3 Key Insights on Nearly US$1.5 Bn Opportunity in the Global Automotive LiDAR Market – Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Increasing Awareness of Vehicle Safety Regulations and the Growing presence of ADAS or Advanced Driver Assistance Systems, the Global Automotive LiDAR Market is Forecasted to Reach Nearly US$ 1.5 Bn by 2028, says Ken Research Study. Advanced Driver Assistance Systems involve a range of solutions aimed at preventing automotive collisions on road and protecting pedestrians, drivers, cyclists, and passengers from road accidents. Automotive LiDAR’s are a part of this set of solutions that help vehicles see and map their surroundings better than what human eyes, cameras, or mirrors can achieve. Automotive LiDAR’s leverage infrared light or lasers to create high-resolution 3D images of a vehicle’s surroundings. These LiDAR’s can prove effective in semi-autonomous and autonomous vehicles and can be installed on a vehicle’s roofs and upper pillars, bumpers and grills, headlights and taillights, and more. “Ken Research shares 3 key insights on this high opportunity market from its latest research study” 1. The Capability of Automotive LiDARs to Reduce Road Accidents is helping the Market to Grow at a Double-Digit Rate A crucial part of the advanced driver assistance system or the ADAS paradigm, automotive LiDAR’s reduce the chances of road accidents and unwarranted vehicle collisions, often resulting in a fatality. It is one of the major beneficial factors why the market for automotive LiDAR’s is expected to grow at a notably high pace. According to data published by the European Automobile Manufacturers’ Association (ACEA), removing the driver from the scene of vehicle mobility reduces the element of human error in driving, responsible for 90% of all accidents. According to the Partners for Automated Vehicle Education, a conglomeration of self-driving technology companies, autonomous vehicles could avoid more than 70% of crashes. Being a vital part of autonomous/semi-autonomous vehicle component set-up, many technology companies are keen to invest in making cutting-edge LIDAR S meant for the future of driving. The Global Automotive LIDAR Market was valued at ~US$200 million in 2017. The market is estimated to have reached ~US$500 million in 2022 and grow further to a size of ~US$1,500 million by 2028. 2. Significant Drop in Automotive LiDAR Prices is expected to Boost Adoption and Help the Market Grow Significantly Innovations are happening at a rapid pace in the Automotive LiDAR market. As leading companies continue to invest heavily in improving LiDAR technology, production is becoming increasingly efficient and scalable, resulting in a drop in price. According to Velodyne’s published commitment, the company intends to bring down the average unit price of a LiDAR to US$600 by 2024, from US$17,900 in 2017. Other leading companies are also expected to follow suit, resulting in a healthily increased adoption rate of LiDAR’s in the automotive market. Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTAy 3. Automotive LiDAR’s Performance is Affected Severely by Weather Conditions The result a LiDAR would provide is still limited by the prevailing weather conditions. Although changes in relative humidity do not impact the range of an automotive LIDAR significantly, the maximum range goes notably down when the speed of the rainfall increases. Scientific studies have shown that an increase in rainfall from 2mm/hr to 25mm/hr can reduce the maximum range of a LiDAR from nearly 80 Meters to around 70 Meters. Foggy weather also affects the performance of a LiDAR. For the automotive LiDAR market to grow even more these challenges have to be overcome. Key Topics Covered in the Report Snapshot of the Global Automotive LiDAR Market Industry Value Chain and Ecosystem Analysis Market size and Segmentation of the Global Automotive Historic Growth of the Overall Global Automotive LiDAR Market and Segments Competition Scenario of the Market and Key Developments of Competitors Porter’s 5 Forces Analysis of the Global Automotive LiDAR Industry Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors COVID-19 Impact on the Overall Global Automotive LiDAR Market Future Market Forecast and Growth Rates of the Total Global Automotive LiDAR Market and by Segments Market Size of Application Segments with Historical CAGR and Future Forecasts Analysis of the Global Automotive LiDAR Market Major Production/Supply and Consumption/Demand Hubs within Each Region Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments Overview of Notable Emerging Competitor Companies within Each Region Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTAy Notable Key Players Mentioned in the Report Continental AG ZF Friedrichshafen AG Infineon Technologies AG Velodyne LIDAR LeddarTech First Sensor AG Quanergy Systems Innoviz Technologies Robert Bosch GMBH Valeo Notable Emerging Companies Mentioned in the Report Luminar Technologies Aeva Ouster Cepton RoboSense Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report Automotive LiDAR Manufacturers Component Suppliers for LiDAR Autonomous Vehicle Manufacturers Vehicle Manufacturers Electric Vehicle Manufacturers Mobility-tech startups Mobility-Tech/ Travel/ Transport Industry Investors/ VC Funds Government Transportation Agencies Vehicle Safety Authorities/ Research Organizations Automotive Electronics Manufacturers Semiconductor IP Suppliers Semiconductor Chip Manufacturers SoC and Hardware Suppliers Auto Component Manufacturers Government & Regulatory Authorities of Automotive Industry Automotive Research institutes PCB Designers and Manufacturers Investors in Automotive Industry Software Developers & EV Component Manufacturers Start-ups & Incumbents in Automotive Electronics Automotive Testing & Inspection Companies Company Research and Development Institutes Market Research & Consulting Firms Banking and Financial Service Providers Time Period Captured in the Report Historical Period: 2017-2021 Forecast Period: 2022E-2028F For more information on the research report, refer to the below link: Global Automotive LIDAR Market Follow Us LinkedIn | Instagram | Facebook | Twitter | YouTube Tags: Africa Automotive LIDAR Market, Asia Pacific Automotive LIDAR Market, Automotive Laser Radars Market, Automotive Laser Scanners Industry, Automotive LIDAR End User Industry, Automotive LIDAR Industry Challenges, Automotive LIDAR Industry Outlook, Automotive LiDAR Manufacturers, Automotive LIDAR Market Trends, Autonomous Vehicle LIDAR Market, Autonomous Vehicle Manufacturers, Bumper & Grill Automotive LIDAR Market, China Automotive LIDAR Market, Component Suppliers for LiDAR, Continental AG Automotive LIDAR Market, Electric Vehicle Manufacturers, Emerging Companies in Automotive LIDAR Market, Europe Automotive LIDAR Market, EV Component Manufacturers, First Sensor Automotive LIDAR Market, Flash LiDAR Market, Germany Automotive LIDAR Market, Global Automotive LIDAR Industry, Global Automotive LIDAR Market, Global Automotive LIDAR Market Demand, Global Automotive LIDAR Sector, Global Autonomous Vehicles Market, Global Laser Radars Industry, Global LiDAR Market, Global Semi-Autonomous Vehicles Market, Headlight & Taillight Automotive LIDAR Market, Infineon Automotive LIDAR Market, Innoviz Automotive LIDAR Market, Investors in Automotive Industry, Key Competitors in Automotive LIDAR Market, Latin America Automotive LIDAR Market, Leading Players in Automotive LIDAR Market, LeddarTech Automotive LIDAR Market, LIDAR Sensor Market, Major Companies in Automotive LIDAR Market, Mechanical/Scanning Automotive LIDAR Market, Middle East Automotive LIDAR Market, Mobility-tech startups, North America Automotive LIDAR Market, Opportunities in Automotive LIDAR Market, PCB Designers and Manufacturers, Quanergy Automotive LIDAR Market, Robert Bosch Automotive LIDAR Market, Roof & Upper Pillars Automotive LIDAR Market, Semiconductor Chip Manufacturers, Solid-State Automotive LIDAR Market, Start-ups & Incumbents in Automotive Electronicsm, Top Automotive LiDAR Companies, Top Autonomous Vehicles LIDAR Startups, Top Self Driving Cars Startups, USA Automotive LIDAR Market, Valeo Automotive LIDAR Market, Vehicle LiDAR Market Global Agricultural Laser Scanners Industry, Vehicle Manufacturers, Velodyne LiDAR Automotive LIDAR Market, Worldwide Automotive LiDAR Industry
