Global Automotive LIDAR Sensors Market Calculated to Garner a CAGR of 25% During the Forecast Period 2021

The global automotive LIDAR sensors market is primarily driven by the advantages offered by the product such as the wide view and high angular resolution that is requisite for the proper mid-range detection. The scanned data by LIDAR boasts the capability of being recorded by the software tools, one which can be used for producing a model of vehicles. The global automotive LIDAR sensors market is projected to gain considerable growth and expansion in the forthcoming years. Market Research Future (MRFR) goes on to state that the global market will garner a projected growth rate of 25% over the forecast period between 2017 and 2023.

The market is majorly driven by is heightening use in self-driving cars. These sensors allow the differentiation between a person walking and a person on a bike, and also the speed they are moving in and the direction they are going in. The future of the market looks positive as the demand for automotive LIDAR sensors is anticipated to increase significantly due to the vast pool of benefits it offers. Additionally, some of the major players in the market are laying focus on both curbing down the cost as well as increasing the range and resolution of the LIDAR sensors, thereby driving more growth and demand.

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Regional Analysis

The global automotive LIDAR sensors market is geographically distributed across four major regions, namely North America, Asia Pacific, Europe, and the Rest of the World (RoW).

The automotive LIDAR sensors market is led by Europe in the global landscape. The region holds a major share of the global market and is further expected to garner considerable growth over the forecast period. The growth of the region is due to the growing focus laid upon developing advanced electronics for automobiles, increased export activities of automotive parts herein, and the fast-paced expansion of the automotive sector.

Elsewhere, the North American region is projected to garner massive growth during the forecast period to hold a key position in the global market. The growth of the region is primarily due to the fast-paced adoption of technologically advanced features in various automobiles, increasing disposable income of the population base, and the growing demand for LIDAR sensors in fuel-based and electronic automobiles.

In Asia Pacific, the market is expected to grow at an impressive pace over the forecast period due to a number of key factors. The increasing production of automotive parts, rising utilization of automobiles due to the expanding population base, increasing demand for technologically advanced automobiles, and growing awareness in this region concerning the safety features in automobiles produced these days.

Market Segmentation

The global automotive LIDAR sensors market segmentation is based in terms of image type, application type, end market, and placement.

By image type, the market includes 2D image and 3D image.

By placement, the market segments into bumpers, headlight & taillight, roof, bumpers, and others.

By application type, the market divides into autonomous and semi-autonomous vehicles.

By end market, the market comprises OEM and aftermatket. The OEM segment is expected to accrue the highest revenue over the forecast period due to factors like the launch of new advanced LIDAR sensors and the growing advancements in technology.

Competitive Landscape

The global automotive LIDAR sensors market includes a host of new and top-tier players. MRFR in its published report mentions various key players, including PulsedLight (the U.S.), Delphi Automotive (the U.K.), Continental AG (Germany), Robert Bosch (Germany), ZF Friedrichshafen (Germany), Quanergy Systems (the U.S.), Infineon Technologies (Germany), Velodyne LiDAR (the U.S.), First Sensor AG(Germany), Trilumina (the U.S.), Texas Instruments Incorporated (the U.S.), Valeo S.A. (France), Denso (Japan), TetraVue (the U.S.), Ibeo Automotive (Germany), Princeton Lightwave (the U.S.), LeddarTech (Canada), Teledyne Optech (Canada), and HELLA GmbH  (Germany). 

April 25th, 2019, Velodyne Lidar Inc. made an announcement today concerning its deal with Nikon Corporation. This deal will see Sendai Nikon Corporation, a subsidiary company of Nikon Corporation, manufacturer LIDAR sensors for Velodyne.

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Key Questions Addressed by the Report

• What was the historic market size?
• Which segmentation (Product/ Capacity) is driving market?
• What will be the growth rate?
• How are the key players in this market?
• What are the strategies adopted by key players?

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

2.3 RESEARCH PROCESS

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

3 MARKET LANDSCAPE

3.1.1 THREAT OF NEW ENTRANTS

3.1.2 BARGAINING POWER OF BUYERS

3.1.3 THREAT OF SUBSTITUTES

3.1.4 SEGMENT RIVALRY

3.1.5 BARGAINING POWER OF BUYERS

3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 MARKET TRENDS

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