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The global automotive LiDAR sensors market size is estimated to grow by USD 693.6 million, at a CAGR of 22.08% between 2023 and 2028. The rapid advancements in autonomous vehicle technology, the pivotal role of LiDAR sensors in Advanced Driver Assistance Systems (ADAS), and the development of more versatile solid-state LiDAR sensors are reshaping the automotive industry. These factors collectively drive innovation and progress toward safer and more efficient transportation solutions. With continuous developments in autonomous vehicle technology, the prospect of fully self-driving vehicles becomes increasingly feasible, revolutionizing mobility and transportation systems. LiDAR systems play a crucial role in enabling ADAS by providing real-time, high-resolution 3D mapping of the vehicle's surroundings, enhancing situational awareness, and enabling autonomous decision-making. The emergence of solid-state LiDAR sensors offers greater versatility and reliability, enabling more widespread adoption and integration into vehicles of varying sizes and types. As these technologies continue to advance, they hold the potential to transform the way we commute and interact with transportation systems, ushering in a new era of mobility and safety. The market forecast report also includes an in-depth analysis of drivers, trends, and challenges.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Technology
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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