Automotive LiDAR Market Size Worth USD 1,092.5 Million by 2027

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Automotive LiDAR Market Size Worth USD 1,092.5
Million by 2027
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Market Summary

• The global Automotive LiDAR Market is expected to
  reach USD 1,092.5 Million by 2027, according to a
  new report by Emergen Research. An increase in
  the research and development activities in the
  autonomous vehicle has propelled the demand for
  the market. The market for autonomous vehicles is
  continuously evolving to meet the requirement of
  the customers by collaborating with tech giants.
  Advancement in technology and awareness regarding
  Light Detection and Ranging for vehicle safety
  will create a demand for the product.
• Companies such as Uber, General Motors, Apple,
  and Waymo are involved in the development of
  autonomous vehicles. LiDAR is one of the key
  factors in autonomous vehicles, and the mass
  production of these autonomous vehicles will
  create a demand for the market product.

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Market Summary

• Some Key Highlights from the Report
• The high demand for solid-state LiDAR is due to
  its cost-effective nature. Built on a silicon
  chip, a solid-state LiDAR is smaller and more
  irrepressible to vibrations. It can also adjust
  its directional focus, which is desirable for
  autonomous vehicle designers.
• The autonomous vehicle is witnessing an increased
  demand as it helps reduce traffic congestion
  resulting in the efficient delivery of goods and
  services. It also facilitates better fuel
  efficiency and reduces carbon monoxide emission.
• Most of the manufacturers are testing their
  autonomous vehicle technologies on battery
  electric vehicles. A positive customer
  perception, advancement in technology, and
  intervention from the government are focusing the
  attention on Battery Electric Vehicles.
• Request Free Sample Copy _at_https//www.emergenresea
  rch.com/request-sample/139

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Market Summary
For the purpose of this report, Emergen Research
has segmented into the global Automotive LiDAR
Market on the basis of image type, technology,
vehicle type, application, location, and
region Image Type Outlook (Revenue, USD
Billion 2017-2027) 2D Image Type 3D-Image
Type Technology Outlook (Revenue, USD Billion
2017-2027) Solid-State LiDAR
Mechanical/Scanning LiDAR Vehicle Type Outlook
(Revenue, USD Billion 2017-2027) ICE HEV
PHEV Battery Electric Read More_at_
https//www.emergenresearch.com/industry-report/au
tomotive-lidar-market
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Parameter Details
Market Size Estimation Period 2020-2028
Base Year Considered 2020
Historical Data 2017-2019
Forecast Period 2021-2028
Quantitative Units Revenue in USD million CAGR from 2020 to 2028
Segments Covered Types, Application, End-Users, Regions more.
Countries Included The U.S., Germany, U.K., Italy, China, India, Japan, Brazil
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Regions Scope North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Customization Scope 10 hours of free customization expert consultation
Pricing and Purchase Options Explore Different Purchase Options Request for Discount to Avail New Year Discount
MARKET SEGMENTATION
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Regional Share Dynamics
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