Automotive Lidar Sensors Market Report 2024 (Global Edition)

Global Automotive Lidar Sensors Market Report 2024 Market Size Split by Type (Time of Flight (ToF), Frequency-Modulated-Continuous-Wave (FMCW)), by Technology (Solid-state, Electro-mechanical), by Ima...

Automotive Lidar Sensors Market Report Description

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Automotive Lidar Sensors Market Insights Video

Competitive Landscape of the Automotive LiDAR Sensors Market

The competitive landscape of the automotive LIDAR sensors market features key players investing heavily in research and development to innovate and enhance LIDAR technology, focusing on factors like miniaturization, cost reduction, and improved accuracy. Strategic partnerships between automotive manufacturers and LIDAR firms are also emerging to accelerate the deployment of advanced driver assistance systems (ADAS) and autonomous vehicles, intensifying market competition.

In April 2023, Cepton, Inc. introduced Komodo, its proprietary ASIC (Application-Specific Integrated Circuit) chip for LiDAR point cloud processing. This highly integrated custom SoC (System on Chip) is designed to optimize Cepton's patented LiDAR architecture, improving point cloud data quality and lowering costs by replacing multiple off-the-shelf silicon components. By utilizing dedicated ASICs, Cepton is positioning its LiDAR products for widespread deployment in future vehicles, meeting the cost targets required by automotive OEMs for mass-market adoption. (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 Sensors Industry: (In no particular order of Rank)

• Novariant
• Inc.
• Texas Instruments Incorporated
• Hella KGaA Hueck & Co.
• Denso Corp
• Quanergy Systems
• Inc.
• Velodyne LiDAR
• Inc.
• First Sensor AG
• Continental AG
• Robert Bosch GmbH
• LeddarTech
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Automotive LiDAR Sensors Market

Which Region Dominates the Automotive LiDAR Sensors Market in 2024?

According to Cognitive Market Research, North America currently dominates the Automotive LiDAR Sensors market, and the region is expected to have significant growth during the projected period due to a strong presence of key technology developers and automotive manufacturers, significant investments in autonomous vehicle research, and supportive regulatory frameworks.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) due to rapid advancements in automotive technology, increasing investments in autonomous vehicles, and rising demand for enhanced safety features.

The current report Scope analyzes Automotive Lidar Sensors 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

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Automotive Lidar Sensors

According to Cognitive Market Research, the global Automotive LiDAR Sensors market size was estimated at USD 581.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 2548.1 million in 2024 and will grow at a compound annual growth rate (CAGR) of 39.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Automotive LiDAR Sensors market with a market size of USD 183.43 million in 2024 and is projected to grow at a CAGR of 39.5% during the forecast period due to the strong investments in autonomous vehicle development.
• The Canada Automotive LiDAR Sensors market had a market share of USD 27.90 million in 2024 and is projected to grow at a CAGR of 40.5% during the forecast period due to the government's focus on enhancing road safety through advanced driver assistance systems (ADAS).
• The Mexico Automotive LiDAR Sensors market is projected to witness growth at a CAGR of 40.2% during the forecast period, with a market size of USD 21.16 million in 2024.

Europe Automotive Lidar Sensors

According to Cognitive Market Research, the global Automotive LiDAR Sensors market size was estimated at USD 581.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 174.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 40.0% from 2024 to 2031.

• The United Kingdom Automotive LiDAR Sensors market had a market share of USD 29.29 million in 2024 and is projected to grow at a CAGR of 40.8% during the forecast period. In the UK, Automotive LiDAR Sensors sales witness an upswing due to the government's support for autonomous vehicle development.
• The France Automotive LiDAR Sensors market is projected to witness growth at a CAGR of 39.2% during the forecast period, with a market size of USD 16.04 million in 2024.
• According to Cognitive Market Research, the German Automotive LiDAR Sensors market size was valued at USD 34.52 million in 2024 and is projected to grow at a CAGR of 40.2% during the forecast period. In Germany, Automotive LiDAR Sensors surged due to the country's strong focus on autonomous vehicle development.
• The Italy Automotive LiDAR Sensors market is projected to witness growth at a CAGR of 39.4% during the forecast period, with a market size of USD 14.99 million in 2024.
• The Russian automotive LiDAR Sensors market is projected to witness growth at a CAGR of 39.0% during the forecast period, with a market size of USD 27.03 million in 2024.
• The Spain Automotive LiDAR Sensors market is projected to witness growth at a CAGR of 39.1% during the forecast period with a market size of USD 14.30 million in 2024
• The Luxembourg Automotive LiDAR Sensors market is projected to witness growth at a CAGR of 40.1% during the forecast period, with a market size of USD 5.41 million in 2024.
• The Portugal Automotive LiDAR Sensors market is projected to witness growth at a CAGR of 39.8% during the forecast period, with a market size of USD 3.66 million in 2024.
• The Greece Automotive LiDAR Sensors market is projected to witness growth at a CAGR of 40.3% during the forecast period, with a market size of USD 2.09 million in 2024.
• The Rest of Europe's Automotive LiDAR Sensors market is projected to witness growth at a CAGR of 38.7% during the forecast period, with a market size of USD 27.03 million in 2024.

Asia Pacific Automotive Lidar Sensors

According to Cognitive Market Research, the global Automotive LiDAR Sensors market size was estimated at USD 581.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 133.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 43.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Automotive LiDAR Sensors market size was valued at USD 60.15 million in 2024 and is projected to grow at a CAGR of 43.0% during the forecast period. Automotive LiDAR Sensors surged in China due to the government's push for autonomous vehicle technology.
• The Japan Automotive LiDAR Sensors market is projected to witness growth at a CAGR of 42.0% during the forecast period, with a market size of USD 18.45 million in 2024.
• The India Automotive LiDAR Sensors market had a market share of USD 16.04 million in 2024 and is projected to grow at a CAGR of 45.3% during the forecast period due to the increasing focus on road safety.
• The South Korean Automotive LiDAR Sensors market is projected to witness growth at a CAGR of 42.6% during the forecast period, with a market size of USD 13.37 million in 2024.
• The Australian Automotive LiDAR Sensors market is projected to witness growth at a CAGR of 43.2% during the forecast period, with a market size of USD 6.95 million in 2024.
• The South East Asia Automotive LiDAR Sensors market is projected to witness growth at a CAGR of 44.5% during the forecast period, with a market size of USD 9.22 million in 2024.
• The Rest of Asia Pacific Automotive LiDAR Sensors market is projected to witness growth at a CAGR of 43.3% during the forecast period, with a market size of USD 9.49 million in 2024.

South America Automotive Lidar Sensors

According to Cognitive Market Research, the global Automotive LiDAR Sensors market size was estimated at USD 581.2 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 29.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 40.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Automotive LiDAR Sensors market size was valued at USD 12.44 million in 2024 and is projected to grow at a CAGR of 41.5% during the forecast period. Automotive LiDAR Sensors flourished in Brazil due to a growing demand for advanced safety features in vehicles.
• Argentina's Automotive LiDAR Sensors market had a market share of USD 4.88 million in 2024 and is projected to grow at a CAGR of 41.8% during the forecast period due to the increasing investments in autonomous vehicle technology.
• Colombia Automotive LiDAR Sensors market is projected to witness growth at a CAGR of 40.7% during the forecast period, with a market size of USD 2.59 million in 2024.
• Peru Automotive LiDAR Sensors market is projected to witness growth at a CAGR of 41.1% during the forecast period, with a market size of USD 2.38 million in 2024.
• Chile Automotive LiDAR Sensors market is projected to witness growth at a CAGR of 41.2% during the forecast period, with a market size of USD 2.09 million in 2024.
• The Rest of Latin America's Automotive LiDAR Sensors market is projected to witness growth at a CAGR of 40.0% during the forecast period, with a market size of USD 4.68 million in 2024.

Middle East and Africa Automotive Lidar Sensors

According to Cognitive Market Research, the global Automotive LiDAR Sensors market size was estimated at USD 581.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 11.62 million in 2024 and will grow at a compound annual growth rate (CAGR) of 41.2% from 2024 to 2031..

• The GCC Countries Automotive LiDAR Sensors market is projected to witness growth at a CAGR of 42.0% during the forecast period, with a market size of USD 4.98 million in 2024. Automotive LiDAR Sensors sales flourish due to the rapid development of smart city initiatives.
• The Egypt Automotive LiDAR Sensors market is projected to witness growth at a CAGR of 41.5% during the forecast period, with a market size of USD 1.22 million in 2024.
• The South Africa Automotive LiDAR Sensors market is projected to witness growth at a CAGR of 42.2% during the forecast period, with a market size of USD 1.84 million in 2024. Automotive LiDAR Sensors sales flourished in South Africa due to the growing demand for advanced driver assistance systems.
• The Turkey Automotive LiDAR Sensors market is projected to witness growth at a CAGR of 40.7% during the forecast period, with a market size of USD 1.00 million in 2024.
• The Nigeria Automotive LiDAR Sensors market is projected to witness growth at a CAGR of 40.3% during the forecast period, with a market size of USD 1.22 million in 2024.
• The Rest of the MEA Automotive LiDAR Sensors market is projected to witness growth at a CAGR of 40.2% during the forecast period, with a market size of USD 1.37 million in 2024.

Automotive Lidar Sensors Market Analysis

How are Segments Performing in the Global Automotive LiDAR Sensors Market?

Automotive LiDAR Sensors Market Type Segment Analysis

According to Cognitive Market Research, Time of Flight (ToF) is likely to dominate the Automotive LiDAR Sensors Market over the forecast period due to its ability to accurately measure distances by calculating the time taken for laser pulses to bounce back from objects. This technology offers high precision and fast response times and is essential for advanced driver assistance systems (ADAS) and autonomous vehicle applications.

The Frequency-Modulated-Continuous-Wave (FMCW) is the fastest-growing segment in the Automotive LiDAR Sensors Market due to its ability to measure both distance and velocity with high precision. FMCW's superior performance in detecting fast-moving objects, lower interference, and longer range makes it ideal for advanced autonomous driving applications, driving its rapid adoption.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Automotive Lidar Sensors Industry. Request a Free Sample PDF!

Automotive LiDAR Sensors Market Technology Segment Analysis

According to Cognitive Market Research, the solid-state segment holds the largest share of the market due to its compact design, durability, and lower cost compared to traditional mechanical systems. Its lack of moving parts increases reliability, making it ideal for mass production and integration into advanced driver assistance systems (ADAS) and autonomous vehicles, driving widespread adoption.

In the Automotive LiDAR Sensors Market, the electro-mechanical sector has been expanding at a rapid pace due to their superior range, resolution, and reliability in detecting obstacles. These sensors offer enhanced performance for autonomous driving systems, making them highly attractive for automakers focused on developing advanced driver assistance systems (ADAS) and autonomous vehicles.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Automotive Lidar Sensors Image Type Segment Analysis

Automotive LiDAR Sensors Market Image Type Segment Analysis

According to Cognitive Market Research, the two-dimensional segment holds the largest market share due to their cost-effectiveness, simpler design, and ability to meet the current needs of advanced driver assistance systems (ADAS). While offering reliable obstacle detection and navigation support, they are widely adopted in semi-autonomous vehicles, making them a preferred choice over more complex 3D systems.

In the Automotive LiDAR Sensors market, the rapidly growing sector is the three-dimensional category due to their ability to create high-resolution, real-time maps of vehicle surroundings. This enhances precision in detecting objects and obstacles, crucial for autonomous driving and advanced driver assistance systems (ADAS), driving demand for safer, smarter vehicles.

• 2 Dimensional
• 3 Dimensional

Automotive Lidar Sensors Vehicle Type Segment Analysis

Automotive LiDAR Sensors Market Vehicle Type Segment Analysis

According to Cognitive Market Research, the Internal Combustion Engine (ICE) segment dominates the market due to its continued prevalence in the global automotive fleet. As lidar technology becomes integral to advanced driver assistance systems (ADAS) and safety features, ICE vehicles offer a large, established platform for integrating these sensors despite growing interest in electric vehicles.

Battery electric is projected to be the fastest-growing segment in the Automotive LiDAR Sensors market due to the increasing adoption of autonomous driving technologies in EVs. Lidar sensors enhance safety and efficiency, aligning with the advanced driver assistance systems (ADAS) required for BEVs, making them ideal for fully autonomous and smart transportation solutions.

• Internal Combustion Engine (ICE)
• Hybrid
• Battery Electric

Automotive Lidar Sensors Application Segment Analysis

Automotive LiDAR Sensors Market Application Segment Analysis

According to Cognitive Market Research, the semi-autonomous vehicles segment holds the largest share of the market as they rely on lidar technology for advanced driver assistance systems (ADAS) like lane-keeping, adaptive cruise control, and collision avoidance. Lidar’s high precision in detecting obstacles and surroundings makes it essential for enhancing safety and functionality in these semi-autonomous systems.

In the Automotive LiDAR Sensors Market, the autonomous vehicles sector has been expanding at a rapid pace due to the critical role lidar plays in enabling precise environment mapping and obstacle detection. As automakers and tech companies accelerate efforts toward full autonomy, the demand for reliable, high-performance lidar sensors continues to surge.

• Semi-autonomous Vehicles
• Autonomous Vehicles

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.

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