The report gives the clear picture of current Automotive LIDAR Sensors market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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Global Automotive LIDAR Sensors Market Key Companies Analyzed In Report Are: Delphi Automotive (U.K.), Continental AG (Germany), ZF Friedrichshafen (Germany), Infineon Technologies (Germany), Velodyne LiDAR (U.S.), Texas Instruments Incorporated (U.S.), First Sensor AG(Germany), Robert Bosch (Germany), Ibeo Automotive (Germany), Quanergy Systems (U.S.), Valeo S.A. (France), Denso (Japan), PulsedLight (U.S.), Teledyne Optech (Canada), LeddarTech (Canada), Trilumina (U.S.), TetraVue (U.S.), Princeton Lightwave (U.S.), and HELLA GmbH (Germany).
The global automotive LIDAR sensors market is very dynamic, and is expected to witness significant growth over the forecast period. The growth of this market is attributed to the increased integration of LIDAR in advanced driver assistant system, majorly by the original equipment manufacturers. This ensures that the vehicles have safe navigation and avoid collision. With the growth of the automotive market, providing safe and comfortable driver assistance is becoming the unique selling point for OEMs. Mechanical LIDAR sensors have been extensively used by the automotive manufacturers due to its implementation of testing the automated vehicle prototype. These create challenges for the manufacturers during integration of automotive given their fragile, bulky and expensive nature.
Increase in number of automated vehicles and the decrease in the manufacturing cost of the LIDAR sensors, will immensely contribute in the growth of the market. Increase in the manufacturing and adoption of connected cars in the developed economies, is further expected to generate huge opportunities for the growth of the automotive LIDAR sensors market. However, the growth of this market might be restrained by the huge cost associated with the use of expensive components such as navigation systems, laser scanners and high resolution 3D camera systems.
Scope of the Report:
The scope of the study segments the global Automotive LIDAR Sensors Market by application type, by image type, by placement, by end-market and by regions.
By Application Type
By Image Type
Headlight & Taillight
By End Market
The global automotive LIDAR sensors market has been segmented on the basis of application type, image type, placement, end market and region. On the basis of end market, the market has been segmented as OEM and aftermarket. Amongst them, the OEM segment is expected to dominate the global market by end market, in 2016, in terms of market revenue. The growth of OEM has been attributed to factors such as advancement in technology and launch of new advanced LIDAR sensors.
Region wise, the global automotive LIDAR sensors market has been segmented as North America, Europe, Asia Pacific and Rest of the World. Europe has accounted for the largest market share, in 2016, followed by Asia Pacific. The Europe region is a hub for a large number of automotive manufacturing companies. The automobile companies are integrating LIDAR sensors in the advanced driver assistance system, thereby driving the growth of the market in the region. Furthermore, North America region is expected to experience growth in the automotive LIDAR sensors market with the increased emphasis on artificial intelligence based products. Asia Pacific region is expected to grow tremendously in the global automotive LIDAR sensors market due to the presence of countries such as Japan. Such countries are well known for their technological innovations in developing LIDAR sensor technology and the effective integration of artificial intelligence in electric vehicles.
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