LiDAR For Robotic Cars Market Size, Share, Opportunities, And Trends By LiDAR Type (MEMS LiDAR, Optical-Phased Array LiDAR, Flash LiDAR), And By Geography – Forecast From 2023 To 2028
- Published : May 2023
- Report Code : KSI061612996
- Pages : 70
The LiDAR for robotic cars market was valued at US$1.134 billion in 2021 and is projected to expand at a CAGR of 54.07% over the forecast period to reach US$23.373 billion by 2028.
LiDARs play a key role in robotic driving vehicles. The market of LiDAR for robotic vehicles 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. 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 robotic cars. 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 robotic cars. Factors such as technical limitations related to range and resolution and the higher cost of LiDAR sensors are hampering the growth of the market. However, increasing demand for LiDAR for autonomous cars from the automobile sector will boost the market growth. Moreover, increasing R&D investments to make cheaper, smaller, and more reliable sensors with fewer moving parts will growth opportunities for the market.
This research study examines the LiDAR for robotic cars market based on various segments: LiDAR type and geography. First, a brief overview of the market details key driving factors and challenges. Next, Porter's five forces model analyzes the LiDAR for the robotic cars industry comprehensively. This is followed by industry value chain analysis which determines the companies which are part of the different processes and contributing to various sectors.
The study also presents in-depth information concerning the development, trends, and industry policies and regulations affecting the LiDAR for robotic cars market. Moreover, the research study analyzes the overall regulatory framework of LiDAR for the robotic cars sector, offering stakeholders a better understanding of the key factors influencing the overall market environment.
LiDAR for robotic cars market – Forecasts from 2023 to 2028 is a comprehensive and latest report. It provides vital market information to executives and interested stakeholders to enable them to get vital market information. The report also analyzes the competitive landscape and details strategies of key market players and also plots them on our vendor matrix in four quadrants: leader, follower, challenger, and niche.
The scope and coverage of the LiDAR for robotic cars market report are as below:
- LiDAR for robotic cars market data tables and charts
- Market outlook with sections on drivers, restraints, Porter’s, and industry value chain analysis
- Market assessment by LiDAR type into MEMS LiDAR, optical-phased array LiDAR, and flash LiDAR.
- A 360o view of the demand for LiDAR for robotic car solutions/services across different geographies (North America, South America, Europe, Middle East and Africa, and Asia Pacific) with further breakdown for key countries within those regions.
LiDAR For Robotic Cars Market Scope:
|Market size value in 2018||US$366.859 million|
|Market size value in 2024||US$4,378.572 million|
|Growth Rate||CAGR of 51.17% from 2018 to 2024|
|Forecast Unit (Value)||USD Million|
|Segments covered||LiDAR Type, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||XenomatiX N.V., Continental AG, Ibeo Automotive Systems GmbH, LeddarTech Inc., Ouster, Inc., TETRAVUE, INC., Velodyne Lidar, Inc., Quanergy Systems, Inc., Magna International Inc.|
|Customization scope||Free report customization with purchase|
Different segments covered under the LiDAR for robotic cars market report are as below:
- By LiDAR Type
- MEMS LiDAR
- Optical-Phased Array LiDAR
- Flash LiDAR
- By Geography
- North America
- United States
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
Frequently Asked Questions (FAQs)
Q1. What will be the LiDAR for robotic cars market size by 2024?
A1. LiDAR for robotic cars market is projected to reach a total market size of US$4,378.572 million by 2024.
Q2. What are the growth prospects for the LiDAR for robotic cars market?
A2. The LiDAR for robotic cars market is projected to grow at a CAGR of 51.17% during the forecast period.
Q3. What is the size of the global LiDAR for robotic cars market?
A3. The global LiDAR for robotic cars market was valued at US$366.859 million for the year 2018.
Q4. Which region holds the largest market share in the LiDAR for robotic cars 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 robotic cars.
Q5. What factors are anticipated to drive the LiDAR for robotic cars market growth?
A5. The market of LiDAR for robotic vehicles is increasing on account of the increasing demand for autonomous cars.
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. LIDAR FOR THE ROBOTIC CARS MARKET, BY LIDAR TYPE
5.2. MEMS LiDAR
5.3. Optical-Phased Array LiDAR
5.4. Flash LiDAR
6. LIDAR FOR ROBOTIC CARS MARKET, BY GEOGRAPHY
6.2. North America
6.3. South America
6.4.3. United Kingdom
6.5. Middle East And Africa
6.5.1. Saudi Arabia
6.6. Asia Pacific
6.6.4. South Korea
7. COMPETITIVE ENVIRONMENT AND ANALYSIS
7.1. Major Players and Strategy Analysis
7.2. Emerging Players and Market Lucrativeness
7.3. Mergers, Acquisitions, Agreements, and Collaborations
7.4. Vendor Competitiveness Matrix
8. COMPANY PROFILES
8.1. XenomatiX N.V.
8.2. Continental AG
8.3. Microversion Inc.
8.4. LeddarTech Inc.
8.5. Ouster, Inc.
8.6. Velodyne Lidar, Inc.
8.7. Quanergy Systems, Inc.
8.8. Magna International Inc.
Velodyne Lidar, Inc.
Quanergy Systems, Inc.
Magna International Inc.
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