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, 2025-30. According to MarkNtel Advisors Study.

Global Automotive LiDAR Market 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.

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Key Market Reports Highlights

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

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Global Automotive LiDAR Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2024

-Historical Period: 2020 to 2023

-Forecast Period: 2025 to 2030

• By Technology
  • Mechanical
  • Solid-state
• By Application
  • Autonomous
  • Semi-Autonomous
• 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
• By Demand Type
  • OEM
  • Replacement
• By Region
  • North America
  • South America
  • Europe
  • Middle East and Africa
  • Asia-Pacific  

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – 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 are looking forward to strengthening their market positions.

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Global Automotive LiDAR Industry Recent Development:

June 2024: Innoviz Tech has announced its partnership with the major OEMs to develop L4 autonomous vehicle capabilities.

April 2024: Luminar Technologies unveiled its next-generation integrated lidar product, which will boost lidar performance while cutting costs and offering better scalability. The company also announced that it had begun shipping its sensors “at scale” as standard equipment for a new electric vehicle from the global automaker Volvo.

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