The MEMS LiDAR market was valued at US$270.961 million in 2020 and is expected to grow at a CAGR of 27.05% over the forecast period to reach a market size of US$1,448 million in 2027.MEMS mirror-based laser scanners are known to have various advantages in terms of their size, speed, and cost over other types of laser scanners, making them suitable for LiDAR in a wide range of applications. A figure of merit is defined for MEMS mirrors in LiDAR scanners in terms of aperture size, field of view, and resonant frequency. Several MEMS mirrors based on different actuation mechanisms are compared using the figure of merit. Finally, a preliminary assessment of off-the-shelf MEMS-scanned LiDAR systems is given.
The MEMS LiDAR market is driven by increasing demand from the automobile industry. With the increasing demand for automated vehicles, the demand for LiDAR is increasing. MEMS helps in the manufacturing of cost-effective and smaller LiDAR. However, the presence of substitutes and lack of awareness about technology can hamper the growth of the market. Geographically, North America and the European region are expected to have a significant market share on account of the growing automobile sector and adaptation of technology in the region. Moreover, demand for automated vehicles is also increasing in the region which is further uplifting the growth of the market.
Growing autonomous vehiclesHuge automotive players like Google, BMW, and Volvo among other car developers have been including MEM lidar sensors in their development to ensure safe driving. The improvements in technology, like adaptive algorithms, high-definition mapping, sensor processing, and enhanced infrastructure, have been prompting various companies to expand the production of autonomous vehicles, which use LiDAR technology for their functioning, thus catalyzing the demand for these sensors. The market has a huge range of products and systems that make the autonomous vehicle infrastructure. Autonomous cars enable independent mobility for non-drivers and people suffering from disabilities. It allows travelers to travel with more comfort and also offers the flexibility to read, rest, or even work while traveling, thus, increasing their efficiency. Other benefits like increased safety with reduced crash risks and increased road capacity with reduced costs are expected to significantly drive the adoption of these vehicles in the market, which in turn is projected to propel the market for MEM LiDAR sensors used in these vehicles.
Several key players have been working towards enhancing the experience of using autonomous vehicles, with the help of developing technologies. For instance, in 2019, Volkswagen announced its collaboration with Ford to invest in the AI vendor Argo AI. The partnership aimed to introduce autonomous vehicle technology in the US and Europe. The company decided to invest more than USD 4 billion through 2023 to develop and enhance its autonomous services. Further, Audi became the first company to develop a Level 3 autonomous car by launching its Audi A8 in the market. Furthermore, in 2022, German automaker Mercedes Benz became the world's first to gain internationally valid regulatory approval for producing vehicles capable of Level 3 autonomous driving. Mercedes Benz's updated Drive Pilot system is capable of taking over the driving chores while the vehicle is traveling at the legally permitted speed of 37 miles per hour. All these developments and innovations in the automobile sector are thus expected to drive the sales for autonomous vehicles, which is conversely expected to boost the market growth for MEM LiDAR sensors used in the automotive sector.
Product InsightsMEMS solid-state RS-LiDAR-M1, by RoboSense, adapts to every weather condition for intelligent vehicles. RoboSense has adopted the VDA6.3 as the basis of project management and control, fully implemented the requirements of the IATF16949 quality management system and ISO26262 standard, and has integrated ISO16750 and other automotive-grade reliability specifications in order to carry out a series of verification tests on the M1.
Innoviz released a MEMS-based solid-state lidar, called InnovizPro, which allows ranging of up to 150 meters distance with a 73?×20?73?×20? field of view and 0.15? horizontal resolution.
Competitive InsightsThe LiDcAR project, which is a collaboration between Infineon Technologies Austria AG, TU Wien - Automation and Control Institute, and the Virtual Vehicle Research Centre is an FFG-funded research project, that aims to explore and assess the two most promising lidar technologies to pave the way for the long-sought automotive-qualified, robust, long-range, and low-cost Lidar solution. The obtained results and insights through this project would pave the way for the future automotive-qualified and low-cost key lidar technology made in Austria.
COVID-19 Impact on the MEMS LiDAR MarketThe COVID-19 pandemic had a severely negative impact on the overall automotive industry, compelling automakers to cut down on their output at their production plants. The pandemic also impacted many OEM operations, from production to R&D, which created short-term disruption and delayed autonomous vehicle development and rollouts, thus causing a disruption in the market for MEMS LiDAR as the sensors to find significant use in the automotive sector.
- Space Applications
- Wind Velocimetry
- North America
- United States
- South America
- Middle East and Africa (MEA)
- Saudi Arabia
- Asia Pacific
- South Korea
Frequently Asked Questions about the MEMS LiDAR Market
What is the estimated value of the MEMS LiDAR Market?
The MEMS LiDAR Market was estimated to be valued at $270.96 million in 2020.
What is the growth rate of the MEMS LiDAR Market?
The growth rate of the MEMS LiDAR Market is 27.0%, with an estimated value of $1448 million by 2027.
What is the forecasted size of the MEMS LiDAR Market?
The MEMS LiDAR Market is estimated to be worth $1448 million by 2027.
Who are the key companies in the MEMS LiDAR Market?
Key companies in the MEMS LiDAR Market include RoboSense (Suteng Innovation Technology Co. Ltd.), Jenoptik, Blickfeld, Pioneer Corporation, Innovize, microvision inc. and Mitsubishi Electric Corporation.
|No. of Pages||138|
|Forecast Period||2020 - 2027|
| Estimated Market Value ( USD
||USD 270.96 million|
| Forecasted Market Value ( USD
||USD 1448 million|
|Compound Annual Growth Rate||27.0%|
|No. of Companies Mentioned||8|
Table of Contents1. INTRODUCTION
1.1. Market Overview
1.2. Covid-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of End-Users
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. MEMS LIDAR MARKET By Component
6. MEMS LIDAR MARKET By Application
6.3. Space Applications
6.4. Wind Velocimetry
7. MEMS LIDAR MARKET BY GEOGRAPHY
7.2. North America
7.2.1. United States
7.3. South America
7.5. Middle East and Africa (MEA)
7.5.1. Saudi Arabia
7.6. Asia Pacific
7.6.3. South Korea
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. COMPANY PROFILES
9.1. RoboSense (Suteng Innovation Technology Co. Ltd.)
9.4. Pioneer Corporation
9.6. microvision inc.
9.7. Drape Inc.
9.8. Mitsubishi Electric Corporation
- RoboSense (Suteng Innovation Technology Co. Ltd.)
- Pioneer Corporation
- microvision inc.
- Drape Inc.
- Mitsubishi Electric Corporation