Automotive LiDAR market Market Size – USD 166.4 Million in 2019, Market Growth – CAGR of 27.8%, Market trends – Increased investment in R&D in developed regions.
Emergen Research has recently added a new informative report titled ‘Global Automotive LiDAR Market Forecasts to 2027’ to its ever-expanding repository. The report covers all the essential features of the Automotive LiDAR market, with key statistical data represented in the form of tables, charts, diagrams, figures, and graphs. The report strives to offer a better understanding of the market to the reader and provide beneficial insights to the established companies. The report presents a bird’s eye view of the Automotive LiDAR industry with a special focus on technological developments, expansion strategies of the prominent players, and current and emerging growth trends of the market.
The benefit of the LiDAR may drive its demand, but the high cost and low durability of the currently existing technology will affect its demand among the automotive industry. Several companies have avoided using this technology owing to its less durability and limited range. However, manufacturers are seeing it as an upcoming technology in the industry and are engaging in updating the current technology. Velodyne Company, in 2017, established a LiDAR factory in California to ramp up its LiDAR product portfolio.
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Key Highlights From The Report
It offers a lucid picture of current trends in the global market, with an unbiased perspective of the leading market players, key regions/countries, end-use industries, and various product types.
The Automotive LiDAR market intelligence report exhaustively examines the market value, share, demand, growth prospects, latest and historical trends, manufacturers, gross revenue collection, competitive terrain, market growth forecast, available products, and end-use applications.
Geographical Terrain of the Global Automotive LiDAR Market:
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Global Automotive LiDAR Market Report – Table of Contents:
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