Automotive LiDAR Market Growth Trends, Volume Insights & Outlook 2030

Future Automotive LiDAR Market: Key Dynamics, Size & Share Analysis

The Global 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. The primary growth for the market is due to the increasing adoption and evolution of autonomous vehicles. Usually, companies use various sensors and radars to get the spatial representation of the surrounding environment of the automobile. But with the technological advancement in LiDAR technology which is capable of generating a high-quality mapping of the environment has greatly improved the reliability and safety of autonomous and semi-autonomous vehicles.

Top Market Challenges Impacting the Automotive LiDAR Market Growth

High Cost of LiDAR Technology Impeding Market Growth – LiDAR technology is pretty good at generating high-definition representations of the surrounding environment. Implementation of this technology will greatly enhance the capabilities of an automobile in terms of achieving higher levels of autonomy of vehicles but it is an expensive technology because of high Lidar sensor cost. The high cost can be an important factor in discouraging automotive Lidar sensor manufacturers, especially considering the mass market vehicle, which is quite sensitive to the pricing of the vehicle. Such scenarios can act as an obstacle to the wider usage of LiDAR technology in the automobile industry.

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Understanding the Core Segments in the Automotive LiDAR Market

Automotive LiDAR Market Size, Share & Industry Trends Analysis- 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), By Vehicle Type (Passenger Vehicles [Internal Combustion Engine [ICE] Vehicle, Electric Vehicle [EV]], Commercial Vehicles), By Demand Type (OEM, Replacement) and Others.

Geographical Analysis of the Automotive LiDAR Market

By Region

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

Who Dominates the Automotive LiDAR Market Insights on Key Industry Players?

Companies are strengthening their presence in the Automotive LiDAR market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.

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.

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