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Report explores the global automotive LiDAR sensors market forecast 2017-2021

Report explores the global automotive LiDAR sensors market forecast 2017-2021

MRC recognizes the following companies as the key players in the global automotive LIDAR sensors market: Continental, LeddarTech, Quanergy Systems, and Velodyne LIDAR.

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The latest industry research report on Automotive LIDAR Sensors by MRC provides a thorough analysis of the global Automotive LIDAR Sensors market. The report scrutinizes the market by different segments including regions, applications, competitive landscape,.

over the predicted time frame. This report provides 360 Degree perspective of the Automotive LIDAR Sensors industry with an all-inclusive discussion of definitions, classifications, and market players in the industry chain structure. It features qualitative and quantitative analysis of the industry taking into consideration the significant development factors, competition in the market, and important reasons impacting the market growth.

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Prominent Vendors in the market are: Bosch, Delphi Automotive, DENSO, First Sensor, HELLA, Ibeo Automotive Systems, Novariant (AgJunction), Phantom Intelligence, PulsedLight (Garmin), Teledyne Optech, Trilumina, Valeo, Innoviz, Facet Technology (Google), Xenomatix, Princeton Lightwave, Neptec Design Group, and TetraVue.

Commenting on the report, an analyst from MRC’s team said: “One trend in the market is intelligent transportation. The demand for connectivity in cars is powering a revolution in the automotive industry.

Several new technologies are increasingly being integrated into vehicles to suit the current and future demands. The evolution from an infotainment feature to telematics, ADAS, and vehicle-to-vehicle (V2V) or vehicle-to-infrastructure (V2X) is progressing rapidly.

In every evolving concept or technology safety remains a top priority.”

According to the report, one driver in the market is rapid progress in autonomous vehicles. Almost all the OEMs and tier-I players are working toward automated driving, and aggressive steps are being taken toward achieving levels 3 and 4 in vehicle automation, which places LIDAR at an advantageous position among the sensor suites for autonomous vehicles.

It is a fact that none of these sensors will attain obsolescence during the forecast period, but the move toward levels 3 and 4 will drive the global automotive LIDAR sensors market despite current high costs. Majority LIDAR penetration in premium segment cars will be seen in 2018.

Further, the report states that one challenge in the market is lower volume of production of LIDAR sensors resulting in higher cost. Though the current high-cost model will have a less impact in the long run (or beyond the forecast period), it poses a major challenge at present.

Data-based evidence indicates that the cost is likely to drastically drop due to mass production as confirmed by several value chain participants, such as Quanergy Systems, Osram, and Velodyne LIDAR. These vendors have announced plans to reduce the costs of LIDAR.

However, current low volumes of LIDAR impact the challenges associated with cost pressures faced by OEMs.

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.

The research report focuses on the analysis of its major geographies, and different segments. This all-inclusive study discusses the current market development and trends, important factors driving market growth like drivers, restraints, market projections, and market structure for each region and its sub-segments.

It also provides glimpses on the recent technological advancements in the market along with detailed profiles of key industry players. The report also includes an analysis of the micro and macro aspects noteworthy for the present active and the new entities apart from the study of the value chain.

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Key Topics Covered in the Report:

  • Comprehensive overview of parent market with market definition, classification
  • Recognition of factors influencing the market scenarios and analysis of market drivers, barriers, and their impact on the market growth
  • Current and future market trends, market scope and detailed market segmentation on the basis of application, region, and competitive scenario
  • Value Chain Analysis, Strategic insights, and market estimations
  • Facts, stats, historical data, market size forecast regarding volume and value
  • Analysis of competitive landscape and assessments on a regional scale with company profiles of leading market players, finance metrics, product offerings and key business strategies and growth prospects for the projected period
  • Insights on prospective opportunities and challenges, success and risk

The report brings to your attention analysis of the Automotive LIDAR Sensors market in major geographies including North America, Europe, the Asia-Pacific, and the Rest of the World. This research report provides a complete insight of the market trends and guides in making informed business decisions.

It gives a clear understanding of the competitive environment, key market players, their portfolio, and strategies. It also features a technological growth map over a time and helps understand its impact on the market.

Market Scope

The research report takes different facets into consideration to scrutinize the global Automotive LIDAR Sensors industry. It brings to your attention market overview, market trends and future outlook, market growth and dynamics, market challenges and opportunities, competitive landscape, and potential investment segment.

Report Details @  marketreportscenter.com/reports/56…-market-2017-2021

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