Global Automotive LIDAR Sensors Market 2017-2021 to Post 37% CAGR | Technavio
Sep. 06, 2018
LONDON--(BUSINESS WIRE)--Sep 6, 2018--According to the latest market research report released by Technavio, the global automotive LIDAR sensors market is expected to accelerate at a CAGR of over 37% during the forecast period. The continuous innovation for reducing the cost is one of the key factors triggering the growth of the market.
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According to the latest market research report released by Technavio, the global automotive LIDAR sensors market is expected to accelerate at a CAGR of over 37% until 2021. (Graphic: Business Wire)
This research report titled ‘ ’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
The market research analysis categorizes the global automotive LIDAR sensors market into the following applications:ADAS Autonomous vehicle
In 2016, the ADAS segment accounted for 99% of the global market and is projected to decline to 80% by 2022, exhibiting almost 19% decrease in market share.
Global automotive LIDAR sensors market: Emerging trend influencing growth
Intelligent transportation is an emerging trend in the LIDAR sensors space. The demand for connectivity in cars is powering a revolution in the automotive industry. Several new technologies are increasingly being integrated into vehicles to suit the current and future demands. The evolution from an infotainment feature to telematics, ADAS, and vehicle-to-vehicle (V2V) or vehicle-to-infrastructure (V2X) is progressing rapidly. In every evolving concept or technology safety remains a top priority. Consumers of all ages consider safety as the prime feature in a connected car. With regulations mandating several safety features, consumer demands are also pressurizing OEMs to offer advanced tech features like blind spot monitoring and radar sensors. Toward the end of the forecast period, these features might become commonplace and may be a part of every car.
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavio’s report provides expert market research on the following topics:
Executive ReportMarket Outline Global Automotive LIDAR Sensors Market Overview
Market InsightsMarket Sizing and Forecasts Market Growth Market Drivers and Challenges Key Emerging Trends
Market Segmentation AnalysisRegional comparison (APAC, Americas, and EMEA) Key leading countries Market segmentation by application (ADAS and autonomous vehicle)
Vendor LandscapeVendor classification Market positioning of vendors Competitive scenario Analysis of top vendors (Continental, LeddarTech, Quanergy Systems, and Velodyne LIDAR)
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SOURCE: Technavio Research
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PUB: 09/06/2018 03:08 PM/DISC: 09/06/2018 03:08 PM