The global Automotive Lidar Market is expected to reach USD
223.2 million by 2024, according to a new report by Grand View Research, Inc.
The surging acceptance of automobile safety application arenas and
sophisticated technology incorporations in automobile driving automation are expected
to boost the market growth. The increasing acceptance for semi-autonomous and
autonomous cars in the years to come is further anticipated to bolster the
market growth.
The market can be categorized, based on application
types, into Advanced Driver Assistance Systems (ADAS) & autonomous cars.
The ADAS application segment is further segregated into Automatic Emergency
Braking (AEB) and Adaptive Cruise Control (ACC). The ADAS application segment
is expected witness a significant growth, owing to the surging incorporation of
forward-collision avoidance systems.Adaptive cruise control (ACC) is
adiscretionary cruising choice for automobiles that robotically modifies the
vehicle speed to retain a safe distance from vehicles ahead.The rising adoption
of these systems in autonomous and semi-autonomous cars at various levels of
automation is expected to draw huge ventures from the key participants, thus
driving the regional market demand in the years to come.
In October 2016, Infineon Technologies AG (Germany)
acquired Innoluce BV (The Netherlands), a fabless semiconductor company
headquartered in Nijmegen. Infineon says it would develop chip components for
high-performance LiDAR systems by utilizing Innoluce’s patented technology.
This acquisition is expected to establish Infineon’s strong foothold as one of
the automotive safety technologies vendors.
Browse Details of Report @
http://www.grandviewresearch.com/industry-analysis/automotive-lidar-market
http://www.grandviewresearch.com/industry-analysis/automotive-lidar-market
Further key findings from the report suggest:
- The global automotive LiDAR market is estimated to grow
significantly over the forecast period due to the automation in the car
safety technology, leading to reduced human efforts and increased
efficiency
- Extensive R&D by market players,updated ratings of safety
agencies and the increasing awareness, among consumers, have fueled the
market growth assome major automakers have already started to integrate
basic AEB systems as optional and standard options into their mass-market
models
- The markets in the North American region including the U.S. &
Canada and the European regions occupied a marginal proportion of the
market share in 2015 on account of the administrative regulations
mandating the installation of certain automotive safety technologies in
both light weight and heavy weight vehicles in the region
- The key industry participants include Robert Bosch GmbH, Denso
Corporation, Velodyne LiDAR, Inc., Novariant, Inc., LeddarTech,
Continental AG, and Quanergy Systems, Inc.
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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