Automotive LiDAR Sensor Market Growth Report and Size by 2031
The Automotive LiDAR Sensor Market is expected to register a CAGR of 40.5% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
Automotive LiDAR Sensor market report covers key segments as -image type, applications, and technology.Market dynamics, regional analysis, and growth forecast from 2021 to 2031 are also covered, along with a competitive landscape analysis of the market leader and their innovations, while simply highlighting the current trends to give stakeholders a strategic edge in the areas of investment and development of autonomous vehicle technologies.
Purpose of the ReportThe report Automotive LiDAR Sensor Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Automotive LiDAR Sensor Market Segmentation
Technology- Solid-State LiDAR
- Mechanical LiDAR
- 2D
- 3D
- Autonomous Vehicle
- Semi-Autonomous Vehicle
- ICE
- HEV
- PHEV
- Battery Electric
- ICE
- HEV
- PHEV
- Battery Electric
Strategic Insights
Automotive LiDAR Sensor Market Growth Drivers- Continued Automotive Inovation: The whole automotive industry is eager for autonomous vehicles and assistive technologies. Automotive companies are innovating by creating ADAS technologies with more variety of new and economical sensors. In order to provide an accommodating vehicle safety solution, ADAS systems must rely less on merely vision and RADAR based systems. They will however, require more efficient systems to provide superior quality data to assist the drivers.
- Introduction of self-driving EVs: The latest application of LiDAR is driven by the increasing trend in the automotive industry which includes self-driving (drones) and electric vehicles. These cars are heavily relying on LiDAR sensors to create enormous 3D maps in all directions from around the vehicle, for better 360 degrees vision and for accurate information needed for self-navigation and object detection.
- application of LIDAR: The introduction of the LiDAR technology ensures that companies such as Leddartech, Quantum Spatial, Geodigital, Topcon Positioning Systems, Innoviz Technologies and many others who have found new business ideas and are daily creating new innovations will continue to grow. For instance, the German car parts manufacturer Continental AG last year announced an investment into AEye, a trailblazer in robotic vision and sensor technology with a view of growing its LiDAR technology portfolio.
- ADAS likely to hold major market share: The major share of the market is likely to be held by ADAS. The ADAS has 5 different levels of automation, Level 0 being completely reliant on human input or level 5 being complete autonomy. Also, the most effective ones are Level 3, 4, and 5 autonomous cars, and their LIDARs are continuously implemented in the vehicles.
- Growing Demand for High-Precision Mapping: LiDAR sensors are vital for creating accurate 3D maps that are essential for autonomous vehicles and advanced navigation systems.
- Integration with Advanced Driver Assistance Systems (ADAS): As ADAS features like lane-keeping assistance, adaptive cruise control, and emergency braking become more prevalent, LiDAR sensors are increasingly being integrated into these systems.
- Development of autonomous cars: The Automotive LiDAR Sensor market holds great opportunities because of various factors which includes development in automation vehicle technology, increasing demand for proprietary and safety features for smart transportation systems etc. The development of autonomous cars has gained an intrest from automotive companies and technology advancements and the same has created an enormous need for such LiDAR technology as the same is very crucial as it provides real-time information.
- Increased Investment in Smart Cities and Infrastructure: LiDAR sensors are also finding applications beyond vehicles, especially in smart city development and infrastructure management.
- Partnerships and Collaborations in the Autonomous Vehicle Ecosystem: Partnerships between automakers, technology companies, and sensor manufacturers are becoming a prominent opportunity in the LiDAR sensor market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Automotive LiDAR Sensor Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Automotive LiDAR Sensor Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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Frequently Asked Questions
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
Leading companies in this market are - Continental AG, Delphi Automotive PLC, Infineon Technologies AG, Innoviz Technologies Ltd, Leddartech Inc, Luminar Technologies Inc, Quanergy Systems Inc, Texas Instruments Incorporated, Velodyne Lidar Inc
One obvious trend is a rapid miniaturisation of LiDAR sensors that will make this technology far more affordable and allowing for much simpler integration with vehicles. Another trend is the development of robust solid-state LiDAR technology for enhanced reliability and lower maintenance needs.
The market is expected to register a CAGR of 40.5% during 2023-2031.
The fact that autonomous vehicles and more advanced driver-assistance systems (ADAS) are being demanded at a faster pace now has much to do with the rapid growth of the automotive LiDAR sensor market. Safety regulations and consumer preference for increased safety are another important instance.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Automotive LiDAR Sensor Market - By Technology
1.3.2 Automotive LiDAR Sensor Market - By Image Type
1.3.3 Automotive LiDAR Sensor Market - By Application
1.3.4 Automotive LiDAR Sensor Market - By Vehicle Type
1.3.5 Automotive LiDAR Sensor Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTOMOTIVE LIDAR SENSOR MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AUTOMOTIVE LIDAR SENSOR MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. AUTOMOTIVE LIDAR SENSOR MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMOTIVE LIDAR SENSOR - GLOBAL MARKET OVERVIEW
6.2. AUTOMOTIVE LIDAR SENSOR - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AUTOMOTIVE LIDAR SENSOR MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
7.1. OVERVIEW
7.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3. SOLID-STATE LIDAR
7.3.1. Overview
7.3.2. Solid-State LiDAR Market Forecast and Analysis
7.4. MECHANICAL LIDAR
7.4.1. Overview
7.4.2. Mechanical LiDAR Market Forecast and Analysis
8. AUTOMOTIVE LIDAR SENSOR MARKET - REVENUE AND FORECASTS TO 2028 - IMAGE TYPE
8.1. OVERVIEW
8.2. IMAGE TYPE MARKET FORECASTS AND ANALYSIS
8.3. 2D
8.3.1. Overview
8.3.2. 2D Market Forecast and Analysis
8.4. 3D
8.4.1. Overview
8.4.2. 3D Market Forecast and Analysis
9. AUTOMOTIVE LIDAR SENSOR MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. AUTONOMOUS VEHICLE
9.3.1. Overview
9.3.2. Autonomous Vehicle Market Forecast and Analysis
9.4. SEMI-AUTONOMOUS VEHICLE
9.4.1. Overview
9.4.2. Semi-Autonomous Vehicle Market Forecast and Analysis
10. AUTOMOTIVE LIDAR SENSOR MARKET - REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
10.1. OVERVIEW
10.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
10.3. ICE
10.3.1. Overview
10.3.2. ICE Market Forecast and Analysis
10.4. HEV
10.4.1. Overview
10.4.2. HEV Market Forecast and Analysis
10.5. PHEV
10.5.1. Overview
10.5.2. PHEV Market Forecast and Analysis
10.6. BATTERY ELECTRIC
10.6.1. Overview
10.6.2. Battery Electric Market Forecast and Analysis
11. AUTOMOTIVE LIDAR SENSOR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Automotive LiDAR Sensor Market Overview
11.1.2 North America Automotive LiDAR Sensor Market Forecasts and Analysis
11.1.3 North America Automotive LiDAR Sensor Market Forecasts and Analysis - By Technology
11.1.4 North America Automotive LiDAR Sensor Market Forecasts and Analysis - By Image Type
11.1.5 North America Automotive LiDAR Sensor Market Forecasts and Analysis - By Application
11.1.6 North America Automotive LiDAR Sensor Market Forecasts and Analysis - By Vehicle Type
11.1.7 North America Automotive LiDAR Sensor Market Forecasts and Analysis - By Countries
11.1.7.1 United States Automotive LiDAR Sensor Market
11.1.7.1.1 United States Automotive LiDAR Sensor Market by Technology
11.1.7.1.2 United States Automotive LiDAR Sensor Market by Image Type
11.1.7.1.3 United States Automotive LiDAR Sensor Market by Application
11.1.7.1.4 United States Automotive LiDAR Sensor Market by Vehicle Type
11.1.7.2 Canada Automotive LiDAR Sensor Market
11.1.7.2.1 Canada Automotive LiDAR Sensor Market by Technology
11.1.7.2.2 Canada Automotive LiDAR Sensor Market by Image Type
11.1.7.2.3 Canada Automotive LiDAR Sensor Market by Application
11.1.7.2.4 Canada Automotive LiDAR Sensor Market by Vehicle Type
11.1.7.3 Mexico Automotive LiDAR Sensor Market
11.1.7.3.1 Mexico Automotive LiDAR Sensor Market by Technology
11.1.7.3.2 Mexico Automotive LiDAR Sensor Market by Image Type
11.1.7.3.3 Mexico Automotive LiDAR Sensor Market by Application
11.1.7.3.4 Mexico Automotive LiDAR Sensor Market by Vehicle Type
11.2. EUROPE
11.2.1 Europe Automotive LiDAR Sensor Market Overview
11.2.2 Europe Automotive LiDAR Sensor Market Forecasts and Analysis
11.2.3 Europe Automotive LiDAR Sensor Market Forecasts and Analysis - By Technology
11.2.4 Europe Automotive LiDAR Sensor Market Forecasts and Analysis - By Image Type
11.2.5 Europe Automotive LiDAR Sensor Market Forecasts and Analysis - By Application
11.2.6 Europe Automotive LiDAR Sensor Market Forecasts and Analysis - By Vehicle Type
11.2.7 Europe Automotive LiDAR Sensor Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Automotive LiDAR Sensor Market
11.2.7.1.1 Germany Automotive LiDAR Sensor Market by Technology
11.2.7.1.2 Germany Automotive LiDAR Sensor Market by Image Type
11.2.7.1.3 Germany Automotive LiDAR Sensor Market by Application
11.2.7.1.4 Germany Automotive LiDAR Sensor Market by Vehicle Type
11.2.7.2 France Automotive LiDAR Sensor Market
11.2.7.2.1 France Automotive LiDAR Sensor Market by Technology
11.2.7.2.2 France Automotive LiDAR Sensor Market by Image Type
11.2.7.2.3 France Automotive LiDAR Sensor Market by Application
11.2.7.2.4 France Automotive LiDAR Sensor Market by Vehicle Type
11.2.7.3 Italy Automotive LiDAR Sensor Market
11.2.7.3.1 Italy Automotive LiDAR Sensor Market by Technology
11.2.7.3.2 Italy Automotive LiDAR Sensor Market by Image Type
11.2.7.3.3 Italy Automotive LiDAR Sensor Market by Application
11.2.7.3.4 Italy Automotive LiDAR Sensor Market by Vehicle Type
11.2.7.4 United Kingdom Automotive LiDAR Sensor Market
11.2.7.4.1 United Kingdom Automotive LiDAR Sensor Market by Technology
11.2.7.4.2 United Kingdom Automotive LiDAR Sensor Market by Image Type
11.2.7.4.3 United Kingdom Automotive LiDAR Sensor Market by Application
11.2.7.4.4 United Kingdom Automotive LiDAR Sensor Market by Vehicle Type
11.2.7.5 Russia Automotive LiDAR Sensor Market
11.2.7.5.1 Russia Automotive LiDAR Sensor Market by Technology
11.2.7.5.2 Russia Automotive LiDAR Sensor Market by Image Type
11.2.7.5.3 Russia Automotive LiDAR Sensor Market by Application
11.2.7.5.4 Russia Automotive LiDAR Sensor Market by Vehicle Type
11.2.7.6 Rest of Europe Automotive LiDAR Sensor Market
11.2.7.6.1 Rest of Europe Automotive LiDAR Sensor Market by Technology
11.2.7.6.2 Rest of Europe Automotive LiDAR Sensor Market by Image Type
11.2.7.6.3 Rest of Europe Automotive LiDAR Sensor Market by Application
11.2.7.6.4 Rest of Europe Automotive LiDAR Sensor Market by Vehicle Type
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Automotive LiDAR Sensor Market Overview
11.3.2 Asia-Pacific Automotive LiDAR Sensor Market Forecasts and Analysis
11.3.3 Asia-Pacific Automotive LiDAR Sensor Market Forecasts and Analysis - By Technology
11.3.4 Asia-Pacific Automotive LiDAR Sensor Market Forecasts and Analysis - By Image Type
11.3.5 Asia-Pacific Automotive LiDAR Sensor Market Forecasts and Analysis - By Application
11.3.6 Asia-Pacific Automotive LiDAR Sensor Market Forecasts and Analysis - By Vehicle Type
11.3.7 Asia-Pacific Automotive LiDAR Sensor Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Automotive LiDAR Sensor Market
11.3.7.1.1 Australia Automotive LiDAR Sensor Market by Technology
11.3.7.1.2 Australia Automotive LiDAR Sensor Market by Image Type
11.3.7.1.3 Australia Automotive LiDAR Sensor Market by Application
11.3.7.1.4 Australia Automotive LiDAR Sensor Market by Vehicle Type
11.3.7.2 China Automotive LiDAR Sensor Market
11.3.7.2.1 China Automotive LiDAR Sensor Market by Technology
11.3.7.2.2 China Automotive LiDAR Sensor Market by Image Type
11.3.7.2.3 China Automotive LiDAR Sensor Market by Application
11.3.7.2.4 China Automotive LiDAR Sensor Market by Vehicle Type
11.3.7.3 India Automotive LiDAR Sensor Market
11.3.7.3.1 India Automotive LiDAR Sensor Market by Technology
11.3.7.3.2 India Automotive LiDAR Sensor Market by Image Type
11.3.7.3.3 India Automotive LiDAR Sensor Market by Application
11.3.7.3.4 India Automotive LiDAR Sensor Market by Vehicle Type
11.3.7.4 Japan Automotive LiDAR Sensor Market
11.3.7.4.1 Japan Automotive LiDAR Sensor Market by Technology
11.3.7.4.2 Japan Automotive LiDAR Sensor Market by Image Type
11.3.7.4.3 Japan Automotive LiDAR Sensor Market by Application
11.3.7.4.4 Japan Automotive LiDAR Sensor Market by Vehicle Type
11.3.7.5 South Korea Automotive LiDAR Sensor Market
11.3.7.5.1 South Korea Automotive LiDAR Sensor Market by Technology
11.3.7.5.2 South Korea Automotive LiDAR Sensor Market by Image Type
11.3.7.5.3 South Korea Automotive LiDAR Sensor Market by Application
11.3.7.5.4 South Korea Automotive LiDAR Sensor Market by Vehicle Type
11.3.7.6 Rest of Asia-Pacific Automotive LiDAR Sensor Market
11.3.7.6.1 Rest of Asia-Pacific Automotive LiDAR Sensor Market by Technology
11.3.7.6.2 Rest of Asia-Pacific Automotive LiDAR Sensor Market by Image Type
11.3.7.6.3 Rest of Asia-Pacific Automotive LiDAR Sensor Market by Application
11.3.7.6.4 Rest of Asia-Pacific Automotive LiDAR Sensor Market by Vehicle Type
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Automotive LiDAR Sensor Market Overview
11.4.2 Middle East and Africa Automotive LiDAR Sensor Market Forecasts and Analysis
11.4.3 Middle East and Africa Automotive LiDAR Sensor Market Forecasts and Analysis - By Technology
11.4.4 Middle East and Africa Automotive LiDAR Sensor Market Forecasts and Analysis - By Image Type
11.4.5 Middle East and Africa Automotive LiDAR Sensor Market Forecasts and Analysis - By Application
11.4.6 Middle East and Africa Automotive LiDAR Sensor Market Forecasts and Analysis - By Vehicle Type
11.4.7 Middle East and Africa Automotive LiDAR Sensor Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Automotive LiDAR Sensor Market
11.4.7.1.1 South Africa Automotive LiDAR Sensor Market by Technology
11.4.7.1.2 South Africa Automotive LiDAR Sensor Market by Image Type
11.4.7.1.3 South Africa Automotive LiDAR Sensor Market by Application
11.4.7.1.4 South Africa Automotive LiDAR Sensor Market by Vehicle Type
11.4.7.2 Saudi Arabia Automotive LiDAR Sensor Market
11.4.7.2.1 Saudi Arabia Automotive LiDAR Sensor Market by Technology
11.4.7.2.2 Saudi Arabia Automotive LiDAR Sensor Market by Image Type
11.4.7.2.3 Saudi Arabia Automotive LiDAR Sensor Market by Application
11.4.7.2.4 Saudi Arabia Automotive LiDAR Sensor Market by Vehicle Type
11.4.7.3 U.A.E Automotive LiDAR Sensor Market
11.4.7.3.1 U.A.E Automotive LiDAR Sensor Market by Technology
11.4.7.3.2 U.A.E Automotive LiDAR Sensor Market by Image Type
11.4.7.3.3 U.A.E Automotive LiDAR Sensor Market by Application
11.4.7.3.4 U.A.E Automotive LiDAR Sensor Market by Vehicle Type
11.4.7.4 Rest of Middle East and Africa Automotive LiDAR Sensor Market
11.4.7.4.1 Rest of Middle East and Africa Automotive LiDAR Sensor Market by Technology
11.4.7.4.2 Rest of Middle East and Africa Automotive LiDAR Sensor Market by Image Type
11.4.7.4.3 Rest of Middle East and Africa Automotive LiDAR Sensor Market by Application
11.4.7.4.4 Rest of Middle East and Africa Automotive LiDAR Sensor Market by Vehicle Type
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Automotive LiDAR Sensor Market Overview
11.5.2 South and Central America Automotive LiDAR Sensor Market Forecasts and Analysis
11.5.3 South and Central America Automotive LiDAR Sensor Market Forecasts and Analysis - By Technology
11.5.4 South and Central America Automotive LiDAR Sensor Market Forecasts and Analysis - By Image Type
11.5.5 South and Central America Automotive LiDAR Sensor Market Forecasts and Analysis - By Application
11.5.6 South and Central America Automotive LiDAR Sensor Market Forecasts and Analysis - By Vehicle Type
11.5.7 South and Central America Automotive LiDAR Sensor Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Automotive LiDAR Sensor Market
11.5.7.1.1 Brazil Automotive LiDAR Sensor Market by Technology
11.5.7.1.2 Brazil Automotive LiDAR Sensor Market by Image Type
11.5.7.1.3 Brazil Automotive LiDAR Sensor Market by Application
11.5.7.1.4 Brazil Automotive LiDAR Sensor Market by Vehicle Type
11.5.7.2 Argentina Automotive LiDAR Sensor Market
11.5.7.2.1 Argentina Automotive LiDAR Sensor Market by Technology
11.5.7.2.2 Argentina Automotive LiDAR Sensor Market by Image Type
11.5.7.2.3 Argentina Automotive LiDAR Sensor Market by Application
11.5.7.2.4 Argentina Automotive LiDAR Sensor Market by Vehicle Type
11.5.7.3 Rest of South and Central America Automotive LiDAR Sensor Market
11.5.7.3.1 Rest of South and Central America Automotive LiDAR Sensor Market by Technology
11.5.7.3.2 Rest of South and Central America Automotive LiDAR Sensor Market by Image Type
11.5.7.3.3 Rest of South and Central America Automotive LiDAR Sensor Market by Application
11.5.7.3.4 Rest of South and Central America Automotive LiDAR Sensor Market by Vehicle Type
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. AUTOMOTIVE LIDAR SENSOR MARKET, KEY COMPANY PROFILES
13.1. CONTINENTAL AG
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. DELPHI AUTOMOTIVE PLC
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. INFINEON TECHNOLOGIES AG
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. INNOVIZ TECHNOLOGIES LTD.
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. LEDDARTECH INC.
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. LUMINAR TECHNOLOGIES, INC.
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. QUANERGY SYSTEMS, INC.
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. TEXAS INSTRUMENTS INCORPORATED
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. VELODYNE LIDAR, INC.
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. ZF FRIEDRICHSHAFEN AG
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Continental AG
2. Delphi Automotive PLC
3. Infineon Technologies AG
4. Innoviz Technologies Ltd.
5. Leddartech Inc.
6. Luminar Technologies, Inc.
7. Quanergy Systems, Inc.
8. Texas Instruments Incorporated
9. Velodyne Lidar, Inc.
10. ZF Friedrichshafen AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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