Growing At A CAGR Of Over 28%, Automotive Lidar Sensors Market Is Projected To Reach USD 734.91 Million In 2024
Global Automotive LiDAR Sensors Market is projected to reach USD 734.91 Million in 2024, growing at a CAGR of over 28%, during 2014-2024 due to rapid progress in autonomous vehicles, growing demand for connected vehicles, growing technological advancements and growing demand for battery electric vehicles. Based on technology, the market has been segmented into Solid-State LiDAR and Mechanical/Scanning LiDAR. In 2017, the Solid-State LiDAR dominated the market and is expected to maintain its dominance over the next five years as well due to low cost of components along with the increasing contribution of major players across the automotive LiDAR industry. The major player in automotive LiDAR sensors market globally are ZF Friedrichshafen AG, Delphi, Texas and many others. Years considered for this report: Historical Year : 2014 - 2017 Base Year : 2018 Estimated : 2019 Forecast : 2020 - 2024 Click here to download the brochure Objective of the Study: To analyse and forec...