LiDAR for Automotive Market worth 2,557.3 Million USD by 2030 The report "LiDAR for Automotive Market by Technology (Mechanical and Solid State), Application (Semi-Autonomous and Autonomous), Location (Bumper and Grill, Headlight and Taillight, and Roof and Upper Pillar), Image Type (2D and 3D), and Vehicle Type - Global Forecast to 2030", The LiDAR for automotive market is expected to grow from an estimated USD 735.0 Million in 2025 to a projected USD 2,557.3 Million by 2030, at a CAGR of 28.32%, during the forecast period. The LiDAR market for automotive division is expected to register high growth rate due to its technological superiority over other available sensors in the automotive industry, such as RADAR and cameras. Factors such as the rising popularity of autonomous vehicles, government regulations for vehicle safety, and an increase in the adoption of ADAS technology by OEMs are driving the market for LiDAR. Browse 92 market data tables and 54 figures spread through 159 pages and in-depth TOC on "LiDAR for Automotive Market” The following are the Major Objectives of the study.
To define, segment, and forecast the automotive LiDAR market (2016–2021) in terms of volume (‘000 units) and value (USD million) To provide a detailed analysis of various forces acting in the automotive LiDAR market (drivers, restraints, opportunities, and challenges) To analyze the regional markets for growth trends, future prospects, and their contribution to the overall market To segment the market and forecast its size, by application, by type, by location, by image type, by vehicle type, and by region—namely, North America, Europe, the Asia-Pacific and the Rest of the World To segment the automotive LiDAR market and forecast the market size, by volume and value, based on application into semi-autonomous vehicles and autonomous vehicles
To segment the automotive LiDAR market and forecast the market size, by volume and value, based on type – solid state, flash, and scanning/mechanical To segment the automotive LiDAR market and forecast the market size, by volume and value, based image type – 2D and 3D To segment the automotive LiDAR market and forecast the market size, by volume and value, based on passenger car type – internal combustion engine (ICE), battery electric vehicle (BEV), and hybrid To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants
Early buyers will receive 10% customization on reports. The semi-autonomous vehicle market is estimated to be the largest market for the LiDAR for automotive market, by application The semi-autonomous vehicle segment is estimated to hold the largest market share of the LiDAR for Automotive Market due to factors such as an increase in the demand for driving safety features, the development of cost effective LiDAR solutions, and increasing government regulations. The 3D segment market is estimated to be the fastest growing market of the LiDAR for automotive market, by image type The 3D segment market is estimated to be the fastest growing market of the LiDAR for automotive market, by image type due to the technological advantages over 2D LiDAR and an expected increased use of autonomous vehicle technology in the automotive industry. The accuracy and performance of 3D LiDAR in autonomous vehicles are far superior to conventional solutions such as RADAR and camera. The European market is estimated to be the largest market in the LiDAR for automotive market The European market is projected to be the largest market in the LiDAR for automotive market as the testing of autonomous vehicles has begun in several countries in the region, such as Germany, U.K. and France. The investment in research and development in the European automotive industry is the largest worldwide, with about 180 automobile facilities across the region. The European LiDAR for automotive market is led by the market in Germany owing to the increased demand for technologically advanced features in the country. To speak to our analyst for a discussion on the above findings, click Speak to Analyst
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