Automotive Lidar Market

May 2020| VMR1942A| Verified Market Research

Report Highlights

Automotive LiDAR Market Size And Forecast

According to Verified Market Research, the Global Automotive LiDAR Market was valued at USD 682.44 Million in 2018 and is projected to reach USD 2,492.63 Million by 2026, growing at a CAGR of 17.6 % from 2019 to 2026.

Global Automotive LiDAR Market Outlook

The growing utilization of LiDAR systems in Unmanned Aerial Vehicles (UAV)is a key factor propelling market growth. In addition, the increasing adaption of the LiDAR in the applications related to the construction and engineering activities is the other factor contributing to the market growth. Moreover, the rising need of LiDAR in the geographical information system (GIS) applications, impose a positive outlook on the market growth.

However, the issues involving the safety threats to autonomous cars and UAVs are expected to hamper the growth of the market.

Global Automotive LiDAR Market Competitive Landscape

The Global Automotive LiDAR Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Teledyne Technologies Trimble, Riegl, Quantum Spatial, Velodyne LiDAR, Hexagon, Faro, Sick AG, Yellowscan and Hexagon.

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