July 15, 2020
As per the report titled ’ Global Automotive LiDAR Sensor Market: World Market Review By Vehicle Type, By Technology: Opportunities and Forecast (2019-2030)’, available with Market Study Report LLC, global automotive LiDAR market is poised to be worth USD 13,931 million and global shipment is slated to hold a value of 23,945 units over 2019-2030.
According to the findings of the report, increasing production of ADAS cars and testing of autonomous cars in major countries is driving the growth of global automotive LiDAR sensor market. Also, increasing awareness of road accidents and manufactures stressing to provide convenience, security, and safety to drivers and passengers are slated to add significant traction to the market growth. Additionally, increasing investments in R&D of autonomous vehicles is enhancing global sales of automotive LiDAR sensors.
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Global automotive LiDAR sensor market is fragmented based upon vehicle type, technology used, and regional landscape.
Based on vehicle type, the market is bifurcated into autonomous cars, and ADAS cars. Based on technology used, mechanical LiDAR large form factor, mechanical LiDAR small form factor, MEMS, solid state, and flash LiDAR are the segmentations of global automotive LiDAR sensor market.
Speaking of the country analysis, the market is segmented into Japan, United States, China, Germany, and Rest of the World.
The major manufacturers operating in global automotive LiDAR sensor market are Excelitas Technologies, Velodyne, Trimble Inc, Teledyne Optech, LeiShen Intelligent Sensor Co, Leddar Tech, Argo AI, AEye (former US LADAR), Benewake, Blackmore, Espros Photonics Corp, Cepton Technologies, and Fastree 3D among others.