Automotive Market Revenue, Trends, Growth, Technologies, CAGR LiDAR for Automotive Market | Page 2

    To segment the automotive LiDAR market and forecast the market size, by volume and value, based on type – solid state, flash, and scanning/mechanical To segment the automotive LiDAR market and forecast the market size, by volume and value, based image type – 2D and 3D To segment the automotive LiDAR market and forecast the market size, by volume and value, based on passenger car type – internal combustion engine (ICE), battery electric vehicle (BEV), and hybrid To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants Early buyers will receive 10% customization on reports. The semi-autonomous vehicle market is estimated to be the largest market for the LiDAR for automotive market, by application The semi-autonomous vehicle segment is estimated to hold the largest market share of the LiDAR for Automotive Market due to factors such as an increase in the demand for driving safety features, the development of cost effective LiDAR solutions, and increasing government regulations. The 3D segment market is estimated to be the fastest growing market of the LiDAR for automotive market, by image type The 3D segment market is estimated to be the fastest growing market of the LiDAR for automotive market, by image type due to the technological advantages over 2D LiDAR and an expected increased use of autonomous vehicle technology in the automotive industry. The accuracy and performance of 3D LiDAR in autonomous vehicles are far superior to conventional solutions such as RADAR and camera. The European market is estimated to be the largest market in the LiDAR for automotive market The European market is projected to be the largest market in the LiDAR for automotive market as the testing of autonomous vehicles has begun in several countries in the region, such as Germany, U.K. and France. The investment in research and development in the European automotive industry is the largest worldwide, with about 180 automobile facilities across the region. The European LiDAR for automotive market is led by the market in Germany owing to the increased demand for technologically advanced features in the country. To speak to our analyst for a discussion on the above findings, click Speak to Analyst