Automotive LiDAR Market: Rising Government Initiatives to Ensure Safe Diving Will Boost Demand for Automotive LiDAR
The global automotive LiDAR (Light Detection and Ranging) market is a highly competitive market with a number of small and large players competing against each other, observes Transparency Market Research in its recent report. Manufacturers prefer using LiDAR technologies as it is considered the most appropriate technology to be used in the autonomous vehicles. Some of the prominent LiDAR manufacturers in the global market are Robert Bosch GmbH, Denso Corporation, Continental AG, ZF Friedrichshafen AG, Magna International Inc., Valeo, and LeddarTech. According to TMR, the global automotive LiDAR market is projected to cross US$2 bn during the forecast period between 2018 and 2026. The global market is estimated to expand at a healthy CAGR of 35% during the forecast tenure. The global automotive LiDAR market is classified on the basis of the sales channel, image projection, location, application, vehicle type, type, and range type. Based on location, bumper and g...