2025-2034 Automotive LiDAR Market Evolution: Disruptions, Innovations, and Untapped Opportunities

Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Is the Expected CAGR for the Automotive LiDAR Market Through 2025?
The size of the automotive lidar market has seen considerable expansion in the past few years. It is set to expand from a valuation of $0.81 billion in 2024 to $1.08 billion in 2025, at a Compound Annual Growth Rate (CAGR) of 33.2%. Factors contributing to the growth during the historic period include increased emphasis on safety and autonomous driving, regulatory and safety norms, an increase in electric and connected vehicles, competitive and industry investments, cost reduction and scalability, as well as mapping and infrastructure development.

What's the Projected Size of the Global Automotive LiDAR Market by 2029?
Expectations indicate that the automotive lidar market will undergo significant expansion in the upcoming years, eventually reaching an impressive $3.28 billion by 2029. This increase equates to a compound annual growth rate (CAGR) of 32.1%. This predicted surge within the forecast period is largely due to factors such as the development of autonomous vehicles, heightened market rivalry and investments, growing public knowledge and demand, the rise of electric and connected vehicles, plus advancements in infrastructure and smart cities. Major anticipated trends within this timeframe consist of progress in solid-state lidar, its incorporation in advanced driver-assistance systems and autonomous vehicles, the fusion of multiple sensors, mass production and cost cutbacks, plus improved perception abilities.

View the full report here:
https://www.thebusinessresearchcompany.com/report/automotive-lidar-global-market-report

Top Growth Drivers in the Automotive LiDAR Industry: What's Accelerating the Market?
The significant contribution to the expansion of the automotive LiDAR market is largely due to the rising demand for semi-autonomous and fully autonomous vehicles. Autonomous vehicles, or self-driving vehicles, are those equipped with environmental sensing abilities and can operate independently. These vehicles are capable of operating without human intervention by using LiDAR sensors to construct comprehensive 3D maps, enabling a 360-degree view and precise data for self-navigation and object detection. For example, Gerber Injury Law, a US-based law firm, reported in June 2022 that the self-driving vehicle industry is projected to grow at a rate of 16% per year and is forecasted to be worth a trillion dollars by 2025. As a result, the escalating demand for semi-autonomous and fully autonomous vehicles propels the growth of the automotive LiDAR market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8944&type=smp

What Trends Will Shape the Automotive LiDAR Market Through 2029 and Beyond?
In the automotive LiDAR market, the primary trend that is rapidly gaining traction is technological advancement. Significant companies in this market are aiming to incorporate emerging technologies, such as array transceiver technology, to boost the efficiency of LiDAR systems and enhance capacity in self-driving cars. For instance, in November 2022, RoboSense, a firm specializing in intelligent LiDAR technology based in China, introduced its RS-LiDAR-E1, also referred to as E1. This is a flash solid-state LiDAR that relies on independently developed chips and a fresh technological platform. The underlying structure of this new product platform, E1, is area array transceiver technology that utilizes specifically designed chips. It features a simple bill of materials devoid of moving parts, designed for factory installation and mass production. E1 is set to partner with other parties to bridge the perception gap in intelligent driving and augment the ability of autonomous vehicles to perceive in all situations.

What Are the Main Segments in the Automotive LiDAR Market?
The automotive lidarmarket 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

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=8944&type=smp

Which Top Companies are Driving Growth in the Automotive LiDAR Market?
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.

Which Regions Will Dominate the Automotive LiDAR Market Through 2029?
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

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8944

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.