Automotive LIDAR Sensors Market: Global Industry Size, Share, Growth Factors, Trends, Regional Analysis, And Competitive Landscape Forecast To 2023

Global Automotive LIDAR Sensors Market growth is boosted by factors such as, the strengths of LIDAR sensors such as high angular resolution and wide view that is required for proper mid-range detection. The data scanned by the LIDAR is capable of being recorded by the software tools, which can be used for creating a model of vehicles surrounding. Also, the LIDAR sensors serve as a perfect connection between close ranges and far range sensor systems.

Automotive LIDAR Sensors Market Key Players 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).

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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. The 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. In future, the market has been projected to grow, as major players greatly focus on both, decreasing the cost and increasing the range and resolution of the LIDAR sensors.

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.

Regional Analysis:

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.

Scope of the Report:

This study provides an overview of the global Automotive LIDAR Sensors market, tracking three market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region.

The report for Global Automotive LIDAR Sensors Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current 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.

Get more details on this “Automotive LIDAR Sensors Market Research Report- Forecast to 2023” at: https://www.marketresearchfuture.com/reports/automotive-lidar-sensors-market-4942

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