Automotive LIDAR Sensors Market 2020 Global Industry Research Report

Posted by Abhijeet Bendre on January 15th, 2020

Market research future published a half cooked research report on global automotive LIDAR sensors market. The automotive LIDAR sensors market is expected to grow at ~25% CAGR during the period 2017 to 2023.

Market Highlights:

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.

13031. 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.

The key players in the global automotive LIDAR sensors market are adopting mergers and acquisitions, as key strategic developments. For Instance, in October 2016, Infineon Technologies AG acquired Dutch electronics company Innoluce BV, a designer of miniature “lidar” laser-scanning modules. This will help them in developing affordable sensor systems for driverless cars.

Market Research 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 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

• Semi-Autonomous Vehicles
• Autonomous Vehicles

By Image Type

• 2D Image
• 3D Image

By Placement

• Headlight & Taillight
• Bumpers
• Roof
• Others

By End Market

• OEMs
• Aftermarket

By Regions

• North America
• Asia Pacific
• Europe
• Rest of the World

Key Players

The prominent players in the automotive LIDAR sensors market include 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).