PUBLISHER: TechNavio | PRODUCT CODE: 1168814
PUBLISHER: TechNavio | PRODUCT CODE: 1168814
Technavio has been monitoring the automotive LiDAR sensors market and it is poised to grow by $408.48 mn during 2023-2027, accelerating at a CAGR of 16.79% during the forecast period. Our report on the automotive LiDAR sensors market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rapid developments in autonomous vehicle technology, the key role of LiDAR sensors in ADAS, and the development of more versatile solid-state LiDAR sensors.
Technavio's automotive LiDAR sensors market is segmented as below:
By Application
By Technology
By Geographical Landscape
This study identifies the continuous cost reduction of lidar sensors as one of the prime reasons driving the automotive lidar sensors market growth during the next few years. Also, sensor fusion to be used to combine data from vision, radar, and lidar sensors and create range versatility and lidar sensors based on continuous-wave frequency modulation (CWFM) technology will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the automotive LiDAR sensors market covers the following areas:
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive LiDAR sensors market vendors that include Benewake Beijing Co. Ltd, Cepton Inc., Continental AG, Denso Corp., First Sensor AG, HELLA GmbH & Co. KGaA, Ibeo Automotive Systems GmbH, Infineon Technologies AG, Innoviz Technologies Ltd., LeddarTech Inc., Leishen Intelligent Systems Co. Ltd., Lumibird Canada, Luminar Technologies Inc., Ouster Inc., Quanergy Systems Inc., TetraVue Inc., Valeo SA, Velodyne Lidar Inc., and ZF Friedrichshafen AG. Also, the automotive LiDAR sensors market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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