The continuous growth for the need of better sensors in the automotive market and increase in administrative regulations mandating such installations (such as AEB braking systems installations in the U.S. and the UK.) are the key drivers for the market. Moreover, automotive LiDAR sensors work even in complete darkness, which makes them popular among the end-users. However, the high cost of the system, due to low demand limits the market growth. The requirement of these systems is projected to increase in the upcoming years, thus reducing the cost restraint.
Automotive LiDAR Sensors are used to enhance vehicles navigation capabilities by detection and avoidance of obstacles en route. Light Detection and Ranging sensors (LiDAR) are detection and survey systems to evaluate the nearness of an object. A LiDAR system principally consists of a laser, a scanner, and a specialized GPS receiver. An optical pulse is created by the laser, which is radiated and transmitted toward the target.
The time taken by the light pulse to bounce back and reach the receiver is measured (utilizing the speed of light) and thus the distance of the target is calculated. The technology has emerged as the main pillar for the vision of autonomous cars as it gives a 3D mapping of the surroundings of the vehicle. This enables a safe navigation system for the vehicles. The outputs from the LiDAR system is fed into the software, which takes the necessary decisions based on the vehicles surrounding. Some of the applications of LiDAR system includes adaptive cruise control systems, automatic speed control, and braking systems.
The market for global automotive LiDAR sensors market is segmented into technology, application, and geography. By technology, it is bifurcated into solid-state and mechanical LiDAR. On the basis of application, the market is segmented into autonomous cars and semi-autonomous cars. Geographically, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
- Robert Bosch GmbH.
- Continental AG
- Denso Corp.
- First Sensor AG
- Hella KGaA Hueck & Co.
- Novariant, Inc.
- Phantom Intelligence
- Quanergy Systems, Inc.
- Velodyne LiDAR, Inc.
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