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The global 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.
This market research report administers a broad view of the Automotive LiDAR Market on a Global basis, presenting a forecast and statistics in terms of revenue during the forecast period. It covers an illustrative study with detailed segmentation, complete research and development history, latest news and press releases. Additionally, it demonstrates the future aspects and portrays a sketch of the key players involved in the Automotive LiDAR Market growth in terms of revenue.
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. The new joint team’s work focus was to develop new technology centered on perception and deep learning and to prepare autonomous vehicle (AV) technology for tests towards safe deployments on private grounds and public roads in the Singaporean metro area.
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What the report features:-
Leading key market players mentioned in the report:-
The report contains imperative and pivotal details affecting the developments and growth of the market and also talks about the restricting factors that may restrain the Automotive LiDAR Market growth during the forecast period. Segmentation of the market are examined specifically to provide knowledge for supplementary market investments. Segmentation of the market on the basis of Dosage, Route of Administration and Application are elucidated in details portraying a descriptive structure of the market trends and restrictions affecting the Automotive LiDAR Market through the segments and sub-segments.
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.
This report provides in depth study of “Automotive LiDAR Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Automotive LiDAR Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions.
GLOBAL AUTOMOTIVE LIDAR MARKET SEGMENTATION
Global Automotive LiDAR Market – By Type
Global Automotive LiDAR Market – By Component
Global Automotive LiDAR Market – By Application
Global Automotive LiDAR Market – By Geography
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