LiDAR for Automotive Market Latest Industry Trends & Forecast to 2017-2030

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The LiDAR for automotive market is expected to grow from an estimated USD 735.0 million in 2025 to a projected USD 2,557.3 million by 2030, at a CAGR of 28.32%, during the forecast period. 
The LiDAR market for automotive division is expected to register high growth rate due toits technological superiority over other available sensors in the automotive industry, such as RADAR and cameras. Factors such as the rising popularity of autonomous vehicles, government regulations for vehicle safety, and an increase in the adoption of ADAS technology by OEMs are driving the market for LiDAR.
LiDAR for Automotive

Market Dynamics

Drivers

  • Technological Superiority of LiDAR
  • Rising Trend of Semi-Autonomous Vehicles
  • Increasing Vehicle Safety Regulations and Growing Adoption of ADAS Technology By OEMs

Restraints

  • High Cost of LiDAR Raises Overall Vehicle Cost

Opportunities

  • Autonomous Vehicles Offer New Opportunities
  • Sensor Fusion

Challenges

  • Environmental Constraints Pose A Challenge for Use of LiDAR
  • Technology Integration

Research Methodology

Various secondary sources, such as company annual reports and presentations, press releases, industry association publications, magazine articles, directories, technical handbooks, the World Economic Outlook, trade websites, technical articles, and databases have been used to identify and collect information useful for an extensive study of the automotive market. The primary sources—experts from related industries, LiDAR Sensor for automotive manufacturers, and LiDAR experts—have been interviewed to obtain and verify critical information, as well as to assess future prospects and market estimations. The bottom-up approach has been used for market estimation and to calculate the LiDAR Sensor Market size for automotive. The figure below illustrates the breakdown of the profiles of industry experts who participated in primary discussions.
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Major Market Developments

  • In January 2017, Continental AG introduced High-Resolution 3D Flash LiDAR, a new LiDAR solution specifically for automobiles. With this introduction, the company is focusing on enhancing the Advanced Driver Assistance Systems and autonomous vehicle.
  • In January 2017, Innoviz Technologies Ltd. developed its first high definition solid-state LiDAR (HD-SSL) InnovizOne and introduced it in CES2017 held in Las Vegas. InnovizOne enables smart and advance features of 3D remote sensing. This device is highly accurate in processing real-time 3D images of the vehicle surrounding.
  • In December 2016, LeddarTech launched innovative 2D and 3D high-resolution LiDAR solutions for autonomous driving applications. This LiDAR system offered a resolution of up to 512×64 on a field of view of 120×20 degrees and had a detection range of more than 200 m for pedestrians and over 300 m for vehicles.

Target Audience

  • Automotive LiDAR manufacturers
  • LiDAR experts
  • LiDAR software developers
  • Chip manufacturers
  • System integrators
  • Headlight and taillight manufacturers
  • Autonomous technology experts
  • Industry experts
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The battery electric vehicles (BEV) segment of the LiDAR sensor market for automotive, by vehicle type, is estimated to grow at the highest CAGR during the forecast period. A majority of the OEMs are testing their autonomous vehicle technology in BEV. The market share of the BEV segment is expected to increase in the near future due to these factors and the prediction by industry experts that most autonomous vehicles in the future will be electric vehicles.

The European market is estimated to be the largest market in the LiDAR for automotive market 

The European market is projected to be the largest market in the LiDAR for automotive market as the testing of autonomous vehicles has begun in several countries in the region, such as Germany, U.K. and France. The investment in research and development in the European automotive industry is the largest worldwide, with about 180 automobile facilities across the region. The European LiDAR for automotive market is led by the market in Germany owing to the increased demand for technologically advanced features in the country.
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The LiDAR for automotive market is dominated by a few globally established players such as Delphi Automotive, PLC (U.K.), Continental AG (Germany), ZF Friedrichshafen AG (Germany), Infineon Technologies AG (Germany), Velodyne LiDAR, Inc. (U.S.), Texas Instruments, Inc. (U.S.), Leddartech, Inc. (U.S.), First Sensor AG (Germany), Quanergy Systems, Inc. (U.S.), and Innoviz Technologies, Ltd. (Israel).

Study coverage

The report covers the LiDAR FOR automotive market in terms of volume (thousand units) and value (USD million). It explains the qualitative and quantitative aspects of the LiDAR for automotive market by technology (mechanical and solid state), application (semi-autonomous and autonomous), location (bumper and grill, headlight and taillight, roof and upper pillar, and others), image type, vehicle type, and region—global forecast to 2030.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
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