Solid-State LiDAR Market (Updated Version Available)

Solid state LiDAR is gaining traction as a promising technology that is cheaper, faster, and provides higher resolution than traditional LiDAR, with predictions that its price range could eventually hundreds of dollars per unit.
Globally, some enterprises, like Velodyne, Quanergy, LeddarTech, etc. are well-known for the wonderful performance of their Solid-State LiDAR and related services. At the same time, Europe, will be occupied 48% sales market share in 2021, is remarkable in the global Solid-State LiDAR industry because of their market share and technology status of Solid-State LiDAR.
The consumption volume of Solid-State LiDAR is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Solid-State LiDAR industry may not keep that fast. But it is surely forecasted that the market of Solid-State LiDAR is still promising.
The Solid-State LiDAR market was valued at 990 Million US$ in 2020 and is projected to reach 7330 Million US$ by 2026, at a CAGR of 28.5% during the forecast period. In this study, 2020 has been considered as the base year and 2021 to 2026 as the forecast period to estimate the market size for Solid-State LiDAR.

This report covers the present status and the future prospects of the global Solid-State LiDAR market for 2015-2026.
The report offers detailed coverage of Solid-State LiDAR industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Solid-State LiDAR by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].

Key Companies
Velodyne, Quanergy, LeddarTech, ABAX Sensing, Ibeo, Trilumina, Innoviz, Strobe, Aeye, TetraVue, Continental AG, Xenomatix, Imec, Robosense, Genius Pro, Benewake, Hesai

Market Segment as follows:
Market by Order Type

MEMS Based Scanning
Phase Array
Non-Scanning Flash
Solid-State LiDAR Breakdown Data by Application
Automotive
Industrial
Security

Solid-State LiDAR market while maintaining their competitive edge over their competitors. The report offers detailed and crucial information to understand the overall market scenario.

By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Solid-State LiDAR market for the forecast period 2021 - 2026?
• What are the driving forces in the Solid-State LiDAR market for the forecast period 2021 - 2026?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Solid-State LiDAR industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?

Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.