The global automotive LiDAR market is projected to grow from USD 555 million in 2022 to USD 8,611 million by 2030, at a CAGR of 40.9%
Retrieved on:
Friday, December 2, 2022
A8, Toyota, BMW, Safety, Original equipment manufacturer, Commercial vehicle, FMCW, Short, FCEV, Organization, BMW 7 Series, NIR, Denso, Time of flight, Mercedes-Benz S-Class, Pulse, Audi A8, PHEV, LWIR, Volkswagen Group, Growth, Mechanical, Bumper, Lidar, Headlamp, Audi, BEV, HEV, Ford Motor Company, General Motors, SWIR, Progressively measurable process, Bev Facey Community High School, Hyundai-Kia K platforms, USD, Video game, Bridge, Oil, Motor vehicle, Renewable energy, Marketing, Valeo, Autonomy
View original content:https://www.prnewswire.com/news-releases/the-global-automotive-lidar-mar...
Key Points:
- The global automotive LiDAR market is projected to grow from USD 555 million in 2022 to USD 8,611 million by 2030, at a CAGR of 40.9%.
- Most level 4 and level 5 autonomous vehicles will be equipped with LiDAR sensors at bumpers & grills in the coming years.
- All these parameters are expected to bolster the revenue growth of the North America automotive LiDAR market during the forecast period.The US is projected to be the largest automotive LiDAR market in North America.
- All these factors, are expected to augment revenues for BEV segment of the automotive LiDAR market during the forecast period.