LIDAR stands for Light Detection and Ranging. Lidar solutions are alternatively known as the time of flight (ToF), laser scanners, or laser radars. The objective of automotive LiDAR solutions is to work as efficient sensing methods that would detect objects and map their distances. The basics of the Automotive LiDAR Technology comprise lighting up a target with an optical pulse and subsequently measuring the reflected return signal’s diverse characteristics. One of the areas where LiDAR technology excels is Spatial Resolution. Its spatial resolution capabilities make it possible to obtain an extremely high-resolution 3D characterization of objects without requiring high-end back-end processing.
According to this analysis, the Global Automotive LiDAR Market is estimated to have grown to a size of ~US$500 million in 2022 from ~US$200 million in 2017. The market is expected to grow further to a size of ~US$1,500 million by 2028 at a CAGR of ~20% for the forecasted period of 2022-2028, owing to the consistent rise in the adoption of semi-autonomous and autonomous vehicles aided by encouraging government regulations/policies, superior detection capabilities and technological advancements achieved by the automotive LIDAR segment, increasing awareness to vehicle safety regulations and the growing presence of ADAS or Advanced Driver Assistance Systems.
According to a research study, cited by the Ohio University website, nearly 12 million autonomous and 18 million semi-autonomous vehicles will be sold globally by 2035. Apart from these vehicles, vehicles with some sort of autonomous features will occupy one-fourth of the market within the same time frame. The adoption of autonomous/semi-autonomous vehicles could be across a variety of areas/industries, including general transport, such as trucking fleets, taxi services, school and transit bus services, and the more commercial areas of mining, construction, farming, and manufacturing. There are several benefits for these application areas/industries to adopt autonomous vehicles. These vehicles can guarantee safety in some of the most challenging/hazardous work areas, save labor costs and time, and reduce carbon emissions by a significant margin, ensuring optimized driving. Automotive LIDARs are used across both segments of semi-autonomous and autonomous vehicles. Growth in the adoption of these types of vehicles would boost the LiDAR Market notably.
The Automotive LiDAR Market segment has achieved significant technological advancements over the years. LIDARs are capable of collimating laser light, including its short wavelength within the range of 905-1,550 nm. It is also possible to achieve spatial resolution on the order of 0.1 degrees with LIDAR. All these results in best-in-class spatial resolution features. Mechanical LIDAR systems offer the widest field of view among all Advanced Driver Assistance Systems. While technological advancements have made LIDARs highly efficient, their prices have also reduced significantly. A report published by Texas Instruments in May 2020 predicted the cost of a LIDAR module to come down to less than US$200 by 2022.
LIDARs are often not as efficient as they’re expected to be when the weather conditions are adverse. A scientific study on the influence of weather conditions on automotive LIDAR sensors indicates a significant impairment in the perception of objects and a notable reduction in detection range when there is fog or rain. These impairments may lead to misclassifications and wrong detections and are to be solved effectively for the market to grow at a faster pace. LiDAR systems are also vulnerable to ambient light conditions.
Like many other industries, the supply chain in the market of automotive components was also disrupted during the COVID-19 pandemic. Exports of parts and components from China were disrupted and so were manufacturing in Europe and assembling activities in the North American region. However, the restrictions have now been lifted and the possibility of reducing carbon emissions through autonomous cars has helped the market to get back on track.
By Technology: Technology-wise, Solid State LiDAR’s occupied the largest share of the market in 2021.
There are several benefits of a Solid State LiDAR that have helped it gain a competitive edge over mechanical/scanning LiDAR’s. Solid-State LiDAR’s are cheaper and have multiple implementation methods, including Microelectromechanical Systems (MEMs), Flash LIDAR, Frequency-Modulated Continuous Wave LIDAR(FMCW), and Optical Phase Array.
On the other hand, the growth in the Mechanical/Scanning LiDAR segment is expected to be driven by its technological superiority. Apart from using high-grade optics, these LIDARs leverage rotating assemblies to create a wider field of view.
By Location: Automotive LiDAR’s installed on roofs and upper pillars accounted for the largest share of the market in 2021.
Automotive LiDAR’s that leverage the spinning scanner technology on the car roof - covering a full 360-degree horizontal view around the vehicle - is one of the most common varieties in the segment. These scanners are capable of including up to 128 separate lasers and spinning mechanical mirrors at a frequency of 30 Hz. LiDAR’s mounted on the top of the car are also a commonly seen feature in Google’s self-driving cars.
Although LiDAR’s mounted atop are the most common, placement of LiDAR’s on roofs and upper pillars leave blind spots near the vehicle. The need to cover these blind spots drives the market for other segments, namely headlight and taillight LiDAR’s, bumpers and grill LiDAR’s, etc.
By Range: The Short- and Mid-range LiDAR’s accounted for the largest share of the market in 2021.
Short and Mid-range LiDAR’s are not as expensive as long-range LiDAR’s that come with a range of 100 meters. Moreover, long-range LIDARs are not efficient in detecting close-range objects.
The short- and mid-range LiDAR’s work well in meeting most of the automotive needs unless it is for fast-moving navigating vehicles.
By Vehicle Type: IC Engine vehicles accounted for the largest segment of the market in 2021.
Although the EV segment is increasing at a considerable pace, the automotive market is still largely dominated by ICE vehicles. A BloombergNEF study projects that electric vehicles will account for one-tenth of global passenger car sales by 2025 and will subsequently increase to 28% in 2030 and 58% by 2040.
Growth in the EV market is expected to translate into the growth in demand for automotive LIDARs in the HEV, PHEV, and BEV segments.
By Region: Europe accounted for the largest share of the market, region-wise, in 2021.
The leading position of Europe in the automotive LiDAR market stems from its inclination towards autonomous driving. While many countries in the region are aggressively testing the feasibility of large-scale adoption of autonomous vehicles, the EU wants to legalize the LiDAR-based ADAS applications across the continent.
The rising awareness towards optimized driving and reduced carbon emissions is also driving growth in autonomous driving, resulting in enhanced LiDAR sales.
Large global players constitute ~10% of the market in terms of the number of competitors, while regional players hold the largest share. Some of the major players in the market include Continental AG, ZF Friedrichshafen AG, Infineon Technologies AG, Velodyne LiDAR, LeddarTech, First Sensor AG, Quanergy Systems, Innoviz Technologies, Robert Bosch GMBH, Valeo, etc.
In January 2022, LiDAR launched a new sensor suite that included a sophisticated LIDARoption, offering a third sensor for gauging the environment in more detail, compared to cameras and radars.
Note: This is an On-Demand/Planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of 2 working weeks.
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According to this analysis, the Global Automotive LiDAR Market is estimated to have grown to a size of ~US$500 million in 2022 from ~US$200 million in 2017. The market is expected to grow further to a size of ~US$1,500 million by 2028 at a CAGR of ~20% for the forecasted period of 2022-2028, owing to the consistent rise in the adoption of semi-autonomous and autonomous vehicles aided by encouraging government regulations/policies, superior detection capabilities and technological advancements achieved by the automotive LIDAR segment, increasing awareness to vehicle safety regulations and the growing presence of ADAS or Advanced Driver Assistance Systems.
According to a research study, cited by the Ohio University website, nearly 12 million autonomous and 18 million semi-autonomous vehicles will be sold globally by 2035. Apart from these vehicles, vehicles with some sort of autonomous features will occupy one-fourth of the market within the same time frame. The adoption of autonomous/semi-autonomous vehicles could be across a variety of areas/industries, including general transport, such as trucking fleets, taxi services, school and transit bus services, and the more commercial areas of mining, construction, farming, and manufacturing. There are several benefits for these application areas/industries to adopt autonomous vehicles. These vehicles can guarantee safety in some of the most challenging/hazardous work areas, save labor costs and time, and reduce carbon emissions by a significant margin, ensuring optimized driving. Automotive LIDARs are used across both segments of semi-autonomous and autonomous vehicles. Growth in the adoption of these types of vehicles would boost the LiDAR Market notably.
The Automotive LiDAR Market segment has achieved significant technological advancements over the years. LIDARs are capable of collimating laser light, including its short wavelength within the range of 905-1,550 nm. It is also possible to achieve spatial resolution on the order of 0.1 degrees with LIDAR. All these results in best-in-class spatial resolution features. Mechanical LIDAR systems offer the widest field of view among all Advanced Driver Assistance Systems. While technological advancements have made LIDARs highly efficient, their prices have also reduced significantly. A report published by Texas Instruments in May 2020 predicted the cost of a LIDAR module to come down to less than US$200 by 2022.
LIDARs are often not as efficient as they’re expected to be when the weather conditions are adverse. A scientific study on the influence of weather conditions on automotive LIDAR sensors indicates a significant impairment in the perception of objects and a notable reduction in detection range when there is fog or rain. These impairments may lead to misclassifications and wrong detections and are to be solved effectively for the market to grow at a faster pace. LiDAR systems are also vulnerable to ambient light conditions.
Like many other industries, the supply chain in the market of automotive components was also disrupted during the COVID-19 pandemic. Exports of parts and components from China were disrupted and so were manufacturing in Europe and assembling activities in the North American region. However, the restrictions have now been lifted and the possibility of reducing carbon emissions through autonomous cars has helped the market to get back on track.
Scope of the Report
Automotive LiDAR Market is segmented into application, technology, location, range, vehicle type, and region. In addition, the report also covers the size and forecasts for the four major regions of the market. The revenue used to size and forecast the market for each segment is US$ million.By Application
- Semi-Autonomous Vehicles
- Autonomous Vehicles
By Technology
- Solid State
- Mechanical/Scanning
By Location
- Roof and Upper Pillars
- Headlight & Taillight
- Bumper & Grill
- Others
By Range
- Short- & Mid-Range
- Long Range
By Vehicle Type
- IC Engine Vehicle
- Hybrid Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Battery Electric Vehicle
By Region
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
- Asia Pacific (China, Japan, South Korea, India, Indonesia, Australia, Rest of Asia Pacific)
- LAMEA (Latin America, Middle East, Africa)
Key Players
- Continental AG
- ZF Friedrichshafen AG
- Infineon Technologies AG
- Velodyne LiDAR
- LeddarTech
- First Sensor AG
- Quanergy Systems
- Innoviz Technologies
- Robert Bosch GMBH
- Valeo
Key Trends by Market Segment
- By Application: Semi-autonomous vehicles accounted for the largest share of the market in 2021
- A significant number of vehicles are keen to incorporate some autonomous features even if it is not possible to convert the existing vehicle to a fully autonomous one. This tendency is leading to a surge in the market of semi or partially autonomous vehicles
By Technology: Technology-wise, Solid State LiDAR’s occupied the largest share of the market in 2021.
There are several benefits of a Solid State LiDAR that have helped it gain a competitive edge over mechanical/scanning LiDAR’s. Solid-State LiDAR’s are cheaper and have multiple implementation methods, including Microelectromechanical Systems (MEMs), Flash LIDAR, Frequency-Modulated Continuous Wave LIDAR(FMCW), and Optical Phase Array.
On the other hand, the growth in the Mechanical/Scanning LiDAR segment is expected to be driven by its technological superiority. Apart from using high-grade optics, these LIDARs leverage rotating assemblies to create a wider field of view.
By Location: Automotive LiDAR’s installed on roofs and upper pillars accounted for the largest share of the market in 2021.
Automotive LiDAR’s that leverage the spinning scanner technology on the car roof - covering a full 360-degree horizontal view around the vehicle - is one of the most common varieties in the segment. These scanners are capable of including up to 128 separate lasers and spinning mechanical mirrors at a frequency of 30 Hz. LiDAR’s mounted on the top of the car are also a commonly seen feature in Google’s self-driving cars.
Although LiDAR’s mounted atop are the most common, placement of LiDAR’s on roofs and upper pillars leave blind spots near the vehicle. The need to cover these blind spots drives the market for other segments, namely headlight and taillight LiDAR’s, bumpers and grill LiDAR’s, etc.
By Range: The Short- and Mid-range LiDAR’s accounted for the largest share of the market in 2021.
Short and Mid-range LiDAR’s are not as expensive as long-range LiDAR’s that come with a range of 100 meters. Moreover, long-range LIDARs are not efficient in detecting close-range objects.
The short- and mid-range LiDAR’s work well in meeting most of the automotive needs unless it is for fast-moving navigating vehicles.
By Vehicle Type: IC Engine vehicles accounted for the largest segment of the market in 2021.
Although the EV segment is increasing at a considerable pace, the automotive market is still largely dominated by ICE vehicles. A BloombergNEF study projects that electric vehicles will account for one-tenth of global passenger car sales by 2025 and will subsequently increase to 28% in 2030 and 58% by 2040.
Growth in the EV market is expected to translate into the growth in demand for automotive LIDARs in the HEV, PHEV, and BEV segments.
By Region: Europe accounted for the largest share of the market, region-wise, in 2021.
The leading position of Europe in the automotive LiDAR market stems from its inclination towards autonomous driving. While many countries in the region are aggressively testing the feasibility of large-scale adoption of autonomous vehicles, the EU wants to legalize the LiDAR-based ADAS applications across the continent.
The rising awareness towards optimized driving and reduced carbon emissions is also driving growth in autonomous driving, resulting in enhanced LiDAR sales.
Competitive Landscape
The Global Automotive LiDAR market has ~150 players, including globally diversified players, regional players, and country-niche players having expertise in addressing the exact needs for country-specific regulations. Most of the country-niche players are component suppliers to global and regional players or their assembling partners.Large global players constitute ~10% of the market in terms of the number of competitors, while regional players hold the largest share. Some of the major players in the market include Continental AG, ZF Friedrichshafen AG, Infineon Technologies AG, Velodyne LiDAR, LeddarTech, First Sensor AG, Quanergy Systems, Innoviz Technologies, Robert Bosch GMBH, Valeo, etc.
Recent Developments Related to Major Players
According to news published in September 2022, Continental AG is in the process of creating a high-performance, long-range LiDAR that will meet the needs of passenger cars and commercial vehicles. The product has been named HRL 131. According to reports, the product will go for mass production in 2024 and will be capable of covering a range of more than 300 meters for vehicles and more than 200 meters for pedestrians.In January 2022, LiDAR launched a new sensor suite that included a sophisticated LIDARoption, offering a third sensor for gauging the environment in more detail, compared to cameras and radars.
Conclusion
The Global Automotive LiDAR market is expected to grow at a significant pace during the forecast period. Multiple factors will drive growth in this segment, including a consistent rise in the adoption of semi-autonomous and autonomous vehicles backed by supportive government regulations/policies, superior detection capabilities and technological advancements achieved by the automotive LIDARsegment players, increasing awareness towards vehicle safety regulations, and the growing presence of ADAS or Advanced Driver Assistance Systems.Note: This is an On-Demand/Planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of 2 working weeks.
Key Topics Covered in the Report
- Snapshot of the Global Automotive LiDAR Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Global Automotive
- Historic Growth of the Overall Global Automotive LiDAR Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Global Automotive LiDAR Industry
- Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
- COVID-19 Impact on the Overall Global Automotive LiDAR Market
- Future Market Forecast and Growth Rates of the Total Global Automotive LiDAR Market and by Segments
- Market Size of Application Segments with Historical CAGR and Future Forecasts
- Analysis of the Global Automotive LiDAR Market
- Major Production/Supply and Consumption/Demand Hubs within Each Region
- Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Region
Notable Key Players Mentioned in the Report
- Continental AG
- ZF Friedrichshafen AG
- Infineon Technologies AG
- Velodyne LIDAR
- LeddarTech
- First Sensor AG
- Quanergy Systems
- Innoviz Technologies
- Robert Bosch GMBH
- Valeo
- Luminar Technologies
- Aeva
- Ouster
- Cepton
- RoboSense
Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report
- Automotive LiDAR Manufacturers
- Component Suppliers for LiDAR
- Autonomous Vehicle Manufacturers
- Vehicle Manufacturers
- Electric Vehicle Manufacturers
- Mobility-tech startups
- Mobility-Tech/Travel/Transport Industry Investors/VC Funds
- Government Transportation Agencies
- Vehicle Safety Authorities/Research Organizations
- Automotive Electronics Manufacturers
- Semiconductor IP Suppliers
- Semiconductor Chip Manufacturers
- SoC and Hardware Suppliers
- Auto Component Manufacturers
- Government & Regulatory Authorities of Automotive Industry
- Automotive Research institutes
- PCB Designers and Manufacturers
- Investors in Automotive Industry
- Software Developers & EV Component Manufacturers
- Start-ups & Incumbents in Automotive Electronics
- Automotive Testing & Inspection Companies
- Company Research and Development Institutes
- Market Research & Consulting Firms
- Banking and Financial Service Providers
Time Period Captured in the Report
- Historical Period: 2017-2021
- Forecast Period: 2022E-2028F
Frequently Asked Questions
What is the Study Period of this Market Report?
- The Global Automotive LiDAR Market is covered from 2017 - 2028 in this report, which includes a forecast for the period 2022-2028
What is the Future Growth Rate of the Global Automotive LiDAR Market?
- The Global Automotive LiDAR Market is expected to witness a CAGR of ~20% over the next 6 years
What are the Key Factors Driving the Global Automotive LiDAR Market?
- Rise in the adoption of semi-autonomous and autonomous vehicles backed by supportive government regulations/policies, superior detection capabilities and technological advancements achieved by the automotive LIDARsegment players, increasing awareness towards vehicle safety regulations, and the growing presence of ADAS or Advanced Driver Assistance Systems are some of the key factors driving the global Automotive LiDAR market
Which is the Largest Application Segment within the Global Automotive LiDAR Market?
- Application-wise, semi-autonomous vehicles occupied the largest chunk of the market
Who are the Key Players in the Global Automotive LiDAR Market?
- Continental AG, ZF Friedrichshafen AG, Infineon Technologies AG, Velodyne LiDAR, LeddarTech, First Sensor AG, Quanergy Systems, Innoviz Technologies, Robert Bosch GMBH, Valeo, etc.
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Table of Contents
1. Executive Summary
2. Market Overview and Key Trends Impacting Growth
3. Global - Market Segmentation by Application, Historic Growth, Outlook & Forecasts
4. Global - Market Segmentation by Technology, Historic Growth, Outlook & Forecasts
5. Global - Market Segmentation by Location, Historic Growth, Outlook & Forecasts
6. Global - Market Segmentation by Range, Historic Growth, Outlook & Forecasts
7. Global - Market Segmentation by Vehicle Type, Historic Growth, Outlook & Forecasts
8. Industry/Competition Analysis - Competitive Landscape
9. Key Competitor Profiles (Company Overview, Product Offerings, SWOT Analysis)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Continental AG
- ZF Friedrichshafen AG
- Infineon Technologies AG
- Velodyne LIDAR
- LeddarTech
- First Sensor AG
- Quanergy Systems
- Innoviz Technologies
- Robert Bosch GMBH
- Valeo
- Luminar Technologies
- Aeva
- Ouster
- Cepton
- RoboSense
