The Digitalization is making market trends for the Smart things including the Smart Automobiles to rise exponentially. LiDARs are widely required in making vehicles autonomous, thus growth for the need of better sensors in the automotive market and increase in administrative regulations mandating such installations are affecting market growth. As the demand are still limited, the cost of the system are high which are inturn, limiting the market growth.
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Due to the presence of a large number of OEMs and LIDAR manufacturers in Europe region, it is expected to dominate the global market, followed by the Americas. The major players in the Europe market are taking initiatives to expand by entering into partnerships and collaborations with both, global and regional players.
The major Key Players are:- Robert Bosch GmbH, Continental AG, Denso Corp., First Sensor AG, Hella KGaA Hueck & Co., Leddartech, Novariant, Inc., Phantom Intelligence, Quanergy Systems, Inc., Velodyne LiDAR, Inc.
The Automotive LIDAR Sensors Market Key Segments are:
• Solid State LiDAR
• Mechanical LiDAR
• Autonomous Cars
• Semi-autonomous Cars
• North America
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o Rest of Europe
o Rest of Asia-Pacific
o Latin America
o Middle East
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