Automotive LiDAR Market to See Huge Growth & Profitable Business Expected to Reach $1,831.9 Million by 2028 - AMR
The global ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ข๐๐๐ ๐๐๐ซ๐ค๐๐ญ was valued at $221.7 million in 2020, and is projected to reach $1,831.9 million by 2028, registering a CAGR of 30.3%. Advancements in semi-autonomous and autonomous vehicles, increase in investment and funding in LiDAR startups, and rise in emphasis from the governments for ADAS incorporated vehicles drive the global automotive LiDAR market.๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/request-sample/2870
Lidar systems map out their environments by sending laser pulses outward. When the pulse contacts an object or obstacle, it reflects or bounces back to the lidar unit. The system then receives the pulse and calculates the distance between it and the object, based on the elapsed time between emitting the pulse and receiving the return beam. Lidar does this rapidly, with some emitting millions of pulses per second. As the beams return to the system, it begins forming a picture of what's going on in the world around the vehicle and can use computer algorithms to piece together shapes for cars, people, and other obstacles.
๐๐ก๐ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ฉ๐ซ๐จ๐๐ข๐ฅ๐๐ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐
๐๐จ๐๐๐ซ๐ญ ๐๐จ๐ฌ๐๐ก ๐๐ฆ๐๐, ๐๐ฎ๐ฆ๐ข๐ง๐๐ซ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ ๐๐ง๐., ๐๐๐๐๐๐๐๐ ๐๐๐๐๐, ๐๐๐., ๐๐๐๐๐๐๐๐๐๐ ๐๐๐., .๐๐ง๐ง๐จ๐ฏ๐ข๐ณ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ ๐๐ญ๐, ๐๐๐๐๐๐๐๐๐๐๐ ๐๐, ๐๐๐ฅ๐๐จ, ๐๐๐๐๐๐, ๐๐๐., ๐ ๐ข๐ซ๐ฌ๐ญ ๐๐๐ง๐ฌ๐จ๐ซ ๐๐, ๐๐๐๐ ๐๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐ ๐๐๐๐
Factors such as increase in developments of semi-autonomous & autonomous vehicle, rise in emphasis from the governments for ADAS incorporated vehicles, and surge in investments & funding in LiDAR startups are expected to drive the market growth. However, high cost of LiDAR system and environmental constraints & optical vulnerability pose a challenge for use of LiDAR hinder the market growth.
๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐ญ๐ก๐ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.alliedmarketresearch.com/checkout-final/0f639c5aff72274be5c4e2b02987b28b
Development of semi-autonomous and autonomous vehicles, surge in investment and funding in LiDAR startups, and growing emphasis from the governments for ADAS incorporated vehicles have boosted the growth of the global automotive LiDAR market. However, high cost of LiDAR system, environmental constraints, and optical vulnerability hinder the market growth. On the contrary, advent of 4D LiDAR and rapid technological advancements in automotive LiDAR is expected to open new opportunities for the market players in the future.
On the basis of technology, the solid-state LiDAR segment dominated the market in terms of revenue in 2020, contributing to nearly third-fourths of the market. However, the mechanical LiDAR segment is projected to portray the highest CAGR of 32.6% from 2021 to 2028.
Based on range, the short & mid-range segment held the largest share in 2020, accounting for more than two-thirds of the market. However, the long-range segment is estimated to register the highest CAGR of 35.8% during the forecast period.
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ฒ๐จ๐ฎ'๐ซ๐ ๐๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ๐ฌ: https://www.alliedmarketresearch.com/request-for-customization/2870
North America is the highest revenue contributor, followed by Europe, Asia-Pacific, and LAMEA. On the basis of forecast analysis, Asia-Pacific is expected to lead the market during the forecast period, owing to the increasing demand for semi-autonomous vehicles and expansion of global automotive LiDAR market players coupled with the introduction of advanced LiDAR. Lidar promises to improve on those features with more accurate environment mapping and quicker processing from the rapid-fire nature of the systems.
The global automotive LiDAR market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the lion's share in 2020, accounting for nearly two-fifths of the market. However, the market across Asia-Pacific is expected to register the highest CAGR of 34.4% from 2021 to 2028.
๐๐๐ ๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐
On the basis of application, the autonomous vehicles segment is anticipated to exhibit a remarkable growth during the forecast period.
On the basis of technology, the solid-state LiDAR segment is the highest contributor to the Automotive LiDAR market in terms of revenue.
On the basis of range, the long-range segment is anticipated to exhibit a remarkable growth during the forecast period.
By vehicle type, the internal combustion engine (ICE) segment is the highest contributor to the Automotive LiDAR market in terms of revenue.
๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐ฆ๐จ๐ซ๐ ๐ซ๐๐ฅ๐๐ญ๐๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ฉ๐ฎ๐๐ฅ๐ข๐ฌ๐ก๐๐ ๐๐ฒ ๐๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Automotive Lightweight Materials Market - https://www.prnewswire.com/news-releases/automotive-lightweight-materials-market-to-reach-126-76-bn-globally-by-2030-at-7-1-cagr-allied-market-research-301351980.html#:~:text=In%2DLanguage%20News-,Automotive%20Lightweight%20Materials%20Market%20to%20Reach%20%24126.76%20Bn%2C%20Globally%2C%20by,global%20automotive%20lightweight%20materials%20market.
Automotive Diagnostics Market - https://www.globenewswire.com/news-release/2021/09/06/2291912/0/en/automotive-diagnostics-market-to-garner-109-84-billion-by-2030-allied-market-research.html
Automotive Relay Market - https://www.globenewswire.com/en/news-release/2022/08/08/2493772/0/en/Automotive-Relay-Market-to-Garner-26-88-Billion-by-2031-Says-Allied-Market-Research.html
Automotive Filter Market - https://www.prnewswire.com/news-releases/automotive-filter-market-to-reach-53-73-bn-globally-by-2024-at-3-9-cagr-allied-market-research-828001293.html
๐๐จ๐ง๐ญ๐๐๐ญ:
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive LiDAR Market to See Huge Growth & Profitable Business Expected to Reach $1,831.9 Million by 2028 - AMR here
News-ID: 3496625 • Views: โฆ
More Releases from Allied Market Research
Luxury Hotel Market Huge Demand, High Growth Rate to Reach $160.4812 Billion by โฆ
According to a new report published by Allied Market Research, titled, "Luxury Hotel Market by Type, by Category: Global Opportunity Analysis and Industry Forecast, 2020-2031". The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends. The global luxury hotel market was valued at $95,113.00 million in 2020, and is projected to reach $160,481.23โฆ
Luxury Hotel Market Huge Demand, High Growth Rate to Reach $160.4812 Billion by โฆ
According to a new report published by Allied Market Research, titled, "Luxury Hotel Market by Type, by Category: Global Opportunity Analysis and Industry Forecast, 2020-2031". The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends. The global luxury hotel market was valued at $95,113.00 million in 2020, and is projected to reach $160,481.23โฆ
Why Invest in Augmented Reality Market Share Reach USD 411.4 Billion by 2031, Gr โฆ
According to the report published by Allied Market Research, Why Invest in Augmented Reality Market Share Reach USD 411.4 Billion by 2031, Growing at a CAGR of 33.2%. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers valuable able guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining a competitiveโฆ
Why Invest in Data Extraction Market Size Reach USD 4.90 Billion by 2027
According to the report published by Allied Market Research, Why Invest in Data Extraction Market Size Reach USD 4.90 Billion by 2027. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers valuable able guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining a competitive edge in the market.
Rise in adoptionโฆ
More Releases for LiDAR
LiDAR Drones Market Astonishing Growth with Top Influencing Key Players like Vel โฆ
The LiDAR drones market was valued at USD 74.96 million in 2020, and is projected to reach a value of USD 525.86 million by 2026, recording a CAGR of 38.19% over the forecast period (2021 - 2026).
Latest research on LiDAR Drones Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2022 to 2026 supportedโฆ
LiDAR Drones Market 2021 Strategic Assessment- Velodyne LiDAR Inc., Phoenix LiDA โฆ
Global LiDAR Drones Market This market research provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Research classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In 2019, the LiDAR drones market was valued at USD 38.16 million, and is projected to reach a value of USDโฆ
Global Light Detection and Ranging (LiDAR) Drones Market- Major Players are Velo โฆ
Light detection and ranging (LiDAR) technology measures distance to a target with the help of lasers. This technology is relay on illuminating objects with the help of lasers and measures the reflected light with sensor. The technology is expected to offer drone technology with new wings in a multitude of different applications.
Increase in demand for LiDAR drones for corridor mapping and precision agriculture applications is the key driving factor whichโฆ
UAV LiDAR Market 2018 Global Key Leaders: 3DR, Phoenix LiDAR Systems, Faro Techn โฆ
Market Highlights:
UAV LiDAR Market: Information by Application (Commercial, Military), Component (Laser Scanners, Navigation & Positioning System), Type (Rotary-Wing, Fixed-Wing), & Region (North America, Europe, Asia-Pacific, Latin America)โForecast till 2023
The global UAV LiDAR market is expected to grow at a significant CAGR during the forecast period due to technological developments in UAVs and the rising need for surveillance. With innovation in UAV technology, there has been a shift from the useโฆ
LiDAR technology Global Market 2018: Key Players โ Airborne Hydrography, Appli โฆ
LiDAR technology Industry
Description
Wiseguyreports.Com Adds โLiDAR technology -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2023โ To Its Research Database
This report studies the global LiDAR technology market status and forecast, categorizes the global LiDAR technology market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions.
Lidar isโฆ
Global LiDAR Market 2018 | AutonomouStuff, Blom, Faro Technologies, Velodyne LiD โฆ
Press Release - 30 May2018
Global Research and Development News --
. .
"Global LiDAR Sales Market Report 2018" with coming years Industries Trends, projections of Global Growth, Major key player and Case study, Review, Share, Size, Effect.
' '
-In this report, the global LiDAR market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX%โฆ