Automotive LiDAR Market Report 2019 – Industrial Growth, Trends, Analysis and 2027 Forecasts
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  • Automotive LiDAR Market Report 2019 – Industrial Growth, Trends, Analysis and 2027 Forecasts

     



    (Transportation-News.com, April 12, 2019 ) The demand share of technologically robust semiconductor components in the automotive industry is majorly among the passenger car segment. Cost and fuel efficiency no longer stay as the primary criterion for purchasing, instead the purchase more depend on the comfort and security provided in the car. Attributing to this fact that, the global automobile manufacturers are witnessing substantial demand for high-end cars, which is pressurizing the automobile manufacturers to add increased numbers of electronic components, thereby driving the market for automotive LiDAR.

    The companies in the market are expanding substantially. For instance, in 2018, Innoviz Established Presence in Four New Regions and enhanced manufacturing abilities, aligning with the company's mission to provide LiDAR solutions that are available and affordable at a massive scale. Innoviz has expanded globally with the opening of offices in four new countries including the U.S., Germany, China and Japan. Further, in the same year, Continental and EasyMile inaugurated new autonomous driving R&D team in Singapore.

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    The major companies operating in the global market

    Continental AG
    Denso Corporation
    Innoviz Technologies, Ltd.
    Luminar Technologies, Inc.
    Omron Corporation
    Panasonic Corporation
    VALEO
    Velodyne Lidar
    Xenomatix N.V.
    Triluminia

    The automotive industry across the globe are constantly facing pressures to integrate their vehicles with advanced electronics and semiconductor components in order to enhance the performance of the vehicles. The rising drift of electrification of vehicles is a major factor boosting the market in automotive industry. Attributing to this, the automobile manufacturers are increasingly partnering with semiconductor manufacturers to meet the demands of their customers. This alliance between the companies has propelled the market and is also expected to create a massive opportunity for the market in the coming years. Thus, continuous partnerships among semiconductor manufacturers and automotive OEMs across the globe is constantly driving the automotive LiDAR market over the years, and the same is expected to continue in the forthcoming years.

    The global automotive LiDAR market by component is segmented into photodetectors, integrated circuits, laser, optical elements, and others. Laser segment dominate the automotive LiDAR market heavily and is expected to continue its dominance throughout the forecast period from 2019 - 2027. The laser produces energy of pulses. The near-infrared wavelengths are utilized for the most terrestrial LiDAR-based applications. Fiber-lasers and laser-diodes are widely used sources in the LiDAR systems. An ideal LiDAR system is encompassed with a laser source with an eye-safe wavelength having sufficient power to locate dark obstacles standing at a distance of 100 m to 10 cm and performing at the temperatures from -40 C to 85 C.

    The automotive LiDAR market by application are segmented into autonomous shuttle, robotaxis, and passenger cars. The automotive LiDAR market by application was led by passenger cars segment which held a maximum market share in the year 2018. Passenger car segment undergo substantial technological advancements year on year, owing to the changes in consumer interests, emergence of new technologies, and governmental rules and regulation related to reduction in emission and other factors. The trend of procurement of passenger cars is increasing at a decent rate over the years. The more the procurement of passenger cars, the more is the demand for LiDAR system to have hassle-free driving experience.

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    The Insight Partners

    Sameer Joshi

    +1-646-491-9876

    sam@theinsightpartners.com

    Source: EmailWire.Com

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