GENERAL

What is Automotive LiDAR Market Regional Forecast, and CAGR Status for Navigating the 2023?

Automotive LiDAR Market” Research Insights 2023-2027 report offers valuable information to support business analytics and strategic decision-making. The report examines current market opportunities, ongoing industry trends, and the latest innovations. It includes comprehensive data on top companies, successful marketing strategies, and CAGR value, as well as in-depth insights into recent developments. The report analyzes key growth patterns, sales revenue, demand-supply scenarios, and developing strategies for major market players. It also provides critical details on key suppliers. 

Who are the leading players in Automotive LiDAR market?

  • Continental AG
  • Garmin Ltd
  • Infineon Technologies
  • Innoviz Technologies
  • LeddarTech
  • Osram Licht AG
  • Phantom Intelligence
  • Princeton Lightwave Inc.
  • Velodyne Lidar
  • Quanergy

{Impressive Compound annual growth rate (CAGR) With Multiple million USD}

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Short Description of Automotive LiDAR Market:

The global Automotive LiDAR market was valued at 197.72 Million USD in 2021 and will grow with a CAGR of 23.59% from 2021 to 2027, According to our newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
LiDAR technology has taken the automobile world to a whole new level by providing the tools needed for truly safe navigation. Light detection and ranging, also known as “LiDAR” is a remote sensing technology that measures distance by illuminating A target using laser light. In the case of automotive industry, this technology is used to enhance a vehicle`s navigation capabilities by detection and avoidance of obstacles enroute. LiDAR does this by providing clear-cut 3D snapshots of every object in the vehicle`s vicinity. Along with its surveying feature, the LiDar sensors system features automatic speed control, adaptive cruise control systems, braking systems, etc. There are several variants of LiDAR units available today, such as units with 16, 32, and 64 beams of laser light.

To Understand How Covid-19 Impact Is Covered in This Report
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On the Basis of Product Type, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into:

  • Advanced Driver Assistance Systems(ADAS)
  • Automatic Emergency Braking (AEB)
  • Adaptive Cruise Control (ACC)
  • Autonomous Cars

On the Basis of the End Users/Applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including:

  • Passenger Cars
  • Commercial Vehicles

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