Automotive LiDAR Sensor Market Forecast 2024 to 2032
The Automotive LiDAR Sensor Market was valued at USD 85.00 Million in 2022 and is expected to register CAGR of 27.08% by 2032.
Automotive LiDAR (Light Detection and Ranging) sensors are a key technology used in autonomous vehicles for perception and environment sensing. LiDAR sensors use laser light to measure distances and create detailed three-dimensional maps of the surrounding environment and track objects such as other vehicles, pedestrians, and obstacles.
LiDAR technology has been evolving rapidly in recent years. There has been a focus on developing smaller, more affordable, and more reliable LiDAR sensors to enable widespread adoption in the automotive industry. Manufacturers are working on solid-state LiDAR sensors with improved performance, increased range, higher resolution, and the ability to handle different weather conditions.
Report Overview:
The Automotive LiDAR Sensor Market was valued at USD 85.00 Million in 2022 and is expected to register CAGR of 27.08% by 2032.
The automotive LiDAR sensor market growth is significantly driven by factors such as growing adoption of Advanced Driver Assistance Systems (ADAS), rising demand for autonomous vehicles, and technological developments in LiDAR sensors.
The Automotive LiDAR Sensor Market is segmented By Type (Solid State Lidar, Mechanical/Scanning Lidar), By Application (OEM, Research)
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Report Coverage:
By Type | Solid State Lidar |
Mechanical/Scanning Lidar | |
By Application | OEM |
Research | |
By Region | North America |
Latin America | |
Western Europe | |
Eastern Europe | |
Middle East & Africa | |
Asia Pacific | |
Emerging Countries | |
Report Base Year | 2022 |
Report Forecast Year | Upto 2032 |
Historical Data | 2018-2022 |
Qualitative Info | Value Chain Analysis |
Pricing Analysis | |
Regional Outlook | |
Market Trends | |
Market Share Analysis | |
Competition Analysis | |
Technological Advancements |
Key Companies:
Velodyne
ibeo
Quanergy Systems
Leddartech
Trilumina
Luminar
Phantom Intelligence
Hesai Tech
Leishen
Our Report Takes into Consideration Revenues of All the Tier 1, 2, and 3 Players In The Market
Recent News:
MOVIA sensor- a solid-state flash-based LiDAR sensor launched (click here)
Continental Expands LiDAR Technology Portfolio by Investing in Robotic Vision and Sensing Pioneer AEye (click here)
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Key Questions Addressed in the Report Include:
Which market segments are generating the most revenue?
What is the geographical outlook for various market segments?
Where are the future investment opportunities considering the recent trends?
What is the effect of various market dynamics on the market and how will the market shape in the future?
Which are potential & niche segments and regions exhibiting promising growth?
What are the current challenges in Automotive Lidar Sensor Market?
Who are the major players in the Automotive Lidar Sensor Market and what does market share analysis looks like?
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