Asia-Pacific Automotive Lidar Market Share, Size, Trends, Revenue,...

Asia-Pacific Automotive Lidar Market Share, Size, Trends, Revenue, Demand, Growth Drivers, Challenges, Key Players, CAGR Status and Business Opportunities Till 2033: SPER Market Research

Posted 2024-11-27 12:24:43

Market Overview and Market Insights: Advanced driver-assistance systems (ADAS) and self-driving cars use automotive LiDAR (Light Detection and Ranging) sensor technologies to identify and gauge the distance to nearby objects. It operates by sending out laser pulses and timing how long it takes for the light to return after striking an item. Real-time, very accurate three-dimensional maps of the vehicle's surroundings are then produced using this data. Because LiDAR systems provide high-resolution, accurate, and dependable information about the environment, including objects, pedestrians, road signs, and obstacles, they are essential for autonomous cars. LiDAR is less impacted by variations in lighting, such as night-time or intense sunlight, than cameras, which may have trouble in low light or poor visibility situations. For navigation, path planning, and decision-making, the car's on-board computers use the point cloud data produced by LiDAR to build intricate models of the surroundings.

SPER Market Research, in its report titled ‘Asia-Pacific Automotive LiDAR Market Size - By Image Projection, By Range Type, By Technology, By Application - Regional Outlook, Competitive Strategies, and Segment Forecast to 2033,’ forecasts that the Asia-Pacific automotive LiDAR market is expected to reach USD XX billion by 2033, with a CAGR of XX%.

Drivers: End users worldwide are increasingly using automobile hardware, including front cameras, turn-around leaving cameras, groups, slender film semiconductors, and path take-off cautioning cameras. Potential development opportunities for participants in the auto LiDAR market are intended to be outlined by this variable. Additional LiDAR innovation application areas include robo-maneuvers for ride-sharing, transportation, on-demand vehicle, and versatility on-demand (MOD) armadas, among others. Furthermore, the global vehicle LiDAR market is anticipated to be driven in the upcoming years by the growing recognition of automotive hardware, which can be attributed to the emergence of innovative technologies. Electronic components including power guidance, heat control infotainment, and tire pressure checking systems (TPMS) benefit from the use of LiDAR technology.

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Restraints: When compared to more traditional frameworks like RADAR and cameras, using LiDAR for automotive applications, including autonomous vehicles or state-of-the-art driver assistance systems, is more expensive. Furthermore, outside programming may be needed for post-handling programming, like point-cloud order, which could be expensive for a single permit. As a result, high costs are preventing the widespread use of auto LiDAR outside of developed countries like the U.S. and China. LiDAR is more costly to use for automotive applications, such as driverless cars or cutting-edge driver assistance systems, than more conventional frameworks like RADAR and cameras. A LiDAR system's total cost includes expensive hardware, sensors, and scanners. Additionally, post-handling programming, such as point-cloud order, may require outside programming, which might be costly for a single permit. Because of this, auto LiDAR is not being widely used outside of rich nations like the United States and China due to its expensive cost.

COVID-19 Impact: The Asia-Pacific automotive LiDAR industry was significantly impacted by the COVID-19 epidemic, which caused supply chain, manufacturing, and consumer demand disruptions. Vehicle manufacturing first slowed as a result of extensive shutdowns in the automotive sector brought on by lockdowns and limitations. This consequently has an impact on the uptake and incorporation of cutting-edge technologies such as LiDAR in automobiles. Growth in the industry was further hampered by supply chain issues, such as delays in the delivery of raw materials and LiDAR components. But as the industry looked to improve car safety and autonomy, the pandemic also sped up the introduction of automation and advanced driver-assistance systems (ADAS).The need for autonomous driving technology, such as LiDAR, started to increase once more as governments placed an emphasis on contactless and automated solutions and mobility patterns changed.

China is dominated in the Asia-Pacific Automotive Lidar Market because it is driven by technical developments and strong demand for autonomous and electric vehicles. Some of the key players are 3D Laser Mapping Inc., Denso Corporation, FARO SINGAPORE PTE LTD, Leica Geosystems Inc. (Hexagon), Leishen Intelligent Systems.

Asia-Pacific Automotive Lidar Market Segmentation:

By Image Projection: Based on the Image Projection, Asia-Pacific Automotive Lidar Market is segmented as; 2D Automotive LiDAR and 3D Automotive LiDAR segments.

By Range Type: Based on the Range Type, Asia-Pacific Automotive Lidar Market is segmented as; Short & Mid-range Automotive LiDAR and Long-range Automotive LiDAR.

By Technology: Based on the Technology, Asia-Pacific Automotive Lidar Market is segmented as; Solid-state LiDAR and Mechanical/Scanning LiDAR segments.

By Application: Based on the Application, Asia-Pacific Automotive Lidar Market is segmented as; Semi-autonomous and Autonomous segments.

By Region: This research also includes data for China, India, Japan, South Korea, Indonesia, Vietnam, Malaysia and Rest of Asia Pacific.

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Asia-Pacific Automotive Lidar Market Share

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