According to Market Research Future (MRFR), the global automotive LIDAR sensors market Size is expected to grow at a CAGR of 25% from 2023 to 2032 (forecast period).
The
research report covers the COVID-19 analysis of the global automotive LIDAR
sensors market and offers a detailed and comprehensive summary of market
segments, emerging developments, growth projections, and industry challenges to
identify investment opportunities.
The LIDAR
(Light Detection and Ranging) system is used to determine the time at which the
pulse laser reaches a certain distance in a specific medium. In general, the
automotive industry uses laser pulses with a length of 3-20 nanoseconds. The
LIDAR sensors in the automotive sector are capable of detecting objects within
a range of 300 meters.
Automotive
LIDAR Sensors Key Players
- Delphi Automotive (U.K.)
- Continental AG (Germany)
- ZF Friedrichshafen (Germany)
- Infineon Technologies
(Germany)
- Velodyne LiDAR (U.S.)
- Texas Instruments
Incorporated (U.S.)
- First Sensor AG(Germany)
- Robert Bosch (Germany)
- Ibeo Automotive (Germany)
- Quanergy Systems (U.S.)
- Valeo S.A. (France)
- Denso (Japan)
- PulsedLight (U.S.)
Automotive
LIDAR Sensors Market Dynamics
The
global automotive market for LIDAR sensors is mainly driven by the strengths of
LIDAR sensors, such as high angular resolution and a broad view required for
proper mid-range detection.
The data
scanned by the LIDAR is capable of being captured by software tools that can be
used to create a model of surrounding vehicles. The LIDAR sensors also act as a
perfect link between close ranges and far range sensor systems.
The
market for LIDAR automotive sensors is also primarily driven by its growing use
in self-driving cars. LIDAR sensors make it possible to distinguish between a
person on a bike and a person walking and at the speed and direction in which
they are going. LIDAR is a crucial sensor for self-driving cars with a
combination of navigation, predictability, and high-resolution object tracking.
The
market is expected to expand in the future, as major players concentrate on
both reducing costs and increasing the range and resolution of LIDAR sensors.
Automotive
LIDAR Sensors Market Segmentation
The
global market for automotive LIDAR sensors has been segmented on the basis of
application type, image type, placement, and end market.
Based on
application type, the global
automotive LIDAR sensors market has been segmented into semi-autonomous
vehicles and autonomous vehicles.
Based on
image type, the global automotive LIDAR sensors market has been segmented into
2d image and 3d image.
Based on
placement, the global automotive LIDAR sensors market has been segmented into
headlights and taillights, roof, and others.
On the
basis of the end market, the global automotive LIDAR sensors market has been
segmented as OEM and aftermarket. Amongst them, the OEM segment is anticipated
to dominate the global market in terms of market revenue. The growth of OEM has
been attributed to factors like advancement in technology and the launch of new
advanced LIDAR sensors.
Automotive
LIDAR Sensors Regional Analysis
Geographically,
the global automotive LIDAR sensors market Share has been segmented into four
major regions of North America, Europe, Asia Pacific, and the Rest of the
World.
The
European region is expected to boost the global market due to the presence of a
large number of OEMs and LIDAR manufacturers in the region. Major players in
the European market are taking steps to geographically extend their reach by
entering into alliances and collaborations with both global and regional
players.
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