Global Automotive LiDAR Market, Analysis & Forecast
- 2017 to 2026
The global market for automotive LiDAR was estimated to be $65 million in the year 2016.
Automotive LiDARs are currently in experimental phase, where in industry players are testing
the feasibility and performance of LiDAR equipped autonomous systems. However, due to
expected increase in number of autonomous vehicles and highly accurate output provided by
LiDAR integrated systems. The automotive LiDAR market is expected to grow at a double digit
CAGR in the forecast period 2017-2026.
At present, mechanical state automotive LiDAR hold the major share of the global automotive
LiDAR market. However, due to several integration and wear and tear challenges associated
with the usage of these LiDARs, solid-state automotive LiDARs are expected to lead the market
in the upcoming years.
Automotive LiDARs are segmented on the basis of their application, i.e. on the basis of level
of autonomy. Different level of automation includes level 2 (partial automation), level 3
(conditional automation), level 4 (high automation) and level 5 (fully autonomous). Lower level
of automation i.e. level 2 and level 3 automation systems require one LiDAR. However in higher
level of automation, the movement of vehicle is majorly controlled by autonomous systems which
necessitates the need of accurate and dense data. Therefore, multiple LiDARs are integrated in
the level 4 and level 5 autonomous system. Currently, LiDARs for level 4 automation accounts
for maximum share of the global automotive LiDAR market and the market for these LiDARs is
expected to grow at a rapid pace in the upcoming years.
Following points provide a concrete description of the report content and the topics covered in
the report:
• What are the different types of LiDAR in global automotive LiDAR market?
• What is the revenue generation of mechanical and solid-state automotive LiDAR?
• What is the revenue generation of automotive LiDAR as per the level of automation?
• Market value of different types of LiDARs (mechanical and solid-state LiDAR) on the basis
of level of automation?
• What is the market size of automotive LiDARs on the basis of different geographical
regions? Furthermore, what is the market size of LiDARs as per the level of automation
in these regions?
• What are the different factors driving the market towards growth during the forecast
period?
•
What are the major factors challenging the growth of global autonomous vehicle market?
• What kind of new strategies are being adopted by existing market players to make a
mark in the industry?
•
What is the market share of major players in the automotive LiDAR market?
• The key market players are analysed and profiled in detail in the report. This section
covers the business financials, company snapshots, key products & services, major
developments, SWOT analysis and future programs (if any).
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