Lidar For Automotive Market

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Lidar For Automotive MarketMarket size,
Industry outlook, Market Forecast, Demand
Analysis, Market Share, Market Report 2023-2028
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Global Lidar for Automotive Market size is
forecast to reach 2.1 billion by 2027, growing
at a CAGR of 16.3 from 2022 to
2027. LIDAR-based Advanced Driver Assistance
Systems help in taking complete control over the
vehicle with the features such as pedestrian
detection, Lane Keep Assistance (LKA), Automatic
Emergency Braking (AEB), Adaptive Cruise Control
(ACC), Blind Spot Detection (BSD), thus driving
its adoption.
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• Key Takeaways
• Solid-State LiDAR segment is analyzed to witness
  the fastest growth in the global Lidar for
  Automotive Market during 2022-2027, owing to
  minimal or absence of moving parts, and
  affordability.
• Fully Autonomous vehicles application is
  anticipated to grow with the highest CAGR in the
  global Lidar for Automotive Market during
  2022-2027, owing to growing development of Level
  4 and Level 5 autonomous vehicles and significant
  adoption of fully automated ride hailing
  services.
• Europe Lidar For Automotive Market held the
  largest share in 2021, due to increased RD
  activities towards Lidar technology as well as
  mandatory regulations by the government for the
  installation of advanced vehicle safety
  technologies.

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By Distribution Channel- Segment
Analysis Automotive Lidar for fully autonomous
vehicles is analyzed to grow with the highest
CAGR of 17.2 during 2022-2027. Rapid rise in
road side fatalities due to human negligence,
growing emphasis of automotive OEMs towards fully
automated driving, along with significant demand
of fully driverless ride hailing services
including robotaxis across varied countries can
help in boosting the market growth. Additionally,
stringent government regulations towards
improving vehicle safety, growing demand for
integration ADAS functionalities in these
autonomous vehicles, as well as technological
advancements like smartphone connectivity will
also help in driving the market growth forward.
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• Lidar For Automotive Market Industry Outlook
• Delphi Automotive PLC
• Continental AG
• ZF Friedrichshafen AG
• Infineon Technologies AG
• Velodyne LiDAR, Inc.
• Texas Instruments, Inc.
• Leddartech, Inc.
• First Sensor AG
• Quanergy Systems, Inc.
• Innoviz Technologies, Ltd.

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Lidar For Automotive Market - Forecast(2023 -
2028) Learn More About the Report _at_
https//www.industryarc.com/Research/Lidar-For-Aut
omotive-Market-Research-501087
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• You Can Customize the Report as Per Your Need.
  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
• Purchase Full Report _at_ https//www.industryarc.com
  /purchasereport.php?id501087

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For More Details Contact Venkat
Reddy Contact (1) 970-236-3677 Email
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Contact (1) 970-236-3677
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