DUBLIN, Jun 21, 2021--(BUSINESS WIRE)--The "Augmented Reality Automotive - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Augmented Reality Automotive, estimated at US$3 Billion in the year 2020, is projected to reach a revised size of US$9 Billion by 2027, growing at a CAGR of 17.3% over the analysis period 2020-2027.
Sensor Fusion, one of the segments analyzed in the report, is projected to record a 18.9% CAGR and reach US$3.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Radar segment is readjusted to a revised 15.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $875.8 Million, While China is Forecast to Grow at 16.6% CAGR
The Augmented Reality Automotive market in the U.S. is estimated at US$875.8 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2027 trailing a CAGR of 16.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.5% and 14.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.6% CAGR.
LiDAR Segment to Record 18% CAGR
In the global LiDAR segment, USA, Canada, Japan, China and Europe will drive the 17.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$454.2 Million in the year 2020 will reach a projected size of US$1.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.1 Billion by the year 2027.
Select Competitors (Total 38 Featured):
Harman International Industries Inc.
Nippon Seiki Co., Ltd.
Robert Bosch GmbH
Texas Instruments Inc.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
REST OF EUROPE
REST OF WORLD
Total Companies Profiled: 38
For more information about this report visit https://www.researchandmarkets.com/r/2805bl
View source version on businesswire.com: https://www.businesswire.com/news/home/20210621005518/en/
Laura Wood, Senior Press Manager
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