Research and Markets - LiDAR Sensor Automotive Market 2017 - Global Forecast to 2030 with Continental, Delphi, First Sensor, Infineon Technologies, Texas Instruments, Velodyne Lidar, ZF Friedrichshafen Dominating
DUBLIN, June 21, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "LiDAR Sensor Automotive Market by Technology (Mechanical, and Solid State), Application (Semi-Autonomous, and Autonomous), Location (Bumper & Grill, Headlight & Taillight, Roof), Image Type (2D, and 3D), Vehicle Type - Global Forecast to 2030" report to their offering.
The automotive LiDAR market is expected to grow at a CAGR of 28.32%, from an estimated USD 735.0 Million in 2025 to a projected USD 2,557.3 Million by 2030
Factors such as the rising popularity of semi-autonomous vehicles, government regulations for vehicle safety, and an increase in the adoption of ADAS technology by OEMs are driving the global market.
The autonomous vehicles segment is estimated to be the fastest growing segment of the LiDAR sensor automotive market in 2025. Several major OEMs, like General Motors Company, Audi, Ford, and the Volvo Group, are developing and innovating fully autonomous driving technologies with the help of LiDAR technology.
The bumper and grill segment is estimated to hold the largest market size of the LiDAR sensor automotive market, by location, during the forecast period. Factors such as the need to provide a better field of view without affecting vehicle appearance have led to the embedding of LiDAR in bumpers and grills.
The solid state LiDAR type segment is estimated to hold the largest market size during the forecast period. The solid state LiDAR is smaller, lighter, and more cost effective than the mechanical/scanning LiDAR. The decreasing cost of components along with the increasing participation of major players across the automotive LiDAR industry has also helped reduce the overall cost of solid state LiDAR features.
The battery electric passenger vehicle segment of the global market, by vehicle type, is estimated to grow at the highest CAGR during the forecast period. A majority of the OEMs are testing their autonomous vehicle technology in battery electric vehicles. The market share of the battery electric passenger vehicles segment is expected to increase in the near future due to these factors and the prediction by industry experts that most autonomous vehicles in the future will be electric vehicles.
The LiDAR sensor automotive market in Europe is expected to be the fastest growing regional market during the forecast period. The market is estimated to hold a majority share of the global LiDAR sensor automotive market, by value and volume. The European Union is also in favor of legalizing the use of LiDAR-based ADAS applications to increase vehicle safety. Autonomous vehicles are already being tested in several countries in the region, such as Germany and France. This is also expected to increase the adoption of LiDAR sensor-based ADAS applications in Europe, which will ultimately impact the market.
The high cost of LIDAR systems is a major restraint for the market. An important aspect of a LiDAR system development is building consumer-friendly and regulatory-compliant systems. The price of LiDAR systems has decreased in the past few years, but it still remains on the higher side. Environmental constraints pose a major challenge for the use of LiDAR in the automotive applications by OEMs and developers.
The automotive LiDAR market is dominated by many international and domestic players, such as:
- Continental Ag
- Delphi Automotive Plc
- First Sensor Ag
- Infineon Technologies Ag
- Texas Instruments Incorporated
- Velodyne Lidar, Inc
- ZF Friedrichshafen Ag
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Technological Overview
7 Lidar Sensor Automotive Market, By Application
8 Lidar Sensor Automotive Market, By Technology
9 Lidar Sensor Automotive Market, By Image Type
10 Lidar Sensor Automotive Market, By Location
11 Lidar Sensor Automotive Market, By Region
12 Competitive Landscape
13 Company Profiles
14 Key Innovators
15 Appendix
Companies Mentioned
- Continental Ag
- Delphi Automotive Plc
- First Sensor Ag
- Infineon Technologies Ag
- Texas Instruments Incorporated
- Velodyne Lidar, Inc
- ZF Friedrichshafen Ag
For more information about this report visit https://www.researchandmarkets.com/research/p4j6q2/lidar_sensor
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