DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "LiDAR Sensor Automotive Market by Technology (Mechanical, and Solid State), Application (Semi-Autonomous, and Autonomous), Location (Bumper & Grill, Headlight & Taillight, Roof), Image Type (2D, and 3D), Vehicle Type - Global Forecast to 2030" report to their offering.
The global LiDAR sensor automotive market is projected to reach USD 735.0 million by 2025, growing at a CAGR of 28.32%, from 2025 to 2030, owing to the rising government regulations for vehicle safety and increasing adoption of ADAS technology by OEMs
A rising trend of autonomous and semi-autonomous vehicles using automotive LiDAR systems is also an important driver which will fuel demand. However, the high cost of installation of LiDAR sensor-based applications results in an increase in the overall cost of the vehicle.
The autonomous vehicles segment is estimated to be the fastest growing segment of the LiDAR sensor automotive market in 2025. 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.
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 European market is estimated to be the fastest growing market in terms of volume.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Technological Overview
7 LiDAR Sensor Automotive Market, By Application
8 LiDAR Sensor Automotive Market, By Technology
9 LiDAR Sensor Automotive Market, By Image Type
10 LiDAR Sensor Automotive Market, By Location
11 LiDAR Sensor Automotive Market, By Region
12 Competitive Landscape
13 Company Profiles
14 Key Innovators
- Continental Ag
- Delphi Automotive Plc
- First Sensor Ag
- Infineon Technologies Ag
- Texas Instruments Incorporated
- Velodyne Lidar, Inc
- ZF Friedrichshafen Ag
For more information about this report visit https://www.researchandmarkets.com/research/ksx42q/lidar_sensor