), Automatic Emergency Breaking (AEB), Adaptive Cruise Control (ACC), Autonomous Cars), By Product Type (Terrestrial/Static, Aerial, Mobile, Short-range), By Component Type (Laser, Inertial Navigation System, Camera and GPS/GNSS Receiver, Micro Electro Mechanical System) Forecast to 2025