Automotive LIDAR Sensors Market Size To Expand at a Notable CAGR Of 25% During 2017 - 2023

Pune, India, February,2019/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Automotive LIDAR Sensors Market

Global Automotive LIDAR Sensors Market: Synopsis

The detailed report published by Market Research Future (MRFR) projects that the global automotive LIDAR sensors market is marked to exhibit remarkable expansion at a CAGR of 25% during the forecast period of 2017-2023. Automotive LIDAR (light detection and ranging) sensors aid in detecting the objects located at a distance of about 300 meters. Increased emphasis on improving the passenger and vehicle safety features in automobiles and high demand for advanced sensors in automobiles are majorly fueling the growth of the global automotive LIDAR sensors market. Rise in production of automobiles in order to fulfill the rising global demand as a result of rapidly increasing global population is also fueling the growth of the global automotive LIDAR sensors market. However, complexities and high cost related to the installation and maintenance of LIDAR systems in automobiles are restraining the growth of the global automotive LIDAR sensors market during the assessment period.

Global Automotive LIDAR Sensors Market:  Segmental Analysis

The global market for automotive LIDAR sensors has been segmented on the basis of application type, image type, placement, and end market. Based on application type, the global automotive LIDAR sensors market has been segmented into semi-autonomous vehicles and autonomous vehicles. Based on image type, the global automotive LIDAR sensors market has been segmented into 2D image and 3D image. Based on placement, the global automotive LIDAR sensors market has been segmented into headlight & taillight, bumpers, roof, and others. Based on end market, the global automotive LIDAR sensors market has been segmented into OEM and aftermarket. The OEM segment is anticipated to commanded the dominant share of the global automotive LIDAR sensors market in the year 2016.Browse Complete Report @ https://www.marketresearchfuture.com/reports/automotive-lidar-sensors-market-4942

Global Automotive LIDAR Sensors Market:

Regional Analysis

The global automotive LIDAR sensors market has been geographically segmented into four major regions such as Europe, North America, Asia Pacific (APAC) and the rest of the world. The automotive LIDAR sensors market in the Europe region commands the major share of the global automotive LIDAR sensors market during the assessment period owing to the increased focus on developing advanced electronics for automobiles, rapid expansion of the automotive industry and increased export activities of automotive parts in this region. The North America region is projecting substantial growth in the global automotive LIDAR sensors market owing to the rapid adoption of technologically advanced features in the automobiles, increased demand for LIDAR sensors in fuel-based and electronic vehicles, and increasing disposable income of the population in this region. The automotive LIDAR sensors market in the Asia Pacific region is expanding at a significant growth rate owing to the increased production of automotive parts, high demand for technologically advanced automobiles, rise in utilization of automobiles as a result of rapid increase in population, and increasing awareness regarding the advanced safety features in automobiles in this region.

Global Automotive LIDAR Sensors Market: Competitive Analysis

The prime players profiled by Market Research Future (MRFR) that are operating in the global automotive LIDAR sensors market are Delphi Automotive (the U.K.), Continental AG (Germany), ZF Friedrichshafen (Germany), Infineon Technologies (Germany), Velodyne LiDAR (the U.S.), Texas Instruments Incorporated (the U.S.), First Sensor AG(Germany), Robert Bosch (Germany), Ibeo Automotive (Germany), Quanergy Systems (the U.S.),         Valeo S.A. (France), Denso (Japan), PulsedLight (the U.S.), Teledyne Optech (Canada), LeddarTech (Canada), Trilumina (the U.S.), TetraVue (the U.S.), Princeton Lightwave (the U.S.), and HELLA GmbH  (Germany). The players in the global automotive LIDAR sensors market are focusing on the expansion of their businesses by developing advanced automotive electronics that are low in cost and easy to install. The initiatives such as strategic mergers and acquisitions are also aiding these players in retaining their dominance over the global automotive LIDAR sensors market during the assessment period.