Global and Regional Players Together Dominate the Market Holding ~75% Revenue Share Despite the Presence of about ~150 Competitors Comprising a Notable Number of Country-Niche players, finds a recent market study on the Global Automotive LiDAR Market.
LiDAR is the acronym for Light Detection and Ranging. The technology of LiDAR has its foundational base on the sensor technology paradigm that aids in creating a map of the environment around the vehicle. These maps are a critical feature of self-driving or autonomous driving technologies. The segmentation of LIDAR s is usually done based on their technology, range, the types of vehicles they’re applied on, etc.
Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.
Global Players Constitute ~10% of the Total Number of Competitors, While Regional Players Dominate Representing ~50% of Total Competitors.
A comprehensive competitive analysis conducted during the Research Study found that the Global Automotive LiDAR Market is distributed among ~150 players, including globally diversified players, regional players, and country-niche players with expertise in offering solutions that cater to specific regulatory needs laid out by a country’s transport authorities. Some global players, expected to retain their leadership in the market during the forecast period, include Continental AG, ZF Friedrichshafen AG, Infineon Technologies AG, Velodyne LiDAR, LeddarTech, First Sensor AG, Quanergy Systems, Innoviz Technologies, Robert Bosch GMBH, Valeo, etc.
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Innovation and Product Line Optimization Drive the Major Players in Formulating their Key Strategy
Detailed comparative analysis of key competitors available within the Research Study shows that many companies such as Valeo, LeddarTech, and more, are focused on providing optimized solutions targeted toward the future of autonomous driving. Technological innovation is playing a key role in introducing these cutting-edge solutions to the market.
- In June 2022, Stellantis chose Valeo’s third-generation LiDAR for implementation in multiple models of its automotive lineup from 2024. Stellantis expects Valeo SCALA3 LIDAR s will help their vehicles qualify for Level 3 automation certification. According to Valeo, its SCALA LIDARs are capable of offering nearly 50-times better resolution than its second-generation devices. It also has a range of more than 150 meters for objects that have very low reflectivity and cannot be identified by the human eye, cameras, or radars.
- In May 2022, LeddarTech officially released LeddarSteel, a digital beam steering solution aimed at helping LiDAR smart sensor developers and Tier 1-2 automotive suppliers. The solution helps steer light at diverse angles at a specific wavelength to augment a LiDAR field of view while optimizing the performance.
Encouraging Government regulations in Europe is expected to boost the growth of the Automotive LIDAR Market
- From 6th July 2022, the European Union came under a new set of rules, under the Vehicle General Safety Regulations, which mandated new vehicles to be equipped with a range of advanced driver assistance systems (ADAS) to improve road safety and protect passengers, pedestrians, and cyclists across the EU. LIDARs, as part of the ADAS framework, would benefit from the regulations.
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Key Topics Covered in the Report
- Snapshot of the Global Automotive LiDAR Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Global Automotive
- Historic Growth of the Overall Global Automotive LiDAR Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Global Automotive LiDAR Industry
- Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
- COVID-19 Impact on the Overall Global Automotive LiDAR Market
- Future Market Forecast and Growth Rates of the Total Global Automotive LiDAR Market and by Segments
- Market Size of Application Segments with Historical CAGR and Future Forecasts
- Analysis of the Global Automotive LiDAR Market
- Major Production/Supply and Consumption/Demand Hubs within Each Region
- Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Region
Notable Key Players Mentioned in the Report
- Continental AG
- ZF Friedrichshafen AG
- Infineon Technologies AG
- Velodyne LIDAR
- LeddarTech
- First Sensor AG
- Quanergy Systems
- Innoviz Technologies
- Robert Bosch GMBH
- Valeo
Notable Emerging Companies Mentioned in the Report
- Luminar Technologies
- Aeva
- Ouster
- Cepton
- RoboSense
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Automotive LiDAR Manufacturers
- Component Suppliers for LiDAR
- Autonomous Vehicle Manufacturers
- Vehicle Manufacturers
- Electric Vehicle Manufacturers
- Mobility-tech startups
- Mobility-Tech/ Travel/ Transport Industry Investors/ VC Funds
- Government Transportation Agencies
- Vehicle Safety Authorities/ Research Organizations
- Automotive Electronics Manufacturers
- Semiconductor IP Suppliers
- Semiconductor Chip Manufacturers
- SoC and Hardware Suppliers
- Auto Component Manufacturers
- Government & Regulatory Authorities of Automotive Industry
- Automotive Research institutes
- PCB Designers and Manufacturers
- Investors in Automotive Industry
- Software Developers & EV Component Manufacturers
- Start-ups & Incumbents in Automotive Electronics
- Automotive Testing & Inspection Companies
- Company Research and Development Institutes
- Market Research & Consulting Firms
- Banking and Financial Service Providers
Time Period Captured in the Report
- Historical Period: 2017-2021
- Forecast Period: 2022E-2028F
For more information on the research report, refer to the below link:
Global Automotive LIDAR Market
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