MarkNtel Advisors recently published a detailed industry analysis of the Global Automotive LiDAR Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Automotive LiDAR Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The 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.

Key Findings in Global Automotive LiDAR Market:

• Historical Analysis: 2020–2023
• Base Year: 2024
• Forecast Period: 2025–2030

Leading Market Players- 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

Key Highlights of the Report

• 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

What are the major Driver the Global Automotive LiDAR industry?

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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What segments define the Global Automotive LiDAR Market from 2025 to 2030? How do these segments contribute to market dynamics and growth?

By Technology

• • Mechanical
  • Solid-state

By Application

• • Autonomous
  • Semi-Autonomous

According to report, The semi-autonomous segment holds the largest market share in terms of application, in the Global Automotive LiDAR Market.

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

According to report, the passenger vehicles segment holds the major portion of the Automotive LiDAR Market Value. 

By Demand Type

• • OEM
  • Replacement

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Geographical Analysis: Global Automotive LiDAR Market

By Region

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

The 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.

Key Questions Addressed in This Study

• What are the primary factors driving the growth of the Global Automotive LiDAR Market?
• How is the Global Automotive LiDAR Market expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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