Due to its high resolution, accuracy, and capacity to identify objects at long distances, SPAD depth sensors are expected to dramatically increase their market share within the automotive LiDAR market over the next several years. At a predicted CAGR of 18.2% from 2023 to 2030, the market size, which was estimated to be worth $75.9 million in 2022, will grow to $289.2 million by 2030. The advanced driver assistance systems (ADAS) and driverless vehicles, which are becoming more and more common in the automobile industry, are projected to make extensive use of SPAD depth sensors.

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The demand for advanced driver assistance systems (ADAS) and driverless vehicles, which have various advantages including enhanced safety, fewer accidents, and increased efficiency, is expected to expand substantially in the future years. In particular, the development of high-performance LiDAR systems, SPAD depth sensors is anticipated to have a significant impact on the growth of the automotive LiDAR market.
Growth Drivers:
SPAD depth sensors are ideal for ADAS applications because they deliver precise, high-resolution depth maps of the surrounding area that can assist drivers in avoiding collisions and lowering the risk of injury. Due to their high precision and resolution, SPAD depth sensors are anticipated to play a significant role in the development of high-performance LiDAR systems for autonomous cars.
Significant developments in sensor technology have led to the development of smaller, more effective, and dependable SPAD depth sensors. The deployment of SPAD depth sensors in automotive LiDAR applications is anticipated to increase as a result of these developments.

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Market Segmentation:
By Technology:
• Direct Time-of-Flight (dTOF)
• Indirect Time-of-Flight (iTOF)
By Application:
• Advanced Driver Assistance Systems (ADAS)
• Autonomous Vehicles
By Vehicle Type:
• Passenger Cars
• Commercial Vehicles
By Sales Channel:
• Direct Sales
• Distribution Channel
By Region:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
Market Key Players:
• ams AG
• Avnet
• Continental AG
• Digi-Key Electronics
• Excelitas Technologies Corp.
• First Sensor AG
• Hamamatsu Photonics K.K.
• Infineon Technologies AG
• Innoviz Technologies Ltd.
• LeddarTech Inc.
• Luminar Technologies, Inc.
• Mouser Electronics
• ON Semiconductor
• Panasonic Corporation
• Philips Photonics
• Quanergy Systems, Inc.
• Quantum Efficiency Devices Inc.
• Samsung Electronics Co., Ltd.
• SensL Technologies Ltd.
• Sony Corporation
• STMicroelectronics N.V.
• Toshiba Corporation
• TriLumina Corporation
• Valeo SA
• Velodyne LiDAR

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