Automotive 3D Light Detection and Ranging (LiDAR) Market
Automotive 3D Light Detection and Ranging (LiDAR)
Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Automotive 3D Light Detection and Ranging (LiDAR)
Market Size and Growth
The Automotive 3D LiDAR market is experiencing significant growth, driven by advancements in autonomous vehicle technology. The market is projected to reach approximately $2.5 billion by 2025, reflecting a CAGR of over 25%. Increased demand for safety features and enhanced navigation capabilities are key factors shaping market dynamics and opportunities.
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Companies Covered
(Covid 19 Impact Covered)
◍ Trimbel
◍ Hexagon AB
◍ Sick AG
◍ Topcon
◍ Velodyne
◍ Riegl
◍ Valeo
◍ Leosphere
◍ Innovusion
◍ Hesai
◍ Ibeo
◍ Ouster
◍ LeddarTech
◍ Robosense
◍ Luminar
◍ Beijing Wanji Technology
◍ SureStar
◍ Continental
The Automotive 3D LiDAR market features key players such as Velodyne, Luminar, and Waymo, driving innovation and deployment. Companies focus on enhancing sensor accuracy, cost reduction, and partnerships for scalability. Sales revenues include:
- Velodyne: ~$150 million (2022)
- Luminar: ~$55 million (2022)
- Waymo: ~$1 billion (2021) (estimated).
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