The global Automotive LiDAR Market is expected to reach USD 1,092.5 Million by 2027, according to a new report by Emergen Research. An increase in the research and development activities in the autonomous vehicle has propelled the demand for the market. The market for autonomous vehicles is continuously evolving to meet the requirement of the customers by collaborating with tech giants. Advancement in technology and awareness regarding Light Detection and Ranging for vehicle safety will create a demand for the product.

The report assesses the profound changes in this business setting caused by the outbreak and considers the prominent market aspects that have been severely disrupted by the pandemic. The report thus expounds on the rapidly changing market scenario in this COVID-19 era, which aims to help businesses involved in this sector overcome the pandemic’s gripping effects and formulate new growth strategies to boost the COVID-19 preparedness.

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Key companies operating in the Automotive LiDAR market include:

Delphi Automotive PLC, ZF Friedrichshafen AG, Velodyne LiDAR, Inc., First Sensor AG, Continental AG, Infineon Technologies AG, Texas Instruments Incorporated, Quanergy System Inc., Leddartech Inc., Innoviz Technologies Ltd.

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Automotive LiDAR market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Key Benefits of the Report:

• Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
• In-depth 8-year analysis of the Global Automotive LiDAR Market
• Critical understanding of the key market segments
• Comprehensive analysis of the drivers, restraints, trends, and opportunities
• Detailed regional analysis and extensive company profiling
• Extensive assessment of current and emerging trends of the market
• Comprehensive analysis of the competitive scenario and its changing dynamics

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Automotive LiDAR Market Segmentation:

• Image Type Outlook (Revenue, USD Billion; 2017-2027)

  • 2D Image Type
  • 3D-Image Type

• Technology Outlook (Revenue, USD Billion; 2017-2027)

  • Solid-State LiDAR
  • Mechanical/Scanning LiDAR

• Vehicle Type Outlook (Revenue, USD Billion; 2017-2027)

  • ICE
  • HEV
  • PHEV
  • Battery Electric

Automotive LiDAR Market Segmentation by Regions:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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