Global Automotive LiDAR Market Growth 2023-2029

Global Automotive LiDAR Market Growth 2023-2029

LiDAR technology has taken the automobile world to a whole new level by providing the tools needed for truly safe navigation. Light detection and ranging, also known as “LiDAR” is a remote sensing technology that measures distance by illuminating A target using laser light. In the case of automotive industry, this technology is used to enhance a vehicle’s navigation capabilities by detection and avoidance of obstacles enroute. LiDAR does this by providing clear-cut 3D snapshots of every object in the vehicle’s vicinity. Along with its surveying feature, the LiDar sensors system features automatic speed control, adaptive cruise control systems, braking systems, etc. There are several variants of LiDAR units available today, such as units with 16, 32, and 64 beams of laser light.

LPI (LP Information)' newest research report, the “Automotive LiDAR Industry Forecast” looks at past sales and reviews total world Automotive LiDAR sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive LiDAR sales for 2023 through 2029. With Automotive LiDAR sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive LiDAR industry.

This Insight Report provides a comprehensive analysis of the global Automotive LiDAR landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive LiDAR portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive LiDAR market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive LiDAR and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive LiDAR.

The global Automotive LiDAR market size is projected to grow from US$ 207.3 million in 2022 to US$ 908.6 million in 2029; it is expected to grow at a CAGR of 908.6 from 2023 to 2029.

United States market for Automotive LiDAR is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Automotive LiDAR is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Automotive LiDAR is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Automotive LiDAR players cover Continental AG, Garmin Ltd, Infineon Technologies, Innoviz Technologies, LeddarTech, Osram Licht AG, Phantom Intelligence, Princeton Lightwave Inc. and Velodyne Lidar, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive LiDAR market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Advanced Driver Assistance Systems(ADAS)
Automatic Emergency Braking (AEB)
Adaptive Cruise Control (ACC)
Autonomous Cars

Segmentation by application
Passenger Cars
Commercial Vehicles

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Continental AG
Garmin Ltd
Infineon Technologies
Innoviz Technologies
LeddarTech
Osram Licht AG
Phantom Intelligence
Princeton Lightwave Inc.
Velodyne Lidar
Quanergy

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive LiDAR market?

What factors are driving Automotive LiDAR market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive LiDAR market opportunities vary by end market size?

How does Automotive LiDAR break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.