The Global Automotive LiDAR Market is projected to grow from USD 513.3 million in 2021 to USD 1415.1 million by 2030 at a CAGR of 19.5% during the forecast period. LiDAR (light detection and ranging) is a sophisticated remote sensing system that detects, identifies, and creates a precise 3-D virtual representation of an item. A high-intensity laser tool, a micro electro mechanical system (MEMS) scanner, and a GPS trans-receiver are utilized in LiDAR to create 3D and 2D images. Seismology, geomatics, atmospheric physics, aerial laser swath mapping, archaeology, and geomorphology are just a few of the applications for LiDAR. LiDAR systems are also used in a variety of industries, including automotive, healthcare, defense, and others. LiDAR technology is utilized in the automobile industry to navigate and control autonomous vehicles.
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The most recent research report on the Global Automotive LiDAR Market Research 2022-2028 discusses upcoming trends as well as an in-depth analysis of the Automotive LiDAR market's global regional landscape. Furthermore, the global Automotive LiDAR market report assesses comprehensive details such as demand and supply rate, significant contribution by leading industry manufacturers, Automotive LiDAR market share, and Automotive LiDAR industry growth rate.
Extensive secondary research was conducted in this study to gather information about the Global Automotive LiDAR market. Furthermore, primary research on individual businesses has been conducted to support the stated assumptions and findings. The Automotive LiDAR market research report is said to be a basic insightful data about the topological landscape of the companies and respective businesses that have accumulated a highly regarded position in the global Automotive LiDAR market.
We've also included a summary of its major manufacturers' revenue share, production, consumption volume, sales price, import & export, and gross margin. In addition, the Automotive LiDAR market has been divided into segments based on upstream raw materials, definitions, downstream consumers, and equipment analysis. The global Automotive LiDAR market report also includes information on upcoming trends, the competitive landscape, Automotive LiDAR market influencing factors, and key statistics for each industry.
In order to optimize various industrial strategies, advertising methods, and global and regional sales impacts on the Automotive LiDAR market, the global Automotive LiDAR market report has been segmented by application, major manufacturers, product types, and topological zones. The Automotive LiDAR market report thoroughly investigates several significant parameters such as Automotive LiDAR market share, investments, revenue growth, globalization demand and supply factors. The research paper also compares the production value and growth rate of the Automotive LiDAR market across different geographies. It also focuses on top consumers, consumption, product capacity, market share, and expected growth opportunities.
COVID-19 ANALYSIS
During 2020-21, COVID-19 had a significant impact on semiconductor production in Taiwan, China, and other East Asian countries. Automobile manufacturers eventually faced significant issues in securing adequate supplies of semiconductor chips for integration into their vehicles. As a result, the market witnessed a dip in 2020, followed by a significant comeback in 2021 as the semiconductor industry's output increased. In contrast to 2021 and 2020, the supply of semiconductor chips dramatically increased in 2022. The disruption created by COVID-19 in the semiconductor fabrication and vehicle industries would be mitigated by the shrinking gap between demand and supply of semiconductor chips.
Top Players involved in this report are:
NXP Semiconductors
First Sensor AG
Ibeo Automotive Systems GmbH
Luminar Technologies Inc.
LeddarTech Inc.
Continental AG
DENSO CORPORATION.
Robert Bosch GmbH
Quanergy Systems, Inc.
Velodyne LiDAR Inc.
TETRAVUE, INC.
XenomatiX - TRUE SOLID STATE LIDAR
Innoviz Technologies Ltd
Global Automotive LiDAR Market segmentation by Types:
Mechanical
Solid-state
Geographical outlook of this report:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
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The competitive assessment of the prominent industry players is also encompassed in the global Automotive LiDAR market which is responsible to recognize direct or indirect competitors present in the industry. It offers company profiles of the Automotive LiDAR industry players in accordance with product picture and its portfolios, Automotive LiDAR market plans, and technology. We have also mentioned strength and weaknesses of the Automotive LiDAR market alongside the competitive benefits which improves productivity and efficiency of the companies.
