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In the ever-evolving landscape of automotive technology, the integration of cutting-edge solutions has become paramount to enhancing vehicle security and access control. One such groundbreaking technology making waves in this space is Ultra-Wideband (UWB).

The global ultra-wideband technology-based vehicle access control market was valued at $92.6 million in 2022, which is expected to grow at a CAGR of 17.09% and reach $383.1 million by 2031. The recent surge in the adoption of ultra-wideband technology across developed economies and their growing global awareness is shifting automakers’ focus to equip their upcoming models with ultra-wideband technology-based vehicle access.

It measures the time it takes radio signals to travel between devices to calculate distance and location indoors or outdoors with unprecedented accuracy within a few centimeters. Along with centimeter-level ranging accuracy, emphasis was placed on developing a standard that would make UWB robust and immune to various forms of interference, ensuring high reliability. The standard was also created with low power and low cost in mind, as well as the need to support many connected devices in mind.

For example, well-known automakers, including BMW, General Motors, Mercedes, and others, have already begun to offer ultra-wideband technology-based vehicle access in recent years. This shift in original equipment manufacturers’ (OEMs) focus toward developing ultra-wideband technology-based vehicle access control is expected to drive market growth in the coming years.

Passenger Vehicles will Lead the Global Ultra-Wideband Technology-Based Vehicle Access Control Market (by Vehicle Type)

Passenger vehicles are currently credited with the highest share of the demand for the UWB technology-based vehicle access control market. Some key factors that have enabled the technical acceptance of these vehicles are high demand, higher registration of passenger cars, and less operating difficulty as compared to commercial vehicles. The demand for passenger vehicles is growing due to the rise in demand for heavy and luxury vehicles and an increase in cars driven by diesel engines. Additionally, increased population, urbanization, and disposable income have significantly increased passenger car production.

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Biometric has the Highest Share in Global Ultra-Wideband Technology-Based Vehicle Access Control Market (by Authentication Type)

The biometric segment accounts for the largest market share in this market. The combination of biometric and UWB technologies for vehicle access can provide a highly secure and convenient solution for keyless entry systems in vehicles. Biometric in vehicle access control technology has advanced dramatically over the years. With COVID-19 still impacting the industry, combining the two systems has created an opportunity to optimize security and physical wellness better. Real-time biometric verification enabled by an online platform can eliminate security risks. At the start of any user session, users can be live scanned with facial recognition (or at any attempt to access a compassionate application or piece of data). This prevents bad actors from accessing company data, even if they have control of a computer.

Hardware to Dominate the Global Ultra-Wideband Technology-Based Vehicle Access Control Market (by Component Type)

The hardware segment accounts for the largest market. Ultra-wideband (UWB) technology-based vehicle access systems use short-range radio waves to communicate between the vehicle and the access device. These systems require specific hardware components to operate. The UWB chip is the heart of the UWB system and is responsible for transmitting and receiving data; the control module manages the UWB system’s functions and is usually located inside the vehicle. The access device is used to communicate with the UWB system and is generally located outside the vehicle.

North America currently holds the largest share of the global ultra-wideband technology-based vehicle access control market. The North America region comprises the U.S., Canada, and Mexico. The presence of technology providers, minimal miscalculations, product customization, and reduced production timescale are the primary driving factors of the North America ultra-wideband technology-based vehicle access control market. The U.S. government’s policies for ultra-wideband technology for research and development activities also hasten the region’s adoption of the ultra-wideband technology-based vehicle access control.

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Competitive Landscape

Major global ultra-wideband technology-based vehicle access control market manufacturers are undertaking a variety of strategic efforts to gain market share.

The following are some key highlights in terms of major global ultra-wideband technology-based vehicle access control market manufacturers:

• Qorvo, Inc, BMW Group, Hyundai Motor Group, and NXP Semiconductors. are some leading players globally.
• CEVA, Inc and Pulse~Link, Inc are some emerging companies.
• Partnerships, collaborations, and joint ventures have been the most preferred strategies in recent years.
• Product developments and mergers and acquisitions are the other strategies being implemented.

In the realm of cutting-edge technology, LiDAR (Light Detection and Ranging) has emerged as a transformative force, revolutionizing the way we perceive and interact with our surroundings. LiDAR technology, predominantly used for mapping and surveying applications, has witnessed exponential growth, giving rise to a robust LiDAR Software Market.

The global LiDAR software market was valued at $335.4 million in 2022 and is anticipated to reach $1,940.2 million by 2031, witnessing a CAGR of 21.53% during the forecast period 2022-2031. The growth in the LiDAR software market is expected to be driven by an increasing focus on advanced LiDAR solutions for improvement in existing advanced driver assistance systems (ADAS) features in the automotive industry, growing demand for LiDAR solutions in surveying and mapping, and rising adoption of LiDAR solutions for streamlining construction projects.

Understanding LiDAR Technology

LiDAR technology utilizes laser light to measure distances with remarkable precision. By emitting laser pulses and measuring the time it takes for them to return after hitting an object, LiDAR systems generate highly accurate three-dimensional maps of the environment. Initially used in military and aerospace applications, LiDAR has found extensive application in industries such as autonomous vehicles, forestry, agriculture, and urban planning.

LiDAR Software Market by Application

Based on application, the construction and infrastructure segment dominated the global LiDAR software market in 2021 and is expected to continue doing so in the coming years during the forecast period. Much of this can be ascribed to the expected demand for LiDAR technologies in construction and smart infrastructure applications over the next decade. However, it is the automotive segment that is likely to grow the fastest during the forecast period, owing to the growing demand for advanced LiDAR solutions in autonomous driving applications.

LiDAR Software Industry by Technology

On the basis of technology type, the LiDAR software market has been primarily categorized into mechanical and solid state segments. The mechanical segment is likely to be the leading segment over the forecast years. Although some of the LiDAR vendors have developed solid state LiDAR solutions, most of the LiDAR solutions available in the market use either micro or macro-scale mechanical motions. But it is the solid state segment that is expected to register faster growth during the forecast period

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LiDAR Software Market by Product Type

Based on product type, the LiDAR software market has been categorized into processing software, mapping software, and simulation software. Mapping software is expected to generate the highest revenues as compared to other product types during the forecast period. The demand for processing software, however, is expected to grow the fastest, owing to the fast-growing LiDAR processing needs in emerging LiDAR applications, such as smart infrastructure and intelligent transportation systems.

On the basis of deployment type, the terrestrial segment accounted for the larger share of the LiDAR software market in 2021. Additionally, much of the demand for LiDAR software solutions is expected from the terrestrial segment during the forecast period, owing to the growing demand for LiDAR perception solutions in autonomous driving and smart city applications

The LiDAR software market is expected to witness double-digit growth in the coming years during the forecast period. Much of this demand is expected from Europe, China, and North America markets. Europe is expected to be the leading market for LiDAR software solutions, owing to the wide adoption of LiDAR solutions across various end-use verticals and the growing number of LiDAR software solution vendors in the region.

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Competitive Landscape

Major LiDAR software solution providers are undertaking a variety of strategic efforts, primarily including mergers and acquisitions and partnerships and collaborations, to gain market share.

The following are some key highlights in terms of major LiDAR software solution providers:

• Velodyne Lidar, Inc., Quanergy Systems, Inc., and LeddarTech Inc. are some leading players globally.
• Blickfeld GmbH, Terrasolid, and Innoviz Technologies, are some emerging companies.
• Outsight SA, Aeva, Inc., and Seoul Robotics are some of the key start-ups in the ecosystem.
• Product developments have been the most preferred strategies in recent years.
• Market developments, partnerships, collaborations, and joint ventures are the other strategies being implemented.

In the ever-evolving landscape of automotive technology, one of the most promising innovations that has gained significant traction is the LiDAR (Light Detection and Ranging) System-on-Chip (SoC). As autonomous vehicles become more than just a futuristic concept, the Automotive LiDAR SoC market is poised to play a pivotal role in reshaping the future of transportation.

The automotive LiDAR system-on-chip (SoC) market is expected to be valued at $29.3 million in 2024, which is anticipated to grow at a CAGR of 24.30% and reach $207.5 million by 2033. The growth in the automotive LiDAR system-on-chip (SoC) market is expected to be driven by technological advancements in autonomous vehicles and extensive use of LiDARs in highly automated vehicles, tremendous advancement in automotive LiDAR research and development (R&D) to improve the features of the LiDAR system, and an anticipated decline in LiDAR manufacturing costs after the start of mass production.

Passenger Cars Expected to Dominate the Automotive LiDAR System-on-Chip (SoC) Market (by Vehicle Type)

Governments worldwide are focusing more on safety and regulations related to passenger and vehicle safety, which is driving the market demand for vehicle safety features in the detection of pedestrians and other vehicles by sensors and advanced driver assistance systems (ADAS) in new vehicles. Production and sales of passenger vehicles are anticipated to be higher than that of commercial vehicles and robo taxis, as more users are rapidly adopting passenger cars due to their cost efficiency and various government subsidies, among others. The passenger cars segment is expected to lead the market as the sales of passenger cars are anticipated to increase globally.

Electric Vehicles Segment Anticipated to Grow at a Significant Growth Rate in the Forecast Period

Electric vehicles (EVs) require more advanced technology as compared to internal combustion engine (ICE) vehicles. The increasing popularity of small and medium sized electric vehicles has resulted in an increase in the use of automotive LiDAR system-on-chip. Moreover, the automotive LiDAR system-on-chip (SoC) market for EVs is expected to grow mainly due to factors such as growing demand for EVs for low-emission commuting and governments supporting long-range, zero-emission vehicles through subsidies and tax rebates, which have compelled the manufacturers to provide electric vehicles around the world.

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Semi-Autonomous Segment Expected to Lead the Automotive LiDAR System-on-Chip (SoC) Market (by Level of Autonomy)

Consumer demand for semi-autonomous vehicles has increased due to the rise in public safety and security concerns. The engines of semi-autonomous vehicles are productive and use less fuel, and there are fewer accidents. These are a few possible advantages that are anticipated to boost demand for these automobiles and propel the market's expansion. Also, fully autonomous vehicles are not yet ubiquitous on the road. Although, LiDAR will become increasingly important to manufacturers as they go toward Level 4-Level 5 autonomy; for now, the automotive industry is shifting from Level 2 to Level 3 autonomy in the upcoming year.

Medium-to-Long Range LiDAR Expected to Dominate the Automotive LiDAR System-on-Chip (SoC) Market (by Range Type)

Medium-to-long range LiDAR has an extremely high resolution, a long range, and a broad field of view. As a result, even non-metallic items like rocks can be consistently found at a considerable distance using the laser-based distance measurement instrument. So, there is ample time to start performing driving maneuvers like braking and swerving. Medium-to-long range LiDAR not only meets all safety standards for automated driving; in the future, but it will also make it possible for automakers to successfully incorporate the technology into a very broad range of vehicle types.

North America Expected to Dominate the Automotive LiDAR System-on-Chip (SoC) Market

North America is home to a number of automotive LiDAR system-on-chip manufacturers. The region is expected to dominate the automotive LiDAR system-on-chip (SoC) market during the forecast period 2024-2033. Government regulations, technological advancements, extensive investments for dedicated R&D facilities, and presence of major autonomous vehicle manufacturing companies are some of the major drivers that are propelling the growth of the automotive LiDAR system-on-chip (SoC) market in the region.

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Competitive Landscape

To gain market share, major automotive LiDAR manufacturing companies and automotive LiDAR system-on-chip manufacturers are making various kinds of strategic moves. Some key highlights from BIS Research with respect to manufacturers of the automotive LiDAR system-on-chip market are as follows:

• indie Semiconductor, Inc., Mobileye, RoboSense, Ouster, Inc., and Aeva Inc. are some of the leading players globally.

• SiLC Technologies, Inc., Scantinel, and Voyant Photonics, Inc. are some of the emerging private companies.  

• Partnerships, collaborations, and joint ventures have been the most preferred strategy in the market.  

• Apart from Partnerships, collaborations, and joint ventures, expanding business and new product launches are the other strategies being implemented.

• Most of the players have tie-ups with various autonomous vehicle OEMs.

The electric vehicle (EV) market has witnessed remarkable growth in recent years, driven by a global shift towards cleaner and more sustainable transportation options. With this surge in EV adoption, the need for efficient and innovative charging solutions has become increasingly evident. One such innovation that is gaining momentum is bidirectional electric vehicle chargers.

The global bidirectional electric vehicle charger market was valued at $933.2 million in 2022 and is anticipated to reach $4,820.6 million by 2031, witnessing a CAGR of 20.02% during the forecast period 2022-2031. The growth in the bidirectional electric vehicle charger market is expected to be driven by the need for renewable sources of power and energy and increasing sales of electric vehicles around the world.

Key Factors Driving the Bidirectional EV Charger Market

• Grid Resilience: Bidirectional EV chargers can serve as a valuable resource for grid stability. During peak demand periods, they can feed excess energy back into the grid, helping to balance supply and demand. This can reduce the need for costly grid infrastructure upgrades and increase the overall resilience of the electricity grid.
• Energy Storage: Bidirectional charging can transform an EV into a mobile energy storage system. This means that EV owners can store excess electricity during off-peak hours and sell it back to the grid during high-demand periods, potentially reducing their energy costs and generating income.
• Vehicle-to-Home (V2H) and Vehicle-to-Grid (V2G) Applications: Bidirectional charging allows for V2H and V2G applications. V2H enables EV owners to power their homes during power outages or high electricity costs, while V2G enables them to earn money by participating in grid services such as frequency regulation and demand response programs.
• Sustainability: By maximizing the use of renewable energy sources and minimizing energy waste, bidirectional EV charging contributes to a more sustainable energy system. It aligns with global efforts to reduce carbon emissions and combat climate change.

BEVs to Occupy the Major Market Share in the Propulsion Type Segment of Bidirectional Electric Vehicle Charger Market

Battery electric vehicles (BEVs) are leading in the bidirectional charger markets over plug-in hybrid electric vehicles (PHEVs) for several reasons:

• Battery Size: BEVs generally have larger battery capacities than PHEVs, which makes them more suitable for bidirectional charging. Larger battery capacities mean that BEVs can store and supply more energy, making them more effective as sources of backup power.
• Usage: BEVs are typically used as primary transportation vehicles, whereas PHEVs are often used as secondary vehicles. This means that people are more likely to keep BEVs at home and use them as backup power sources, whereas PHEVs may not always be available for bidirectional charging.
• Efficiency: As PHEVs have both gasoline engines and electric batteries, they may not be as efficient in bidirectional charging as BEVs, which only have electric batteries. This means that BEVs may be able to store and supply energy more effectively than PHEVs in bidirectional charging scenarios. Overall, while both BEVs and PHEVs can be used for bidirectional charging, BEVs are generally more popular due to their larger battery capacities, greater availability, and higher efficiency in this application.

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Domestic Segment Expected to Dominate the Bidirectional Electric Vehicle Charger Market Based on Deployment of Chargers

Domestic bidirectional chargers are gaining popularity for several reasons. One of the main reasons is the increasing number of electric vehicles (EVs) on the road. As EV ownership continues to grow, people are looking for ways to make their vehicles more integrated into their daily lives. With bidirectional charging, EV owners can use their vehicles not only for transportation but also as a source of backup power for their homes. In case of a power outage or surge in energy demand, the EV battery can provide power to the home. Another reason for the popularity of domestic bidirectional chargers is the need to manage and balance electricity grids. Bidirectional charging allows vehicles to supply power back to the grid at times of high demand, reducing the load on the grid and making it more sustainable. This can also provide a source of revenue for the EV owner, who can earn money by selling excess energy back to the grid. Finally, the cost of domestic bidirectional chargers is decreasing, making them more accessible to a wider range of consumers. As more people adopt bidirectional charging, this technology is likely to become even more popular in the future.

Europe to be the Biggest Market in the Bidirectional Electric Vehicle Charger Market

Europe is currently the leading and biggest market in the bidirectional electric vehicle charger market, and there are several reasons why this is the case. Firstly, European governments have set ambitious targets for reducing carbon emissions, which has created a strong demand for electric vehicles. Bidirectional charging can help to support the integration of renewable energy and improve the stability of the grid by enabling electric vehicles to exchange energy with the grid during periods of high demand, thereby reducing the need for fossil fuel-powered backup generators.

European energy regulators have been supportive of bidirectional charging technology, and the regulatory framework has been designed to encourage its deployment. For example, in the Netherlands, the grid operator TenneT has launched a project to deploy bidirectional chargers across the country, with the goal of providing a flexible and scalable platform for managing the growing number of electric vehicles on the grid.

European automakers have been at the forefront of developing bidirectional charging technology. In 2018, Nissan launched the Leaf, which is the first electric vehicle capable of bidirectional charging. Other automakers such as BMW, Volkswagen, and Renault have also released bidirectional charging applications, highlighting the shift towards creating more sustainable transportation solutions.

European consumers have shown a greater willingness to adopt electric vehicles and bidirectional charging technology. The growth in EV ownership has been driven by various factors, including government subsidies, low taxation for EVs, and increasing consumer awareness of the benefits of electric vehicles. In conclusion, Europe's strong regulatory framework, supportive government policies, growing market demand, and automakers' investments in bidirectional charging technology make it the leading and biggest market in the bidirectional electric vehicle charger market. Europe is likely to continue to lead the way in the development and adoption of this technology and will play a vital role in the global transition to sustainable transportation systems.

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Competitive Landscape

To gain market share, major bidirectional electric vehicle charger companies are making various kinds of strategic moves. Some key highlights from BIS Research with respect to manufacturers of the bidirectional electric vehicle charger market are as follows:

• Hyundai Mobis Co. Ltd., Siemens AG, Denso Corporation, Fermata Energy, and ABB are some of the leading players globally.
• Wallbox Chargers, S.L., The Mobility House GmbH, and Power Research Electronics B.V. are some of the emerging private companies.
• Partnerships, collaborations, and joint ventures have been the most preferred strategy in the market.
• Apart from partnerships, collaborations, and joint ventures, expanding business and new product launches are the other strategies being implemented.
• Most of the players have tie-ups with various autonomous vehicle OEMs.

As the automotive industry continues to innovate and embrace technological advancements, the market for Advanced Driver Assistance Systems (ADAS) and Autonomous Sensor Maintenance Equipment is rapidly expanding. These systems have become integral in enhancing vehicle safety, reducing accidents, and laying the foundation for fully autonomous vehicles. 

The global ADAS and autonomous sensor maintenance equipment market was valued at $2,704.7 thousand in 2022, and it is expected to grow at a CAGR of 49.68% and reach $1,52,666.5 thousand by 2032.

Autonomous vehicles are increasingly growing in demand, owing to benefits such as increased vehicle and driver safety features, enhanced fuel/battery power efficiency, no road traffic congestion, and accessibility to driving for all, including people with certain disabilities and others. Vehicles equipped with level 1 and level 2 autonomous driving capabilities are already on roads in most of the automotive markets. Some developed markets have also launched or planned to launch vehicles with level 3 autonomy this year (2023). The autonomous vehicle industry has also witnessed a rapid growth of autonomous driving companies, such as Waymo LLC, Cruise LLC, and Zoox, Inc., over the past five years (2018-2023). Most of these companies have identified robotaxis as the most viable option for introducing autonomous vehicles in a profitable and sustainable manner.

Passenger Vehicles to Dominate the Global ADAS and Autonomous Sensor Maintenance Equipment Market (by Vehicle Type)

On the basis of vehicle type, the ADAS and autonomous sensor maintenance equipment market has been categorized into passenger vehicles, commercial vehicles, and robotaxis. Among the three vehicle types, the passenger vehicles segment is expected to have the fastest growth during the review period. The passenger vehicles segment is expected to continue dominating the market during the forecast period.

Most of the developments in autonomous driving technologies are being witnessed in the passenger vehicles segment, as automotive OEMs continue to work on the development of passenger vehicles with higher levels of autonomy. Commercial vehicles and robotaxis are also likely to witness significant growth in terms of revenue generation in the coming years during the forecast period.

Electric Vehicle to Lead the Global ADAS and Autonomous Sensor Maintenance Equipment Market (by Propulsion Type)

Based on the propulsion type, the ADAS and autonomous sensor maintenance equipment market has been segmented into electric vehicles and internal combustion engine vehicles. As the automotive industry is currently being driven by electrification and autonomous driving technologies, the demand for sensor maintenance equipment for electric vehicles is likely to be higher as compared to their internal combustion engine counterparts.

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Automotive OEMs are increasingly focusing on the development of electric vehicle offerings that come with autonomous driving technologies. Therefore, the electric vehicle segment is expected to grow at the fastest rate during the forecast period.

Level 3 to be Dominant in the Global ADAS and Autonomous Sensor Maintenance Equipment Market (by Level of Autonomy)

Based on the level of autonomy, the ADAS and autonomous sensor maintenance equipment market has been categorized into level 1, level 2, level 3, level 4, and level 5. Among the five levels of autonomy (level 1 to level 5), the demand for sensor maintenance equipment for vehicles with level 3 autonomy is expected to be the highest by 2032. Much of this can be ascribed to the growing number of vehicle models with level 3 autonomy and increasing penetration of level 3 autonomy in new vehicle models by leading automotive OEMs.

Fluids and Air Jet to have the Largest Share in the Global ADAS and Autonomous Sensor Maintenance Equipment Market (by Product Type)

On the basis of product type, the ADAS and autonomous sensor maintenance equipment market has been segmented into fluids, fluids and wiper blade, fluids and air jet, and others. The fluids and air jet segment is expected to witness significant growth during the forecast period and is likely to become the dominant segment by 2032. Fluids and air jet sensor maintenance equipment is increasingly being seen as the most feasible sensor maintenance equipment among other product types by automotive OEMs and autonomous vehicle-based businesses. As the number of sensors continues to grow in new autonomous vehicle models being offered by automotive OEMs, other existing sensor maintenance equipment such as fluids and fluids and wiper blade are becoming less effective owing to their more complex design, making fluid and air jet the most preferred option among various product types.

China to Register the Highest Growth in the Global ADAS and Autonomous Sensor Maintenance Equipment Market

The ADAS and autonomous sensor maintenance equipment market is expected to witness significant growth in the coming years, with major contributions from North America, China, and Europe regional markets. In terms of revenue generation, the North America market is one of the key regions in the ADAS and autonomous sensor maintenance equipment market. Much of this can be attributed to comparatively faster testing and adoption of new sensor maintenance equipment technology and the growing number of autonomous vehicle-based businesses in the region.

However, it is China along with Asia-Pacific region, that is likely to register the highest growth in the coming years during the review period. With China being the largest vehicle manufacturer and increasing integration of advanced autonomous driving technologies into newer vehicle models by automotive OEMs, the need for sensor maintenance equipment is likely to be the highest here among all the other regions.

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Competitive Landscape

Major ADAS and autonomous sensor maintenance equipment providers are undertaking a variety of strategic efforts, primarily including partnerships and collaborations and product developments, to gain significant market share.

The following are some key highlights in terms of major ADAS and autonomous sensor maintenance equipment providers:

• Röchling SE & Co. KG, Continental AG, Valeo, and Kautex Textron GmbH & Co. KG, are some leading players globally.

• A Raymond Network, Actasys, Inc, and dlhBOWLES are some emerging companies.

• Partnerships, collaborations, and joint ventures have been the most preferred strategies in recent years.

• Product developments and mergers and acquisitions are the other strategies being implemented.