Global Automotive LIDAR Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,500	150 Pages	Koncept Analytics	November, 2023	KOAN18283378

Best Price Guarantee
Price	from $4,500
Length	150 Pages
Publisher	Koncept Analytics
Published Date	November, 2023
SKU	KOAN18283378

Global Automotive LIDAR Market (by Technology, Range, Application, & Region): Insights and Forecast with Potential Impact of COVID-19 (2023-2028)

Market Insight:

The automotive LIDAR system illuminates the chosen target and utilizes a sensor to measure the reflected pulses to estimate the distance between two cars. When traffic conditions change quickly, LIDAR is employed in automotive systems to automatically modify vehicle speed and braking systems. It is largely utilised in fully autonomous or semi-autonomous cars to give assistance features such as adaptive cruise control, lane-keeping assistance, lane-departure warning, and collision warning and avoidance systems.

LIDAR sensor use is advancing as a result of rising demand for smarter cars at decreasing costs. Furthermore, the worldwide market's exponential growth may be ascribed to the increase in the integration of AI-enabled functions, the developing ecosystem of Automotive IOT, and increased customer traction for complex features in automobiles. Global automotive LIDAR market is expected to reach US$0.74 billion by 2023, growing at a CAGR of 33.18% during the forecast period. Also, global automotive LIDAR market volume is likely to rise to 0.69 million units in 2023.

Segment Covered:

By Technology: In terms of technology, the report offers insights of the global automotive LIDAR market into two segments: Solid-State LIDAR and Mechanical LIDAR. Solid-State LIDAR segment held the largest share in the market, owing to its affordability, it is used in multiple locations, including the front, rear, and sides of a vehicle & combines data received from each of the sensors to provide an extended Field of View (FOV). Whereas, Mechanical LIDAR segment is expected to grow at a significant CAGR in the future as a large field of view (FOV) that is typically 360 degrees can be achieved with mechanical LIDAR by utilizing high-grade optics and a rotating assembly. The mechanical component results in a bulky implementation, but it offers a high signal-to-noise ratio (SNR) over a large field of view (FOV).
By Range: On the basis of range, the report provides the segmentation of the global automotive LIDAR market as follows: Short & mid-range and Long range. Short & mid-range segment occupied the maximum share in the market, as it detects objects within 25 meters and is well-suited for slow-moving vehicles. Whereas, the Long range segment is expected to have the highest CAGR in the future as long-range LIDARs are suitable for faster-moving navigating vehicles and detecting objects within mid to long ranges.
By Application: The report further provides the categorization of the market into two key segments, according to the application Autonomous and Semi-autonomous. Autonomous segment acquired majority of share in the market, owing to the adoption of level 4 and level 5 autonomous cars for sharing services, across the world. Whereas, Semi-autonomous segment is expected to have the highest CAGR in the future as LIDAR sensors are extensively used in Level 1, 2, and 3 vehicles that require moderate to low assistance from drivers in channelizing vehicle's direction & braking.

Geographic Coverage:

According to this report, the global automotive LIDAR market can be divided into four regions: North America, Europe, Asia Pacific, and Rest of the World. The countries covered in North America region are the US, Canada, and Mexico, while Europe includes the UK, Germany, France, Italy and the Rest of Europe. Moreover, China, Japan, India, South Korea and the Rest of Asia Pacific are included in the Asia Pacific region.

North America automotive LIDAR market enjoyed the dominant market share, primarily owing to because this region is typically dominated by automotive OEMs such as General Motors, and Ford Motor Company, paired with some established Asian as well as European automotive OEMs. The growing demand for Electric vehicles is influencing the growth of the US automotive LIDAR market.

Top Impacting Factors:

Growth Drivers

Rising Disposable Income
Increasing Sales of Electric Vehicles
Rising Demand for Autonomous Vehicles
Rapid Urbanization

Challenges

High Cost of LIDAR
Availability Of Alternatives

Trends

Integration of Artificial Intelligence
Growing Automotive Semiconductor Market
OEMs Integrating LIDAR in Vehicles in North America & Europe
Scope of Multiple LIDAR Fitment Across All Levels of Automation
Driver: Increasing Sales of Electric Vehicles

Electric vehicles plays a very important part in reducing the amount of carbon emissions and air pollution. Governments of all countries are promoting them heavily. Because of rising environmental concerns, rapid urbanization, and the low cost of electric vehicles, demand for electric vehicles has skyrocketed. These factors are driving the global automotive LIDAR market forward. LIDAR has become an important component in the development of electric vehicles since it enables these vehicles to navigate and understand their environment in real time. The use of LIDAR in electric vehicles has the advantage of providing highly accurate and detailed 3D mapping of the surrounding environment. LIDAR sensors detect objects and features with millimeter precision, allowing these vehicles to maneuver safely and effectively. LIDAR can also function in a variety of illumination and weather conditions, giving it a dependable and resilient technology for autonomous navigation.

Challenge: Availability Of Alternatives

The availability of alternatives, such as cameras, radar sensors, ultrasonic sensors, etc., is expected to restrain potential opportunities in the automotive LIDAR market to a certain extent. This is owing to the cost associated with the radar sensors. For instance, radar sensors are less costly as compared to LIDAR sensors. The average cost for radar sensors for L1 autonomy is between US$70-80. Most automotive manufacturers, such as Tesla, Inc. (US), Audi AG (Germany), Nissan Corporation (Japan), Ford Corporation (US), etc., use automotive radar sensors for L1, L2, and L3 autonomy.

Trend: Integration of Artificial Intelligence

The integration of AI in LIDAR technology is a trend in the automotive LIDAR market because it can significantly enhance the capabilities and performance of LIDAR systems used in autonomous vehicles. LIDAR (Light Detection and Ranging) is a key technology for self-driving cars, as it allows them to "see" their surroundings and navigate safely. LIDAR sensors use laser light to create a 3D map of the environment around the vehicle, and this information is then used by the vehicle's AI to make decisions about steering, braking, and acceleration. However, traditional LIDAR systems generate large amounts of data that can be difficult to process in real-time, which can limit their effectiveness in certain situations. This is where AI comes in: by using machine learning algorithms to analyze and interpret LIDAR data, AI can help vehicles make more informed and accurate decisions in real-time. For example, AI can be used to improve object recognition and tracking, allowing vehicles to better identify and avoid obstacles in their path. AI can also help LIDAR systems better differentiate between different types of objects, such as pedestrians, bicycles, and other vehicles, which can improve safety and performance.

The COVID-19 Analysis:

The COVID-19 pandemic has had a major influence on the automotive LIDAR market, as governments in several nations imposed lockout and trade restrictions, disrupting automotive part exports. As a result, lower automobile production owing to temporary plant shutdowns is projected to have a negative impact on demand for LIDAR sensors in the automotive sector. The industry of semi-autonomous and autonomous vehicles is projected to resurrect in the near future. Recognizing the benefits of contactless and driverless transportation in a world of physical distance, several logistics, delivery, and food delivery companies have begun to use autonomous cars, including LIDAR as a vital component.

Analysis of Key Players:

Global automotive LIDAR market is fragmented, with more than 60 private and public LIDAR companies at varying stages of development. These players must compete to build solid supply chains and form strategic partnerships to ultimately land a partnership with an OEM. Key players of global automotive LIDAR market are:

Aeva Technologies, Inc,
Luminar Technologies, Inc.,
Ouster, Inc.,
Continental AG,
Velodyne LIDAR, Inc.,
Innoviz Technologies Ltd.,
Valeo S.A.,
DENSO Corporation,
Livox Technology Company Limited,
Innovusion,
RoboSense (Suteng Innovation Technology Co., Ltd.)
Cepton, Inc.,
Hesai Technology Co Ltd.

Over 100 LIDAR system companies have been established since its invention, but most of them are still in the product design stage, with Valeo being the market leader so far. In China, RoboSense, DJI Livox, Huawei and Hesai are the key companies. The key players are constantly investing in strategic initiatives, such as new product launches, introducing their products to emerging markets and more, to maintain a competitive edge in this market. For instance, in 2022, Mercedes-Benz AG announced to equip Luminar's Iris LIDAR technology in its Level 3 semi-autonomous passenger cars to enhance vehicle safety standards & integrate automated driving systems. Also, in 2021, Volvo announced the installation of LIDAR sensors from Luminar Technologies, Inc., in its XC90 model. It also added that LIDAR sensors would be a standard safety benchmark in all its fully electric flagship vehicles in the forthcoming years.

1. Executive Summary 2. Introduction 2.1 Automotive LIDAR: An Overview 2.1.1 Levels of Autonomy in Automobiles Table 1: Levels of Autonomy in Automobiles 2.1.2 Components Requirement under Each Level Table 2: Components Requirement under Each Level 2.1.3 Advantages and Disadvantages of a Camera, Radar and LIDAR Sensors Table 3: Advantages and disadvantages of a camera, radar and LIDAR sensors 2.1.4 Competitive Analysis of ADAS Technologies Table 4: Competitive Analysis of ADAS Technologies 2.2 Automotive LIDAR Segmentation: An Overview 2.2.1 Automotive LIDAR Segmentation Table 5: Automotive LIDAR Segmentation 3. Global Market Analysis 3.1 Global Automotive LIDAR Market: An Analysis 3.1.1 Global Automotive LIDAR Market: An Overview 3.1.2 Global Automotive LIDAR Market by Value Table 6: Global Automotive LIDAR Market by Value; 2018-2022 (US$ Million) Table 7: Global Automotive LIDAR Market by Value; 2023-2028 (US$ Billion) 3.1.3 Global Automotive LIDAR Market by Volume Table 8: Global Automotive LIDAR Market by Volume; 2018-2022 (Thousand Units) Table 9: Global Automotive LIDAR Market by Volume; 2023-2028 (Million Units) 3.1.4 Global Automotive LIDAR Market by Technology (Solid-State LIDAR and Mechanical LIDAR) Table 10: Global Automotive LIDAR Market by Technology; 2022 (Percentage, %) 3.1.5 Global Automotive LIDAR Market by Range (Short & Mid-range and long range) Table 11: Global Automotive LIDAR Market by Range; 2022 (Percentage, %) 3.1.6 Global Automotive LIDAR Market by Application (Autonomous and semi-autonomous) Table 12: Global Automotive LIDAR Market by Application; 2022 (Percentage, %) 3.1.7 Global Automotive LIDAR Market by Region (North America, Europe, Asia Pacific and Rest of the World) Table 13: Global Automotive LIDAR Market by Region; 2022 (Percentage, %) 3.2 Global Automotive LIDAR Market: Technology Analysis 3.2.1 Global Automotive LIDAR Market by Technology: An Overview 3.2.2 Global Solid-State Automotive LIDAR Market by Value Table 14: Global Solid-State Automotive LIDAR Market by Value; 2018-2022 (US$ Million) Table 15: Global Solid-State Automotive LIDAR Market by Value; 2023-2028 (US$ Billion) 3.2.3 Global Mechanical Automotive LIDAR Market by Value Table 16: Global Mechanical Automotive LIDAR Market by Value; 2018-2022 (US$ Million) Table 17: Global Mechanical Automotive LIDAR Market by Value; 2023-2028 (US$ Million) 3.3 Global Automotive LIDAR Market: Range Analysis 3.3.1 Global Automotive LIDAR Market by Range: An Overview 3.3.2 Global Short & Mid-Range Automotive LIDAR Market by Value Table 18: Global Short & Mid-Range Automotive LIDAR Market by Value; 2018-2022 (US$ Million) Table 19: Global Short & Mid-Range Automotive LIDAR Market by Value; 2023-2028 (US$ Billion) 3.3.3 Global Long Range Automotive LIDAR Market by Value Table 20: Global Long Range Automotive LIDAR Market by Value; 2018-2022 (US$ Million) Table 21: Global Long Range Automotive LIDAR Market by Value; 2023-2028 (US$ Million) 3.4 Global Automotive LIDAR Market: Application Analysis 3.4.1 Global Automotive LIDAR Market by Application: An Overview 3.4.2 Global Autonomous Automotive LIDAR Market by Value Table 22: Global Autonomous Automotive LIDAR Market by Value; 2018-2022 (US$ Million) Table 23: Global Autonomous Automotive LIDAR Market by Value; 2023-2028 (US$ Billion) 3.4.3 Global Semi-Autonomous Automotive LIDAR Market by Value Table 24: Global Semi-Autonomous Automotive LIDAR Market by Value; 2018-2022 (US$ Million) Table 25: Global Semi-Autonomous Automotive LIDAR Market by Value; 2023-2028 (US$ Million) 4. Regional Market Analysis 4.1 North America Automotive LIDAR Market: An Analysis 4.1.1 North America Automotive LIDAR Market: An Overview 4.1.2 North America Automotive LIDAR Market by Value Table 26: North America Automotive LIDAR Market by Value; 2018-2022 (US$ Million) Table 27: North America Automotive LIDAR Market by Value; 2023-2028 (US$ Million) 4.1.3 North America Automotive LIDAR Market by Region (The US, Canada and Mexico) Table 28: North America Automotive LIDAR Market by Region; 2022 (Percentage, %) 4.1.4 The US Automotive LIDAR Market by Value Table 29: The US Automotive LIDAR Market by Value; 2018-2022 (US$ Million) Table 30: The US Automotive LIDAR Market by Value; 2023-2028 (US$ Million) 4.1.5 Canada Automotive LIDAR Market by Value Table 31: Canada Automotive LIDAR Market by Value; 2018-2022 (US$ Million) Table 32: Canada Automotive LIDAR Market by Value; 2023-2028 (US$ Million) 4.1.6 Mexico Automotive LIDAR Market by Value Table 33: Mexico Automotive LIDAR Market by Value; 2018-2022 (US$ Million) Table 34: Mexico Automotive LIDAR Market by Value; 2023-2028 (US$ Million) 4.2 Europe Automotive LIDAR Market: An Analysis 4.2.1 Europe Automotive LIDAR Market: An Overview 4.2.2 Europe Automotive LIDAR Market by Value Table 35: Europe Automotive LIDAR Market by Value; 2018-2022 (US$ Million) Table 36: Europe Automotive LIDAR Market by Value; 2023-2028 (US$ Million) 4.2.3 Europe Automotive LIDAR Market by Region (Germany, UK, France, Italy and Rest of Europe) Table 37: Europe Automotive LIDAR Market by Region; 2022 (Percentage, %) 4.2.4 Germany Automotive LIDAR Market by Value Table 38: Germany Automotive LIDAR Market by Value; 2018-2022 (US$ Million) Table 39: Germany Automotive LIDAR Market by Value; 2023-2028 (US$ Million) 4.2.5 UK Automotive LIDAR Market by Value Table 40: UK Automotive LIDAR Market by Value; 2018-2022 (US$ Million) Table 41: UK Automotive LIDAR Market by Value; 2023-2028 (US$ Million) 4.2.6 France Automotive LIDAR Market by Value Table 42: France Automotive LIDAR Market by Value; 2018-2022 (US$ Million) Table 43: France Automotive LIDAR Market by Value; 2023-2028 (US$ Million) 4.2.7 Italy Automotive LIDAR Market by Value Table 44: Italy Automotive LIDAR Market by Value; 2018-2022 (US$ Million) Table 45: Italy Automotive LIDAR Market by Value; 2023-2028 (US$ Million) 4.2.8 Rest of Europe Automotive LIDAR Market by Value Table 46: Rest of Europe Automotive LIDAR Market by Value; 2018-2022 (US$ Million) Table 47: Rest of Europe Automotive LIDAR Market by Value; 2023-2028 (US$ Million) 4.3 Asia Pacific Automotive LIDAR Market: An Analysis 4.3.1 Asia Pacific Automotive LIDAR Market: An Overview 4.3.2 Asia Pacific Automotive LIDAR Market by Value Table 48: Asia Pacific Automotive LIDAR Market by Value; 2018-2022 (US$ Million) Table 49: Asia Pacific Automotive LIDAR Market by Value; 2023-2028 (US$ Million) 4.3.3 Asia Pacific Automotive LIDAR Market by Region (China, Japan, India, South Korea and Rest of Asia Pacific) Table 50: Asia Pacific Automotive LIDAR Market by Region; 2022 (Percentage, %) 4.3.4 China Automotive LIDAR Market by Value Table 51: China Automotive LIDAR Market by Value; 2018-2022 (US$ Million) Table 52: China Automotive LIDAR Market by Value; 2023-2028 (US$ Million) 4.3.5 Japan Automotive LIDAR Market by Value Table 53: Japan Automotive LIDAR Market by Value; 2018-2022 (US$ Million) Table 54: Japan Automotive LIDAR Market by Value; 2023-2028 (US$ Million) 4.3.6 South Korea Automotive LIDAR Market by Value Table 55: South Korea Automotive LIDAR Market by Value; 2018-2022 (US$ Million) Table 56: South Korea Automotive LIDAR Market by Value; 2023-2028 (US$ Million) 4.3.7 India Automotive LIDAR Market by Value Table 57: India Automotive LIDAR Market by Value; 2018-2022 (US$ Million) Table 58: India Automotive LIDAR Market by Value; 2023-2028 (US$ Million) 4.3.8 Rest of Asia Pacific Automotive LIDAR Market by Value Table 59: Rest of Asia Pacific Automotive LIDAR Market by Value; 2018-2022 (US$ Million) Table 60: Rest of Asia Pacific Automotive LIDAR Market by Value; 2023-2028 (US$ Million) 4.4 Rest of the World Automotive LIDAR Market: An Analysis 4.4.1 Rest of the World Automotive LIDAR Market: An Overview 4.4.2 Rest of the World Automotive LIDAR Market by Value Table 61: Rest of the World Automotive LIDAR Market by Value; 2018-2022 (US$ Million) Table 62: Rest of the World Automotive LIDAR Market by Value; 2023-2028 (US$ Million) 5. Impact of COVID-19 5.1 Impact of COVID-19 5.1.1 Impact of COVID-19 on Automotive LIDAR 5.1.2 Post COVID-19 Impact 6. Market Dynamics 6.1 Growth Drivers 6.1.1 Rising Disposable Income Table 63: Global GNI per Capita; 2016-2021 (US$ Thousand) 6.1.2 Increasing Sales of Electric Vehicles Table 64: Global Sales of Electric Vehicles; 2017-2022 (Thousand) 6.1.3 Rising Demand for Autonomous Vehicles Table 65: Global Autonomous Vehicle Market; 2021-2030 (US$ Billion) 6.1.4 Rapid Urbanization Table 66: Global Urban Population; 2016, 2021 & 2050 (Billion) 6.2 Challenges 6.2.1 High Cost of LIDAR 6.2.2 Inaccurate Outputs in Adverse Weather Conditions 6.2.3 Availability of Alternatives 6.3 Market Trends 6.3.1 Integration of Artificial Intelligence Table 67: Global Automotive Artificial Intelligence Market; 2019-2030 (US$ Billion) 6.3.2 Growing Automotive Semiconductor Market Table 68: Global Automotive Semiconductor Market Size; 2020-2030 (US$ Billion) 6.3.3 OEMs Integrating LIDAR in Vehicles in North America & Europe 6.3.4 Scope of Multiple LIDAR Fitment across All Levels of Automation 6.3.5 Rapid Technology Advancements in Autonomous LIDAR 7. Competitive Landscape 7.1 Global LIDAR Suppliers by Market Share Table 69: Global LIDAR Suppliers by Market Share; 2021 (Percentage, %) 7.2 Global Automotive LIDAR Systems Market Players by Technology Table 70: Global Automotive LIDAR Systems Market Players by Technology 7.3 Global LIDAR Systems Market Players: Released Models Table 71: Global LIDAR Systems Market Players: Released Models 7.4 Global Automotive LIDAR Systems Market Players: Key Comparison Table 72: Global Automotive LIDAR Systems Market Players: Key Comparison 7.5 Global Automotive LIDAR Sensor Model and Brand: Key Suppliers Table 73: Global Automotive LIDAR Sensor Model and Brand: Key Suppliers 8. Company Profiles 8.1 Aeva Technologies, Inc. 8.1.1 Business Overview 8.1.2 Operating Regions Table 74: Aeva Technologies, Inc Revenue by Region; 2021 (Percentage, %) 8.1.3 Business Strategy 8.2 Continental AG 8.2.1 Business Overview 8.2.2 Operating Segments Table 75: Continental AG Sales by Segments; 2021 (Percentage, %) 8.2.3 Business Strategy 8.3 Luminar Technologies, Inc. 8.3.1 Business Overview 8.3.2 Operating Segments Table 76: Luminar Technologies, Inc. Revenue by Segment; 2021 (Percentage, %) 8.3.3 Business Strategy 8.4 Ouster, Inc. 8.4.1 Business Overview 8.4.2 Operating Regions Table 77: Ouster, Inc. Revenue by Regions; 2021 (Percentage, %) 8.4.3 Business Strategy 8.5 Velodyne Lidar, Inc. 8.5.1 Business Overview 8.5.2 Operating Regions Table 78: Velodyne LIDAR, Inc. Revenue by Regions; 2021 (Percentage, %) 8.5.3 Business Strategy 8.6 DENSO Corporation 8.6.1 Business Overview 8.6.2 Operating Regions Table 79: DENSO Corporation Revenue by Region; 2022 (Percentage, %) 8.6.3 Business Strategy 8.7 Valeo S.A. 8.7.1 Business Overview 8.7.2 Operating Segments Table 80: Valeo S.A. Sales by Segments; 2021 (Percentage, %) 8.7.3 Business Strategy 8.8 Innoviz Technologies Ltd. 8.8.1 Business Overview 8.8.2 Business Strategy 8.9 Livox Technology Company Limited 8.9.1 Business Overview 8.9.2 Business Strategy 8.10 Innovusion 8.10.1 Business Overview 8.10.2 Business Strategy 8.11 Cepton, Inc. 8.11.1 Business Overview 8.11.2 Business Strategy 8.12 Hesai Technology Co Ltd. 8.12.1 Business Overview 8.12.2 Business Strategy 8.13 RoboSense (Suteng Innovation Technology Co., Ltd.) 8.13.1 Business Overview 8.13.2 Business Strategy