Automotive LiDAR Market

Global Automotive LiDAR Market is valued at USD 588.47 Million in 2021 and expected to reach USD 2422.12 Million by 2028 with a CAGR of 22.40% over the forecast period.

Scope of Global Automotive LiDAR Market

LiDAR, which refers to "Light Detection and Ranging," is a sensor technology that can produce a map of its surroundings. These rotating cylinder things might be seen in initial self-driving automobiles. The maps produced by these sensors are crucial for self-driving capabilities. LiDAR devices, in particular, emit infrared energy and monitor the duration it requires for the light to rebound off an obstacle and return to the sensor, resulting in a three-dimensional image. There are two varieties of LiDAR: frequency-modulated continuous-wave (FMCW) and Time of Flight (ToF) LiDAR. Although they all serve the same purpose, each of them has their own benefits and downsides. ToF is the most popular kind of LiDAR on automobiles since it is equipped with the ability to analyze its environment by detecting light pulses or photons that are sent out and returned. FMCW LiDAR, on the other hand, puts out a constant stream of laser instead of pulses of it to scan its environment. It is worth noting that FMCW LiDAR has a restricted field of view, cars with several LiDAR sensors often use it, while ToF comprises of a 360-degree radius, enabling a single device to complete the job.

Citing the WHO's advice, governments in several nations imposed lockdowns and trade restrictions, disrupting automobile component shipments, particularly from China while leading to large-scale production disruptions throughout Europe, and the shutdown of assembly factories in the United States. As a result, lower vehicle production owing to temporary plant shutdowns is projected to have a negative effect on the demand for LiDAR detectors in the automotive industry. The pandemic, meanwhile, is projected to have a negative impact on the automobile LiDAR business.

The global automotive LiDAR Market is segmented based on the product type, component, technology, imagine type, power, vehicle type, and region & country level. Based on product type, the global automotive LiDAR market is segmented into aerial, Terrestrial/Static, mobile and short-range. By component, the market is segmented into camera & GPS/GNSS receiver, laser, inertial navigation system, micro electro mechanical system and others. By technology, the global automotive LiDAR market is segmented into solid state and mechanical/scanning. By imaging type, the global automotive LiDAR market is segmented into 2-Dimensional and 3-Dimensional imaging. By power, the global automotive LiDAR market is segmented into Internal Combustion Engine (ICE), Battery Electric Vehicle (BEV) and Hybrid Electric Vehicle (HEV). By vehicle type the market is segmented based on semi-autonomous vehicles and autonomous vehicles.

The regions covered in the global Automotive LiDAR market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global Automotive LiDAR is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.

Automotive LiDAR Segments

By Technology Type

• Mechanical LiDAR
• Solid-State LiDAR

By Vehicle Type

• Passenger Vehicles
• Commercial Vehicles

By Image Projection

• 2D LiDAR
• 3D LiDAR

By Range

• Short & Mid-Range (Below 170 m)
• Long Range (above 170 m)

By Propulsion Type

• Internal Combustion Engine
• Electric
• Hybrid

By Application

• Adaptive Cruise Control (ACC)
• System Automatic Emergency Braking (AEB)
• System Blind Spot Detection (BSD)
• System Lane Keeping Assistance System (LKAS)

Automotive LiDAR Companies

The major players included in the global automotive LiDAR market forecast are,

• Aeva Inc.
• AEye
• Blackmore Sensors and Analytics
• Cepton Technologies
• Hesai Technology
• Innoviz Technologies
• Innovusion
• LeddarTech
• Luminar Technologies
• Ouster
• Phantom Intelligence
• Quanergy Systems
• RoboSense
• Valeo
• Velodyne Lidar
• Others

News

RoboSense Launched E1, A High-Performance Flash Solid-State LiDAR

On November 22^nd, 2022; RoboSense, a pioneer in the field of Smart LiDAR Sensor Systems, recently conducted a tech day event and new product introduction. RS-LiDAR-E1 (E1), a flash solid-state LiDAR that views 360 degrees and is based on RoboSense's in-house, custom-developed chips and flash technology platform, was formally introduced during the conference. The only on-board LiDAR lab in the industry that has been accredited by the China National Accreditation Service (CNAS) made its debut, and Luxshare-ICT, a prominent domestic electronics manufacturer, and ICT jointly hosted the unveiling ceremony for the Luxsense smart manufacturing joint venture.

Auve Tech introduced MiCa, a new generation self-driving vehicle

On October 24^th, 2022; MiCa is a next-generation self-driving shuttle was developed by Auve Tech, an Estonian technology firm that develops and manufactures driverless vehicles. It raised the bar for safety, convenience, and self-driving to unmatched heights, enabling automated driving in a variety of weather and traffic circumstances. Safety has remained the primary emphasis of the next-generation vehicle's development. MiCa has seven LiDAR detectors and 10 cameras, allowing it to see farther than the previous generation and give a 360-degree view of its surroundings.

Mercedes-Benz acquires shares in lidar maker Luminar

On January 20^th, 2022; Mercedes-Benz revealed that Luminar's lidar sensors would be integrated into future production cars to allow autonomous driving abilities. The German manufacturer will also invest in the Orlando, Florida-based startup, purchasing 1.5 million shares.

Increasing Adoption of ADAS Technologies, Rising demand for vehicles and Increasing Product Launches by Major Players are Some of the Major Factors Driving the Market Growth

With the introduction of ADAS and self-driving cars, there is an escalating demand for a technology that can aid the operator in the driving procedure and make it simpler for the driver to navigate without bothering about security and control difficulties. However, since ADAS and autonomous cars rely on input from automated systems, more precise and dense data must be delivered to the system. Due to the different operating limits of these sensors, cameras/RADARs/ultrasonic sensors are insufficient to match these sensing needs, necessitating the use of Light Detection and Ranging (LiDARs) for a greater degree of automation. The rising frequency of accidents and fatalities is one of the primary causes behind the increased demand for car ADAS technology. Based on a World Health Organization (WHO) study released in February 2020, over 1.35 million individuals die each year in traffic accidents. To avoid this, the organization devised a 2030 timeline for sustainable growth to reduce road traffic injuries and fatalities by 50% by 2030.

Throughout the projected period, the worldwide automobile LiDAR industry is expected to rise at a rapid pace. The elevated growth percentage in the quantity of LiDARs is anticipated due to increasing customer requirements, extensive use of LiDARs in high-level automated cars, immense growth in R&D for automobiles LiDAR to improve the functionalities of the LIDAR framework, and an expected decrease in LiDAR production markups after bulk production begins. Companies in the automobile LiDAR industry are concentrating their efforts on innovative product innovation. For example, Innoviz Technologies Ltd. launched its next-generation sensor "Innoviz360" in its product range in January 2022. Revenue from Innoviz360 is planned to begin in 2023.

North America is Expected to Capture a Major Share in the Global Automotive LiDAR Market

North America, dominated by the United States as well as Canada, is the world's most technologically advanced market. The region's industry is expanding because of the rising usage of LiDAR in industries such as environmental protection and monitoring, meteorology, corridor mapping, and urban development. The industry is also expanding as a result of the rising usage of LiDAR in autonomous automobiles and ADAS, which is likely to expand dramatically in the future years. Regional authorities, such as the United States, have enforced the deployment of AEBs and other security systems that combine or employ technology like RADAR, detectors, and LiDAR. Such restrictions compel manufacturers to include LiDAR systems into their ADAS, which has so far been found exclusively in premium vehicles. Despite these ongoing efforts and safeguards, many firms, including Tesla, and organizations remain unwilling to join the LIDAR bandwagon. The biggest problem is cost, since alternatives like cost-effective Laser Bolometers, which cost just a few dollars compared to thousands for LIDARs, may cut prices.

Furthermore, the European Union's ongoing efforts to improve vehicle safety are to blame for the rise in the deployment of light-detecting and ranging-based technologies in ADAS. Ongoing driverless vehicle testing in numerous European nations, particularly Germany and France, is also projected to improve LiDAR-based ADAS applications, leading in market development.

Market by Regional Analysis

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2021 - 2028
Market Size in 2021:	USD 255.29 Million
Base year considered	2021
Forecast Period CAGR %:	49.0%
Market Size Expected in 2028:	USD 4338.7 Billion
Tables, Charts & Figures:	175
Pages	300
Key Players/Companies	Aeva Inc., AEye, Blackmore Sensors and Analytics, Cepton Technologies, Hesai Technology, Innoviz Technologies, Innovusion, LeddarTech, Luminar Technologies, Ouster, Phantom Intelligence, Quanergy Systems, RoboSense, Valeo, Velodyne Lidar, Others.
Segments Covered	By Product type, By Component Type, By Technology, By Imaging Type, By Power, By Vehicle Type
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa