Automotive LiDAR Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently released a comprehensive report on the worldwide market for automotive LiDAR. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure.

Key Insights:

Automotive LiDAR Market Size (2024E): USD 584.7 million
Projected Market Value (2031F): USD 2665.6 million
Global Market Growth Rate (CAGR 2024 to 2031): 24.20%

Automotive LiDAR Market - Report Scope:

Automotive LiDAR (Light Detection and Ranging) systems play a crucial role in the development of autonomous vehicles, providing high-resolution 3D mapping and object detection capabilities. These systems emit laser pulses to measure distances and create detailed, real-time maps of the vehicle's surroundings, enabling safe navigation and collision avoidance. The automotive LiDAR market caters to various segments within the automotive industry, including passenger vehicles, commercial vehicles, and autonomous driving platforms. Market growth is driven by increasing demand for advanced driver-assistance systems (ADAS), the rising adoption of autonomous vehicles, and advancements in LiDAR technology enhancing accuracy and reliability.

Market Growth Drivers:

The global automotive LiDAR market is propelled by several key factors, including growing investments in autonomous vehicle technology and increasing adoption of ADAS. The rising focus on vehicle safety and stringent government regulations mandating the inclusion of advanced safety features further drive market expansion. Technological advancements, such as the development of solid-state LiDAR and hybrid LiDAR systems, offer improved performance and cost efficiency, fostering market growth. Moreover, the expanding deployment of LiDAR in smart city projects and the integration of LiDAR with other sensor technologies create new avenues for market players to innovate and expand their product offerings.

Market Restraints:

Despite promising growth prospects, the automotive LiDAR market faces challenges related to high costs, integration complexities, and regulatory uncertainties. The high cost of LiDAR systems, driven by expensive components and manufacturing processes, poses a challenge for widespread adoption, particularly in cost-sensitive markets. Integration complexities related to the calibration and synchronization of LiDAR with other vehicle systems also hinder market growth. Additionally, regulatory uncertainties surrounding the use of LiDAR in autonomous vehicles and the lack of standardized testing protocols affect market dynamics. Addressing these challenges requires collaboration between industry stakeholders and regulatory bodies to promote the development of cost-effective, reliable, and standardized LiDAR solutions.

Market Opportunities:

The automotive LiDAR market presents significant growth opportunities driven by technological innovations, evolving automotive trends, and strategic collaborations. The ongoing advancements in LiDAR technology, including the development of MEMS-based LiDAR and frequency-modulated continuous wave (FMCW) LiDAR, enhance system performance and reduce costs. The increasing trend of vehicle electrification and the rise of shared mobility services further stimulate demand for LiDAR systems. Strategic partnerships between automotive OEMs, LiDAR manufacturers, and technology providers are essential to accelerate the development and commercialization of next-generation LiDAR solutions. Additionally, expanding applications of LiDAR in areas such as precision agriculture, environmental monitoring, and industrial automation broaden the market scope and drive innovation.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the automotive LiDAR market globally?
Which LiDAR types and applications are driving adoption across different vehicle segments?
How are technological advancements reshaping the competitive landscape of the automotive LiDAR market?
Who are the key players contributing to the automotive LiDAR market, and what strategies are they employing to maintain market relevance?
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., Innoviz Technologies, Luminar Technologies, and Quanergy Systems, focus on innovation, product differentiation, and strategic partnerships to gain a competitive edge. These companies invest in R&D to develop advanced LiDAR solutions, including solid-state LiDAR, hybrid LiDAR, and MEMS-based LiDAR, catering to diverse automotive applications. Collaborations with automotive OEMs, technology integrators, and regulatory bodies facilitate market access and promote technology adoption. Moreover, emphasis on pilot projects, field testing, and customer feedback fosters market growth and enhances system reliability in the rapidly evolving automotive landscape.

Key Companies Profiled:

Velodyne Lidar, Inc.
Luminar Technologies, Inc.
Innoviz Technologies, Ltd.
Ouster, Inc.
LeddarTech, Inc.
Quanergy Systems, Inc.
Aeva, Inc.
Cepton Technologies, Inc.
AEye, Inc.
Hesai Technology Co., Ltd.

Automotive LiDar Market Research Segmentation

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, 2024-2031
1.2. Market Opportunity Assessment, 2024-2031, 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 (2019-2023) and Forecast (2024-2031)

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, 2019-2023
- 3.2.2. Current Market Size Forecast, 2024-2031
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, 2019-2023
- 3.3.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2024-2031
  - 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, 2019-2023
- 3.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2024-2031
  - 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, 2019-2023
- 3.7.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Range, 2024-2031
  - 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, 2019-2023
- 3.9.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Vehicle Type, 2024-2031
  - 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, 2019-2023
4.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2024-2031
- 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 (2019-2023) and Forecast (2024-2031)

5.1. Key Highlights
5.2. Pricing Analysis
5.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2019-2023
- 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, 2024-2031
- 5.4.1. U.S.
- 5.4.2. Canada
5.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2024-2031
- 5.5.1. Mechanical LiDAR
- 5.5.2. Solid-State LiDAR
5.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2024-2031
- 5.6.1. ADAS
- 5.6.2. Autonomous Cars
5.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Range, 2024-2031
- 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, 2024-2031
- 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 (2019-2023) and Forecast (2024-2031)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2019-2023
- 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, 2024-2031
- 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. Turkey
- 6.4.8. Rest of Europe
6.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2024-2031
- 6.5.1. Mechanical LiDAR
- 6.5.2. Solid-State LiDAR
6.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2024-2031
- 6.6.1. ADAS
- 6.6.2. Autonomous Cars
6.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Range, 2024-2031
- 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, 2024-2031
- 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 (2019-2023) and Forecast (2024-2031)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2019-2023
- 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, 2024-2031
- 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, 2024-2031
- 7.5.1. Mechanical LiDAR
- 7.5.2. Solid-State LiDAR
7.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2024-2031
- 7.6.1. ADAS
- 7.6.2. Autonomous Cars
7.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Range, 2024-2031
- 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, 2024-2031
- 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 (2019-2023) and Forecast (2024-2031)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2019-2023
- 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, 2024-2031
- 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, 2024-2031
- 8.5.1. Mechanical LiDAR
- 8.5.2. Solid-State LiDAR
8.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2024-2031
- 8.6.1. ADAS
- 8.6.2. Autonomous Cars
8.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Range, 2024-2031
- 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, 2024-2031
- 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 (2019-2023) and Forecast (2024-2031)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2019-2023
- 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, 2024-2031
- 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, 2024-2031
- 9.5.1. Mechanical LiDAR
- 9.5.2. Solid-State LiDAR
9.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2024-2031
- 9.6.1. ADAS
- 9.6.2. Autonomous Cars
9.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Range, 2024-2031
- 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, 2024-2031
- 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 (2019-2023) and Forecast (2024-2031)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2019-2023
- 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, 2024-2031
- 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, 2024-2031
- 10.5.1. Mechanical LiDAR
- 10.5.2. Solid-State LiDAR
10.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2024-2031
- 10.6.1. ADAS
- 10.6.2. Autonomous Cars
10.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Range, 2024-2031
- 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, 2024-2031
- 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, 2024
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