Industry Background:
Automotive LiDAR scanners are autonomous vehicle sensors essential to the development of autonomous cars. Valeo's LiDAR technology is considered one of the best Advanced Driver Assistance Systems (ADAS) on the market. Light Detection and Ranging (LiDAR) sensors are used to detect objects and estimate distances. The stand-alone, solid-state, MEMS-based scanning automotive LIDAR sensor, is forging a path for the industry to better test and develop the next generation of autonomous driving programs. Growing number of Automotive 3d Scanning Lidar Sensors Players across Regions is expected to drive the Market Growth. Increasing Investments by Prominent Vendors in Product capabilities and Business Expansion is expected to Fuel the Market Growth.
The Global Automotive 3D Scanning LIDAR Sensors market presents a comprehensive analysis of the Automotive 3D Scanning LIDAR Sensors market by product type (IC Engine Vehicles, Hybrid Electric Vehicles (HEVs), Plug-in Hybrid Electric Vehicles (PHEVs) and Battery Electric Vehicles (BEVs)), by end-user/application (Semi-autonomous and Autonomous), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. The key Vendors profiled in the report are Hexagon AB (Sweden), Velodyne Lidar Inc. (United States), Sick AG. (Germany), Topcon Positioning Systems, Inc. (United States), Trimble Inc. Geospatial (United States), RIEGL Laser Measurement Systems GmbH (Austria), Teledyne Optech (Canada), Leosphere (France), Waymo LLC (United States and Valeo S.A. (France).
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | -2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Hexagon AB (Sweden), Velodyne Lidar Inc. (United States), Sick AG. (Germany), Topcon Positioning Systems, Inc. (United States), Trimble Inc. Geospatial (United States), RIEGL Laser Measurement Systems GmbH (Austria), Teledyne Optech (Canada), Leosphere (France), Waymo LLC (United States and Valeo S.A. (France) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Automotive 3D Scanning LIDAR Sensors Market Dynamics:
Attributes | Details |
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Growth Drivers | - Growing number of Automotive 3d Scanning Lidar Sensors Players Across Regions is Expected to Drive Market Growth
- Increasing Investments by Prominent Vendors in Product capabilities and Business Expansion is Expected to Fuel the Market Growth
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Influencing Trends | - Increasing Innovation in Autonomous Robotics Platform and Developing of Active Sensors
- Growing Demand for Fully Autonomous Driving in Desert Environments
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Restraints | - High cost of the 3D laser scanning camera
- Low Level of Maturity of Automotive 3d Scanning Lidar Sensors are some of the Major Obstacles for the Market
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Road Blocks / Challenges | - Increasing Investigation on the Performance Assessment of a Low-cost Automotive LIDAR
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Gaps & Opportunities | - Players are Finding Lucrative Opportunities in Emerging Economies like China and India
- Increasing Awareness of Autonomous Vehicles in Urban Environments
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Regional Breakdown and Segment Analysis
This section of our report presents a realistic picture of the Global Automotive 3D Scanning LIDAR Sensors industry. Investors and manufacturers can easily understand the inherent opportunities and challenges for their products in the geographical region of interest.
The Range, such as Short & Mid-range Automotive Lidar, is boosting the Automotive 3D Scanning LIDAR Sensors market and is anticipated to experience a steady growth during the forecast period.
The Image Projection, such as 2D Automotive LiDAR, is boosting the Automotive 3D Scanning LIDAR Sensors market and is anticipated to experience a steady growth during the forecast period.
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market.
The regional segmentation covered in this report are: