Friday, 28 August 2020

Automotive LiDAR Market to Witness Tremendous Growth and Expansion by 2024

 Some Recent Developments

In June 2020, LeddarTech along with STMicroelectronics, is working on a new LiDAR evaluation kit. The evaluation kit will demonstrate technical concepts and offer development capabilities in a functional LiDAR for automotive Tier 1-2 suppliers and industrial system integrators to develop a LiDAR solution based on LeddarEngine technology. This kit will include ST’s MEMS mirror-based laser-beam scanning solutions along with technologies, products, and services from other LeddarTech ecosystem partners. This collaboration fastracks the strides industries are taking to increase the speed in volume deployment for Advanced Driver Assistance Systems, Autonomous Driving, and Industrial Applications.

In March 2020, Blickfield concluded its series A financing, which was led by the venture capital unit of Continental together with Wachstumsfonds Bayern, which is managed by Bayern Kapital, with participation of the existing investors Fluxunit – OSRAM Ventures, High-Tech Gründerfonds, TEV (Tengelmann Ventures) and Unternehmertum Venture Capital Partners. Blickfeld will use the new financial resources to ramp up production, qualify its LiDAR sensors for the automotive market and strengthen the application development and sales teams for industrial markets. This vision is actually very helpful for the development of the automotive usage of LiDAR technology in the coming years, boosting the growth of automotive LiDAR market.

In June 2019, Velodyne LiDAR acquired the mapping expert and best in the business, Mapper.ai, to accelerate the development of LiDAR based ADAS technology.  In addition to ADAS, Velodyne will also incorporate Mapper technology into lidar-centric solutions for other emerging applications, including connected and autonomous vehicles (CAVs), last-mile delivery services, security, smart cities, smart agriculture, robotics, and unmanned aerial vehicles. The acquired Mapper technology will enable Velodyne to accelerate the development of its Vella software that operates in conjunction with its directional view Velarray lidar sensor. This acquisition will be very beneficial to company as well as the market in the coming years.

In February 2020, Continental ADAS delivered a new high-resolution 3D flash lidar (HFL) sensor developed for use at close range – 50 m (164 ft) or less, is capable to paint a precise three-dimensional profile of a vehicle’s surroundings, which is very useful for automated driving. This is automotive grade and solid state, meaning no moving parts. It’s a bunch of semiconductors, which is ideal for commercial vehicle and even more so for the off-highway environment – they don’t have a lot of hours [of operation] but their environments can be pretty rigorous. This technology will drive demands from these sections of consumers in high rate.

In January 2020, Silicon Valley-based lidar company Velodyne announced its new compact lidar sensor called the Velabit at CES. The new sensor is a low cost lidar for developers of self-driving vehicles and other autonomous machines. Velabit lidar sensor advances the company's mission to make high-quality 3D lidar sensors accessible to startups working on self-driving cars and other autonomous technology. Its compactness, high performance and inexpensive nature, makes it a product highly sought after, leading to higher demands in the market.

In April 2020, Velodyne Lidar, Inc.  announced a three-year agreement with EasyMile, a global leader in driverless technology and smart vehicle solutions. EasyMile uses Velodyne lidar sensors in production of its EZ10 autonomous passenger shuttles that are deployed on public and private roads in more than 30 countries around the world. Growing adoption of EasyMile all over the world has great significance as, it will also boost the demand for LiDAR technology used in its vehicle provided by the Velodyne. This agreement hasa potential to boost the growth rate of automotive LiDAR market to a new high.

Want to Access Research Report of Automotive LiDAR Market Click the Link Below

http://www.grandviewresearch.com/industry-analysis/automotive-lidar-market

In later half of 2017, Velodyne announced the solid-state automotive Velarray LiDAR ranging system in test kits, which helped automotive consumers make important changes boosting the efficiency. With the Velarray sensor, which can be seamlessly embedded in both autonomous vehicles and advanced driver-assist safety (ADAS) systems, Velodyne LiDAR again sets the industry standard for image quality and functionality delivered in smaller, more cost-effective form factors. The Velarray enables not only fully autonomous vehicles, but also ADAS systems such as adaptive cruise control, while at the same time providing a miniature form factor and mass production target prices, leading to increased popularity all over.

In August 2016, ZF Friedrichsafen acquired 40% of Ibeo Automotive systems and joined in the biggies such as Denso, Velodyne and others in the automotive LiDAR market. This is definitely a smart move from ZF as the sensor fusion technology was what was missing from ZF’s existing sensor portfolio. Ibeo has already proven themselves with a highlight project “Lux Fusion” lidar scanners where they worked with BMW on the “Connected Drive 5” series vehicle in 2013, making it an established organization in the market. This will definitely be beneficial for Ibeo and ZF, along with the automotive LiDAR market.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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