Global Solid-State LiDAR Market Growth 2023-2029

Global Solid-State LiDAR Market Growth 2023-2029

Solid state LiDAR is gaining traction as a promising technology that is cheaper, faster, and provides higher resolution than traditional LiDAR, with predictions that its price range could eventually hundreds of dollars per unit.

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

This Insight Report provides a comprehensive analysis of the global Solid-State 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 Solid-State LiDAR portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Solid-State LiDAR market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Solid-State 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 Solid-State LiDAR.

The global Solid-State LiDAR market size is projected to grow from US$ 965 million in 2022 to US$ 5915.1 million in 2029; it is expected to grow at a CAGR of 5915.1 from 2023 to 2029.

Europe is the largest market with about 49% market share. USA is follower, accounting for about 27% market share.

The key players are Velodyne, Quanergy, LeddarTech, ABAX Sensing, Ibeo, Trilumina, Innoviz, Strobe, Aeye, Luminar, Continental AG, Xenomatix, Imec, Robosense, Genius Pro, Benewake, Hesai etc.

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

Market Segmentation:

Segmentation by type
MEMS Based Scanning
Phase Array
Non-Scanning Flash

Segmentation by application
Automotive
Industrial
Security

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.
Velodyne
Quanergy
LeddarTech
ABAX Sensing
Ibeo
Trilumina
Innoviz
Strobe
Aeye
Luminar
Continental AG
Xenomatix
Imec
Robosense
Genius Pro
Benewake
Hesai

Key Questions Addressed in this Report

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

What factors are driving Solid-State LiDAR market growth, globally and by region?

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

How do Solid-State LiDAR market opportunities vary by end market size?

How does Solid-State 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.