Automotive LiDAR Market Growth and Demand Forecast to 2030 - Velodyne Lidar, Innoviz Technologies, Quanergy, ZF Group, Valeo, LeddarTech

The global automotive light detection and ranging (LiDAR) market generated revenue of $289.3 million in 2019, from where it is expected to grow at a CAGR of 26.1% during 2020-2030, to $14,754.7 million by 2030. On the basis of vehicle autonomy, the market was dominated by the semi-autonomous vehicle bifurcation during 2014-2019. The fully-autonomous vehicle category is set to witness faster growth during the forecast period, due to the greater estimated rollout of such automobiles in public shared mobility services.

The automotive LiDAR market is witnessing an increased inflow of investments from major firms, especially over the last years, wherein more than 70 startups, globally, in the market received more than $1 billion. For instance, Volkswagen AG's subsidiary, Porsche Automobil Holding SE, invested a hefty undisclosed amount in a LiDAR startup company, called Aeva Inc., in 2019. Furthermore, in March 2019, several major Chinese financial institutions invested a combined $132 million in Innoviz Technologies Ltd., an Israeli startup.

Company Profile:
Velodyne Lidar, Innoviz Technologies, Quanergy, ZF Group, Valeo, LeddarTech

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Asia-Pacific (APAC) is expected to be the fastest growing region in the automotive LiDAR market, during the forecast period, owing to the rapid advancements in the autonomous technologies in the region. The growing adoption of the autonomous technology in the transportation sector, as already reflected in the deployment of self-driving vehicles on APAC's streets, is driving the growth in the market. China is frequently rolling out testing and pilot projects, which will further lead the regional market to prosperity. For instance, Beijing Xiaoju Technology Co. Ltd. (DiDi Chuxing) launched a pilot project in August 2019, to test robotaxis in Shanghai.

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Market Segmentation by Vehicle Autonomy
Semi-Autonomous Vehicle
Level 1
Level 2
Level 3
Fully-Autonomous Vehicle
Level 4
Level 5

Market Segmentation by Vehicle Type
Passenger Car
Conventional Fuel Car
Alternative Fuel Car
Commercial Vehicle
Light Commercial Vehicle (LCV)
Medium and Heavy Commercial Vehicle (M&HCV)

Market Segmentation by Range
Short and Medium-Range
Long-Range

Market Segmentation by Application
Adaptive Cruise Control (ACC) System
Automatic Emergency Braking (AEB) System
Blind Spot Detection (BSD) System
Lane Keeping Assistance System (LKAS)

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Some of the biggest players operating in the global automotive LiDAR market are Innoviz Technologies Ltd., Velodyne Lidar Inc., ZF Friedrichshafen AG, Infineon Technologies AG, Quanergy Systems Inc., Luminar Technologies Inc., LeddarTech Inc., Texas Instruments Inc., and Valeo SA.

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