/PRNewswire/ The automotive LiDAR sensors market is set to grow by USD 318.57 million, progressing at a CAGR of almost 17% during 2021-2025. The report.
Passenger vehicles are the leading segment in the market.
At what rate is the market projected to grow?
The market is projected to accelerate at a CAGR of almost 3%.
Who are the top players in the market?
AB SKF, BRUSS Sealing Systems GmbH, Dana Inc., Datwyler Holding Inc., ElringKlinger AG, Flowserve Corp., Freudenberg SE, Parker Hannifin Corp., Tenneco Inc., Trelleborg AB are the top players in the market.
What are the key market drivers and challenges?
The market is driven by the increasing demand for silicon rubber gaskets. However, the rising demand for electric vehicles will impede the market growth.
Passenger cars is the leading segment in the market.
At what rate is the market projected to grow?
The market is projected to accelerate at a CAGR of almost 6%.
Who are the top players in the market?
Alfa Laval AB, API Heat Transfer Inc., Dana Inc., DENSO Corp., GEA Group AG, Mahle GmbH, Nippon Light Metal Holdings Co. Ltd., Robert Bosch GmbH, SPX Corp., and Valeo SA are the top players in the market.
What are the key market drivers and challenges?
The market is driven by the heavy dependence on IC engines for mobility in emerging countries. However, the gradual increase in annual wages leading to declining profit margins will impede the market growth.