China to Lead the Automotive LiDAR Market Amidst Increasing Investments in the Automotive Industry
In its latest report, Fact.MR presents an elaborate analysis of various factors influencing the global automotive LiDAR market including drivers, opportunities, restraints, and trends. It further delves deeper into observations concerning prominent expansion parameters prevailing across key segments, including products and regions.
NEW YORK, May 17, 2022 /PRNewswire/ — The global automotive LiDAR market expected to reach a valuation of US$ 3 Bn by 2031, with sales growing at a 19.5% CAGR over the assessment period. Increasing sales of self-driving cars are expected to boost sales. These systems are required in advanced driver assistance systems and collision warning systems to fulfil the requirements of a safe and intelligent car to make driving an immersive experience.
Advancements in technology is a mainstay in all industries and automotive LiDAR market is witnessing rapid technological advancements. Hence, modern