Automotive LiDAR Market Analysis, Trends, Growth & Forecast, 2018 – 2024 - PowerPoint PPT Presentation

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Automotive LiDAR Market Analysis, Trends, Growth & Forecast, 2018 – 2024

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Title: Automotive LiDAR Market Analysis, Trends, Growth & Forecast, 2018 – 2024


1
GMI Forecast Automotive LiDAR Market to grow at
over 40 CAGR To 2024
2
Key Insights from Automotive LiDAR Market
  • The automotive LiDAR market is propelled by
    increasing investments in the development of the
    autonomous vehicles. The automakers are
    concentrating on RD activities for the
    development of the self-driving technology. BMW
    has recently announced its plans to invest USD
    8.6 billion in 2018 to intensify the RD efforts
    for the self-driving technology.
  • Growing concerns toward safety among regulatory
    bodies and customers to safeguard vehicles and
    passengers also promote the automotive LiDAR
    market. The government across the countries are
    constantly working on enhancing the safety of the
    vehicles by mandating the use of advanced driving
    assistance systems in the vehicles and modifying
    the vehicle safety systems.
  • The autonomous vehicle market is anticipated to
    grow at a CAGR of more than 65 over the forecast
    timespan. The growing demand for the LiDAR
    sensors among the automotive manufacturers for
    self-driving cars is the primary factor driving
    the market. The LiDAR sensors are being widely
    used in autonomous vehicles to create a 3D model
    of its surrounding environment using light
    pulses.

3
Continued
The solid-state LiDAR market is projected to grow
significantly over the projected time period.
This technology is in the development phase and
is expected to be commercialized by 2020.
However, the technology is gaining a lot of
traction from the automakers due to its
cost-effective nature and compact size. Its
entire assembly is built on a silicon chip.
4

Latest Research Report On Automotive LiDAR Market
_at_ https//www.gminsights.com/industry-analysis/aut
omotive-lidar-market Request for a sample of
this research report _at_ https//www.gminsights.com/
request-sample/detail/2911

5
U.S. Automotive LiDAR Market Share, By Vehicle,
2017

6
Major Companies in Automotive LiDAR Market
  • Leddertech
  • Quanergy
  • Continental
  • Velodyne
  • Luminar Technologies
  • Innoviz Technologies
  • Aptiv
  • Magna
  • Audi, BMW, Nissan, Mercedes-Benz

7
Industry Coverage

8
Regional Insights in Automotive LiDAR Market
  • The North America is dominating the automotive
    LiDAR market with a market share of over 70 in
    2017. This growth can be attributed to favorable
    government policies. For instance, in 2016, the
    Canadian government introduced Ontario Regulation
    306/15 that permitted the testing of self-driving
    vehicles. In addition, the automotive companies
    in the region have invested heavily in the
    development of the automotive LiDAR technology.
  • The Asia Pacific automotive LiDAR market is
    anticipated to grow at a CAGR of over 60 during
    the projected timeline. The presence of the major
    automotive LiDAR technology providers such as
    Robosense and Benewake in the region has fostered
    the growth of the market. These companies are
    investing heavily in the RD activities to
    accelerate innovations in the automotive LiDAR
    technology. For instance, in 2018, RoboSense has
    partnered with Alibaba to develop solid-state
    LiDAR technology for autonomous vehicles.

9
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