Automotive LiDAR Market

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• The automotive LiDAR market in Europe is set to
  benefit from the strong presence of major
  automakers in the region, positioning it to
  maintain a significant share in the global
  industry landscape for the foreseeable future.
  Among the countries in Europe, Germany is
  anticipated to emerge as a central market for
  Light Detection and Ranging (LiDAR) sensors.
• The worldwide automotive LiDAR market size was
  valued at US 430 million in 2020, and industry
  experts anticipate a significant upturn. The
  market's value is projected to soar to US 3
  billion by the end of 2031. This remarkable
  growth can be attributed to the increasing demand
  for automotive Light Detection and Ranging
  (LiDAR), which is expected to demonstrate a
  remarkable Compound Annual Growth Rate (CAGR) of
  19.5 over the coming decade.
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• In the ever-evolving landscape of the automotive
  industry, a significant revolution is taking
  place, one that promises to change the way we
  drive, commute, and even think about
  transportation. This transformation is being
  driven by the relentless pursuit of autonomous
  vehicles, and at the heart of this shift lies a
  technology that is becoming increasingly
  indispensable LiDAR.
• LiDAR's Vital Role in Autonomous Driving
• LiDAR, which stands for Light Detection and
  Ranging, is a sensing technology that uses laser
  beams to measure distances and create
  high-resolution, three-dimensional maps of a
  vehicle's surroundings. This technology has
  become the linchpin of autonomous driving
  systems, providing cars with a real-time,
  360-degree view of their environment.
• Automakers have recognized that LiDAR is not just
  a key component but a critical enabler of self-
  driving cars. As a result, they are eagerly
  embracing this technology to bring safer and more
  efficient autonomous vehicles to the market.
• The Boom in the Automotive LiDAR Market
• The automotive LiDAR market is experiencing an
  unprecedented boom, and the reasons are clear.
  Here's why automakers are so enthusiastic about
  integrating LiDAR into their autonomous vehicles
• Enhanced Safety LiDAR sensors can detect
  objects, pedestrians, and other vehicles with
  remarkable precision, even in challenging
  conditions such as low light or adverse weather.
  This ability to "see" better than human drivers
  makes autonomous vehicles equipped with LiDAR
  inherently safer.
• Accurate Mapping LiDAR generates highly detailed
  maps of the surroundings, enabling vehicles to
  navigate complex urban environments, highways,
  and rural roads with ease. These maps are
  constantly updated in real-time, ensuring the car
  always has the most current information.

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• Companies in the automotive Light Detection and
  Ranging (LiDAR) system sector are prioritizing
  the establishment of new agreements and
  collaborations to expand their global market
  presence and optimize revenue generation.
• In March 2020, Velodyne LiDAR, a prominent player
  in the LiDAR technology sector, revealed a sales
  agreement with NAVYA, a renowned provider of
  autonomous driving systems. This strategic move
  underscores the industry's commitment to
  fostering partnerships for mutual benefit.
• Key Segments Covered in Automotive LiDAR Industry
  Research
• By Technology
• Solid-state LiDAR
• Mechanical/Scanning LiDAR
• By Location
• Roofs Upper Pillars
• Headlights Taillights
• Bumpers Grills
• By Image Projection
• 2D
• 3D
• By Range Type
• Short Mid-range
• Long range

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