Automotive LiDAR Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2030

Description

Persistence Market Research has recently published an in-depth analysis of the global Automotive LiDAR Market, offering a comprehensive overview of key market dynamics, growth drivers, challenges, and emerging trends. This report provides valuable insights into the structure of the Automotive LiDAR Market, presenting exclusive data and statistics that forecast the market's growth trajectory from 2023 to 2030.

The global automotive LiDar market is forecast to expand at a CAGR of 28.7% and thereby increase from a value of US$454.3 Million in 2023, to US$2,657 Million by the end of 2030.

Key Insights:

Automotive LiDAR Market Size (2023E): US$454.3 Million

Projected Market Value (2030F): US$2,657 Million

Global Market Growth Rate (CAGR 2023 to 2030): 28.7%

Historical Market Growth Rate (CAGR 2018 to 2022): 27.2%

Automotive LiDAR Market - Report Scope:

LiDAR (Light Detection and Ranging) technology plays a pivotal role in enabling autonomous driving and advanced driver-assistance systems (ADAS) by providing precise 3D mapping and object detection capabilities. The automotive LiDAR market witnesses increasing adoption driven by the pursuit of safer, more efficient transportation solutions. LiDAR sensors enable vehicles to perceive their surroundings with unparalleled accuracy, facilitating real-time decision-making and enhancing overall safety. Market growth is propelled by the intensifying focus on vehicle automation, regulatory initiatives promoting road safety, and advancements in LiDAR sensor technology, including cost reduction and miniaturization.

Market Growth Drivers:

The global automotive LiDAR market is primarily driven by the rapid advancement of autonomous vehicle technology and the growing demand for enhanced safety features in automobiles. LiDAR sensors serve as critical components for enabling autonomous driving functionalities, offering precise object detection and distance measurement capabilities essential for navigating complex environments. Moreover, increasing investments by automotive OEMs and technology companies in LiDAR technology development further accelerate market growth. Technological innovations, such as solid-state LiDAR and MEMS-based sensors, contribute to cost reduction and scalability, fostering wider adoption across the automotive industry.

Market Restraints:

Despite robust growth prospects, the automotive LiDAR market faces challenges related to cost, performance, and regulatory compliance. High manufacturing costs associated with LiDAR sensors limit their integration into mass-market vehicles, hindering widespread adoption. Additionally, LiDAR systems' performance in adverse weather conditions and complex urban environments remains a concern, posing operational challenges for autonomous driving applications. Moreover, regulatory uncertainties and standardization issues surrounding autonomous vehicle technology impede market growth, necessitating collaborative efforts among industry stakeholders and regulatory bodies to establish guidelines and safety standards.

Market Opportunities:

The automotive LiDAR market presents significant opportunities driven by technological advancements and evolving mobility trends. Integration of LiDAR sensors with other sensing technologies, such as radar and cameras, enhances sensor fusion capabilities and improves overall perception accuracy in autonomous vehicles. Moreover, increasing investments in LiDAR infrastructure and mapping services support the development of high-definition maps essential for autonomous navigation. Furthermore, partnerships and collaborations among automotive OEMs, LiDAR suppliers, and technology firms accelerate innovation and drive market expansion, fostering the development of scalable and cost-effective LiDAR solutions for diverse applications.

Key Questions Answered in the Report:

What are the key factors driving the growth of the automotive LiDAR market?
How are advancements in LiDAR technology reshaping the automotive industry landscape?
What are the primary challenges and barriers hindering market growth?
Which regions are expected to witness significant adoption of LiDAR technology in automobiles?
What are the emerging trends and future prospects in the global automotive LiDAR market?

Competitive Intelligence and Business Strategy:

Leading players in the global automotive LiDAR market, including Velodyne Lidar, Inc., Luminar Technologies, Inc., and Innoviz Technologies, Ltd., focus on product innovation and strategic partnerships to gain a competitive edge. These companies invest significantly in research and development to develop next-generation LiDAR solutions optimized for automotive applications. Collaborations with automotive OEMs and technology partners enable market players to integrate LiDAR sensors into vehicle platforms and advance autonomous driving capabilities. Moreover, strategic acquisitions and investments in manufacturing and supply chain infrastructure strengthen market presence and enhance value proposition for customers.

Key Companies Profiled:
Velodyne Lidar, Inc.
Luminar Technologies, Inc.
Innoviz Technologies, Ltd.
Ouster, Inc.
LeddarTech Inc.
Quanergy Systems, Inc.
AEye, Inc.
Blickfeld GmbH
Hesai Technology Co., Ltd.

Robosense (Suteng Innovation Technology Co., Ltd.)

Automotive LiDAR Market Research Segmentation:

The automotive LiDAR market encompasses a diverse range of products and applications tailored to specific vehicle platforms and operational requirements.

By Type:
Mechanical LiDAR
Solid-State LiDAR
By Application:
ADAS
Autonomous Cars
By Range:

Short Range (Up to 50 meters)

Medium Range (50-150 meters)

Long Range (Above 150 meters)

By Vehicle Type:
Passenger Car
LCV
HCV
By Region:
North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Product Code: PMRREP17113

1. Executive Summary

1.1. Global Automotive LiDar Market Snapshot, 2023 and 2030
1.2. Market Opportunity Assessment, 2023 - 2030, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Type Lifecycle Analysis
2.4. Automotive LiDar Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Applications
- 2.4.5. Profitability Analysis
2.5. Porter Five Force's Analysis
2.6. Geopolitical Tensions: Market Impact
2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
2.8. Forecast Factors - Relevance and Impact
2.9. Regulatory and Technology Landscape

3. Global Automotive LiDar Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
3.2. Market Size (US$ Mn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2013-2016
- 3.2.2. Current Market Size Forecast, 2018-2026
3.3. Global Automotive LiDar Market Outlook: Type
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Type, 2018 - 2022
- 3.3.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
  - 3.3.3.1. Mechanical LiDAR
  - 3.3.3.2. Solid-State LiDAR
3.4. Market Attractiveness Analysis: Type
3.5. Global Automotive LiDar Market Outlook: Application
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Application, 2018 - 2022
- 3.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
  - 3.5.3.1. ADAS
  - 3.5.3.2. Autonomous Cars
3.6. Market Attractiveness Analysis: Application
3.7. Global Automotive LiDar Market Outlook: Range
- 3.7.1. Introduction / Key Findings
- 3.7.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Range, 2018 - 2022
- 3.7.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Range, 2023 - 2030
  - 3.7.3.1. Short Range (Up to 50 meters)
  - 3.7.3.2. Short Range (Up to 50 meters)
  - 3.7.3.3. Long Range (Above 150 meters)
3.8. Market Attractiveness Analysis: Range
3.9. Global Automotive LiDar Market Outlook: Vehicle Type
- 3.9.1. Introduction / Key Findings
- 3.9.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Vehicle Type, 2018 - 2022
- 3.9.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Vehicle Type, 2023 - 2030
  - 3.9.3.1. Passenger Car
  - 3.9.3.2. LCV
  - 3.9.3.3. HCV
3.10. Market Attractiveness Analysis: Vehicle Type

4. Global Automotive LiDar Market Outlook: Region

4.1. Key Highlights
4.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2018 - 2022
4.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2023 - 2030
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
4.4. Market Attractiveness Analysis: Region

5. North America Automotive LiDar Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

5.1. Key Highlights
5.2. Pricing Analysis
5.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 5.3.1. By Country
- 5.3.2. By Type
- 5.3.3. By Application
- 5.3.4. By Range
- 5.3.5. By Vehicle Type
5.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 5.4.1. U.S.
- 5.4.2. Canada
5.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 5.5.1. Mechanical LiDAR
- 5.5.2. Solid-State LiDAR
5.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 5.6.1. ADAS
- 5.6.2. Autonomous Cars
5.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Range, 2023 - 2030
- 5.7.1. Short Range (Up to 50 meters)
- 5.7.2. Short Range (Up to 50 meters)
- 5.7.3. Long Range (Above 150 meters)
5.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Vehicle Type, 2023 - 2030
- 5.8.1. Passenger Car
- 5.8.2. LCV
- 5.8.3. HCV
5.9. Market Attractiveness Analysis

6. Europe Automotive LiDar Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 6.3.1. By Country
- 6.3.2. By Type
- 6.3.3. By Application
- 6.3.4. By Range
- 6.3.5. By Vehicle Type
6.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. Turkiye
- 6.4.8. Rest of Europe
6.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 6.5.1. Mechanical LiDAR
- 6.5.2. Solid-State LiDAR
6.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 6.6.1. ADAS
- 6.6.2. Autonomous Cars
6.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Range, 2023 - 2030
- 6.7.1. Short Range (Up to 50 meters)
- 6.7.2. Short Range (Up to 50 meters)
- 6.7.3. Long Range (Above 150 meters)
6.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Vehicle Type, 2023 - 2030
- 6.8.1. Passenger Car
- 6.8.2. LCV
- 6.8.3. HCV
6.9. Market Attractiveness Analysis

7. East Asia Automotive LiDar Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 7.3.1. By Country
- 7.3.2. By Type
- 7.3.3. By Application
- 7.3.4. By Range
- 7.3.5. By Vehicle Type
7.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
7.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 7.5.1. Mechanical LiDAR
- 7.5.2. Solid-State LiDAR
7.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 7.6.1. ADAS
- 7.6.2. Autonomous Cars
7.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Range, 2023 - 2030
- 7.7.1. Short Range (Up to 50 meters)
- 7.7.2. Short Range (Up to 50 meters)
- 7.7.3. Long Range (Above 150 meters)
7.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Vehicle Type, 2023 - 2030
- 7.8.1. Passenger Car
- 7.8.2. LCV
- 7.8.3. HCV
7.9. Market Attractiveness Analysis

8. South Asia & Oceania Automotive LiDar Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 8.3.1. By Country
- 8.3.2. By Type
- 8.3.3. By Application
- 8.3.4. By Range
- 8.3.5. By Vehicle Type
8.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
8.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 8.5.1. Mechanical LiDAR
- 8.5.2. Solid-State LiDAR
8.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 8.6.1. ADAS
- 8.6.2. Autonomous Cars
8.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Range, 2023 - 2030
- 8.7.1. Short Range (Up to 50 meters)
- 8.7.2. Short Range (Up to 50 meters)
- 8.7.3. Long Range (Above 150 meters)
8.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Vehicle Type, 2023 - 2030
- 8.8.1. Passenger Car
- 8.8.2. LCV
- 8.8.3. HCV
8.9. Market Attractiveness Analysis

9. Latin America Automotive LiDar Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 9.3.1. By Country
- 9.3.2. By Type
- 9.3.3. By Application
- 9.3.4. By Range
- 9.3.5. By Vehicle Type
9.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
9.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 9.5.1. Mechanical LiDAR
- 9.5.2. Solid-State LiDAR
9.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 9.6.1. ADAS
- 9.6.2. Autonomous Cars
9.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Range, 2023 - 2030
- 9.7.1. Short Range (Up to 50 meters)
- 9.7.2. Short Range (Up to 50 meters)
- 9.7.3. Long Range (Above 150 meters)
9.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Vehicle Type, 2023 - 2030
- 9.8.1. Passenger Car
- 9.8.2. LCV
- 9.8.3. HCV
9.9. Market Attractiveness Analysis

10. Middle East & Africa Automotive LiDar Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 10.3.1. By Country
- 10.3.2. By Type
- 10.3.3. By Application
- 10.3.4. By Range
- 10.3.5. By Vehicle Type
10.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
10.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 10.5.1. Mechanical LiDAR
- 10.5.2. Solid-State LiDAR
10.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 10.6.1. ADAS
- 10.6.2. Autonomous Cars
10.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Range, 2023 - 2030
- 10.7.1. Short Range (Up to 50 meters)
- 10.7.2. Short Range (Up to 50 meters)
- 10.7.3. Long Range (Above 150 meters)
10.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Vehicle Type, 2023 - 2030
- 10.8.1. Passenger Car
- 10.8.2. LCV
- 10.8.3. HCV
10.9. Market Attractiveness Analysis

11. Competition Landscape

11.1. Market Share Analysis, 2022
11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Solid-State LiDAR
- 11.2.3. Apparent Product Capacity
11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. Velodyne Lidar, Inc.
  - 11.3.1.1. Overview
  - 11.3.1.2. Segments and Product
  - 11.3.1.3. Key Financials
  - 11.3.1.4. Market Developments
  - 11.3.1.5. Market Strategy
- 11.3.2. Luminar Technologies, Inc.
  - 11.3.2.1. Overview
  - 11.3.2.2. Segments and Product
  - 11.3.2.3. Key Financials
  - 11.3.2.4. Market Developments
  - 11.3.2.5. Market Strategy
- 11.3.3. Innoviz Technologies, Ltd.
  - 11.3.3.1. Overview
  - 11.3.3.2. Segments and Product
  - 11.3.3.3. Key Financials
  - 11.3.3.4. Market Developments
  - 11.3.3.5. Market Strategy
- 11.3.4. Ouster, Inc.
  - 11.3.4.1. Overview
  - 11.3.4.2. Segments and Product
  - 11.3.4.3. Key Financials
  - 11.3.4.4. Market Developments
  - 11.3.4.5. Market Strategy
- 11.3.5. LeddarTech, Inc.
  - 11.3.5.1. Overview
  - 11.3.5.2. Segments and Product
  - 11.3.5.3. Key Financials
  - 11.3.5.4. Market Developments
  - 11.3.5.5. Market Strategy
- 11.3.6. Quanergy Systems, Inc.
  - 11.3.6.1. Overview
  - 11.3.6.2. Segments and Product
  - 11.3.6.3. Key Financials
  - 11.3.6.4. Market Developments
  - 11.3.6.5. Market Strategy
- 11.3.7. Aeva, Inc.
  - 11.3.7.1. Overview
  - 11.3.7.2. Segments and Product
  - 11.3.7.3. Key Financials
  - 11.3.7.4. Market Developments
  - 11.3.7.5. Market Strategy
- 11.3.8. Cepton Technologies, Inc.
  - 11.3.8.1. Overview
  - 11.3.8.2. Segments and Product
  - 11.3.8.3. Key Financials
  - 11.3.8.4. Market Developments
  - 11.3.8.5. Market Strategy
- 11.3.9. AEye, Inc.
  - 11.3.9.1. Overview
  - 11.3.9.2. Segments and Product
  - 11.3.9.3. Key Financials
  - 11.3.9.4. Market Developments
  - 11.3.9.5. Market Strategy
- 11.3.10. Hesai Technology Co., Ltd.
  - 11.3.10.1. Overview
  - 11.3.10.2. Segments and Product
  - 11.3.10.3. Key Financials
  - 11.3.10.4. Market Developments
  - 11.3.10.5. Market Strategy

12. Appendix

12.1. Research Methodology
12.2. Research Assumptions
12.3. Acronyms and Abbreviations