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Automotive LiDAR Market Insights | Demand and SWOT Analysis | Forecast To 2024

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anjali varma
Automotive LiDAR Market Insights | Demand and SWOT Analysis | Forecast To 2024

10 Oct 2018 – This report studies Automotive LiDAR Market Globally with SWOT analysis, Market Share, Segmentation, Insights, Growth, Application, Trends, Production, Revenue and Consumption analysis in these regions, forecast to 2024.

The market is subject to witness a substantial growth due to the increasing demand for advanced safety features in both lightweight and heavyweight vehicles, and mandatory administrative regulations for incorporation of safety measures such as AEB braking systems installations, majorly in the developed economies such as U.S. and the UK.

High-end demand for automation in booming automobile industry at various levels of vehicle production is expected to draw huge investment from industry participants, thereby propelling market growth across the globe in the years to come. LiDAR or LADAR is widely accepted surveying method that determines target distance by exemplifying the target area with pulsed laser light. The stringent government laws & regulation in regards to incorporation of safety systems in a vehicle is critical factor for market growth, in the recent years.

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anjali varma
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