The automotive LiDAR market accounted to US$ 415.1 Mn in 2018 and is expected to grow at a CAGR of 30.4% during the forecast period 2019 – 2027, to account to US$ 4,348.09 Mn by 2027.
APAC is considered to be the fastest growing economic region, with China and India as the world’s first and third fastest growing economies. Also, Japan is the most technologically advanced country in the region giving an opportunity for the development of automobile market. Also, emerging economies of Southeast Asia such as Vietnam, Malaysia, Indonesia and others are experiencing a growth in their infrastructural sector thus, the demand for vehicles in the region is expected to increase. Also, the government of the emerging economies of Asian countries are committed to focus on attracting FDI for the development of their economy. For this, the governments are taking various initiatives. This would result in increased investment in automotive components manufacturing sector as well. Thus, the automotive LiDAR market is anticipated to witness growth in the APAC region.
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Key players in this market include :
- Continental AG
- Denso Corporation
- Innoviz Technologies, Ltd.
- Luminar Technologies, Inc.
- Omron Corporation
- Panasonic Corporation
- Trilumina Corporation
- Valeo SA
- Velodyne LiDAR, Inc.
- Xenomatix N.V.
The latest research report on the “Automotive LiDAR Market– Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2027” provides a comprehensive assessment of Automotive LiDAR Market for the forecast period from 2019 to 2027, including market values for the years 2018 and 2019. The investigative report provides a detailed analysis of the impact of COVID-19 on various segments in Automotive LiDAR Market based on product type, application, and end-use across numerous countries around the world. Further, the report also provides insights into market developments, trends, supply and demand changes across various regions across the globe. Thereby, the report provides a holistic view on Automotive LiDAR Market in order to help decision makers with various strategic insights and future outlook. Automotive LiDAR Market is expected to witness continued growth during the forecast period from 2019 to 2027.
This is a professional and in-depth study on the current state of Automotive LiDAR Market with a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Strategic Insights and Development plans are also discussed and manufacturing processes and cost structures analyzed. Automotive LiDAR Market import/export consumption, supply and demand figures and cost price and production value gross margins are also provided.
The report focuses on global major leading Automotive LiDAR Market players providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out.
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Highlights key business priorities to assist companies realign their business strategies.
- Features key findings and crucial progressive industry trends in the global Automotive LiDAR Market, thereby allowing players to develop effective long-term strategies.
- Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.
- Scrutinizes in-depth market trends as well as key market drivers and restraints.
- Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
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