Aarkstore Enterprise announced latest Market Research Report Titled " Global Automotive Lidar Market is expected to reach USD 4,135.2 million by 2026"

The growing adoption of ADAS and investment in the dynamic development of autonomous vehicle by leading companies such as Uber, Google, and Apple, have had a positive impact on the global Automotive LiDAR market.

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There are several advantages of integrating LiDAR in ADAS system such as it supports different environmental conditions, can work better range up varying from 10 cm to 100 m and also records 30 times quicker than regular camera video, such factors have highly propelled Automotive LiDAR market worldwide. Although, high cost and substitute technology are some of the factors that could affect the growth of the market. However, these factors are expected to have minimal impact on the Automotive LiDAR Market attributed to the decreasing price in near future with rise in volume.

Major Players

Scans LLC
Velodyne LIDAR
Quanergy Systems
LeddarTech
First Sensor AG
Delphi Technologies
Continental AG
Robert Bosch GmbH

North America dominates the Automotive LiDAR market attributed to the technological advancements and early adopter of ADAS, existence of prominent Automotive LiDAR providers in the region, and robust technical adoption base. Also, the region is expected to continue its dominance during the forecast period. Moreover, the emerging application of autonomous vehicle technology in commercial cars services in key economies, such as the U.S. and Canada, is considerably adding to the market growth in the North American region. The markets in Asia Pacific, and European region are expected to notice a high growth during the coming years. The growth in Asia Pacific region is attributed to the increasing demand for autonomous car in the developing economies.

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