Vancouver, BC -- (SBWIRE) -- 03/19/2021 -- The global Automotive LiDAR Market is expected to reach USD 1,092.5 Million by 2027, according to a new report by Emergen Research. An increase in the research and development activities in the autonomous vehicle has propelled the demand for the market. The market for autonomous vehicles is continuously evolving to meet the requirement of the customers by collaborating with tech giants. Advancement in technology and awareness regarding Light Detection and Ranging for vehicle safety will create a demand for the product.

Companies such as Uber, General Motors, Apple, and Waymo are involved in the development of autonomous vehicles. LiDAR is one of the key factors in autonomous vehicles, and the mass production of these autonomous vehicles will create a demand for the market product.

The benefit of the LiDAR may drive its demand, but the high cost and low durability of the currently existing technology will affect its demand among the automotive industry. Several companies have avoided using this technology owing to its less durability and limited range. However, manufacturers are seeing it as an upcoming technology in the industry and are engaging in updating the current technology. Velodyne Company, in 2017, established a LiDAR factory in California to ramp up its LiDAR product portfolio.

The latest industry intelligence report on the Automotive LiDAR market performs a cautious examination of the current business environment and competitive landscape of the Automotive LiDAR market for the forecast period, 2020 - 2027. For stakeholders, field marketing executives and product owners planning to maintain a competitive edge the market assessment report brings to light essential impression about the growth rate, share and size of the industry during the estimated period. Deep dive into an array of elements including but not limited to the value proposition, product positioning, and targeting and industry segmentation have been described through resources such as charts, tables, and info graphics.

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Key Highlights From The Report
The high demand for solid-state LiDAR is due to its cost-effective nature. Built on a silicon chip, a solid-state LiDAR is smaller and more irrepressible to vibrations. It can also adjust its directional focus, which is desirable for autonomous vehicle designers.
The autonomous vehicle is witnessing an increased demand as it helps reduce traffic congestion resulting in the efficient delivery of goods and services. It also facilitates better fuel efficiency and reduces carbon monoxide emission.
Most of the manufacturers are testing their autonomous vehicle technologies on battery electric vehicles. A positive customer perception, advancement in technology, and intervention from the government are focusing the attention on Battery Electric Vehicles.
These LiDAR technologies are generally used on bumper and grills location. A need for a better field view without any effect on the appearance of the vehicles is leading the demand for this segment.
North America dominated the market for automotive LiDAR with a 53.9% share in 2019. The mandatory regulations by the government for the installation of safety technologies and the high rate of adoption of advanced technologies will drive the demand of the market.
Key participants include Delphi Automotive PLC, ZF Friedrichshafen AG, Velodyne LiDAR, Inc., First Sensor AG, Continental AG, Infineon Technologies AG, Texas Instruments Incorporated, Quanergy System Inc., Leddartech Inc., and Innoviz Technologies Ltd., among others.

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All of the segments studied in the research study are analyzed on the basis of BPS, market share, revenue, and other important factors. Our research study shows how different segments are contributing to the growth of the global Automotive LiDAR market. It also provides information on key trends related to the segments included in the report. This helps market players to concentrate on high-growth areas of the global Automotive LiDAR market. The research study also offers separate analysis on the segments on the basis of absolute dollar opportunity.

Regional scope: - North America; Europe; Asia Pacific; Central & South America; MEA

Image Type Outlook (Revenue, USD Billion; 2017-2027)
2D Image Type
3D-Image Type

Technology Outlook (Revenue, USD Billion; 2017-2027)
Solid-State LiDAR
Mechanical/Scanning LiDAR

Vehicle Type Outlook (Revenue, USD Billion; 2017-2027)
ICE
HEV
PHEV
Battery Electric

Application Outlook (Revenue, USD Billion; 2017-2027)
Autonomous Vehicle
Semi-autonomous vehicle

Location Outlook (Revenue, USD Billion; 2017-2027)
Bumper & Grill
Headlight & Taillight
Roofs & Upper Pillars
Others (Windscreen, Rear View Mirrors)

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Important the study on the Automotive LiDAR market takes a closer look at the top market performers and monitors the strategies that have enabled them to occupy a strong foothold in the market. Performance of the product and services across different segments and geography are thoroughly assessed during the research. Apart from this, the research brings to light real-time data about opportunities that will completely transform the trajectory of the business environment in the coming years.

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Table of Content
Chapter 1. Automotive LiDAR Market Methodology & Sources
1.1. Automotive LiDAR Market Definition
1.2. Automotive LiDAR Market Research Scope
1.3. Automotive LiDAR Market Methodology
1.4. Automotive LiDAR Market Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Automotive LiDAR Market Key Insights
Chapter 4. Automotive LiDAR Market Segmentation & Impact Analysis
Chapter 5. Automotive LiDAR Market By Products Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 6. Automotive LiDAR Market By Types Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 7. Automotive LiDAR Market By Applications Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 8. Automotive LiDAR Market By End Use Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 9. Automotive LiDAR Market Regional Outlook
Chapter 10. Competitive Landscape
Continued…