Global Automotive Lidar Market 2021-2026

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    GLOBAL AUTOMOTIVE LIDAR MARKET

     

    INTRODUCTION

    LIDAR – also called laser scanners or laser radar is a sensing method that detects objects and maps their distances. The technology works by illuminating a target with an optical pulse and measuring the characteristics of the reflected return signal. This pulse width varies from few nanoseconds to microseconds.

     

    infographic: Automotive Lidar Market, Automotive Lidar Market size, Automotive Lidar Market trends, Automotive Lidar Market forecast, Automotive Lidar Market risks, Automotive Lidar Market report, Automotive Lidar Market share

    Car manufacturers are outfitting modern cars with a wide array of advanced control and sensing functions. Collision warning, Adaptive Headlights & Cruise Control, Lane Departure, Pedestrian Collision Warning, Blind-Spot Monitors and several other drivers assist features. For all these features one stand-out technology which helps incorporates these features and run smoothly is Lidar sensors.

     

    Highly or fully autonomous vehicles usually use multiple sensor technologies to create an accurate long- and short-range map of a vehicle’s surroundings. LIDAR and radar share a broad array of common features that can map surroundings as well as measure moving object’s speed.

     

     

    AUTOMOTIVE LIDAR MARKET SEGMENTATION

     

    By Geography

    • China
    • US
    • Europe
    • India
    • Japan
    • Latin America
    • ROW

     

    By Lidar Type

    • Mechanical
    • Solid-State
    • Microelectromechanical Systems
    • Flash Lidars
    • Optical Phase Array
    • Frequency Modulated Continuous Wave (FMCW)

     

    By Component

    • Lasers
    • Integrated Circuit
    • Optical Elements
    • Photodetectors
    • Others

     

    By Location

    • Bumper & Grille
    • Headlight & Taillight
    • Roof & Pillars
    • Others

     

    By Application

    • ADAS
    • Autonomous Vehicles
    • Robotics & Industrial Applications
    • Others

     

     

    BY TYPE

    Mechanical Lidar- Mechanical Lidars are the type of lidars that uses high-grade optics and a rotating assembly to create typically 360-degree field of view. These use powerful, collimated lasers that concentrate the return signal on the detector through highly focused optics.

     

    infographic: Automotive Lidar Market, Automotive Lidar Market size, Automotive Lidar Market trends, Automotive Lidar Market forecast, Automotive Lidar Market risks, Automotive Lidar Market report, Automotive Lidar Market share

     

    Solid State Lidar- These lidars have no spinning mechanical components and usually have reduced field of view; thus, it is cheaper. Using multiple channels at the front, rear and sides of a vehicle and fusing their data creates a field of view that rivals mechanical LIDAR.

     

    Flash Lidar- The operation of these lidars are very similar to that of a standard digital camera using an optical flash. Since this method captures the entire scene in a single image compared to the mechanical laser scanning method, the data capture rate is much faster

     

    AUTOMOTIVE LIDAR MARKET DYNAMICS

    The automotive industry is making efforts towards the development of autonomous and semi-autonomous vehicles, as a result of which the LiDAR technology is estimated to witness a surge in the demand in the coming years. The leading players in the market such as Scania, Daimler, Volvo, Volkswagen, General Motors, Waymo and many more are planning to launch autonomous and semi-autonomous vehicles. The companies in the LiDAR market have been focusing their developmental works on the LiDAR sensors of the next-generation with continuous wave frequency modulation technologies (CWFM) to determine the velocity as well as the distance of the target.

     

    The growth of the LiDAR based systems is primarily based on the increase in applications such as adaptation of LiDAR in UAVs, in engineering and constructional applications, in geographical information systems (GIS) with the emergence of 4D LiDARs and even the regulations for use of commercial drones are decreasing, these are the fuels powering the market.

     

    Since LiDAR is a safety-critical system for autonomous vehicle technology, it goes without saying that LiDAR sensor reliability is of utmost importance. US automotive LiDAR market dominated the global market in 2020 and is anticipated to maintain its leading position during the forecast period.

     

    The Automotive Lidar market in Europe is expected to be the fastest growing regional market during the forecast period.

     

    Lidar Modules and sensor fusions will account for the lion’s share of semiconductor that goes into ADAS equipped cars.

     

    COVID IMPACT ON LIDAR MARKET

    Due to the novel coronavirus pandemic countries across the globe following the directives of WHO are imposing lockdowns and trade restrictions in order to minimise infections. As a result of which the exports of automotive components and parts have been disrupted primarily from China, large manufacturing units across Europe and the electronic plants based in the US. The reduction in the production of automobiles due to these reasons has impacted the demand for LiDAR sensors negatively in the automotive sector.

     

    However, the Covid-19 pandemic is estimated to have an indirect impact on the market. Autonomous and semi-autonomous cars and other vehicles market is predicted to be on the rise in the future because of new evolving technologies and increased focus on clean energy initiatives. 

     

    To realise the importance of driverless and contactless delivery in attempts to control the infection rates, many grocery, food delivery and logistics companies have started to adopt delivery by autonomous vehicles which make use of LiDAR sensors extensively.

     

    The plunge in the market can also be seen due to the decrease in production of electronic components and integrated circuits. This decrease can be attributed due to the restrictions in the manufacturing units and trade restrictions. 

     

    GLOBAL AUTOMOTIVE LIDAR MARKET SIZE AND FORECAST

    Advent of autonomous vehicles will reshape the entire Automotive Lidar Market in one decade. Solid state Lidars are expected to have a significant growth for the market owing to its high-resolution and cheaper solutions.

     

    The focus area of the suppliers is development in incorporating multiple technologies and features into minimal hardware.

     

    The Global Automotive Lidar market is estimated at $XX Million in 2020, growing at –% CAGR till 2026.

     

    RECENT PRODUCT DEVELOPMENT IN AUTOMOTIVE LIDAR MARKET

    • In July 2021, San Francisco based Self-driving sensor maker AEye Inc has signed a deal with German supplier Continental and Autonomous Truck company TuSimple.
      • According to this deal AEye will deploy LiDAR sensors in the autonomous trucks developed by TuSimple, who are working with VW’s TRATON Group to develop a commercial-ready fully autonomous system for heavy-duty trucks, and is co-developing Level 4 self-driving trucks with Navistar.
    • BMW, Mercedes, China’s Xpeng as well as US based Lucid Motors are launching vehicles by the end of 2021 and in the year 2022 with LiDAR sensors as an option upgrade to the semi-autonomous model.
    • Volvo, the Swedish carmaker in collaboration with Luminar technologies has introduced LiDAR based flagship vehicle XC90, a fully electric SUV to be launched in the year 2022.
    • Nissan, an Indian automaker has announced the development of LiDAR based technology for autonomous driving ProPILOT to be integrated in 20 models by 2022.
    • In 2021, DENSO, a key mobility supplier in collaboration with Aeva, a US based LiDAR and perception system company to develop and launch the Frequency Modulated Continuous Wave LiDAR (FMCW).
    • In July 2021, Veoneer partnered with the pioneering Baraja to industrialise and develop their Spectrum-Scan LiDAR technology for the L2+ through L4 category of autonomous vehicle.
    • The company in January 2021, came under agreement with Qualcomm Technologies to collaborate on the development of scalable ADAS and autonomous driving (AD) solutions.
    • In June 2021, Quanergy announced a strategic collaboration with Sensata Technologies, a leading technology and sensor provider company for the development of smart LiDAR and 3D perception technologies for the sector.
    • In September 2020, A California based startup, Quanergy developed the world’s first of kind optical phased array (OPA) 3D LiDAR system for the automotive sector.
    • The company LeddarTech launched the LeddarTM Pixell 3D flash LiDAR module recently, the technology is optimised for blind spot coverage and proximity detection in urban areas.
    • BMW has selected Innoviz company’s flagship product, InnovizOne in Japan for use in its fully electric iX, upcoming autonomous car model.
    • At Auto Shanghai 2021, Velodyne showcased latest sensor technologies which are designed for advanced driver assistance systems (ADAS), autonomous vehicles, robotics, smart city infrastructure, delivery, industrial and more. Velodyne’s Alpha Prime, Vellaray H800, M1600, Vella and Velabit are some of the latest range of products exhibited at the meet.
      • Alpha prime is a lidar sensor that utilizes Velodyne’s 360-degree surround view perception technology to power safe autonomous mobility.
      • Vellaray H800 designed based on Micro-Lidar Array Architecture (MLA) and it is combined with long-range perception and a broad field of view also the sensor is designed for safe navigation and collision avoidance in ADAS and autonomous mobility applications
    • LeddarTech will provide their industry-leading LiDAR hardware and software components into Osram’s Percept LiDAR platform
    • Velodyne Lidar and China based Trunk Tech will collaborate in developing next-generation autonomous heavy trucks and to accelerate commercialization of driverless trucks in China’s logistics market.
    • Knightscope, Inc., a developer of advanced physical security technologies has selected Velodyne Inc to power its future 5th Generation Autonomous Security Robots.
    • Continental has expanded their product range of Lidars by investing in Robotic Vision and Sensing pioneer California based AEye. Both companies are jointly developing a high-performance long-range LiDAR sensor based on AEye’s patented 1550nm agile architecture that utilizes a novel advanced micro MEMS technology
    • Mitsubishi Electric has developed a compact light-detection and ranging (LiDAR) solution incorporating a micro-electromechanical system (MEMS) that achieves an extra-wide horizontal scanning to detect the shapes and distances of objects ahead in autonomous driving systems.
    • Bosch launched long range lidar sensors which will be used for improving ADAS and self-driving capabilities. Lidar sensors will see usage in detecting objects when the camera is unable to due to harsh lighting, better guidance at intersections and lane sensing when the marking visibility is low

     

    COMPETITIVE LANDSCAPE

    Some of the leading players in the automotive lidar technology are Continental AG (Germany), ZF Friedrichshafen AG (Germany), Infineon Technologies AG (Germany), Velodyne LiDAR, Inc. (U.S.), Texas Instruments, Inc. (U.S.), Leddartech, Inc. (U.S.), Quanergy Systems, Inc. (U.S.), and Innoviz Technologies, Ltd. (Israel).

     

    The California based startup Quanergy is appointed by PARIFEX as the supplier exclusive for production of long range 3D LiDAR for the speed detection on highways as of June 2021. The company’s M-series is selected for the project because of the long range of up to 200 m that it provides.

     

    The superior implementation of LiDAR sensors in various applications has been attracting investments from OEMs across the globe to enable the development and integration in next-generation autonomous vehicles. In July 2020, the Luminar Technologies an automotive LiDAR company received investments worth $100 million by the G2VP LLC, The Westly group as well as the Moore Strategic Ventures LLC, this raised to the total investments of $250 million in the company. With the help of these investments, the company has developed low-cost LiDAR technology for commercial trucks through a new platform – Iris.

     

    In 2020, Hesai Photonics Technology Co. Ltd, a LiDAR technology development company, received an investment worth $173 million as a part of the company’s series C funding round which was led by Bosch GmbH with Lightspeed Ventures LLC, DT Capital partners, ON Semiconductor Corp. as well as Qiming Venture Partners. The investments fueled the growth of LiDAR startups helping in the growth of the market.

     

    As of July 2021, Veoneer Inc. announced a merger agreement with Magna International Inc. Under the agreement Magna International will acquire Veoneer for a value worth $31.25 per share to a total value of $3.8 billion. This will extend Magna’s ADAS business by providing access to new customers and areas including Asia.

     

    The company Veoneer has done well in the second quarter of 2021, with a net sales of $398 million for the three months ending in June 30, which was a whooping 116% increase as compared to the same quarter the company experienced in 2020 during the pandemic. The sales for the year 2020 saw a decline of 28% from $ 1.9B to $ 1.37B. The active safety segment witnessed a minimum drop in sales compared to other segments as it dropped by 12% from $ 708M to $ 624M.

     

    The Lidar industry is dependent on software providers as technology partners for maximum utilization and improvement of the hardware. 

    Texas Instruments’ sales for year 2020 increased ever so slightly about 0.6% from $ 14.3B to     $ 14.4B.

     

    Velodyne Lidar shipped about 11.7K sensors in the FY-2020 and revenue dropped by 6% for the year 2020. Revenue dropped from $ 101M to $ 95M in the year. Projects in the pipeline for company increased from 131 to 183 at the end of 2020 compared to 2019.

     

    Of the $ 10.2B sales in 2020 Infineon’s automotive segment accounted for 43% of it i.e., ~$ 4.4B. There was 7% growth in the overall sales in 2020. In Q1-2021 company’s sales reached $ 3.1B and automotive segment accounted for 44% of it i.e., $ 1.38B.

     

    LeddarTech is one of the global leaders in providing sensing solutions for autonomous mobility and for driver assistance systems. Moreover, LeddarTech products and solutions are actively deployed in autonomous shuttles, trucks, buses, delivery vehicles, smart cities/factories, and robotaxi applications. California based Quanergy has collaborated with Chinese OEM Geely to develop and commercialize solutions for the broad deployment of smart city and autonomous vehicle systems.

     

    Shacman Trucks in China has selected Innoviz Technologies’ solid-state Lidars which will enable driverless port operations, a step towards autonomous vehicle development in the CV segment.

     

    COMPANY PROFILES

    1. Veoneer
    2. Infineon AG
    3. Bosch
    4. Continental
    5. ZF
    6. Velodyne Lidar Inc
    7. Texas Instruments, Inc
    8. LeddarTech Inc
    9. Quanergy Systems Inc
    10. Innoviz Technologies
    11. Mitsubishi Electric

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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