Automotive LIDAR Sensors Market Information Report By Application Type (Semi-Autonomous Vehicles, Autonomous Vehicles), By Image Type (2D Image, 3D Image), By Placement (Headlight & Taillight, Bumpers, Roof, Others), by end market (OEMs, Aftermarket), and By Region - Forecast To 2023.

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Global Automotive LIDAR Sensors Market Highlights:

LIDAR (Light Detection and Ranging) system is used to determine the time in which a pulse laser overcomes a certain distance in particular medium. The automotive sector generally uses laser pulses with a length of 3-20 nanoseconds. The LIDAR sensors in automotive are capable of detecting objects within a range of 300 meters. The global automotive LIDAR sensors market has seen remarkable growth in the global market and it has been observed that, its demand in the future is expected to grow at CAGR of ~25%.

The global automotive LIDAR sensors market is majorly being driven by the strengths of LIDAR sensors such as high angular resolution and wide view that is required for proper mid-range detection. The data scanned by the LIDAR is capable of being recorded by the software tools, which can be used for creating a model of vehicles surrounding. Also, the LIDAR sensors serve as a perfect connection between close ranges and far range sensor systems.

The market for automotive LIDAR sensors is also largely driven by its increasing use in the self-driving cars. LIDAR sensors enable the differentiation between a person on a bike and a person walking, and even at the speed and direction they are going in. LIDAR is the key sensor in self-driving cars with the combination of navigation system, predictability and high resolution object tracking. 

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