Market Share of Latin America LiDAR Industry
The Latin America LiDAR is highly competitive owing to the presence of many players within this region. The major vendors in this region are focusing on strategic partnerships and acquisition strategies to create a unique differentiation from its other competitors. The major vendors in this market are Jenoptik Ag, Sick Ag, Velodyne Lidar Inc, etc.
- July 2020: Jenoptik completed its acquisition on Trioptics, which is a high-growth photonics company. According to this company this acquisition will not only increase the overall product portfolio of this company but also expands its overall customer base in the European region.
- March 2020: Velodyne Lidar Inc. announced a multi-year sales agreement with NAVYA, a leading company in autonomous driving systems. NAVYA plans to pursue the worldwide expansion of its shuttle with Velodyne's state-of-the-art sensors for precise real-time localization and object detection.
Latin America LiDAR Market Leaders
Leica Geosystems Ag
Neptec Technologies Corp
Sick Ag
Jenoptik Ag
Velodyne Lidar Inc.
*Disclaimer: Major Players sorted in no particular order
