LiDAR For ADAS Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Product Type (MEMS LiDAR, Optical Phase-Array LiDAR, Flash LiDAR), And By Geography – Forecast From 2019 To 2024

Published:  May 2021 Report Code: KSI061612974 Pages: 78

LiDAR for ADAS market is projected to grow at a CAGR of 51.28% during the forecast period, reaching a total market size of US$2,127.070 million in 2024 from US$177.448 million in 2018. LiDARs play a key role in automated driving vehicles. The market of LiDAR for advanced driver-assistance systems (ADAS) is increasing on account of the increasing demand for autonomous cars. LiDAR helps in road scanning to understand vehicle surroundings with precise and real-time 3D digitization and makes them an essential building block in ADAS. Several benefits offered by LiDAR such as facilitating object detection and tracking, free space detection, road profile measurement, and localization capabilities are further boosting demand for LiDAR for ASAD. Geographically, North America will have a significant market share on account of the progression towards autonomous vehicle technology in commercial cars, robust technology, and early adoption of ADAS. Factors such as technical limitations related to range and resolution and the higher cost of LiDAR sensors are hampering the growth of the market. Moreover, increasing investments in R&D to make cheaper, smaller, and more reliable sensors with fewer moving parts will growth opportunities for the market.

The “LiDAR for ADAS Market – Forecasts from 2019 to 2024” is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key markets, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by product type and geography.

The LiDAR for ADAS market is segmented by product type and geography. By product type, the market has been segmented into MEMS LiDAR, optical-phased array LiDAR, and flash LiDAR.

Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, Europe, Asia Pacific, and the rest of the world. The report provides a thorough analysis and forecast along with prevailing market trends and opportunities which each of these regions presents for the manufacturers.

Major players in the LiDAR for ADAS market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the LiDAR for ADAS market.

LiDAR For ADAS Market Scope:

Report Metric Details
 Market size value in 2018  US$177.448 million
 Market size value in 2024  US$2,127.070 million
 Growth Rate  CAGR of 51.28% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Million
 Segments covered  Product Type, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Continental AG, XenomatiX N.V., Ibeo Automotive Systems GmbH, DENSO CORPORATION, LeddarTech Inc., Quanergy Systems, Inc., Velodyne Lidar, Inc., Magna International Inc., TETRAVUE, INC., Ouster, Inc.
 Customization scope  Free report customization with purchase

 

Segmentation:

  • By Product Type
    • MEMS LiDAR
    • Optical Phase-Array LiDAR
    • Flash LiDAR
  • By Geography
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World

Frequently Asked Questions (FAQs)

Q1. What will be the LiDAR for ADAS market size by 2024?
A1. LiDAR for ADAS market is projected to reach a total market size of US$2,127.070 million by 2024.


Q2. What are the growth prospects for LiDAR for ADAS market?
A2. The LiDAR for ADAS market is projected to grow at a CAGR of 51.28% during the forecast period.


Q3. What is the size of global LiDAR for ADAS market?
A3. The global LiDAR for ADAS market is evaluated at US$177.448 million for the year 2018.


Q4. Which region holds the largest market share in the LiDAR for ADAS market?
A4. Geographically, North America will have a significant market share on account of the progression towards autonomous vehicle technology in commercial cars, robust technology, and early adoption of ADAS.


Q5. What factors are anticipated to drive the LiDAR for ADAS market growth?
A5. The market of LiDAR for advanced driver-assistance systems (ADAS) is increasing on account of the increasing demand for autonomous cars. 

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
 
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
 
3. EXECUTIVE SUMMARY
 
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Force Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Buyers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitutes
4.5.5 Competitive Rivalry in the Industry
4.6.  Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
 
5. LIDAR FOR ADAS MARKET BY PRODUCT TYPE
5.1. MEMS LiDAR
5.2. Optical-Phased Array LiDAR
5.3. Flash LiDAR
 
6. LIDAR FOR ADAS MARKET BY GEOGRAPHY
6.1. North America
6.2. Europe
6.3. Asia Pacific
6.4. Rest of the World
 
7. COMPETITIVE INTELLIGENCE
7.1. Market Positioning Matrix and Ranking
7.2. Recent Investment and Deals
7.3. Strategies of Key Players
 
8. COMPANY PROFILES
8.1. Continental AG
8.2. XenomatiX N.V.
8.3. Ibeo Automotive Systems GmbH
8.4. DENSO CORPORATION
8.5. LeddarTech Inc.
8.6. Quanergy Systems, Inc.
8.7. Velodyne Lidar, Inc.
8.8. Magna International Inc.
8.9. TETRAVUE, INC.
8.10. Ouster, Inc.
 

Continental AG

XenomatiX N.V.

Ibeo Automotive Systems GmbH

DENSO CORPORATION

LeddarTech Inc.

Quanergy Systems, Inc.

Velodyne Lidar, Inc.

Magna International Inc.

TETRAVUE, INC.

Ouster, Inc.

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