Europe Automotive LiDAR System-on-Chip (SoC) Market Report 2024-2033: Surge in Investments and Funding in Startups for R&D Activities Driving Growth

News provided by

Feb 02, 2024, 12:15 ET

DUBLIN, Feb. 2, 2024 /PRNewswire/ -- The "Europe Automotive LiDAR System-on-Chip (SoC) Market: Analysis and Forecast, 2024-2033" report has been added to ResearchAndMarkets.com's offering.

The Europe automotive LiDAR system-on-chip (SoC) market (excluding U.K.) is expected to be valued at $6.6 million, which is anticipated to grow at a CAGR of 23.47% and reach $44.0 million

The automotive LiDAR system-on-chip (SoC) market is poised for growth, propelled by technological advancements in autonomous vehicles, widespread deployment of LiDARs in highly automated vehicles, substantial progress in automotive LiDAR research and development (R&D) enhancing system features, and an expected reduction in LiDAR manufacturing costs with the commencement of mass production.

The Europe Automotive LiDAR System-on-Chip (SoC) market is witnessing strong growth due to the increased incorporation of LiDAR technology in autonomous vehicles. Technological advancements in LiDAR systems, particularly in SoCs, are driving innovation in the automotive industry. The region is experiencing a surge in research and development efforts aimed at improving LiDAR features to enhance safety and efficiency in autonomous driving applications.

The widespread utilization of LiDARs in highly automated vehicles further contributes to market expansion. Anticipated reductions in LiDAR manufacturing costs, resulting from mass production, enhance the market's competitiveness. With Europe leading in the adoption of autonomous driving technologies, the Automotive LiDAR SoC market in the region is positioned for sustained growth, providing advanced solutions for the evolving automotive landscape.

How can this report add value to an organization?

Product/Innovation Strategy

Increasing demand for safety and autonomy is pushing the consumption of automotive LiDAR system-on-chip (SoC). Therefore, the automotive LiDAR system-on-chip business is a high-investment and high-revenue generating model.

The product segment helps the reader understand the different applications of the automotive LiDAR system-on-chip (SoC) products available based on vehicle type (passenger cars, commercial vehicles, and robo taxis), propulsion type (electric vehicles, internal combustion engine vehicles), level of autonomy (semi-autonomous, fully autonomous), range type (short-to-medium range LiDAR and medium-to-long range LiDAR), and perception type (2D and 3D, and 4D).

Growth/Marketing Strategy

The Europe automotive LiDAR system-on-chip (SoC) market will be an exponentially growing market holding enormous opportunities for the market players. Some strategies covered in this segment are product launches, market developments, partnerships and collaborations, business expansions, and investments.

The companies' preferred strategy has been product development and partnerships and collaborations for the mass production of products, which enable them to strengthen their positions in the Europe automotive LiDAR system-on-chip (SoC) market.

Competitive Strategy

Key players in the Europe automotive LiDAR system-on-chip (SoC) market analyzed and profiled in the study involve automotive LiDAR system-on-chip (SoC) manufacturers, automotive LiDAR manufacturers, and autonomous vehicle manufacturers.

Moreover, a detailed competitive benchmarking of the players operating in the Europe automotive LiDAR system-on-chip (SoC) market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Key Market Players and Competition Synopsis

Scantinel
Volkswagen AG
BMW Group

Key Topics Covered:

Executive Summary

Scope of the Study

1 Markets
1.1 Industry Outlook
1.1.1 Overview: LiDAR System-on-Chip (SoC)
1.1.2 Trends: Current and Future
1.1.2.1 4D LiDAR Technology
1.1.2.2 Ongoing Efforts by the Industry Players
1.1.2.3 LiDAR System-on-Chip with On-Chip Signal Processing
1.1.3 Supply Chain Network/MAP
1.1.4 Ecosystem/Ongoing Programs
1.1.4.1 Consortiums, Associations, and Regulatory Bodies
1.1.4.2 Government Initiatives
1.1.4.3 Programs by Research Institutions and Universities
1.1.5 Key Patent Mapping
1.1.5.1 Analyst View
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Rapid Technological Advancement in LiDAR in the Automotive Industry
1.2.1.2 Surge in Investments and Funding in LiDAR System-on-Chip Manufacturing Startups for R&D Activities
1.2.1.3 Cost-Effectiveness of LiDAR System-on-Chip
1.2.1.4 Growing Demand for the Miniaturization of Products
1.2.2 Business Restraints
1.2.2.1 Growing Complexity in Integrating All the Components on a Chip Due to Lack of Knowledge
1.2.2.2 Constant Review of Regulatory Policies on Standardization of Chips
1.2.2.3 Semiconductor Shortage Effect
1.2.3 Business Strategies
1.2.3.1 Product Development
1.2.3.2 Market Development
1.2.4 Corporate Strategies
1.2.4.1 Mergers and Acquisitions
1.2.4.2 Partnerships, Joint Ventures, Collaborations, and Alliances
1.2.5 Business Opportunities
1.2.5.1 Growing Trend for the Development of Autonomous Vehicles
1.2.5.2 Manufacturing LiDAR System-on-Chip at Scale
1.2.5.3 Deployment of LiDAR System-on-Chip in Other Applications such as Robotics and Industrial Automation
1.3 LiDAR System-on-Chip (SoC) Architecture and Fabrication
1.3.1 Software and Hardware Systems for LiDAR System-on-Chip (SoC) Industry
1.4 Emerging Applications in LiDAR System-on-Chip (SoC) Industry
1.4.1 Industrial Automation
1.4.2 Robotics
1.4.3 Others
1.5 Measurement Process in LiDAR System-on-Chip (SoC) Industry
1.5.1 Time of Flight (ToF)
1.5.2 Frequency Modulated Continuous Wave (FMCW)
1.6 Impact of COVID-19 on the Industry

2 Regions
2.1 Europe
2.1.1 Market
2.1.1.1 Buyer Attributes
2.1.1.2 Key Manufacturers of Automotive LiDAR in Europe
2.1.1.3 Competitive Benchmarking
2.1.1.4 Business Challenges
2.1.1.5 Business Drivers
2.1.2 Application
2.1.2.1 Europe Automotive LiDAR System-on-Chip (SoC) Market (by Vehicle Type), Value and Volume Data, 2024-2033
2.1.2.2 Europe Automotive LiDAR System-on-Chip (SoC) Market (by Propulsion Type), Value and Volume Data, 2024-2033
2.1.2.3 Europe Automotive LiDAR System-on-Chip (SoC) Market (by Level of Autonomy), Value and Volume Data, 2024-2033
2.1.3 Product
2.1.3.1 Europe Automotive LiDAR System-on-Chip (SoC) Market (by Range Type), Value and Volume Data, 2024-2033
2.1.3.2 Europe Automotive LiDAR System-on-Chip (SoC) Market (by Perception Type), Value and Volume Data, 2024-2033
2.1.4 Europe: Country-Level Analysis
2.1.4.1 Germany
2.1.4.2 France
2.1.4.3 Italy
2.1.4.4 Rest-of-Europe
2.2 U.K.

3 Markets - Competitive Benchmarking & Company Profiles
3.1 Competitive Benchmarking
3.2 Market Ranking Analysis
3.3 Company Profiles
3.3.1 Type 1 Companies: Automotive LiDAR System-on-Chip (SoC) Manufacturers
3.3.1.1 Scantinel
3.3.1.1.1 Company Overview
3.3.1.1.1.1 Role of Scantinel in the Automotive LiDAR System-on-Chip (SoC) Market
3.3.1.1.1.2 Product Portfolio
3.3.1.1.2 Business Strategies
3.3.1.1.2.1 Scantinel: Product Development
3.3.1.1.3 Analyst View
3.3.2 Type 3 Companies: Autonomous Vehicle Manufacturers
3.3.2.1 Volkswagen AG
3.3.2.1.1 Company Overview
3.3.2.1.1.1 Role of Volkswagen AG in the Automotive LiDAR System-on-Chip (SoC) Market
3.3.2.1.2 Corporate Strategies
3.3.2.1.2.1 Volkswagen AG: Partnerships, Joint Ventures, Collaborations, and Alliances
3.3.2.1.3 Production Sites and R&D Analysis
3.3.2.1.4 Analyst View
3.3.2.2 BMW Group
3.3.2.2.1 Company Overview
3.3.2.2.1.1 Role of BMW Group in the Automotive LiDAR System-on-Chip (SoC) Market
3.3.2.2.2 Production Sites and R&D Analysis
3.3.2.2.3 Analyst View

4 Research Methodology

For more information about this report visit https://www.researchandmarkets.com/r/bfdej7

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets