Pune, India -- (SBWIRE) -- 03/05/2018 -- China automotive LiDAR sensor market, by type (can 360 probe and can't 360 probe), application (commercial cars and passenger cars), - forecast till 2025
Market Overview
LiDAR is an instrument to measure the contour and shape of the environment and ground. It recoils a laser beat off a target and measures the time each pulse traveled. This science is based on physics of optics and light, and measuring wavelengths in nanoseconds. The technology has taken the auto world to a new level by providing the gears needed for safe navigation. The sensors are widely used to mechanize driving of vehicles through hindrance detection and avoidance, which enable safe navigation.
The technique has gained wide acceptance in self-driving and autonomous applications as a vital component in, driven mainly by a decrease in price. Key Tier I players and OEMs are coming up with such technologies which are anticipated to boost the sales of the sensors. Also, the move towards Levels 3, 4, and advanced 5 vehicles, this automation will surely influence the progression of these automotive sensors market which is anticipated to deploy self-driving abilities in the vehicles. Moreover, the evolving V2X connectivity will play a noteworthy role in achieving self-driving and will increase the acceptance of ADAS and therefore LiDAR sensors in vehicles. The high price of the technology and government regulation on the use of sensor and automated cars are some of the factors that are expected to restrain the market growth. At the same time the new driving practices with semi-autonomous techniques such as new mobility experiences and ADAS with self-driving technologies are providing huge growth prospects for the companies in this market.
Segmentation
The China automotive LiDAR Sensors market is segmented on the basis of types, and applications;
On the basis of types, the market is segmented into can 360 probe and can't 360 probe. The Can't 360 probe accounts for approx. 72% of the market share.
On the basis of application, the China automotive LiDAR Sensors market is segmented into commercial cars and passengers cars. Passenger's cars segment commands more than 90% share of the China automotive LiDAR Sensors market.
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Regional Analysis
North China accounts for the largest market share in 2016. The move towards self-driving cars is relentless and China as the world's largest auto market and a leader in internet technologies wants to be at the cutting edge of this revolution. That self-driving cars is a huge potential market seems clear. Advanced Driver Assistance Systems (ADAS) market along with market for sensors used in ADAS is set to grow multifold in the forecast period. This growth is mostly driven by advances in sensors technology that can be combined to provide better automated driving and includes aftermarket ADAS solutions for existing vehicles.
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Key Market Players
Quanergy, Velodyne LiDAR Inc., Continental AG, LeddarTech, Inc., Facet Technologies, and TriLumina.
Segmentation
By Types
- Can 360 Probe
- Can't 360 Probe
By Application
- Commercial Cars
- Passenger Cars
Geography
China
- South China
- East China
- Southwest China
- Northeast China
- North China
- Northwest China
- Central China
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