Global Automotive LIDAR Sensors Market

Automotive LIDAR Sensors Market Size, Share, Growth Analysis, By Application(Semi-Autonomous Vehicle, Autonomous Vehicles), By Technology(Mechanical LiDAR, Solid-state LiDAR), By Range(Short- & Mid-range, Long-range), By Vehicle(Time of Flight and Frequency-Modulated-Continuous-Wave (FMCW)), By Type(Internal Combustion Engine (ICE), Electric & Hybrid), By Region - Industry Forecast 2024-2031


Report ID: SQMIG10A2030 | Region: Global | Published Date: March, 2024
Pages: 173 |Tables: 138 |Figures: 76

Automotive LIDAR Sensors Market Insights

Global Automotive LIDAR Sensors Market size was valued at USD 555 million in 2022 and is poised to grow from USD 782 million in 2023 to USD 12147.64 million by 2031, growing at a CAGR of 40.9% in the forecast period (2024-2031).

One of the common drivers of the global automotive LIDAR sensors market is the growing demand for semi-autonomous and fully autonomous vehicles. Increase in adoption of automotive safety features with stringent government standards establish specific mandatory operational systems to configure specific operational systems such as automatic emergency braking systems automation leading to exponential vehicle lidars development and source reduction, delivery time and production.

Like the U.S. has been mandated by regional governments for AEB and other safety systems, which use technology in combination or alone with radar, sensors and lidar Such regulations require automakers to use Lidar as their fully integrated ADAS of luxury segment cars. Despite these efforts and strides, many companies, especially Tesla and many organizations are still hesitant to jump on the LIDAR wagon. The main issue is related to price because low-cost infrared bolometers with other techniques can reduce costs, for example as they cost up to a few dollars compared to thousands for LIDARs.

Market Snapshot - 2024-2031

Global Market Size

USD 555 million

Largest Segment

FMCW

Fastest Growth

Growth Rate

40.9% CAGR

Global Automotive LIDAR Sensors Market ($ Bn)
Country Share for Asia Pacific Region (%)

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Automotive LIDAR Sensors Market Segmental Analysis

Based on Application, the market is segmented into Semi-Autonomous Vehicle and Autonomous Vehicles. Based on Technology, the market is segmented into Mechanical LiDAR and Solid-state LiDAR. Based on Range, the market is segmented into Short- & Mid-range, Long-range. Based on Vehicle Type, the market is segmented into Internal Combustion Engine (ICE), Electric & Hybrid. Based on type, the market is segmented into Time of Flight and Frequency-Modulated-Continuous-Wave (FMCW). Based on region, the market is segmented into North America, Europe, Asia-Pacific, and Rest of LAMEA.

Analysis by Application

The Time of Flight (ToF) segment dominated the market in 2022. While Aircraft is dynamic 3D imaging and scanning technology. Compared to the other two 3D imaging techniques, structured light and stereo vision, ToF is fast, reliable and energy efficient. Due to its high price, ToF technology is expected to increase the demand for 3D imaging and scanning applications. These will be the major factors that will significantly impact the Automotive Lidar Sensors market during the forecast period.

The role of FMCW LiDAR segment components in the automotive LiDAR sensor market is to provide tailored solutions for various sensing needs, considering factors such as range, resolution, size, and cost. The FMCW LiDAR works by continuously changing the frequency of the laser beam. This system is particularly useful for small to medium-sized applications, such as adaptive cruise control, collision avoidance and urban traffic.

 

Analysis by Technology

Solid-state sub-segment dominated the market in 2022. Solid-state LiDAR sensors are ideal for the automotive industry because they save space, tend to be invisible, and provide a more elegant and robust solution. The solid state of a LiDAR sensor is typically illuminated by a single laser beam, and the returned 3D data is captured by the ToF sensor array. These solid-state sensors are more expensive and more reliable than traditional scanning lidar sensors because they have few or no moving parts. These are predicted to be the major factors influencing the automotive LiDAR sensors market share during the forecast period.

Mechanical LiDAR segment dominated the market, playing a distinctive role in solving challenges and increasing capacity. Instrumental LiDAR systems typically use twisting or oscillating lenses to scan the laser beam in the environment. These systems are ideally suited for remote sensing systems in autonomous vehicles, as they can cover large distances and provide detailed 3D images of the environment.

Global Automotive LIDAR Sensors Market By Application, 2022 (%)

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Automotive LIDAR Sensors Market Regional Insights

The Asia-Pacific region is expected to account for the largest share of the automotive LIDAR sensors market during the forecast period. The region includes emerging countries such as India and China, as well as developed countries such as South Korea and Japan. South Korea, India, Japan and China have been considered for this study. Asia-Pacific is expected to be the largest market by 2030 (ICE & EV).

North America where the U.S. with Canada are leading the way is the best technological market in the world. The market growth in this segment is driven by the increasing use of LiDAR in applications such as environment, road mapping, weather and urban planning. The market is also witnessing growth due to the increasing use of LiDAR in driverless cars and ADAS, which are expected to make such a significant increase in the coming years.

Global Automotive LIDAR Sensors Market By Region, 2024-2031
  • Largest
  • Fastest

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Automotive LIDAR Sensors Market Dynamics

Drivers

Rising Demand for Luxury Cars

  • As economies improve, people's lifestyles change drastically on a global scale. Take note of the shifts in the economy, particularly in developing nations like China, India, and Brazil. Increased global sales of passenger automobiles overall, particularly luxury vehicles, suggests that living and economic conditions have improved. A lot of families relocate to areas with higher incomes. Global sales of luxury cars have benefited from this.

Increased Mobility Services

  • Increasing use of carpooling, ridesharing, and autonomous mobility is fueling the demand for LiDAR sensors. These projects rely on precision detection technology to ensure passenger safety and optimize vehicle performance, increasing the use of LiDAR sensors. Continuous advances in LiDAR sensor technology, such as increased range, higher resolution, and reduced cost, make LiDAR more attractive for automotive applications. New features of solid-state LiDAR and MEMS-based sensors internally contribute to the growth of the market.

Restraints

Lack of Standardization for LiDAR

  • Lidar sensors are gaining acceptance in the automotive industry as a means of obtaining accurate spatial information about shape and surface properties for the development of autonomous and semi-autonomous vehicles. The market offers new opportunities, but shape must be consumed overcome certain types and performance considerations to obtain the best results from lidar systems. These systems emit bright light, usually in the form of ultraviolet (UV) light or near-infrared (NIR), to detect light damage. These tiny roots are impervious to clouds, rain, snow or fog. Thus, when a lidar system is installed, weather must be considered before commercialization.

Increased Cost

  • Lidar sensors are currently more expensive than other sensor technologies such as radar cameras, which may hinder their widespread adoption, and efforts to reduce costs are necessary for LiDAR sensors to develop expensive for in-vehicle applications, especially in mass-market vehicles.

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Automotive LIDAR Sensors Market Competitive Landscape

The competitive environment of the Global Automotive LIDAR Sensors Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Competitive competitiveness in this industry is primarily based on sustainable competitive advantage through innovation. The market penetration of this technology is moderate, and many businesses are exploring its potential. This gives companies the opportunity to attract new markets, thereby promoting competition. The amount of marketing and advertising in this industry is high, while the amount of agency focus is moderate and high.

Top Player’s Company Profiles

  • Cepton Inc.
  • Continental AG
  • Denso Corp.
  • First Sensor AG
  • HELLA GmbH & Co. KGaA
  • Ibeo Automotive Systems GmbH
  • Infineon Technologies AG
  • Innoviz Technologies Ltd.
  • LeddarTech Inc.
  • Leishen Intelligent Systems Co. Ltd.
  • Lumibird Canada
  • Luminar Technologies Inc.
  • Ouster Inc.
  • Quanergy Systems Inc.
  • TetraVue Inc.
  • Valeo SA
  • Velodyne Lidar Inc.
  • ZF Friedrichshafen AG

Recent Developments

  • In May 2022, Quanergy Systems Inc., a provider of LiDAR sensors and intelligent 3D solutions, used its Optical Phased Array (OPA) technology to successfully detect objects at 250 meters. This provides a pathway to its S3 Series Advancing production of industry-leading LiDAR , scalable CMOS uses a silicon manufacturing process that increased the range introduced earlier in the year to 2.5 times that of 2021.
  • In November 2021, Continental AG upgraded its automated driving (AD) and environmental sensor portfolio with the introduction of the HFL110 solid-state 3D flash lidar sensor
  • In June 2021, Velodyne Lidar, Inc. will have 100,000 shares. introduced its next-generation Velabit sensor. These sensors have low cost, safety features and are designed for autonomous solutions. Velabit is a solid-state sensor that offers a horizontal FoV of 90° and a horizontal FoV of 70°.

Automotive LIDAR Sensors Key Market Trends

Rising Demand for Vehicles

  • Many driver assistance features, such as Lane Departure Warning (LDW), Blind Spot Detection (BSD), Forward Collision Warning System (FCWS), and Adaptive Cruise Control (ACC), have no legal or policy mandate. It turns out some premium them manufacturers offer these features to maintain their vehicles in the market, creating healthy competition among automakers. According to Primary Investments, the demand for luxury passenger cars will grow promisingly in the near future, especially in the Asia Pacific region. The demand for automotive lidar is expected to rise in tandem with the increase in demand for larger vehicles. Increasing demand for comfort and luxury, changing consumer preferences, increasing standard of living, safety concerns and increasing consumption are expected to drive the automotive LIDAR sensors market.

Automotive LIDAR Sensors Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

Factors such as increasing sales of high-end vehicles, rise in ADAS technology in vehicles will increase the demand for automotive lidar sensors. Improvement in the development of autonomous vehicles, electrification increasing sales of vehicles equipped with lidar technology will create new opportunities for this market. The North America market is expected to grow at a significant CAGR due to the rising use of LiDAR in fields like environmental monitoring, road mapping, meteorology, and urban planning, which is propelling the market expansion of the market.

Report Metric Details
Market size value in 2022 USD 555 million
Market size value in 2031 USD 12147.64 million
Growth Rate 40.9%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Million
Segments covered
  • Application
    • Semi-Autonomous Vehicle, Autonomous Vehicles
  • Technology
    • Mechanical LiDAR, Solid-state LiDAR
  • Range
    • Short- & Mid-range, Long-range
  • Vehicle
    • Time of Flight and Frequency-Modulated-Continuous-Wave (FMCW)
  • Type
    • Internal Combustion Engine (ICE), Electric & Hybrid
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Cepton Inc.
  • Continental AG
  • Denso Corp.
  • First Sensor AG
  • HELLA GmbH & Co. KGaA
  • Ibeo Automotive Systems GmbH
  • Infineon Technologies AG
  • Innoviz Technologies Ltd.
  • LeddarTech Inc.
  • Leishen Intelligent Systems Co. Ltd.
  • Lumibird Canada
  • Luminar Technologies Inc.
  • Ouster Inc.
  • Quanergy Systems Inc.
  • TetraVue Inc.
  • Valeo SA
  • Velodyne Lidar Inc.
  • ZF Friedrichshafen AG
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Automotive LIDAR Sensors Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Automotive LIDAR Sensors Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Automotive LIDAR Sensors Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive LIDAR Sensors Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive LIDAR Sensors Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

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Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

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FAQs

Automotive LIDAR Sensors Market size was valued at USD 555 million in 2022 and is poised to grow from USD 782 million in 2023 to USD 12147.64 million by 2031, growing at a CAGR of 40.9% in the forecast period (2024-2031).

The competitive environment of the Automotive LIDAR Sensors Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Competitive competitiveness in this industry is primarily based on sustainable competitive advantage through innovation. The market penetration of this technology is moderate, and many businesses are exploring its potential. This gives companies the opportunity to attract new markets, thereby promoting competition. The amount of marketing and advertising in this industry is high, while the amount of agency focus is moderate and high. 'Cepton Inc.', 'Continental AG', 'Denso Corp.', 'First Sensor AG', 'HELLA GmbH & Co. KGaA', 'Ibeo Automotive Systems GmbH', 'Infineon Technologies AG', 'Innoviz Technologies Ltd.', 'LeddarTech Inc.', 'Leishen Intelligent Systems Co. Ltd.', 'Lumibird Canada', 'Luminar Technologies Inc.', 'Ouster Inc.', 'Quanergy Systems Inc.', 'TetraVue Inc.', 'Valeo SA', 'Velodyne Lidar Inc.', 'ZF Friedrichshafen AG'

As economies improve, people's lifestyles change drastically on a scale. Take note of the shifts in the economy, particularly in developing nations like China, India, and Brazil. Increased sales of passenger automobiles overall, particularly luxury vehicles, suggests that living and economic conditions have improved. A lot of families relocate to areas with higher incomes. sales of luxury cars have benefited from this.

Many driver assistance features, such as Lane Departure Warning (LDW), Blind Spot Detection (BSD), Forward Collision Warning System (FCWS), and Adaptive Cruise Control (ACC), have no legal or policy mandate. It turns out some premium them manufacturers offer these features to maintain their vehicles in the market, creating healthy competition among automakers. According to Primary Investments, the demand for luxury passenger cars will grow promisingly in the near future, especially in the Asia Pacific region. The demand for automotive lidar is expected to rise in tandem with the increase in demand for larger vehicles. Increasing demand for comfort and luxury, changing consumer preferences, increasing standard of living, safety concerns and increasing consumption are expected to drive the automotive LIDAR sensors market.

The Asia-Pacific region is expected to account for the largest share of the automotive LIDAR sensors market during the forecast period. The region includes emerging countries such as India and China, as well as developed countries such as South Korea and Japan. South Korea, India, Japan and China have been considered for this study. Asia-Pacific is expected to be the largest market by 2030 (ICE & EV).

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