Markntel Advisors’ report, Automotive LiDAR Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Automotive LiDAR presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

Automotive LiDAR Market Research Report & Market Summary:

The Global Automotive LiDAR Market size was valued at around USD 510 million in 2023 & is estimated to grow at a CAGR of around 18.5% during the forecast period, 2024-30.  The primary growth for the market is due to the increasing adoption and evolution of autonomous vehicles. Usually, companies use various sensors and radars to get the spatial representation of the surrounding environment of the automobile. But with the technological advancement in LiDAR technology which is capable of generating a high-quality mapping of the environment has greatly improved the reliability and safety of autonomous and semi-autonomous vehicles.

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Automotive LiDAR Market Dynamics:

Key Driver-

Increasing Adoption of Autonomous Vehicles – The growth in the Global Automotive LiDAR Market is primarily driven by the increasing adoption of autonomous vehicles and the technological advancement involved in improving their reliability. The automobile companies generally used other technologies such as cameras, radars, ultrasonic, and sensors to achieve the L1 and L2 autonomy of the automobile and even L3. But while using these works fine till L2 autonomy goes further will need much sophistication in the system of autonomous vehicles as these technologies struggle to detect the exact location, shape, and size of the objects in the surroundings. This shortcoming leads to automobiles having difficulty differentiating various objects from pedestrians, to animals to other vehicles present in the surroundings especially if they are slightly away from the vicinity of the automobile.  The usage of LiDAR solves such shortcomings improving the reliability of the autonomous automobile.

LiDAR can create a high-definition mapping of the surrounding environment of the autonomous automobile which greatly surpasses the similar capabilities of the other such technologies. Additionally, LiDAR can work optimally in low light conditions and is capable enough to detect and differentiate objects up to 400 meters. This is filling the gaps previously left in autonomous vehicles and greatly boosts their reliability to operate optimally. As the technology evolves further along with the implementation of regulations to improve road safety and prevent road accidents, the development of such scenarios will fuel the growth and drive the Automotive LiDAR Market Value in the coming years.

Automotive LiDAR Market Segmentation Analysis:

According to MarkNtel study the market is segmented into the following categories:

By Technology

  • Mechanical
  • Solid-state

By Application

  • Autonomous
  • Semi-Autonomous

The semi-autonomous segment holds the largest market share in terms of application, in the Global Automotive LiDAR Market. Since there are more semi-autonomous vehicles in the world as compared to autonomous vehicles, this becomes one of the most critical reasons for its high growth. 

By Range

  • Short & Mid-Range (Up to 200 meters)
  • Long Range (Above 201 meters)

By Image Processing

  • 2-D
  • 3-D
  • 4-D

By Location

  • Bumper and Grill
  • Headlight and Taillight
  • Roof and Upper Pillar
  • Others (Windscreen, Rear View Mirrors, etc.)

By Vehicle Type

  • Passenger Vehicles
    • Internal Combustion Engine (ICE) Vehicle
    • Electric Vehicle (EV)
  • Commercial Vehicles

Based on vehicle type, the passenger vehicles segment holds the major portion of the Automotive LiDAR Market Value. The rationale for this is due to the massive consumption of automobiles in the passenger vehicle globally when it comes to the total sales and production of automobile units.

By Demand Type

  • OEM
  • Replacement

By Region

  • North America
  • South America
  • Europe
  • Middle East and Africa
  • Asia-Pacific.

In the global automotive LiDAR industry, North America holds the largest market share. The main reason for the growth is the presence of major economic powerhouses like the USA in the North American region.

As indicated in the latest market research report published by Markntel Advisors, “Automotive LiDAR Research Report: Forecast (2024-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Automotive LiDAR industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.

Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/global-automotive-lidar-market.html

Top Companies Operating in the Automotive LiDAR Market:

  • Delphi Automotive, PLC
  • Continental AG
  • ZF Friedrichshafen AG
  • Infineon Technologies AG
  • Velodyne LiDAR, Inc.
  • Texas Instruments, Inc.
  • Leddartech, Inc.
  • First Sensor AG
  • Quanergy Systems, Inc.
  • Innoviz Technologies, Ltd.
  • Luminar Technologies
  • Ouster, Inc.
  • Robert Bosch GmbH
  • Valeo
  • Benewake (Beijing) Co., Ltd.
  • Others.

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Other Report:

Key Report Highlights:

  • Market Dimensions & Projections
  • Pricing Evaluation,
  • Recent Strategic Moves by Companies,
  • Primary Stakeholders,
  • Analysis of Import and Export Trends,
  • Competitive Landscape Assessment,
  • Emerging Opportunities,
  • Market Trends and Indicators

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Frequently Asked Questions (FAQs)-

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