Jun 11, 2017   SOURCE: PR NewsWire

At 28+% CAGR, LiDAR Sensor Automotive Market Potentially Worth $2,557.3 Million by 2030 Led by European Market

PUNE, India, June 11, 2017 /PRNewswire-iReach/ -- The autonomous vehicles segment is estimated to be the fastest growing segment of the LiDAR sensor automotive market in 2025. The autonomous vehicles segment is estimated to be the fastest growing segment. Major OEMs like General Motors Company, Audi, Ford, and the Volvo Group are developing and innovating fully autonomous driving technologies with the help of LiDAR technology. Complete report on "LiDAR Sensor Automotive Market" spread across 164 pages, profiling 10 companies and supported with 91 tables and 54 figures is now available at http://www.rnrmarketresearch.com/lidar-sensor-automotive-market-by-technology-mechanical-and-solid-state-application-semi-autonomous-and-autonomous-location-bumper-grill-headlight-taillight-roof-upper-pillar-image-type-2d-and-3-st-to-2030-market-report.html .

In 2025, the fastest growing LiDAR sensor automotive market, by region, is expected to be the European market, which is estimated to hold a majority of the market share of the global LiDAR sensor automotive market, by value and volume. The European Union is also in favor of legalizing the use of LiDAR-based ADAS applications to increase vehicle safety. Autonomous vehicles are already being tested in several European countries, such as Germany and France. This is also driving the LiDAR sensor-based ADAS application market in Europe, which will ultimately impact the global market.

The solid state LiDAR segment is estimated to be the fastest growing segment. The solid state LiDAR type segment is estimated to hold the largest market share during the forecast period. The solid state LiDAR is smaller, lighter, and more cost effective than the mechanical/scanning LiDAR. The reducing cost of components along with the increased participation of major players across the LiDAR value chain has also helped reduce the overall cost of solid state LiDAR features.

The LiDAR sensor automotive market is driven by the rising trend of autonomous and semi-autonomous vehicles using automotive LiDAR systems, the rising government regulations for vehicle safety, increasing adoption of ADAS technology by OEMs. However, the high cost of installation of LiDAR sensor-based applications results in an increase in the overall cost of the vehicle.

This research study is obliging for following audience:

    1. Automotive LiDAR manufacturers
    2. LiDAR experts
    3. LiDAR software developers
    4. Chip manufacturers
    5. System integrators
    6. Headlight and taillight manufacturers
    7. Autonomous technology experts
    8. Industry experts

The LiDAR sensor automotive market is dominated by a few globally established players such as Delphi Automotive, PLC (U.K.), Continental AG (Germany), ZF Friedrichshafen AG (Germany), Infineon Technologies AG (Germany), Velodyne LiDAR, Inc. (U.S.), Texas Instruments, Inc. (U.S.), Leddartech, Inc. (U.S.), First Sensor AG (Germany), Quanergy Systems, Inc. (U.S.), and Innoviz Technologies, Ltd. (Israel). Download PDF Brochure "LiDAR Sensor Automotive Market by Technology (Mechanical, and Solid State), Application (Semi-Autonomous, and Autonomous), Location (Bumper & Grill, Headlight & Taillight, Roof & Upper Pillar), Image Type (2D, and 3D), Vehicle Type - Global Forecast to 2030" research report at http://www.rnrmarketresearch.com/contacts/request-sample?rname=1049135 .

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (67%), Tier 2 (25%) and Tier 3 (8%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (53%), Director Level (34%) and Manager Level (13%) from various key organizations operating in the LiDAR sensor automotive market. The primary interviews were conducted worldwide covering regions such as North America (30%), Asia-Pacific (40%), Europe (22%) and RoW (8%).

The report covers the LiDAR sensor automotive market by technology (mechanical and solid state), application (semi-autonomous and autonomous), location (bumper and grill, headlight and taillight, roof and upper pillar, and others), image type, vehicle type, and region--global forecast to 2030. The report covers the LiDAR sensor automotive market in terms of volume (thousand units) and value (USD million).

On a related note, another research titled Semi-Autonomous and Autonomous Vehicles Market Global Forecast to 2021 & 2030 says, the semi-autonomous vehicles market was estimated to be 3.17 million units in 2016 and is projected to reach 7.84 million units by 2021, with CAGR of 19.85%. Technology swap: The benchmark of the normal driving to advanced driving system. Industry towards reducing operating cost of vehicle in efficient way. Asia-Pacific market plays crucial role in semi-autonomous and autonomous vehicles growth. Companies such as Volkswagen Group (Germany), Nissan motor (Japan), Daimler (Germany), Tesla Motors (U.S.), Continental Ag (Germany), Bosch (Germany), Delphi Automotive (U.S.), Google (U.S.), Cisco Systems Inc. (U.S.), Visteon Corporation (U.S.) have been profiled in this 181 pages research report available at http://www.rnrmarketresearch.com/semi-autonomous-and-autonomous-vehicles-market-by-technology-components-powertrain-conventional-vehicle-hybrid-vehicle-and-electric-vehicle-and-region-global-forecast-to-2021-2030-market-report.html .

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