Automotive LiDAR Trends and Forecast
The future of the global automotive LiDAR market looks promising with opportunities in the frequency-modulated continuous wave (FMCW) and time of flight (TOF) markets. The global automotive LiDAR market is expected to reach an estimated $2.65 billion by 2030 with a CAGR of 25.4% from 2024 to 2030. The major drivers for this market are on-going technological advancement in the automotive industry, increasing penetration of semi-autonomous vehicles, and rising demand of premium vehicles.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Automotive LiDAR by Segment
The study includes a forecast for the global automotive LiDAR by image type, location, measurement process, level of autonomy, and region.
Automotive LiDAR Market by Image Type [Shipment Analysis by Value from 2018 to 2030]:
• 2D
• 3D
Automotive LiDAR Market by Location [Shipment Analysis by Value from 2018 to 2030]:
• Bumpers & Grills
• Headlights & Taillights
• Roofs & Upper Pillars
• Other Locations
Automotive LiDAR Market by Measurement Process [Shipment Analysis by Value from 2018 to 2030]:
• Frequency-modulated Continuous Wave (FMCW)
• Time of Flight (ToF)
Automotive LiDAR Market by Level of Autonomy [Shipment Analysis by Value from 2018 to 2030]:
• Semi-autonomous
• Autonomous
Automotive LiDAR Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Automotive LiDAR Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive LiDAR companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive LiDAR companies profiled in this report include-
• Valeo
• Denso
• Innoviz Technologies
• Velodyne LiDAR
• Luminar Technologies
Automotive LiDAR Market Insights
Lucintel forecasts that autonomous will remain the larger segment over the forecast period due to growing inclination towards autonomous mobility.
Within this market, time of flight (tof) will remain the largest segment due to broadly embraced by the majority of automotive LiDAR manufacturers.
APAC is expected to witness highest growth over the forecast period due to increasing vehicle production and presence of kay automotive component manufacturers in the region.
Features of the Global Automotive LiDAR Market
Market Size Estimates: Automotive LiDAR market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Automotive LiDAR market by various segments, such as by image type, location, measurement process, level of autonomy and region in terms of ($B).
Regional Analysis: Automotive LiDAR market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different image types, locations, measurement process, level of autonomy, and regions for the automotive LiDAR market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive LiDAR market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the automotive LiDAR market size?
Answer: The global automotive LiDAR market is expected to reach an estimated $2.65 billion by 2030.
Q.2 What is the growth forecast for automotive LiDAR market?
Answer: The global automotive LiDAR market is expected to grow with a cagr of 25.4% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the automotive LiDAR market?
Answer: The major drivers for this market are on-going technological advancement in the automotive industry, increasing penetration of semi-autonomous vehicles, and rising demand of premium vehicles.
Q4. What are the major segments for automotive LiDAR market?
Answer: The future of the automotive LiDAR market looks promising with opportunities in the frequency-modulated continuous wave (fmcw) and time of flight (tof) markets.
Q5. Who are the key automotive LiDAR market companies?
Answer: Some of the key automotive LiDAR companies are as follows:
• Valeo
• DENSO
• Innoviz Technologies
• Velodyne LiDAR
• Luminar Technologies
Q6. Which automotive LiDAR market segment will be the largest in future?
Answer: Lucintel forecasts that autonomous will remain the larger segment over the forecast period due to growing inclination towards autonomous mobility.
Q7. In automotive LiDAR market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to increasing vehicle production and presence of kay automotive component manufacturers in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automotive LiDAR market by image type (2D and 3D), location (bumpers & grills, headlights & taillights, roofs & upper pillars, and other locations), measurement process (frequency-modulated continuous wave and time of flight), level of autonomy (semi-autonomous and autonomous), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Automotive LiDAR Market, Automotive LiDAR Market Size, Automotive LiDAR Market Growth, Automotive LiDAR Market Analysis, Automotive LiDAR Market Report, Automotive LiDAR Market Share, Automotive LiDAR Market Trends, Automotive LiDAR Market Forecast, Automotive LiDAR Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.