LiDAR Automotive Market Future Prospects and Forecast To 2031
The LiDAR Automotive Market research report highlights market research and industry analysis driven by in-depth business relevant news.
Precision Business Insights has published a report on the global LiDAR Automotive Market, estimating its value at USD 570.5 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 22.3% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
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The LiDAR Automotive Market refers to the industry surrounding Light Detection and Ranging (LiDAR) sensors used in vehicles to enable
Drivers:
· Growing interest in luxury and safety features drives OEMs to offer LiDAR-equipped models
· Global support for autonomous mobility and smart infrastructure fuels adoption
The global LiDAR Automotive Market segmentation:
1) By Type: Electromechanical LiDAR Sensor, Solid State LiDAR Sensor.
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Regional Overview:
The report also examines the current concerns and their Future Effects on the LiDAR Automotive Market by the region. The report covers all regions and countries; North America was the largest and Asia was the fastest-growing region in the LiDAR Automotive Market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
· North America (U.S., Canada)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
· Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
· Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like Leica Geosystems AG, Trimble Inc, Topcon, SICK AG, Velodyne Lidar, FARO, BEA Group, Teledyne Optech, Valeo, Leosphere, Waymo, Faro Technologies, Hexagon AG, Innoviz Technologies
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