Global Automotive LiDAR Market 2024-2030

    In Stock

    AUTOMOTIVE LiDAR MARKET

     

    KEY FINDINGS

    • ADAS features like adaptive cruise control, lane departure warning, and automatic emergency braking rely on LiDAR sensors for accurate object detection and collision avoidance.
    • Advanced Driver Assistance Systems like lane departure warning, adaptive cruise control, and automatic emergency braking rely on LiDAR sensors for object detection and collision avoidance. Increasing demand for these features is driving LiDAR adoption across various vehicle segments.
    • Autonomous vehicles require high-resolution 3D mapping and object detection for safe navigation. LiDAR plays a crucial role in these functions, paving the way for autonomous driving technology.
    • LiDAR sensors are becoming more affordable due to advancements in technology and increased production scale. This makes them accessible to a wider range of vehicles and applications.
    • Solid-state LiDAR offers improved reliability and performance compared to traditional mechanical LiDARs. Its smaller size, lighter weight, and lower cost are attractive for automotive applications.
    • Integration of LiDAR sensors with other technologies like cameras and radar enhances overall perception and decision-making capabilities for autonomous driving.
    • Investments in dedicated lanes for AVs, smart city initiatives, and connected infrastructure create a favorable environment for AV development and deployment.
    • LiDAR plays a critical role in enabling AVs to navigate and interact with their surroundings, leading to increased demand as AV infrastructure expands.
    • LiDAR contributes to sustainability by optimizing traffic flow, reducing congestion, and facilitating the development of fuel-efficient vehicles. These sustainability benefits, along with the increasing focus on eco-friendly solutions, drive LiDAR adoption in the automotive industry.
    • Current LiDAR sensor technology is relatively expensive compared to other sensor technologies like cameras and radar. This high cost restricts the widespread adoption of LiDAR in lower-priced vehicles, hindering market penetration.
    • There are currently no standardized procedures for evaluating the performance and reliability of LiDAR sensors in different environments and situations. Developing and implementing standardized testing procedures will provide a more transparent and reliable assessment of LiDAR performance, boosting market confidence.

     

    AUTOMOTIVE LiDAR MARKET OVERVIEW

    The landscape of LiDAR sensors is evolving with groundbreaking technological advancements, resulting in more cost-effective, dependable, and compact sensors. This accessibility surge extends their utility across diverse applications.

     

    The growing demand for Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AVs), fueled by safety considerations and the pursuit of convenience, is a driving force propelling market expansion. Furthermore, the surge in regulatory mandates mandating safety features, such as lane departure warning and automatic emergency braking, adds momentum to the widespread adoption of LiDAR technology.

     

    Despite its transformative potential, the high cost associated with LiDAR sensors poses a notable hurdle to their widespread integration. The ever-evolving regulatory landscape surrounding Autonomous Vehicles introduces uncertainties, impacting LiDAR deployment. Within these challenges lie opportunities, especially in burgeoning markets marked by increased disposable incomes. Moreover, the diversification of LiDAR applications beyond the automotive realm presents a promising avenue for growth.

     

    Pioneering companies such as Velodyne LiDAR, Luminar Technologies, Continental AG, Valeo, and Bosch are strategically positioning themselves in the market. Their focus includes the continuous development of innovative sensors, exploration of new markets, and strategic collaborations with key players within the automotive and technology sectors. These approaches collectively underscore their commitment to shaping the trajectory of LiDAR technology in a dynamic and competitive landscape.

     

    AUTOMOTIVE LIDAR MARKET SIZE AND FORECAST

     

    The Global Automotive Lidar Market size was valued at USD xx billion in 2023 and is projected to reach USD xx billion by 2030, growing at a CAGR of xx% during the forecast period.

     

    AUTOMOTIVE LIDAR MARKET TRENDS

    Partnership between Velodyne LiDAR and NVIDIA marks a significant development in the pursuit of autonomous driving solutions. By combining Velodyne’s expertise in lidar technology with NVIDIA’s powerful computing platform, this collaboration aims to accelerate the development and deployment of safe and reliable autonomous vehicles.

     

    Traditional mechanical LiDARs are being surpassed by solid-state LiDARs due to their advantages in size, cost, reliability, and performance. This shift is driven by advancements in micro-electromechanical systems (MEMS) technology and the increasing demand for affordability and scalability.

     

    LiDAR is increasingly being integrated with cameras, radar, and other sensor technologies to create a more comprehensive understanding of the surrounding environment. This sensor fusion approach improves the accuracy and robustness of perception systems for ADAS and AV applications.

     

    LiDAR sensors are becoming smaller and more discreet, enabling seamless integration into the design of various vehicle types. This trend improves aesthetics and reduces the visibility of external sensors on vehicles.

     

    Governments worldwide are enacting stricter regulations requiring Advanced Driver Assistance Systems (ADAS) features in new vehicles. This trend has a significant impact on the demand for LiDAR technology, fueling its growth and potential in the automotive industry.

     

    This approach leverages software to configure and optimize LiDAR sensor performance for different applications and environments, offering greater flexibility and customization.

     

    LiDAR technology becomes more prevalent, ensuring its cybersecurity becomes paramount. Robust security measures are essential to protect against potential vulnerabilities and attacks that could compromise the integrity of data and sensor functionality.

     

    LiDAR technology is undergoing constant innovation, with developments in solid-state LiDAR, miniaturization, and 4D LiDAR offering improved performance, affordability, and integration into various vehicle types. These advancements will further fuel the adoption of LiDAR technology. 

     

    Ongoing advancements in technology and increased production scale are leading to a decrease in the cost of LiDAR sensors. This will make them more accessible to a wider range of vehicle segments, including budget-friendly models, and accelerate market penetration.

     

    AUTOMOTIVE LIDAR MARKET NEW PRODUCT LAUNCH

    Velodyne Alpha Prime Launched high-performance lidar sensor boasts a 360-degree horizontal field of view and a 130-degree vertical field of view, enabling superior object detection and tracking for autonomous driving applications.

     

    Luminar Iris Launched  long-range lidar sensor features 250 meters of range and 0.1° angular resolution, providing exceptional accuracy and detail for advanced ADAS and AV systems.

    Continental HFL 110 Launched  solid-state lidar sensor offers a compact form factor and high resolution, making it ideal for integration into various vehicle designs.

     

    Valeo Scala 2 Launched  next-generation lidar sensor delivers 3D perception at long range and high resolution, providing enhanced capabilities for ADAS and AVs.

     

    Cepton Nova Launched lidar sensor is designed for affordability and scalability, featuring a long range and wide field of view, making it suitable for mass production of ADAS-equipped vehicles.

     

    AUTOMOTIVE LiDAR MARKET SEGMENTATION

     

    Automotive LiDAR Market By Level of Autonomy

    • Level 2+
    • Level 3
    • Level 4

    Automotive LiDAR Market By Vehicle Type

    • Passenger Vehicles
    • Commercial Vehicles

    Automotive LiDAR Market By Product Type

    • Electro-mechanical
    • Solid State

    Automotive LiDAR Market By region

    • North America
    • Europe
    • China
    • Asia Ex China
    • ROW

     

    AUTOMOTIVE LiDAR MARKET COMPANY PROFILES

    • Velodyne LiDAR
    • Luminar Technologies
    • Continental AG
    • Valeo
    • Bosch
    • Cepton Technologies
    • Innoviz Technologies
    • Hesai Technology

     

    AUTOMOTIVE LiDAR MARKET REPORT WILL ANSWER THE FOLLOWING QUESTIONS

    1. What are the key factors driving the growth of the market?
    2.  What are the key challenges facing the market?
    3. What are the major trends in the market?
    4. What are the major players in the market?
    5. What are the government policies and regulations supporting the market?
    6. What are the investment opportunities in the market?
    7. What is the future outlook for the market?
    8. What are the different manufacturing processes for the Automotive Lidar Market?
    9. What are the different performance characteristics of different types of  Automotive Lidar Market?
    10. How is the Automotive Lidar Market expected to evolve in the coming years?
    11. What is the market size of Automotive Lidar Market, and how the market is expected to grow from 2023 to 2030?
    12. Who are the major players in the global Automotive Lidar Market?
    13. What are the recent new product launches in the global Automotive Lidar Market?
    14. What are the factors that are influencing the price of the Automotive Lidar Market?
    15. How does the role of LiDAR sensors differ across different levels of vehicle autonomy?
    16. How does the integration of LiDAR sensors align with the trend of connected vehicles?
    17. What factors contribute to the performance and reliability of LiDAR sensors in automotive applications?
    18. What role do LiDAR sensors play in enhancing the safety and functionality of ADAS and AVs?
    Sl no Topic
    1 Market Segmentation
    2 Scope
    3 Insights from Industry Stakeholders
    4 Evolution Of Lidar, Present Status, Cost And Manufacturing
    5 Top competitors for Lidar technology
    6 ADAS penetration in vehicles, by region
    7 Latest & Upcoming Automotive Lidar to the Market​
    8 OEM-Suppliers Partnership For Connected Car Market
    9 L2-L5 Automated Car Strategy, By OEM
    10 L2+ and L3 Automated Vehicles Production Timeline And Lidar Supplier
    11 L4 and L5 Automated Vehicles Production Timeline And Lidar Supplier
    12 Role of Lidar in L3 Autonomy
    13 Analyst view on Tesla vs Lidar
    14 Autonomous Shuttle Market And The Potential Opportunity For Lidar Suppliers
    15 Current Lidar usage, by region
    16 Growth opportunities for Lidar suppliers, by region
    17 ADAS Features with Lidar usage – 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Region, 2023-2030
    19 Market Segmentation, Dynamics and Forecast by Level of Autonomy Type, 2023-2030
    20 Market Segmentation, Dynamics and Forecast by Battery Vehicle, 2023-2030
    21 Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030
    22 Competitive Landscape
    23 Market share of major vendors - 2021
    24 Partnerships in the autonomous driving industry
    25 Developments in autonomous driving
    26 Company Profiles
    27 Unmet Needs and Market Opportunities
    28 5 Key predictions
    29 Conclusion
    0
      0
      Your Cart
      Your cart is emptyReturn to Shop