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Open platform for mapping: HD maps to gain traction in the market. A universal or harmonized mapping platform is a key requirement for autonomous vehicles. Few industry players such as Volkswagen and General Motors have formed a partnership that entails the usage of Mobileye’s optical sensors. The analysts have predicted that the automotive LIDAR sensors market will register a CAGR of about 47% by 2022.
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Market Overview
Rapid development in autonomous technology
The self-driving cars may become a reality by the end of the forecast period, it will likely to see a sizeable number of self-driving cars.
High cost of automotive LIDAR sensors
The expensive nature of LIDAR sensors poses as a major threat to the market.
For the detailed list of factors that will drive and challenge the growth of the automotive LIDAR sensors market during the 2018-2022, view this report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Velodyne LiDAR and Valeo, the competitive environment is quite intense. Factors such as the rapid development in autonomous technology and the open platform for mapping: HD maps, will provide considerable growth opportunities to automotive LIDAR sensors manufactures. Continental, LeddarTech, Quanergy Systems, Velodyne LiDAR, and Valeo are some of the major companies covered in this report.
Table of Contents
PART 01: EXECUTIVE SUMMARYPART 02: SCOPE OF THE REPORTPART 03: RESEARCH METHODOLOGYPART 08: CUSTOMER LANDSCAPEPART 10: DECISION FRAMEWORK
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY APPLICATION
PART 09: REGIONAL LANDSCAPE
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
List of Exhibits
Executive Summary
Global Automotive LIDAR Sensors Market 2018-2022The analyst recognizes the following companies as the key players in the global automotive LIDAR sensors market: Continental, LeddarTech, Quanergy Systems, Velodyne LiDAR, and Valeo.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the open platform for mapping: HD maps.”
According to the report, one of the major drivers for this market is the rapid development in autonomous technology.
Further, the report states that one of the major factors hindering the growth of this market is the high cost of automotive LIDAR sensors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Continental
- LeddarTech
- Quanergy Systems
- Velodyne LiDAR
- Valeo