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Automotive LiDAR Market Share, Industry Growth And Overview, 2014 To 2024: Hexa Reports

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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 a
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Automotive LiDAR Market Analysis, Share and Size,
Trends, Industry Growth, Overview And Segment Forecasts,
2014 To 2024
The Global Automotive LiDAR Market is expected to reach USD 223.2 million by 2024, according to a
new report by Hexa Reports. 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).
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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.
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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.
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
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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.
Table Of Content
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Automotive LiDAR Industry Outlook
Chapter 4. Automotive LiDAR Application Type Outlook
Chapter 5. Automotive LiDAR Regional Outlook
Chapter 6. Competitive Landscape
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research and consulting services to a host of key industries across the globe. We offer comprehensive
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