Surging Demand For Semi-Autonomous And Fully Autonomous Vehicles Fuels Automotive Lidar Market Growth Driver: Leading Transformation in the Automotive LiDAR Market in 2025

"What industry-specific factors are fueling the growth of the automotive lidar market?
The rise in the need for semi-autonomous and fully autonomous vehicles is a significant factor propelling the growth of the automotive LiDAR market. An autonomous or self-driving vehicle, equipped with the ability to sense its environment and function independently, relies heavily on LiDAR sensors. These sensors enable the cars to build comprehensive 3D maps, creating 360-degree visibility and precise data, contributing to autonomous navigation and object recognition. A June 2022 report by Gerber Injury Law, a U.S. based legal firm, predicts the self-driving vehicle industry to inflate by 16% annually, anticipating its valuation to hit the trillion-dollar mark by 2025. Consequently, the escalating demand for semi-autonomous and fully autonomous vehicles fuels the expansion of the automotive LiDAR market.

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What Is the projected market size and growth rate for the automotive lidar market?
The size of the automotive LiDAR market has seen considerable expansion in the past few years. Its growth will surge from $0.81 billion in 2024 to $1.08 billion in 2025, reflecting a compound annual growth rate (CAGR) of 34.1%. The historical growth period has been influenced by factors such as safety and autonomous driving, regulatory and safety standards, an increase in electric and connected vehicles, competition and industry investments, cost reduction and scalability, as well as mapping and infrastructure development.

The automobile LiDAR sector is forecasted to experience skyrocketing expansion in the forthcoming years, increasing to $3.35 billion by 2029, with a compound annual growth rate (CAGR) of 32.6%. The development during the prediction period is influenced by factors such as the rise of self-driving cars, market rivalry and investments, heightened consumer cognizance and needs, advancement of electric and networked vehicles, and the enhancement of infrastructure and smart cities. Some anticipated trends over the forecast period are progressions in solid-state LiDAR, incorporation in ADAS and driverless vehicles, fusion of multi-sensors, progress towards mass production and cost decrease, as well as improved perception capabilities.

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What new trends are reshaping the automotive lidar market and its opportunities?
The primary trend emerging in the automotive LiDAR market is the integration of advanced technology. Top-tier firms in this industry are bent on the development and incorporation of innovative technologies, such as array transceiver technology. These new techs aim to enhance the performance of LiDAR systems and boost their capabilities in self-driving vehicles. For example, RoboSense, a China-established company specialising in intelligent LiDAR tech, launched its RS-LiDAR-E1, or E1, a flash solid-state LiDAR, in November 2022. The E1's foundation is area array transceiver technology, featuring specially designed chips geared towards specific functions. The E1, intended for large-scale production and factory installation, has a simple bill of materials and requires no moving parts. E1 plans to collaborate with partners to fill the perception gap in intelligent driving and further improve autonomous vehicles' environmental perception in any situation.

What major market segments define the scope and growth of the automotive lidar market?
The automotive LiDAR market covered in this report is segmented -

1) By Product: Aerial, Mobile, Terrestrial Or Static, Short-Range
2) By Technology: Solid-State LiDAR, Mechanical Or Scanning LiDAR
3) By Vehicle Type: IC Engine Vehicles, Hybrid Electric Vehicles (HEVS), Plug-In Hybrid Electric Vehicles (PHEVS), Battery Electric Vehicles (BEVS)
4) By Components: Laser, GPS Or GNSS Receiver, Camera, Inertial Navigation System, Micro Electro Mechanical System
5) By Application: Semi-Autonomous, Autonomous

Subsegments:
1) By Aerial: Drone-Mounted LiDAR, Helicopter-Mounted LiDAR
2) By Mobile: Vehicle-Mounted LiDAR Systems, Portable LiDAR Units For Mapping
3) By Terrestrial Or Static: Ground-Based LiDAR Systems, Fixed Installation LiDAR Systems
4) By Short-Range: LiDAR For Obstacle Detection, LiDAR For Close-Range Mapping

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Which region dominates the automotive lidar market?
Asia-Pacific was the largest region in the automotive LiDAR market share in 2024. The regions covered in the automotive lidar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Which key market leaders are driving the automotive lidar industry growth?
Major companies operating in the automotive LiDAR market include Continental AG, Ibeo Automotive Systems GmbH, Innoviz Technologies Ltd., LeddarTech Inc., Luminar Technologies Inc., Ouster Inc., Robert Bosch GmbH, Velodyne Lidar Inc., Denso Corporation, Leica Geosystems AG, Mira Solutions Inc., Argo AI LLC, ZF Friedrichshafen AG, Quanergy Systems Inc., AEye Inc., Blackmore Sensors and Analytics Inc., Cepton Technologies Inc., Hesai Technology Co. Ltd., Suteng Innovation Technology Co. Ltd., Blickfeld GmbH, Innovusion Inc., Aeva Technologies Inc., Baraja Pty Ltd, XenomatiX NV, Benewake Co. Ltd., Phantom Intelligence Inc., HoloMatic Technologies Co. Ltd., LeiShen Intelligent Systems Co. Ltd.

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What Is Covered In The Automotive LiDAR Global Market Report?

• Market Size Forecast: Examine the automotive lidar market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the automotive lidar market for a structured understanding.
• Key Players Overview: Analyze major players in the automotive lidar market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive lidar market.
• Segment Contributions: Evaluate how different segments drive overall growth in the automotive lidar market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive lidar market.
• Industry Challenges: Identify potential risks and obstacles affecting the automotive lidar market.
• Competitive Landscape: Review strategic developments in the automotive lidar market, including expansions, agreements, and new product launches.

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