According to a research report published by Spherical Insights & Consulting, the Global Automotive LiDAR Market Size Expected to Grow from USD 0.56 Billion in 2023 to USD 16.96 Billion by 2033, at a CAGR of 40.45% during the forecast period 2023-2033.

Get a Sample PDF Brochure: https://www.sphericalinsights.com/request-sample/4296

Automotive light detection and ranging (LiDAR) is considered as sensing technology that indicates the distance between objects or places. This method worked by lighting the target with optical rays and detecting their properties by reflecting the signal. The width of the optical rays is measured between milliseconds and nanoseconds. The sensor embedded in LiDAR constructs the 3D image description related to the upcoming path obstacles. The data captured by the sensor is based on the light speed and distance of optical rays toward the object. LiDAR helps to navigate during traffic congestion as well as send reflecting signals to avoid collision with emergency braking. More sales of electric vehicles with LiDAR technology and increased development of autonomous vehicles will create new opportunities for this industry. However, the initial high expense of installing a system, as well as the complexity and maintenance price can limit the growth.

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Automotive LiDAR Market Size, Share, and COVID-19 Impact Analysis, By Type (Mechanical, Solid-State), By Image Type (2D Image, 3D Image), By Application (Semi-Autonomous Vehicles, Autonomous Vehicles), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

Buy Now Full Report: https://www.sphericalinsights.com/checkout/4296

The solid-state segment is anticipated to hold the largest share of the global automotive LiDAR market during the forecast period.

On the basis of type, the global automotive LiDAR market is categorized into mechanical and solid-state. Among these, the solid-state segment is anticipated to hold the largest share of the global automotive LiDAR market during the forecast period. The solid-state LiDAR is a desirable choice for the automotive industry, especially when developing self-driving cars where accuracy, dependability, and long-term performance are essential. Solid-state LiDAR technology is becoming more and more popular in the automotive sector because of its enhanced performance and inexpensive cost as well as give an accurate measurement of nearby objects.

The 3D image segment is expected to grow at the fastest CAGR in the global automotive LiDAR market during the projection period. 

On the basis of image type, the global automotive LiDAR market is classified into 2D images and 3D images. Among these, the 3D image segment is expected to grow at the fastest CAGR in the global automotive LiDAR market during the projection period. 3D images help to produce data in LiDAR systems with highly precise, accurate measurements of the human being as well as other objects and are easy to operate in a variety of locations, in night and day conditions.

 The autonomous vehicle segment is anticipated to hold the largest share of the global automotive LiDAR market during the forecast period.

Based on the application, the global automotive LiDAR market is segmented into semi-autonomous vehicles and autonomous vehicles. Among these, the autonomous vehicle segment is anticipated to hold the largest share of the global automotive LiDAR market during the forecast period. The autonomous vehicle is embedded with different levels of operational function, so it changes according to the primary inputs. So, this segment fuels the market growth due to the flexibility of LiDAR.

Inquire Before Buying This Research Report: https://www.sphericalinsights.com/inquiry-before-buying/4296

Asia Pacific is expected to hold the largest share of the global automotive LiDAR market during the forecast period.

This region includes developing nations like India, South Korea, and Japan. China is a notable exception because high deployment of self-driving cars as well and the country has positioned itself as a major growth for the automotive LiDAR market due to the expansion of its automotive sector and the government’s push for innovation.

North America is anticipated to grow at the fastest CAGR of the global automotive LiDAR market during the projection period. The strict government regulations mandating the installation of certain automotive safety technologies in automobiles and advancements in LiDAR technologies, which are broadening their applications in core 3D imaging and range, are the reasons behind North America’s market position.

Competitive Analysis

The report offers the appropriate analysis of the key organizations/companies involved within the global hemato oncology testing market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global automotive LiDAR market are LeddarTech Inc., XenomatiX N.V, Velodyne Lidar Inc., SICK AG, Quanergy Systems Inc., Ouster, Inc., OMRON Corporation, Lu minar Technologies Inc., Innoviz Technologies Ltd, Hesai Technology, Continental AG, Cepton Technologies Inc, Beijing SureStar Technology Co., Ltd, AEye Inc, Argo AI LL, Aurora Innovation, and others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In September 2024, Hesai unveiled its OT128 Lidar at the IAA Transportation event in Hannover. This next-generation lidar offers 360-degree long-range sensing capabilities.

• In March 2024, Sony Semi-conductor and AMD decided to collaborate agreement for the design of autonomous LiDAR. The collaboration aims to set new standards in LiDAR technology, providing exceptional accuracy and fast data processing for next-generation autonomous driving solutions.

• In January 2024, Aeva introduced the Atlas, the first automotive-grade 4D LiDAR sensor designed for mass-production automotive applications which allows for simultaneous measurement of range and velocity for every point, providing high-resolution data for advanced driver assistance systems (ADAS) and autonomous driving.

 Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global automotive LiDAR market based on the below-mentioned segments:

Global Automotive LiDAR Market, By Type

• Mechanical
• Solid-State

Global Automotive LiDAR Market, By Image Type

• 2D Image
• 3D Image

Global Automotive LiDAR Market, By Application

• Semi-Autonomous Vehicles
• Autonomous Vehicles

Global Automotive LiDAR Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

Browser Related URL

Global V2X Cybersecurity Market Size, Share, and COVID-19 Impact Analysis, By Connectivity (DSRC and Cellular), By Unit Type (On-board Unit (OBU) and Roadside Unit (RSU)), By Communication (Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I), Vehicle-to-Pedestrian (V2P), and Vehicle-to-Cloud (V2C)), By Vehicle Type (Commercial Vehicle and Passenger Car), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

Global Automotive Filters Market Size, Share, and COVID-19 Impact Analysis, By Type (Fuel Filter, Air Filter, Oil Filter, Emission Filter), By Sales (OEM, IAM, OES And Aftermarket), By Application (Passenger Vehicle (P), LCV, HOV, 2-wheeler), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

Global Advanced Driver Assistance System (ADAS) Testing Equipment Market Size, Share, and COVID-19 Impact Analysis, By Product (Hardware and Software), By End-User (Automotive OEMs, Tier-1 Suppliers, Labs, and Other Institutes), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

Global Skid Steer Loader Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Tracked Skid Steer Loader, Wheeled Skid Steer Loader), By Operating Capacity (Up To 1,250 lbs, 1,251- 2,000 lbs, 2,001-3,000 lbs, 3,001-4,000 lbs, More Than 4,000 lbs), By End-Use (Agriculture & Forestry, Construction, Logistics, Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

 CONTACT US:

For More Information on Your Target Market, Please Contact Us Below:    

Phone: +1 303 800 4326 (the U.S.)

Phone: +91 90289 24100 (APAC)

Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com

Contact Us: https://www.sphericalinsights.com/contact-us

Follow Us: LinkedIn | Facebook | Twitter