Global Automotive LiDAR Market Research Report 2023(Status and Outlook)

Global Automotive LiDAR Market Research Report 2023(Status and Outlook)

Report Overview

LiDAR technology has taken the automobile world to a whole new level by providing the tools needed for truly safe navigation. Light detection and ranging, also known as “LiDAR” is a remote sensing technology that measures distance by illuminating A target using laser light. In the case of automotive industry, this technology is used to enhance a vehicle’s navigation capabilities by detection and avoidance of obstacles enroute. LiDAR does this by providing clear-cut 3D snapshots of every object in the vehicle’s vicinity. Along with its surveying feature, the LiDar sensors system features automatic speed control, adaptive cruise control systems, braking systems, etc. There are several variants of LiDAR units available today, such as units with 16, 32, and 64 beams of laser light.

The Global Automotive LiDAR Market Size was estimated at USD 211.90 million in 2022 and is projected to reach USD 887.24 million by 2029, exhibiting a CAGR of 22.70% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Automotive LiDAR market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Automotive LiDAR Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Automotive LiDAR market in any manner.

Global Automotive LiDAR Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Continental AG

Garmin Ltd

Infineon Technologies

Innoviz Technologies

LeddarTech

Osram Licht AG

Phantom Intelligence

Princeton Lightwave Inc.

Velodyne Lidar

Quanergy

Market Segmentation (by Type)

Advanced Driver Assistance Systems(ADAS)

Automatic Emergency Braking (AEB)

Adaptive Cruise Control (ACC)

Autonomous Cars

Market Segmentation (by Application)

Horticultural Crops

Field Crops

Turfs & Ornamentals

Others

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Automotive LiDAR Market

Overview of the regional outlook of the Automotive LiDAR Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors