The global automotive LiDAR market is expected to reach USD
223.2 million by 2024, according to a new report by Grand View Research, Inc.
The surging acceptance of automobile safety application arenas and
sophisticated technology incorporations in automobile driving automation are
expected to boost the market growth. The increasing acceptance for
semi-autonomous and autonomous cars in the years to come is further anticipated
to bolster the market growth.
The market can be categorized, based on application types, into Advanced Driver Assistance Systems (ADAS) & autonomous cars. The ADAS application segment is further segregated into Automatic Emergency Braking (AEB) and Adaptive Cruise Control (ACC). The ADAS application segment is expected witness a significant growth, owing to the surging incorporation of forward-collision avoidance systems.Adaptive cruise control (ACC) is adiscretionary cruising choice for automobiles that robotically modifies the vehicle speed to retain a safe distance from vehicles ahead.The rising adoption of these systems in autonomous and semi-autonomous cars at various levels of automation is expected to draw huge ventures from the key participants, thus driving the regional market demand in the years to come.
The market can be categorized, based on application types, into Advanced Driver Assistance Systems (ADAS) & autonomous cars. The ADAS application segment is further segregated into Automatic Emergency Braking (AEB) and Adaptive Cruise Control (ACC). The ADAS application segment is expected witness a significant growth, owing to the surging incorporation of forward-collision avoidance systems.Adaptive cruise control (ACC) is adiscretionary cruising choice for automobiles that robotically modifies the vehicle speed to retain a safe distance from vehicles ahead.The rising adoption of these systems in autonomous and semi-autonomous cars at various levels of automation is expected to draw huge ventures from the key participants, thus driving the regional market demand in the years to come.
In October 2016, Infineon Technologies AG (Germany) acquired
Innoluce BV (The Netherlands), a fabless semiconductor company headquartered in
Nijmegen. Infineon says it would develop chip components for high-performance
LiDAR systems by utilizing Innoluce’s patented technology. This acquisition is
expected to establish Infineon’s strong foothold as one of the automotive
safety technologies vendors.
Browse full research report on Global Air Core Drilling market: http://www.grandviewresearch.com/industry-analysis/automotive-lidar-market
Further key findings from the report suggest:
- The
global automotive LiDAR market is estimated to grow significantly over the
forecast period due to the automation in the car safety technology,
leading to reduced human efforts and increased efficiency
- Extensive
R&D by market players,updated ratings of safety agencies and the
increasing awareness, among consumers, have fueled the market growth
assome major automakers have already started to integrate basic AEB
systems as optional and standard options into their mass-market models
- The
markets in the North American region including the U.S. & Canada and
the European regions occupied a marginal proportion of the market share in
2015 on account of the administrative regulations mandating the
installation of certain automotive safety technologies in both light
weight and heavy weight vehicles in the region
- The
key industry participants include Robert Bosch GmbH, Denso Corporation,
Velodyne LiDAR, Inc., Novariant, Inc., LeddarTech, Continental AG, and
Quanergy Systems, Inc.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/automotive-and-transportation
Grand View Research has segmented the global automotive
LiDAR market based on application type and regions:
- LiDAR
Application Type Outlook (Revenue, USD Million, 2014 - 2024)
- Advanced
Driver Assistance Systems(ADAS)
- Automatic
Emergency Braking (AEB)
- Adaptive
Cruise Control (ACC)
- Autonomous
Cars
- LiDAR
Regional Outlook (Revenue, USD Million, 2014 - 2024)
- North
America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia
Pacific
- China
- India
- Japan
- Latin
America
- Brazil
- Mexico
- The
Middle East & Africa
Access press release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-automotive-lidar-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information:
www.grandviewresearch.com
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