Automotive LiDAR Market Trends, Industry Analysis (2018–2028)
Automated vehicles have several advanced features such as adaptive cruise control, parking assistance, lane departure warning, automated emergency braking, and blindspot detection among others, which can be integrated into an automobile in order to provide a better and safer driving experience. In 2017, the number of ADAS vehicles on the road, either for trial or commercialized, are estimated to be XX units. Fueled by a stringent regulatory environment and increasing consumer interest, this number is expected to grow further and reach around 10 million units on-road by the year 2028.
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ADAS system requires vision and range sensors to accurately map surroundings of the vehicle and detect obstacles present in a close vicinity of the automobile. Some of the key sensors required for mapping the vehicle’s surroundings include cameras, RADARs, ultrasonic sensors, and infrared sensors. These components act as surrounding sensing elements for a vehicle and provide multiple data points to automated systems in real-time, wherein useful information is extracted and is provided to the driver for adequate assistance. It is expected that by the year 2028, more than XX million vehicles (including both passenger cars and commercial vehicles) will be having an inbuilt capability of ADAS systems and automation. However, driverless vehicles work on the input provided by automated systems, therefore, necessitating the need for more accurate and dense data provided to the system. Cameras/RADARs/ultrasonic sensors are unable to meet these sensing requirements due to various operational limitations of these sensors, which in effect, raises the need for the usage of Light Detection and Ranging (LiDARs) for a higher level of automation.
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LiDAR devices use pulsed laser beam in order to calculate the distance of obstacles from any vehicles by emitting laser beams. The distance is measured by analyzing the time taken by the laser pulse to reflect and receive the sensors at receiving end. LiDAR sensors are used to scan the environment with a non-visible and non-harmful laser beam, which is used to visualize objects and measure ranges and create a 3D image of the vehicle’s environment. The LiDAR system requires a laser transmitter and a receiver.
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