The Automotive LiDAR Market report by MarkNtel Advisors – Market Research Company, offers a comprehensive analysis of the current state of the market, including an overview of key players, emerging trends, and future growth prospects. The report is segmented into various sections, each dedicated to different aspects of the market such as market size, geographical shares, competitive landscape, and market dynamics.

How Big is the Automotive LiDAR Industry?

The Global Automotive LiDAR Market size is expected to rise at a CAGR of around 29% during the forecast period 2022-2027.

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Automotive LiDAR Market Growth Driver:

Rising Demand for Autonomous Vehicles Worldwide - The increasing inclination of automotive manufacturers toward manufacturing autonomous vehicles has accelerated the demand for automotive LiDAR sensors for enhancing safety requirements. The burgeoning advancements in autonomous vehicle technologies such as sensors, radars, and microprocessors, among others, have led to a surge in the adoption of autonomous vehicles, particularly from Level 1 to Level 3 as of now. Besides, the growing trend of Robo-taxis for seamless passenger transportation & automated delivery vehicles such as trucks, droids, etc., have opened new opportunities for LiDAR sensors to be equipped in these vehicles.

Moreover, to foster autonomous vehicle adoption, governments across the globe have introduced various policies, legislations, and initiatives that are expected to catalyze the demand for autonomous vehicles. In this regard, the European Union (EU) launched Horizon 2020, which aimed to provide research & innovation along with several funding programs to accelerate the incorporation of the autonomous vehicle. The program was stipulated for 2014-2020 with an estimated investment of USD88 billion & has stimulated the demand for LiDAR sensors in autonomous vehicles.

Competitor Breakdown: Top Automotive LiDAR Companies 2022-2027

  • 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

Note: Additional or any 5 specific company in the Market can be added to the list without any Extra cost.

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Geographical Analysis:

North America, Europe, Asia Pacific, Middle East & Africa, and South America

  • Share of each Geographical segment in the Market
  • Potential growth opportunities in the Geographically
  • The growth rate of the Geographical in the Industry

Breaking Down the Automotive LiDAR Market Segmentation:

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

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