The global Automotive LiDAR Market size is expected to value at USD 223.2 million by 2024. The market is subject to witness a substantial growth due to the increasing demand for advanced safety features in both lightweight and heavyweight vehicles, and mandatory administrative regulations for incorporation of safety measures such as AEB braking systems installations, majorly in the developed economies such as U.S. and the UK. Rise in the integration of safety systems in both autonomous and semi-autonomous vehicles owing to increasing demand from end-user is expected to drive the growth of automotive LiDAR market over the forecast period.

High-end demand for automation in booming automobile industry at various levels of vehicle production is expected to draw huge investment from industry participants, thereby propelling market growth across the globe in the years to come. Globally, the automotive LiDAR industry is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.

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LiDAR or LADAR is widely accepted surveying method that determines target distance by exemplifying the target area with pulsed laser light. LiDAR, which stands for light detection and ranging measures the reflected pulses from target location with a sensor. LiDAR displays digital 3-D representations of the target to the user. LiDAR is also used for laser scanning and 3-D scanning for application such as automotive and mobile applications. These factors are expected to offer high market potential in the Asia Pacific countries.

The stringent government laws & regulation in regards to incorporation of safety systems in a vehicle is critical factor for market growth, in the recent years. Automotive LiDAR along with advanced driver-assistance system offer a full-proof collision avoidance system, which is consists of software and hardware interfaces. With reduction in the cost of hardware and addition of advanced front & rear cameras and radar is anticipated to drive demand for automotive LiDAR. Advent of cost-efficient software solution is estimated to offer an alternative source of revenue for service providers in automotive LiDAR industry.

The automotive LiDAR market is broadly categorized into two major segments based on end-user application such as advanced driver-assistance system (ADAS) and autonomous cars segment. The advanced driver-assistance system (ADAS) is considered as one of the fastest growing segment in the automotive LiDAR industry with substantial revenue generation in the last couple of years. The advanced driver-assistance system (ADAS) is further divided into two sub-segments such as Automatic Emergency Braking (AEB) and Adaptive Cruise Control (ACC). The Adaptive Cruise Control (ACC) sub-segment has witnessed massive growth, in the last few years, owing to the surging incorporation of automation technologies in the car driving and safety technologies.

The advanced driver-assistance system (ADAS) offer short-range and long-range radars for vehicles, which is highly preferred while parking and transferring active cruise controls. LiDAR (light detection and ranging) allows 3D mapping of surrounding area with the help of dead reckoning sensors and perform odometry operations. The ultrasound aspect of advanced driver-assistance system (ADAS) helps in parking, pedestrian detection and other obstacle detection.

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The automotive LiDAR market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in automotive industry, higher approval rate on the account of administrative regulations, mandate installation of automobile safety systems in both lightweight and heavyweight vehicles, and existence of well-established automotive industry in the region. Asia-Pacific region is predicted to hold major market share in the automotive LiDAR with massive growth in forecast period.

Countries such as India, China, Japan and Singapore are leading the Asia-Pacific market with increasing adoption of LiDAR sensors in dynamic remote sensing applications and collision avoidance technologies, favorable government laws & regulations and significant investment by the leading industry players considering potential growth opportunities in the region. The key players in the automotive LiDAR industry are Continental AG, Denso Co., LeddarTech, Velodyne LiDAR, Inc., Novariant, Inc., Robert Bosch GmbHand Quanergy Systems, Inc.

Market Segment:

LiDAR Application Type Outlook (Revenue, USD Million, 2014 - 2024)
• Advanced Driver Assistance Systems(ADAS)
• Automatic Emergency Braking (AEB)
• Adaptive Cruise Control (ACC)
• Autonomous Cars

LiDAR Regional Outlook (Revenue, USD Million, 2014 - 2024)
• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• The Middle East & Africa

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In 2019, the market size of Vehicle Lidar Sensor is million US$ and it will reach million US$ in 2025, growing at a CAGR of from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.

In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Vehicle Lidar Sensor.

This report studies the global market size of Vehicle Lidar Sensor, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).

This study presents the Vehicle Lidar Sensor production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.

For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.

In global market, the following companies are covered:

• Velodyne LiDAR
• Quanenergy Systems
• LeddarTech
• Continental
• Bosch
• Delphi
• Denso
• First Sensor AG
• Hella
• Ibeo Automotive Systems
• Novariant
• Phantom Intelligence
• PulsedLight
• Teledyne Optech
• Trilumina
• Valeo

Market Segment by Product Type

• Static Electricity Drive
• Electromagnetic Drive
• Electrothermal Drive
• Piezoelectric Drive
• Others

Market Segment by Application

• ADAS
• Autonomous Driving

Key Regions split in this report: breakdown data for each region.

• United States
• China
• European Union
• Rest of World (Japan, Korea, India and Southeast Asia)

The study objectives are:

• To analyze and research the Vehicle Lidar Sensor status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
• To present the key Vehicle Lidar Sensor manufacturers, presenting the sales, revenue, market share, and recent development for key players.
• To split the breakdown data by regions, type, companies and applications
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends, drivers, influence factors in global and regions
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market

In this study, the years considered to estimate the market size of Vehicle Lidar Sensor are as follows:

• History Year: 2014-2018
• Base Year: 2018
• Estimated Year: 2019
• Forecast Year 2019 to 2025

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29 April 2019, Global LiDAR market was worth USD 260 million in 2015. It is estimated to grow at a CAGR of 12% from 2016 to 2024 (forecast period). Rising demand for 3D imaging technology in a variety of applications is an important market driver. The adoption of aerial systems for the detection and exploration of historic details is increasing. Vendors are in the process of introducing several novel products in this space. These factors are propelling market growth.

However, LiDAR system’s components like laser scanner, navigation systems, high-resolution 3D cameras, etc. are expensive. This coupled with poor consumer awareness may hamper its future prospects.

The market is segmented as per applications, products, components, and regions. Applications are divided into civil engineering, government, topographical surveys, corridor mapping, and military & defense. Civil engineering, which includes areas like power line deployments and flooded mapping, would grow at a CAGR of 17% over the forecast period.

Topological surveys and military & defense are projected to grow at a steady rate till 2024. Government applications could increase owing to technological developments in forestry management, railways, roadways, etc.

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Products comprise a short range, airborne, mobile, and terrestrial. Terrestrial products held over 30% of the total revenues in 2015. Their advantages include remote acquisition and measurement, and high point density data. Mobile systems are foreseen to grow at a CAGR of over 24% in the next eight years. This attributes to surging demand for accurate, high-resolution 3D geospatial data.

Components include laser scanners, GPS (Global Positioning System), data storage & management, navigation/IMU (Inertial Measurement Unit), and others. ‘Others’ consist of MEMS (Micro-Electro-Mechanical Systems) mirror and cameras. IMU is expected to grow at a 23% CAGR through the forecast period.

North America, Europe, Asia Pacific, Latin America, and MEA (the Middle East & Africa) constitute the regional segments of the LiDAR market. North America is poised to dominate by 2024. It could account for over 39% of the market revenues that year. This is credited to widespread adoption of advanced 3D imaging technologies by the U.S. government. The Asia Pacific should grow owing to escalating spending on military & defense.

Key players in the global market include Aerometric Quantum Spatial, Airborne Hydrography AB, Reigl Laser Measurement System GmBH, Michael Baker International, Lecia Geosystems AG. They focus on collaborations, acquisitions, and product launches to gain market share.

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