US: Market research firm, Research and Markets, has released the addition of the “Automotive LiDAR Market for ADAS and Automated Driving: Global 2016” report at their disposal, according to which, the automotive LiDAR market is expected to grow above 20% by 2020. The research service discusses LiDAR as a part of the ADAS sensor suite in the future generation of automated passenger vehicles.
With OEMs accepting LiDAR as an integral part of the solution for partial to fully automated vehicles, this study details the type of LiDAR that would be best suited for enabling active safety and automated driving. This study also discusses the market penetration of LiDAR-based solutions in the passenger vehicle market and the OEMs that possess a large revenue potential.
Suppliers catering to participating OEMs have also been compared in order to evaluate which of them is better equipped to cater to OEMs needs. Finally, the price point of a LiDAR solution that could be commercially viable by 2022 is discussed.