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Market Players and Competition: The automotive LiDAR market has seen the emergence of numerous companies offering various types of LiDAR solutions, including solid-state, mechanical, and hybrid LiDAR systems. The automotive LiDAR market has seen the emergence of numerous companies offering various types of LiDAR solutions, including solid-state, mechanical, and hybrid LiDAR systems. Key Takeaways from the Market StudyIn 2020, the automotive LiDAR market stood at a valuation of US$ 430 million. Increasing demand for autonomous vehicles, rapid technological advancements, and rising demand for safety in automotive will majorly propel automotive LiDAR market potential. Key Segments Covered in Automotive LiDAR Industry ResearchAutomotive LiDAR Market by Technology :Solid-state LiDARMechanical/Scanning LiDARby Location :Roofs & Upper PillarsHeadlights & TaillightsBumpers & Grillsby Image Projection :2D Automotive LiDAR3D Automotive LiDARby Range Type :Short & Mid-range Automotive LiDARLong-range Automotive LiDARby Vehicle Type :IC Engine VehiclesHybrid Electric Vehicles (HEVs)Plug-in Hybrid Electric Vehicles (PHEVs)Battery Electric Vehicles (BEVs)by Application :Semi-autonomousAutonomousby Region :North America Automotive LiDAR MarketLatin America Automotive LiDAR MarketEurope Automotive LiDAR MarketEast Asia Automotive LiDAR MarketSouth Asia & Oceania Automotive LiDAR MarketMEA Automotive LiDAR MarketChallenges: Cost: While LiDAR technology has improved, price remains a significant factor.