Mes: marzo 2020

According to Research Dive, creation of 3D image of the object is the key factor driving the Global Automotive LiDAR Sensor Market

PUNE, India, March 24, 2020 /PRNewswire/ — A new report published by Research Dive states that the global automotive LiDAR market is set to rise at a CAGR of 39.0% during the forecast period from 2019 to 2026. The global market is anticipated to generate a revenue of $2,436.3 million by 2026. The market has been segmented on the basis of type, vehicle type, and region. The report provides detailed insights on drivers, vital segments, restraints, opportunities, and top market players. As per our analysts, the rapid growth in the advancements in autonomous vehicles all over the globe is predicted to drive the automotive LiDAR sensor market. However, rise in concern for fuel economy, greenhouse gas, and stringent emission norms have encouraged automotive manufacturers to employ technological advancements, thereby propelling the global market.

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Solid State to be Most Lucrative

On the basis of type, the global automotive LiDAR sensor market is segmented into mechanical and solid-state LiDAR. The market share for mechanical LiDAR was largest with 57.8% in 2018, and is anticipated to generate a revenue of $87.9 million during the period of forecast. This is majorly due to the advanced features exhibited by the mechanical LiDAR such as 360-degree along with the widest field of view (FOV) to all the advanced driver assistance systems technologies. On the other hand, solid-state segment is projected to register the highest growth rate during the forecast period growing at a 40.0% CAGR. This is mainly due to rapid growth in the preferences by the OEM’s to differentiate between moving objects and the stand still objects.

Autonomous Vehicle Segment to Continue its Dominance

Based on vehicle type, the global market for automotive LiDAR sensor is segmented into autonomous and semi-autonomous vehicles. Among these, the market for autonomous vehicles held the largest market share in 2018 with $79.0 million and is projected to reach up to $1,248.2 million by 2026. This is majorly due to the various technological benefits as the LiDAR has the ability to detect the surrounding by sending and receiving numerous signals every second with the speed of light. On the other hand, the semi-autonomous vehicle type segment is likely to grow at 39.3% CAGR and generate a revenue of $1,188.1 million during the forecast period.

North America Market to Have Enormous Opportunities

Geographically, the global market for automotive LiDAR sensor is segmented into North America, Europe, Asia-Pacific, and LAMEA. The market size for North America automotive LiDAR sensor accounted for $86.6 million in 2018, and is projected to rise at 38.8% CAGR by the end of 2026. This dominance is primarily due to the rapid growth in the adoption rate of autonomous vehicles and rise in the technological advancements in this region. Along with North America, the Europe automotive LiDAR sensor market is expected to rise at a rapid rate during the period of forecast. This Europe market is projected to grow at 40.3% CAGR and reach up to $ 552.3 million by 2026.

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Top key players and Recent Development in automotive LiDAR sensor market include:

1.  Continental AG

2.  Robert Bosch GmbH

3.  First Sensor AG

4.  Denso Corp

5.  Hella KGaA Hueck & Co.

6.  Novariant, Inc.

7.  Laddartech

8.  Quanergy Systems, Inc.

9.  Phantom Intelligence

10.  Velodyne LiDAR, Inc.

These key players are continually increasing their efforts to implement several strategies such as mergers, product development, acquisitions, and joint ventures, to rise the company position in the global market.

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Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

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SAN FRANCISCO, March 24, 2020 /PRNewswire/ — The global LiDAR market size is expected to reach USD 3.7 billion by 2027, expanding at a CAGR of 13.2% over the forecast period, according to a new report by Grand View Research, Inc. Increasing acceptance in environmental mapping, automobile safety application, construction and architectural sectors for monitoring, and 3D-modeling applications arenas is expected to boost the market growth. Furthermore, increasing development and adoption of self-driving cars and trucks is expected to boost the market growth, as Light Detection and Ranging (LiDAR) is one of the key sensing technologies that is required to enable hybrid to full autonomous driving.

Key suggestions from the report:

• The LiDAR market is estimated to grow significantly due to automation in industries, leading to reduced human efforts and increased efficiency. Technological superiority of LiDAR in engineering projects of large magnitude is estimated to trigger the demand further
• Airborne systems are expected to remain the dominant product segment over the forecast period on account of the surging adoption of aerial mapping devices
• North America is expected to emerge as one of the leading regional markets owing to rising R&D spending coupled with high adoption in the automotive sector and environmental scanning and modeling operations
• Growing demand in emerging economies, such as India, Japan, and China, is driving the industry growth in the Asia Pacific region. The surge in the demand across the automotive industry is one of the reasons boosting the market demand
• The key industry participants include Velodyne LiDAR, Inc.; Leica Geosystems Holdings AG; Faro Technologies Inc.; Trimble Navigation Limited; and RIEGL USA Inc.
• The current market environment is witnessing an intense competition between the key players for achieving the market domination via product differentiation and enhancement of quality.

Read 100 page research report with ToC on «LiDAR Market Size, Share & Trends Analysis Report By Product Type (Airborne, Terrestrial), By Component (GPS, Navigation, Laser Scanners), By Application, By Region, And Segment Forecasts, 2020 – 2027» at: https://www.grandviewresearch.com/industry-analysis/lidar-light-detection-and-ranging-market

The advanced driver assistance systems (ADAS) application segment is expected to grow at a remarkable pace owing to surging incorporation in automotive safety and forward-collision avoidance systems. In U.K., the regulatory authorities have mandated installation of certain automotive safety technologies such as the collision avoidance technologies. The Euro NCAP Advanced aims to provide buyers with clear guidance regarding the safety benefits offered by technologies such as blind spot monitoring, lane support, Autonomous Emergency Braking (AEB), speed alert, attention assist, vision enhancement, and pre-crash sensing. Rising developments in 3D scanning solutions is anticipated to boost the market growth over the forecast period. For instance, in October 2018, Faro Technology, Inc. introduced new airborne LiDAR scanning in partnership with STORMBEE, in order to provide cost effective airborne 3D scanning solution.

Furthermore, growing environmental concerns have enforced governments to establish regulations over the past decade. The authorities have been implementing strategies, activities, and policies to tackle the concerns. The ability to store large LiDAR point files has been a stumbling block for new users however, the technological advancements in spatial resolution of LIDAR-based digital terrain models are providing incredible accuracy in applications such as change detection on hillsides, water runoff for agriculture or mining sites, and inland waterways.

Grand View Research has segmented the global LiDAR market on the basis of product type, application type, component type, and region:

• LiDAR Product Type Outlook (Revenue, USD Million, 2016 – 2027)
• Airborne
• Terrestrial
• Mobile & UAV
• LiDAR Application Outlook (Revenue, USD Million, 2016 – 2027)
• Corridor Mapping
• Engineering
• Environment
• Exploration
• Advanced Driver Assistance Systems (ADAS)
• Others
• LiDAR Component Outlook (Revenue, USD Million, 2016 – 2027)
• Laser Scanners
• GPS
• Navigation (IMU)
• Others
• LiDAR Regional Outlook (Revenue, USD Million, 2016 – 2027)
• North America
• U.S.
• Canada
• Mexico
• Europe
• U.K.
• Germany
• France
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Middle East & Africa

Find more research reports on Next Generation Technologies Industry, by Grand View Research:

• Hydroponics Market – The global hydroponics market size was valued at USD 1.33 billion in 2018 and is anticipated to expand at the CAGR of 22.52% from 2019 to 2025.
• Waterjet Cutting Machine Market – Increasing inclination towards adopting environment-friendly cutting processes and practices within industries such as automotive, mining, electronics, construction, packaging, and textile is one of the key factors attributing to market growth.
• 3D Printing Market – The aggressive R&D in Three-Dimensional Printing (3DP) and growing demand for prototyping applications from various industry verticals, particularly healthcare, automotive, and aerospace and defense, are the factors expected to drive the market growth.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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