Global Automotive LiDAR Market Industry Trends, Estimation & Forecast, 2018 - 2025

The technological advancements in spatial resolution of LiDAR-based digital terrain models provide incredible accuracy in applications such as change detection on hillsides, water runoff for agriculture or mining sites, and inland waterways. Because of this market is estimated to grow significantly over the forecast period due to automation in LiDAR, leading to a reduction in the human efforts and increased efficiency. Further, owing to the rising significance of LiDAR technology, it is expected to create great applicability in various industrial applications.

Low cost and increasing applications in SUV. Ground lidar possesses an exceptional ability to produce 3D images of land at coastal and other areas and ground movements, such as landslides, and it can be analyzed and measured by satellite imagery. Ground-based lidar is commonly used to scan outcrop consisting of near-vertical cliffs and rocky slopes along canyon walls and hillsides. ground-based lidar to collect damage morphology data at speeds, accuracies, and range that was previously unimaginable in the earthquake. Therefore, earth observation may significantly stimulate market growth.

The worldwide automotive LIDAR sensors market is mainly driven due to the strengths of LIDAR sensors. These are high angular resolution and wide view which is required in proper detection which has a higher demand in the market. Data scanned through this technology could record by the software tools, that can be used for creating a model for vehicles around them. An increase in the demand is observed for LIDAR serves a perfect connection between close ranges and far range sensors.

Furthermore, EERI, who partnered with GEER can utilize ground-based lidar to collect damage morphology data at speeds, certainty, and range that was previously unimaginable in the earthquake. Therefore, earth observation may significantly stimulate market growth.
Global LiDAR market size was valued at USD 1.1 billion in 2018. The market is expected to register a CAGR of 17.9% from 2019 to 2025.

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LiDAR market is segmented as airborne, terrestrial, and mobile and UAV. The airborne segment accounted for major share of the market, which is anticipated to increase in the next few years on account of increasing adoption of aerial mapping devices. Aerial LiDAR is an accurate and thorough method of creating digital elevation models, thereby replacing photogrammetry. This system delivers enhanced accuracy and larger area coverage as compared to its terrestrial counterparts. It provides more extensive area mapping in comparatively shorter time intervals.
Increasing investments of business giants in North America, such as General Motors, Google Inc., and Apple Inc., toward ADAS and driverless cars are providing new opportunities for small, versatile, and low-cost lidar systems. In addition, major companies in the market, such as Trimble, Faro, and Velodyne are based in the United States, which is another major factor for the large share of the North American market. Furthermore, the US defense industry has increased its military and defense spending, which has created opportunities for lidar to proliferate into the industry.

There is a high competency between the organizations such as AEye Inc., Continental AG, Delphi Technologies, DENSO CORPORATION, Ibeo Automotive Systems GmbH, Infineon Technologies AG, Innoviz Technologies Ltd., LeddarTech, Luminar Technologies Inc., Magneti Marelli S.p.A., Neptec Design Group Ltd., Phantom Intelligence, and Princeton Lightwave Inc., Quanergy Systems Inc., Robert Bosch GmbH., among others.

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