Introduction to Asia-Pacific Automotive LiDAR System-on-Chip (SoC) Market
The Asia-Pacific automotive LiDAR system-on-chip (SoC) market (excluding China) is expected to be valued at $3.3 million in 2024, which is anticipated to grow at a CAGR of 28.15% and reach $30.4 million by 2033. Automotive LiDAR system-on-chip (SoC) market growth is anticipated due to the following factors: significant progress in automotive LiDAR research and development (R&D) to enhance the features of the LiDAR system; widespread application of LiDARs in highly automated vehicles; and expected reduction in LiDAR manufacturing costs following the commencement of mass production.

Market Introduction
The Automotive LiDAR System-on-Chip (SoC) is a critical component in the development of autonomous vehicles and has a major impact on the prosperity of automakers and suppliers in the Asia-Pacific (APAC) region. The region’s automotive LiDAR SoC market for autonomous vehicles is expanding primarily because to the increased focus on efficiency and safety. Complying with stringent rules and upholding international and national safety standards emphasizes the significance of LiDAR SoC in the advancement of driverless vehicles. For companies making LiDAR SoC systems, the expected expansion of the autonomous car market offers profitable prospects. The automotive LiDAR SoC market, which is in a boom phase and is expected to thrive throughout the forecast period from, is seeing greater application in both semi-autonomous and completely autonomous vehicles.

Market Segmentation:

Segmentation 1: by Vehicle Type

  • Passenger Cars
  • Commercial Vehicles
  • Robo Taxis


Segmentation 2: by Propulsion Type

  • Electric Vehicles
  • Internal Combustion Engine Vehicles


Segmentation 3: by Level of Autonomy

  • Semi-Autonomous
  • Fully Autonomous


Segmentation 4: by Range Type

  • Short-to-Medium Range LiDAR
  • Medium-to-Long Range LiDAR


Segmentation 5: by Perception Type

  • 2D and 3D
  • 4D


Segmentation 6: by Region

  • China
  • Asia-Pacific and Japan


How can this report add value to an organization?
Product/Innovation Strategy: 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). 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.

Growth/Marketing Strategy: The Asia-Pacific 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 Asia-Pacific automotive LiDAR system-on-chip (SoC) market.

Competitive Strategy: Key players in the Asia-Pacific 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 apac 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.

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