According to Technavio analysts, one of the key factors contributing to
the growth of the global automotive LIDAR sensors market is the rapid
developments in autonomous vehicle technology:
Global automotive LIDAR sensors market: Rapid
developments in autonomous vehicle technology
Automotive OEMs are competing for becoming the first to develop fully
functioning autonomous vehicles and capture the market. Companies such
as Delphi (News - Alert), Intel, Mercedes-Benz, and Ford are among the major OEMs and
Tier-1 suppliers that have invested heavily in the development of
automotive vehicles. With the rapid development in autonomous vehicle
technology, the global automotive LIDAR sensors market is expected to
witness significant growth during the forecast period.
According to a senior analyst at Technavio, "Apart from the rising
development of autonomous vehicle technology, factors such as the key
role of LIDAR sensors in ADAS and the development of more versatile
solid-state LIDAR sensors will fuel the growth of the global automotive
LIDAR sensors market during the forecast period."
Global automotive LIDAR sensors market:
Segmentation analysis
The global automotive LIDAR sensors market research report provides
market segmentation by application (ADAS and autonomous vehicle) and by
region (the Americas, EMEA, and APAC). It provides an in-depth analysis
of the prominent factors influencing the market, including drivers,
opportunities, trends, and industry-specific challenges.
The Americas region held the largest share of the market in 2017,
accounting for more than 48% share, followed by EMEA and APAC
respectively. Although the APAC held the smallest share of the market in
2017, it is expected to register the highest incremental growth during
the forecast period.
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Some of the key topics covered in the report include:
Market Landscape
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Market ecosystem
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Market characteristics
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Market segmentation analysis
Market Sizing
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Market definition
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Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
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Regional comparison
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Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
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Vendors covered
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Vendor classification
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Market positioning of vendors
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Competitive scenario
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View source version on businesswire.com: https://www.businesswire.com/news/home/20181211005650/en/
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