BOSTON, May 8, 2024
/PRNewswire/ -- In the rapidly evolving landscape of Advanced
Driver-Assistance Systems (ADAS) and autonomous driving, sensor
technologies have emerged as a pivotal force driving innovations in
the automotive industry. Among these, three-dimensional (3D) Light
Detection and Ranging (Lidar) stands out, offering precise mapping
capabilities through laser-based remote sensing.
The demand for Lidar in automotive applications is forecasted to
grow to US$9.5 billion by 2034,
driving substantial investments and advancements in performance
enhancements, beam steering technologies development, cost
reduction strategies for LiDAR transceiver components, scalability,
and increasing adoption. In the IDTechEx report, "Lidar
2024-2034: Technologies, Players, Markets & Forecasts",
market forecasts are based on the extensive analysis of primary and
secondary data, combined with careful consideration of market
drivers, restraints, and key player activities. The technology
adoption roadmaps for six types of lidar in four types of level 3+
autonomous vehicles are evaluated to provide a balanced outlook on
market opportunities. Lidars are also poised to extend their
application beyond traditional automotive use cases.
The technology landscape of lidar is segmented into four areas:
measurement process, emitter, beam steering mechanism, and
receiver. Furthermore, there are several other factors to consider,
such as wavelength choice and optical system selection, which add
further complexity to the technology choices of lidar.
Despite the numerous options available for each component in a
lidar system, not all technologies have equal opportunities for
commercialization. For example, FMCW is typically used with a
1550nm wavelength, while VCSEL may perform better with flash lidar
beam steering than EEL, and MEMS have more difficulty combining
with FMCW. Even the hardware technology is the result of
complicated sub-technology combinations, and software and system
solutions must also be considered. The rapid development of
different technologies makes the lidar market even more
complicated, presenting challenges and limitations that must be
overcome to unlock the full potential of autonomous vehicles.
Leveraging its extensive expertise across laser physics,
semiconductors, optics, sensors, and transportation, IDTechEx has
unveiled a comprehensive report that delves into the global 3D
LiDAR technology landscape and market dynamics. The report offers
meticulous analyses of the current market status and provides
tailored forecasts specifically for the automotive industry.
Additionally, insights are extrapolated for potential applications
in industrial automation, robotics, smart cities, security, and
mapping.
One of the report's standout features is its unbiased analysis,
underpinned by primary data sourced through interviews with key
industry players. Drawing on IDTechEx's established track record in
the transport, electronics, and photonics sectors, the report
offers valuable insights for a diverse range of stakeholders.
"Lidar 2024-2034: Technologies, Players, Markets &
Forecasts" serves as a guiding light for industry players,
investors, and technology enthusiasts navigating the complex
terrain of LiDAR technology in automotive applications. With
unparalleled insights into market dynamics, technological
advancements, and future trends, this report is an indispensable
resource for those seeking to stay ahead in the transformative
landscape of automotive LiDAR applications.
To find out more about this IDTechEx report, including
downloadable sample pages, please visit www.IDTechEx.com/Lidar.
For the full portfolio of market research from IDTechEx, please
see www.IDTechEx.com.
About IDTechEx:
IDTechEx provides trusted independent research on emerging
technologies and their markets. Since 1999, we have been
helping our clients to understand new technologies, their supply
chains, market requirements, opportunities and forecasts. For more
information, contact research@IDTechEx.com or
visit www.IDTechEx.com.
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SOURCE IDTechEx