Global Automotive LiDAR
Market Report
2024
The global automotive LiDAR market size will be USD 875.20 million in 2024. The automotive LiDAR market will show the strongest growth with a compound annual growth rate (CAGR) of 20% from 2024 to 2031. This growth can be attributed to an increasing focus on safety rules
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Automotive LiDAR Market Sales Revenue 2024 | $ 875.2 Million |
Global Automotive LiDAR Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 20% |
Market Split by Technology |
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Market Split by Image Type |
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Market Split by ICE Vehicle |
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Market Split by Location |
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Market Split by Electric Vehicle Type |
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Market Split by Maximum Range |
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Market Split by Laser Wavelength |
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Market Split by Measurement Process |
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Market Split by Level of Autonomy |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Automotive LiDAR industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Automotive LiDAR Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
LiDAR sensors use lasers to create a three-dimensional (3D) image of the surroundings. These sensors are crucial for advanced driver-assistance systems (ADAS) and driverless cars. However, under damp conditions such as rain and fog, these sensors perform poorly. Particles of rain or fog may cause interference with the LiDAR's laser beam, leading to the detection of objects that aren't there or false positives. This may significantly impact the dependability of ADAS systems and self-driving cars. LiDAR sensors use lasers to create a three-dimensional (3D) image of the surroundings. These sensors are crucial for advanced driver-assistance systems (ADAS) and driverless cars. However, under damp conditions such as rain and fog, these sensors perform poorly. LiDAR sensor technology is used in cars because of its demonstrated ability to scan and identify changes in the environment efficiently. Advanced ADASs, collision warning systems, warning systems, lane-keep assistance systems, etc., frequently use LiDAR sensors.
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In April 2023, Komodo, a proprietary ASIC (Application-Specific Integrated Circuit) chip designed for processing lidar point clouds, was introduced by Cepton, Inc. Developed to optimize the company's proprietary lidar architecture, Komodo is a highly integrated custom SoC (System on Chip) that lowers costs by replacing several off-the-shelf silicon devices while improving the quality of point cloud data. As lidar technology advances toward broad deployment, Cepton, Inc. uses specialized ASICs to help them reach the price points that automakers need to reach a mass market. This allows them to contribute to the wider adoption of lidar technology in future vehicles. (Source: https://www.cepton.com/announcements/cepton-expands-proprietary-chipset-for-automotive-lidar-with-new-advanced-point-cloud-processor-asic)
Top Companies Market Share in Automotive LiDAR Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. Many of the businesses creating autonomous vehicles and advanced driver assistance systems (ADAS) are based in North America. LiDAR sensors play a key role in these technologies' ability to perceive the surrounding world in three dimensions accurately. The developers' significant presence fuels the demand for LiDAR in the area.
Asia-Pacific stands out as the fastest-growing region in the automotive LiDAR market due to China, Japan, and South Korea are among the nations with the largest investments in the development of autonomous vehicles. LiDAR sensors, an essential part of self-driving cars, are in high demand because their governments are pushing the technology ahead with ambitious goals and funding.
The current report Scope analyzes Automotive LiDAR Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Automotive LiDAR Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Automotive LiDAR Industry growth. Automotive LiDAR market has been segmented with the help of its Technology, Image Type ICE Vehicle, and others. Automotive LiDAR market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Automotive LiDAR market.
Technology of Automotive LiDAR analyzed in this report are as follows:
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This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Automotive LiDAR from 2019 to 2031. This will also help to analyze the demand for Automotive LiDAR across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Image Type of Automotive LiDAR are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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According to cognitive market research, bumpers & grills are the dominant category. Although LiDAR sensors are often mounted on bumpers and grills because of their advantageous positions for obtaining environmental data, this is not the main factor propelling industry expansion. The growing popularity of driverless vehicles and ADAS is driving up demand for LiDAR. LiDAR is used in ADAS systems for accurate object detection and distance measuring, such as automated emergency braking and lane departure warning. .
Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Automotive LiDAR Market is witnessing significant growth in the near future.
In 2023, the Solid State Lidar segment accounted for noticeable share of global Automotive LiDAR Market and is projected to experience significant growth in the near future.
The 2D Automotive Lidar segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Innoviz Technologies Ltd. (Israel), Velodyne Lidar and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Technology | Solid State Lidar, Mechanical Lidar |
Image Type | 2D Automotive Lidar, 3D Automotive Lidar |
ICE Vehicle | Passenger Cars, Commercial Vehicle |
Location | Bumpers and Grills, Headlights and Taillights, Roofs and Pillars |
Electric Vehicle Type | BEV, FCEV, HEV, PHEV |
Maximum Range | Short and Mid-range (170 m and Below), Long range (Above 170 m) |
Laser Wavelength | Near Infrared (NIR), Short-wave Infrared (SWIR), Long wave Infrared (LWIR) |
Measurement Process | Frequency-modulated Continuous Wave (FMCW), Time of Flight (ToF) |
Level of Autonomy | Semi-autonomous, Autonomous |
List of Competitors | Innoviz Technologies Ltd. (Israel), DENSO Corporation (Japan), Velodyne Lidar, Inc. (US), Luminar Technologies Inc. (US), Valeo (France) |
This chapter will help you gain GLOBAL Market Analysis of Automotive LiDAR. Further deep in this chapter, you will be able to review Global Automotive LiDAR Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Technology Analysis 2019 -2031, will provide market size split by Technology. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Technology Analysis 2019 -2031
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Chapter 11 Market Split by Image Type Analysis 2019 -2031
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Chapter 12 Market Split by ICE Vehicle Analysis 2019 -2031
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Chapter 13 Market Split by Location Analysis 2019 -2031
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Chapter 14 Market Split by Electric Vehicle Type Analysis 2019 -2031
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Chapter 15 Market Split by Maximum Range Analysis 2019 -2031
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Chapter 16 Market Split by Laser Wavelength Analysis 2019 -2031
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Chapter 17 Market Split by Measurement Process Analysis 2019 -2031
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Chapter 18 Market Split by Level of Autonomy Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Automotive LiDAR market
Chapter 19 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Solid State Lidar have a significant impact on Automotive LiDAR market? |
What are the key factors affecting the Solid State Lidar and Mechanical Lidar of Automotive LiDAR Market? |
What is the CAGR/Growth Rate of 2D Automotive Lidar during the forecast period? |
By type, which segment accounted for largest share of the global Automotive LiDAR Market? |
Which region is expected to dominate the global Automotive LiDAR Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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