Solid State Automotive LiDAR Market trends research and projections for 2018-2024

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Solid State Automotive LiDAR Industry analysis
research and trends report for 2018-2024 Global
Market Insights Inc.
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Regional Analysis of Solid State Automotive
LiDAR Market

• Europe, being a hub for numerous global
  automotive manufacturers is expected to lead the
  solid-state automotive LiDAR market over the
  forecast timeline. German automotive companies
  such as BMW and Audi are increasingly focusing on
  incorporating advanced LiDAR technology in their
  vehicles to facilitate enhanced safety of the
  passengers. In March 2018, BMW i Ventures, a
  venture capital fund which focuses on finding and
  supporting next-generation technology companies
  invested in Blackmore Sensors and Analytics,
  Inc., a U.S.-based technology company involved in
  developing LiDAR technology for the automotive
  industry. The funds will be used to increase the
  production of Blackmore's FMWC LIDAR sensor that
  are used for advanced driver assistance systems.

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Application Analysis of Solid State Automotive
LiDAR Market

• LiDAR (Light Detection and Ranging) is a remote
  sensing technology which emits a laser pulse beam
  onto the target with defined intensity and focus
  and measures the arrival time of the reflected
  beam by photodiodes within the receiving sensor.
  The technology is being explored for a wide range
  of applications in the automotive sector
  including fully automated driving, parking
  assistance, forward collision warning and
  automatic emergency braking. Some of the major
  drawbacks of early LiDAR systems are high cost,
  weather sensitivity and bulky size. Also, LiDAR
  systems consist of moving parts such as rotating
  mirrors. Solid-state LiDAR systems, as the name
  suggests, contain no moving parts and score high
  on the robustness level required by stringent
  automotive standards. New solid-state LiDARs are
  being designed by manufacturers to solve the
  cost, reliability, size, and complexity issue of
  mechanical scanning LiDARs.
• Some of the potential advantages of solid-state
  LiDAR systems for the automotive applications are
  automated tolling, vehicle measurement and
  profiling, vehicle to infrastructure
  communication, speed enforcement and monitoring
  and real-time traffic monitoring and control. The
  evolution of early LiDAR systems into solid-state
  LiDAR technology is primarily drive by
  next-generation sensors that contain no moving
  parts on the micro and macro scale. This ensures
  highest level of longevity, dependability,
  reliability, performance, and cost efficiency.

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Market research reports Key analytical components
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Competitive Market Share of Solid State
Automotive LiDAR Market

• The companies operating in the solid-state
  automotive LiDAR market are aggressively involved
  in technology innovation to commercialize
  next-generation LiDAR systems in the automotive
  sector. For instance, In January 2018, Innoviz
  Technologies, an Israel-based technology company
  involved in development of sensing solutions for
  automotive applications, launched the InnovizPro,
  a stand-alone, solid-state, MEMS-based scanning
  LiDAR solution which offers a long detection
  range of up to 150 meters. Similarly, in
  September 2017, AEye Inc, a technology company
  involved in the development of advanced vision
  hardware and software solutions announced the
  completion of a successful live demo of its 360
  Solid State LiDAR System for autonomous vehicle
  application. It is a first commercial solid-state
  LiDAR system capable of 360 coverage and
  real-time software configurability. Some of the
  companies operating in the solid-state automotive
  LiDAR market are, Innoviz, Quanergy, LeddarTech,
  Innovusion, Infineon Technologies, Velodyne
  LiDAR, Continental AG, Delphi Automotive, AEye,
  Benewake, Cepton, Luminar and Robosense.

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