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Lumotive, the Bill Gates-funded startup is working LiDAR systems projects for self-driven vehicles. And several market newbies are the solution to enable disruptive beam steering technology in LiDAR systems. Get the latest trends in the global market and how they are impacting its overall growth.
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Summary • The Global Automotive LiDAR Market is anticipated to reach USD 4,135.2 million by 2026 according to a new study. The growing adoption of ADAS and investment in the dynamic development of autonomous vehicle by leading companies such as Uber, Google, and Apple, have had a positive impact on the global Automotive LiDAR market. • There are several advantages of integrating LiDAR in ADAS system such as it supports different environmental conditions, can work better range up varying from 10 cm to 100 m and also records 30 times quicker than regular camera video, such factors have highly propelled Automotive LiDAR market worldwide
Major Region • North America dominates the Automotive LiDAR market attributed to the technological advancements and early adopter of ADAS, existence of prominent Automotive LiDAR providers in the region, and robust technical adoption base. • The markets in Asia Pacific, and European region are expected to notice a high growth during the coming years.
Related Report • Global Automotive Navigation Systems Market By Vehicle Type (Passenger Car & CV), By Device Type (In-Dash Navigation System & Portable Navigation Devices), By Distribution Channel (OEM & Aftermarket), By Region, Competition, Forecast & Opportunities, 2024 • Europe Automotive Lidar Sensor Market Report (2014-2024) - Market Size, Share, Price, Trend and Forecast • Asia Pacific Automotive Lidar Sensor Market Report (2014-2024) - Market Size, Share, Price, Trend and Forecast
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