Automotive Lidar Market
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.
Verified Market Research has been providing Research Reports, with up to date information, and in-depth analysis, for several years now, to individuals and companies alike that are looking for accurate Research Data. It has large database which includes the latest content from renowned authors and publications worldwide. It also provides customized Data and Reports according to the need of the client.