Automotive LiDAR Market Forecast 2035:
According to the report, the global automotive LiDAR market is likely to grow from USD 0.9 Billion in 2025 to USD 5.3 Billion in 2035 at a highest CAGR of 19.6% during the time period. The expansion of the automotive LiDAR market all over the world is likewise motivated by the swift move towards autonomous driving and advanced driver-assistance systems (ADAS) where LiDAR is important in delivering accurate 3D cartography of the environment and accurate object recognition that is vital in vehicle safety. Having a world-wide autonomous vehicle rollout that is predicted to surpass 33 million by 2030, OEMs are now embedding LiDAR sensors in passenger and commercial vehicles and EV. The increased attention to electric cars only contributes to the increased demand because small-scale and compact LiDAR systems are more energy-efficient yet allow the system to implement more advanced collision avoidance and navigation functionalities. Solid-state, MEMS, and flash LiDAR technological innovations which are smaller, cheaper and less power-consuming make sensors more appropriate to mass-market adoption. Moreover, the government regulations and safety in some parts of the world such as North American, Europe and Asia Pacific promote the use of advanced sensing technologies in new automobiles. Partnerships between LiDAR devices manufacturers and automobile makers as well as increasing investments in smart infrastructure mobility remain driving expansions in the global automotive LiDAR market.
“Key Driver, Restraint, and Growth Opportunity Shaping the Global Automotive LiDAR Market
One significant limitation is that the complexity of integration and calibration during vehicle design. LiDAR placement is to be done with Northern latitude and with flawless coordinated positioning with cameras, radar and electronic control units (ECUs). Incorrect calibration may impact on performance, lead to higher warranty claims and slow down vehicle manufacturing particularly in mass-market EVs or compact car segments.
The increased need to have cost effective and miniature LiDAR sensors is a major opportunity in the global automotive LiDAR market. Solid-state and MEMS LiDAR innovations enable OEMs to embrace high-performance sensors at reduced costs, enabling them to broaden to a wide range of EVs in the middle range, commercial vehicles, and fleet automation, and increase the total addressable market.
Expansion of Global Automotive LiDAR Market
“Connected Vehicles, Technological Innovation, and EV Growth Driving Automotive LiDAR Market Expansion”
Regional Analysis of Global Automotive LiDAR Market
Prominent players operating in the global automotive LiDAR market are Aeva Technologies, Inc., AEye, Inc., Blickfeld GmbH, Continental AG, Denso Corporation, Hesai Technology Co., Ltd., Ibeo Automotive Systems GmbH, Innoviz Technologies Ltd., LeddarTech Inc., Livox (subsidiary of DJI), Luminar Technologies, Inc., Ouster, Inc., Panasonic Corporation, Quanergy Systems, Inc., Robert Bosch GmbH, Seoul Robotics, Valeo S.A., Velodyne Lidar, Inc., Waymo LLC (subsidiary of Alphabet Inc.), ZF Friedrichshafen AG, and Other Key Players.
The global automotive LiDAR market has been segmented as follows:
Global Automotive LiDAR Market Analysis, by Technology Type
Global Automotive LiDAR Market Analysis, by Component
Global Automotive LiDAR Market Analysis, by Placement
Global Automotive LiDAR Market Analysis, by Image Projection
Global Automotive LiDAR Market Analysis, by Vehicle Autonomy Level
Global Automotive LiDAR Market Analysis, by Range
Global Automotive LiDAR Market Analysis, by Application
Global Automotive LiDAR Market Analysis, by Vehicle Type
Global Automotive LiDAR Market Analysis, by Propulsion Type
Global Automotive LiDAR Market Analysis, by Sales Channel
Global Automotive LiDAR Market Analysis, by Region
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