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Automotive LiDAR Market 2019 Revenue, Growth Rate, Application, Sales, Trends and Forecast to 2027

 



(USGovernment-News.Com, April 17, 2019 ) The demand share of technologically robust semiconductor components in the automotive industry is majorly among the passenger car segment. Cost and fuel efficiency no longer stay as the primary criterion for purchasing, instead the purchase more depend on the comfort and security provided in the car. Attributing to this fact that, the global automobile manufacturers are witnessing substantial demand for high-end cars, which is pressurizing the automobile manufacturers to add increased numbers of electronic components, thereby driving the market for automotive LiDAR.

Latest market study on "Automotive LiDAR Market to 2027 by Type (Solid State and Flash); Component (Photodetectors, Laser, Integrated Circuit, Optical Elements, and Others); and Application (Autonomous Shuttle, Robotaxis, and Passenger cars) – Global Analysis and Forecast", the automotive LiDAR market is estimated to reach US$ 4,348.09 Mn by 2027 from US$ 415.10 Mn in 2018. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

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Global Automotive LiDAR Market - Company Profiles
- Continental AG
- Denso Corporation
- Innoviz Technologies, Ltd.
- Luminar Technologies, Inc.
- Omron Corporation
- Panasonic Corporation
- VALEO
- Velodyne Lidar
- Xenomatix N.V.
- Triluminia

APAC is considered to be the fastest growing economic region, with China and India as the world’s first and third fastest growing economies. Also, Japan is the most technologically advanced country in the region giving an opportunity for the development of automobile market. Also, emerging economies of Southeast Asia such as Vietnam, Malaysia, Indonesia and others are experiencing a growth in their infrastructural sector thus, the demand for vehicles in the region is expected to increase.

In the new era of global automotive industry, the demand for numerous vehicle electronics is significantly increasing. This has led the automotive industry to witness the innovation and emergence of technologies such as cameras, thin-film transistors, and clusters among others. Cameras such as lane departure warning camera, reverse parking camera, and front camera among others are rapidly growing in all segments of vehicles, which is driving the market in the present scenario. The notable adoption by the automotive OEMs is paving the future path of electronics in the automotive industry. Apart from the above mentioned electronics, there are other electronics embedded with advanced technologies.

The automotive industry across the globe are constantly facing pressures to integrate their vehicles with advanced electronics and semiconductor components in order to enhance the performance of the vehicles. The rising drift of electrification of vehicles is a major factor boosting the market in automotive industry. Attributing to this, the automobile manufacturers are increasingly partnering with semiconductor manufacturers to meet the demands of their customers.

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Automotive LiDAR facilitates safer driving experience and reducing road accidents caused due to human error. The automotive LiDAR market by type is further segmented into solid-state LiDAR and flash LiDAR. The solid-state LiDAR instead of using conventional motors, they use semiconductor solutions to steer light or scan or the scene. Whereas, in the flash LiDAR, the laser beam is not scanned on the scene, however, the last is lightened at once, which results into no requirement of moving part. It is foreseen that the solid-state LiDAR segment of automotive LiDAR market is expected to witness a significant growth rate in the coming years.

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