Global Automotive LiDAR Market Outlook for 2022-27
Markntel Advisors has conducted a comprehensive study on the Global Automotive LiDAR Market is projected to grow at a CAGR of around 29% during the forecast period, 2022-27. The exponential rise in the global market can be attributed to the growth in the integration of AI-enabled functionalities, the growing ecosystem of Automotive IoT, and rising customer traction toward sophisticated features in the vehicles.In addition, the Global Automotive LiDAR Market Study highlights the impact of domestic and localized market players, emerging revenue opportunities, strategic market growth analysis, product approvals, product launches, geographic expansions, and technological innovations. The objective of the report is to provide a detailed understanding of the industry, including its features, factors, and elements, along with insights into the regulatory scenario & regional dynamics that may impact market growth. GET PDF SAMPLE REPORT- https://www.marknteladvisors.com/query/request-sample/global-automotive-lidar-market.html.Key Drivers: Rising Demand for Autonomous Vehicles WorldwideThe increasing inclination of automotive manufacturers toward manufacturing autonomous vehicles has accelerated the demand for automotive LiDAR sensors for enhancing safety requirements. The burgeoning advancements in autonomous vehicle technologies such as sensors, radars, and microprocessors, among others, have led to a surge in the adoption of autonomous vehicles, particularly from Level 1 to Level 3 as of now. Besides, the growing trend of Robo-taxis for seamless passenger transportation & automated delivery vehicles such as trucks, droids, etc., have opened new opportunities for LiDAR sensors to be equipped in these vehicles.Moreover, to foster autonomous vehicle adoption, governments across the globe have introduced various policies, legislations, and initiatives that are expected to catalyze the demand for autonomous vehicles. In this regard, the European Union (EU) launched Horizon 2020, which aimed to provide research & innovation along with several funding programs to accelerate the incorporation of the autonomous vehicle. The program was stipulated for 2014-2020 with an estimated investment of USD88 billion & has stimulated the demand for LiDAR sensors in autonomous vehicles.Global Automotive LiDAR Industry Breakdown: Key Revenue Generating SegmentsTo facilitate focused analysis, the Automotive LiDAR Market has been divided into different segments, providing shareholders with the opportunity to identify their areas of interest and the most profitable opportunities within the market. By incorporating technical trends, comprehensive analysis of the downstream & upstream value chain, as well as Porter’s five forces analysis, we have diligently forecasted the industry landscape for specific regions/countries, presenting critical pointers for informed decision-making. The segments are as follows:-By Technology-Mechanical-Solid-state-By Application-Autonomous-Semi-Autonomous-By Range-Short & Mid-Range (Up to 200 meters)-Long Range (Above 201 meters)-By Image Processing-2-D-3-D-4-D-By Location-Bumper and Grill-Headlight and Taillight-Roof and Upper Pillar-Others (Windscreen, Rear View Mirrors, etc.)-By Vehicle Type-Passenger Vehicles-Internal Combustion Engine (ICE) Vehicle-Electric Vehicle (EV)-Commercial Vehicles-By Demand Type-OEM-Replacement-By Region-North America-South America-Europe-Middle East and Africa-Asia-PacificEach sections offer valuable insights into the Automotive LiDAR Market. The report includes essential pillars of the industry study, such as drivers, restraints, opportunities, and challenges. The report also provides information on industry overview, specifications, definitions, suppliers, R&D status, cost structure analysis, sources, and technological advancements, potential for improvement, applications, among others.Get Full Report – https://www.marknteladvisors.com/research-library/global-automotive-lidar-market.htmlCompetitive Analysis of the Global Automotive LiDAR Industry-Delphi Automotive, PLC-Continental AG-ZF Friedrichshafen AG-Infineon Technologies AG-Velodyne LiDAR, Inc.-Texas Instruments, Inc.-Leddartech, Inc.-First Sensor AG-Quanergy Systems, Inc.-Innoviz Technologies, Ltd.-Luminar Technologies-Ouster, Inc.-Robert Bosch GmbH-Valeo-Benewake (Beijing) Co., Ltd.-OthersRequest Customization of this report –https://www.marknteladvisors.com/query/request-customization/global-automotive-lidar-market.htmlGlobal Automotive LiDAR Market Research Report Answers the Following Key Questions
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