Global LiDAR Sensor Automotive Market - Analysis and Forecast (2014-2024)

The global light detection and ranging (LiDAR) sensor automotive market is projected to grow at a significant growth rate during the forecast period. Assisted driving automotive vehicles have commenced to hit the roads with the incorporation of advanced driving assistance system (ADAS) technology and soon a dream of possessing a self-driven car going to be a reality.

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LiDAR technology is quickly being deemed as the solution to these problems. It facilitates wide range of aspects to their users such as high level of reliability required to implement ADAS functions, higher resolution, easier beam formation and better object discrimination capabilities than radar. Moreover it is immune to interference from other sensors making it more feasible technology to incorporate into the vehicles.

Geographically, European market is projected to hold the largest market in the LiDAR sensor automotive market as the testing of autonomous vehicles has commenced in various countries such as France and Germany. The investment in research and development (R&Ds) in the automotive industry is the largest worldwide with around 180 automobile facilities across this region. Also LiDAR sensor automotive market in this region is expected to witness the fastest growth during the forecast period. The European Union seems to be in favor of legalizing the use of LiDAR-based ADAS applications to augment vehicle safety.

LiDAR sensor is the acronym of Light Detection and Ranging and is a remote sensing technology that estimates distance to a target by shedding light on that target with a pulsed laser beam and measuring the reflected pulses with a sensor. The deviation in laser wavelengths and return times can then be used to prepare digital 3D-representations of the target. The same phenomenon is followed in automotive industry.

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LiDAR sensor is the acronym of Light Detection and Ranging and is a remote sensing technology that estimates distance to a target by shedding light on that target with a pulsed laser beam and measuring the reflected pulses with a sensor. The deviation in laser wavelengths and return times can then be used to prepare digital 3D-representations of the target. The same phenomenon is followed in automotive industry.

Some of the key players in the global LiDAR sensor automotive market include Delphi Automotive PLC, Continental AG, ZF Friedrichshafen AG, Infineon Technologies AG, Velodyne LiDAR Inc., Texas Instruments Incorporated, First Sensor AG, First Sensor AG, Quanergy Systems, Inc. and Innoviz Technologies Ltd.

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