Precedence Research recently published a report on “Automotive LiDAR Market Size, Share an Growth Analysis, By Product Type (Aerial, Mobile, Terrestrial/Static, and Short-range), By Components (Laser, GPS/GNSS Receiver, Camera, Inertial Navigation System, and Micro Electro Mechanical System), By Application (Advanced Driver Assistance System (ADAS)(Adaptive Cruise Control and Automatic Emergency Braking), and Autonomous Cars) – Global Industry Analysis, Trends, Regional Outlook an Forecasts 2020 – 2027”. Amid the COVID-19 crisis, the global automotive LiDAR market size is projected to reach USD 3 billion by 2027 from an estimated USD 1 billion in 2019, at a CAGR of 28.4% during the forecast period 2020 – 2027.
The market revenue/volume with the help of widespread quantitative and qualitative insights, and forecasts of the market. This report presents breakdown of market into forthcoming and niche segments. Additionally, this research study gauges market revenue growth and its drift at global, regional, and country from 2016 to 2027. This research report evaluates automotive LiDAR market on a global and regional level. It offers thorough analysis of market status, growth and forecast of the global automotive LiDAR market for the period from 2016 to 2027. This research study offers historic data for years 2016 to 2027 along with a forecast from 2020 to 2027 based on value.
Automotive Light Detection and Ranging (LiDAR) is a surveying system that uses pulsed laser lights for determining the distance between two vehicles. The distance is measured by illuminating the target vehicle or object and measuring the reflected pulse by using a sensor. The LiDAR solution in automobile application helps to control the speed and braking system of the vehicle in response to sudden variations in traffic conditions. Prior to LiDAR, radars and sonar were used for range detection in the advanced vehicles. Benefits offered by LiDAR such as determining real-time data and higher accuracy have propelled its market growth over radars and sonar.
Scope of the Study
This market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes market by players, product, application, and region. This report also studies global market prominence, competitive landscape, market share, growth rate market dynamics such as drivers, restraints and opportunities, and distributors and sales channel.
This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers competitive scenario which comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.
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Growth Factors
Increasing awareness among vehicle users for safety along with safety norms issued by the global regulatory bodies is a prime factor that drives the automotive LiDAR market. Furthermore, rising adoption of autonomous and electric vehicles projected to mark a stupendous growth in the application of advanced vehicle safety components such as automotive LiDAR. Growing emphasis from the governments for ADAS incorporated vehicles in the past few years due to safety concern is likely to propel the demand for automotive LiDAR during the forecast period. Automotive LiDAR is proved as the decisive technology for the autonomous vehicles owing to high precision and accurate real-time detection from the lasers emitted from the device.
However, high cost of the technology hinders the market growth. Some of the manufacturers are working towards cutting the price of the LiDAR sensor in automotive sector by reducing the laser emitters in the solution, though the automotive LiDAR is quite expensive these days thus facing restriction in frequent adoption from many manufacturers.
Regional Snapshots
North America led the global automotive LiDAR market with magnificent revenue share accounting to more than 50%. The significant growth of the region is attributed to the rising research and development activities for enhancement of autonomous vehicles. The government policies supporting the investment in autonomous vehicles drive the research & development for the same. For instance, in 2018, U.S. government invested US$ Mn for the research in self-driving technology. The research activity would be conducted in government and private agencies working on the enhancement of autonomous driving solutions.
Europe is the most attractive region in the global automotive LiDAR market. The anticipated growth of the region is mainly due to supportive policies of the government such as European New Car Assessment Program and Vehicle and Driver Safety Policy. Under these policies, the government has mandated the implementation of vehicle safety solutions that significantly drives the market for automotive LiDAR in the region. In addition, the autonomous vehicles are prominently dependent on the sensor that has significantly elevated the sensor implementation, thus propels the overall growth of automotive LiDAR solutions.
Report Highlights
Key Players:
This report also provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the automotive LiDAR market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Some of the prominent players in the automotive LiDAR market include:
Segments Covered in the Report
This research report includes complete assessment of the market with the help of extensive qualitative and quantitative insights, and projections regarding the market. This report offers breakdown of market into prospective and niche sectors. Further, this research study calculates market revenue and its growth trend at global, regional, and country from 2016 to 2027. This report includes market segmentation and its revenue estimation by classifying it on the basis of product type, component, application, and region:
By Product Type
By Components
By Application
By Regional Outlook
Key Takeaways
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Automotive LiDAR Market, By Product
7.1. Automotive LiDAR Market, by Product Type, 2020-2027
7.1.1. Aerial
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Mobile
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Terrestrial/Static
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Short-range
7.1.4.1. Market Revenue and Forecast (2016-2027)
Chapter 8. Global Automotive LiDAR Market, By Application
8.1. Automotive LiDAR Market, by Application, 2020-2027
8.1.1. Advanced Driver Assistance System (ADAS)
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Autonomous Cars
8.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 9. Global Automotive LiDAR Market, By Components
9.1. Automotive LiDAR Market, by Components, 2020-2027
9.1.1. Laser
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. GPS/GNSS Receiver
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Camera
9.1.3.1. Market Revenue and Forecast (2016-2027)
9.1.4. Inertial Navigation System
9.1.4.1. Market Revenue and Forecast (2016-2027)
9.1.5. Micro Electro Mechanical System
9.1.5.1. Market Revenue and Forecast (2016-2027)
Chapter 10. Global Automotive LiDAR Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2016-2027)
10.1.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.3. Market Revenue and Forecast, by Components (2016-2027)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.1.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.4.3. Market Revenue and Forecast, by Components (2016-2027)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.1.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.5.3. Market Revenue and Forecast, by Components (2016-2027)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.3. Market Revenue and Forecast, by Components (2016-2027)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.4.3. Market Revenue and Forecast, by Components (2016-2027)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.5.3. Market Revenue and Forecast, by Components (2016-2027)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.6.3. Market Revenue and Forecast, by Components (2016-2027)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.7.3. Market Revenue and Forecast, by Components (2016-2027)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.3. Market Revenue and Forecast, by Components (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.4.3. Market Revenue and Forecast, by Components (2016-2027)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.5.3. Market Revenue and Forecast, by Components (2016-2027)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.6.3. Market Revenue and Forecast, by Components (2016-2027)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.7.3. Market Revenue and Forecast, by Components (2016-2027)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.3. Market Revenue and Forecast, by Components (2016-2027)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.4.3. Market Revenue and Forecast, by Components (2016-2027)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.5.3. Market Revenue and Forecast, by Components (2016-2027)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.6.3. Market Revenue and Forecast, by Components (2016-2027)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.7.3. Market Revenue and Forecast, by Components (2016-2027)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.3. Market Revenue and Forecast, by Components (2016-2027)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.5.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.4.3. Market Revenue and Forecast, by Components (2016-2027)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.5.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.5.3. Market Revenue and Forecast, by Components (2016-2027)
Chapter 11. Company Profiles
11.1. LeosphereSaS
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Airborne Hydrography AB
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Faro Technologies Inc.
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Aerometric Inc.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. 3D Laser Mapping Inc.
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Mira Solutions Inc.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Quanergy Systems, Inc.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Optech Inc. (Teledyne Technologies)
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. IBEO automotive systems GmbH
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Velodyne
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
11.11. LeicGeosystems Inc.
11.11.1. Company Overview
11.11.2. Product Offerings
11.11.3. Financial Performance
11.11.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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