Title: LiDAR Sensor Automotive Market worth 2,557.3 Million USD by 2030
1MarketsandMarkets Presents
LiDAR Sensor Automotive Market worth 2,557.3
Million USD by 2030
http//www.marketsandmarkets.com/Market-Reports/li
dar-sensor-automotive-market-34875060.html
2- "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 - The LiDAR sensor automotive market is expected to
grow from an estimated USD 735.0 Million in 2025
to a projected USD 2,557.3 Million by 2030, at a
CAGR of 28.32, during the forecast period. -
- Browse 91 market data tables and 54 figures
spread through 164 pages and in-depth TOC
on "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 - http//www.marketsandmarkets.com/Market-Reports/l
idar-sensor-automotive-market-34875060.html
3- The market, by volume, is expected to reach
31,686.1 thousand units by 2030 owing to the
technological superiority of LiDAR over other
available sensors in the automotive industry,
such as RADAR and cameras. Factors such as the
rising popularity of semi-autonomous vehicles,
government regulations for vehicle safety, and an
increase in the adoption of ADAS technology by
OEMs are driving the LiDAR sensor automotive
market. - The semi-autonomous market is estimated to be the
largest market for the LiDAR sensor automotive
market, by application - The semi-autonomous segment is estimated to hold
the largest market share of the LiDAR sensor
automotive market due to factors such as an
increase in the demand for driving safety
features, the development of cost effective LiDAR
solutions, and increasing government regulations. - The 3D segment market is estimated to be the
fastest growing market of the LiDAR sensor
automotive market, by image type - The 3D segment market is estimated to be the
fastest growing market of the LiDAR sensor
automotive market, by image type due to the
technological advantages over 2D LiDAR and an
expected increased use of autonomous vehicle
technology in the automotive industry.
4- The accuracy and performance of 3D LiDAR in
autonomous vehicles are far superior to
conventional solutions such as RADAR and camera. - The European market is estimated to be the
largest market in the LiDAR sensor automotive
market - The European market is projected to be the
largest market in the LiDAR sensor automotive
market as the testing of autonomous vehicles has
begun in several countries in the region, such as
Germany and France. The investment in research
and development in the European automotive
industry is the largest worldwide, with about 180
automobile facilities across the region. The
European LiDAR sensor automotive market is led by
the market in Germany owing to the increased
demand for technologically advanced features in
the country. - 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).
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