Automotive LIDAR Sensors Market Trends

Automotive LiDAR Sensors Market Overview:

Automotive LiDAR Sensors Market Size was valued at USD 150.6 Billion in 2023. The Global Automotive LiDAR Sensors Market industry is projected to grow from USD 188.25 Billion in 2024 to USD 897.7 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 21.56% during the forecast period (2024 - 2032). Predictability and high resolution object tracking are becoming increasingly important in self-driving cars are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Automotive LiDAR Sensors Market Trends

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  The growing demand for autonomous vehicles and electric automobiles is favorably boosting market growth

  
  

Growing demand for autonomous vehicles and electric vehicles is a major element driving the market CAGR for the automotive Lidar sector. Rising demand for low-emission transportation, rising fuel prices, and government initiatives or directives towards zero-emission or battery-powered autos through subsidies and tax exemptions can all be considered critical in boosting market demand.

According to the International Energy Agency (IEA), electric two- and three-wheeler sales might reach 50 million by 2030, up from 25 million in 2020, accounting for more than half of total sales. Valeo unveiled their plans for the third generation scanning LiDAR in May 2022, with a commercial launch in 2024. As part of its transition to supporting driverless vehicles, this development will strive to improve performance, resolution, and frame rate. In the long run, these characteristics will serve to increase market demand for automotive lidar.

Furthermore, Government restrictions or requirements aimed at enhancing vehicle safety standards can also be viewed as a major driver of the automotive lidar industry's growth. The alarming increase in the number of deaths caused by road accidents has shifted the focus of government bodies or authorities to improving vehicle safety standards.

According to the National Highway Traffic Safety Administration, traffic fatalities in the United States increased to 42,915 in 2021, following a significant increase in 2020, prompting more calls for faster action on new safety technologies such as vehicle sensors, wireless connections to traffic command centres, and other vehicles and roadside infrastructure.

Automotive LiDAR Sensors Market Segment Insights:

Automotive LiDAR Sensors Application Type Insights

The Automotive LiDAR Sensors Market segmentation, based on application type includes semi-autonomous vehicles, autonomous vehicles. Autonomous vehicles category have the largest market share. Autonomous vehicles adhere to stringent policies and protocols. It consciously adheres to the driving standards. The market has a large proportion due to changing consumer preferences towards autonomous vehicles. An autonomous vehicle is one that can sense its surroundings and operate without human intervention. A human passenger is not necessary to assume control of the car at any moment, nor is a human passenger required to be present in the vehicle at all times.

Automotive LiDAR Sensors Image Type Insights

The Automotive LiDAR Sensors Market segmentation, based on image type, includes 2D Image, 3D Image. In 2022, the 2D Image sub-segment dominated the market. Increasing awareness of the benefits of using 2D LiDAR sensors in various sectors such as security and surveillance, industrial automation, robotic technologies, and logistics will drive market expansion in the future.  LiDAR is a type of remote sensing that determines the distance between two objects by using a laser to illuminate the target and then analysing the reflected light. This allows the sensor to calculate the precise distances between objects. A 2D LiDAR sensor requires only one laser beam. It has a quick processing system and a quick capture system. These are expected to be the primary variables influencing the growth of the automotive LiDAR sensors business during the forecast period.

Figure 1: Automotive LiDAR Sensors Market, by Image Type, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Automotive LiDAR Sensors Placement Insights

The Automotive LiDAR Sensors Market segmentation, based on placement, includes headlight & taillight, bumpers, roof and others. Headlights and taillights category commanded a significant market share.  While headlights and taillights are commonly associated with automobiles, they can also be found on off-road or other types of vehicles. They make things more visible, and they make you more visible. However, in some instances and in some locations, you can obtain a ticket if one is ever found in your vehicle.

Automotive LiDAR Sensors Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. Asia Pacific Automotive lidar Sensors Market area will dominate this market, owing to the increase in demand for robust technology and autonomous cars in the developing economies. China is the major contributor of the automotive lidar market in the region owing to the rising demand for mobility services such as robo-taxis. Growing need for infrastructural development and increase in R&D activities for autonomous vehicles are driving the automotive lidar market in the APAC region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Automotive LiDAR Sensors Market Share By Region 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe’s Automotive LiDAR Sensors Market accounts for the second-largest market share because of the region's growing automotive LiDAR market. Further, the German Automotive LiDAR Sensors Market held the largest market share, and the UK Automotive LiDAR Sensors Market was the fastest-growing market in the European region

The North America Automotive LiDAR Sensors Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to increase in research and development activities and mass production of LiDAR sensors in the region. Moreover, China’s Automotive LiDAR Sensors Market held the largest market share, and the Indian Automotive LiDAR Sensors Market was the fastest-growing market in the North America region.

Automotive LiDAR Sensors Key Market Players & Competitive Insights

Leading market players are investing heavily in R&D to expand their product lines, which will help the Automotive LiDAR Sensors Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Automotive LiDAR Sensors industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Automotive LiDAR Sensors industry to benefit clients and increase the market sector. In recent years, the Automotive LiDAR Sensors industry has offered some of the most significant advantages to medicine. Major players in the Automotive LiDAR Sensors Market, including ZF Friedrichshafen (Germany), Infineon Technologies (Germany). Velodyne LiDAR (U.S.). Texas Instruments Incorporated (U.S.). First Sensor AG(Germany)  and others, are attempting to increase market demand by investing in R&D operations.

Waymo LLC, formerly known as the Google Self-Driving Car Project, is a Mountain View, California-based autonomous driving technology firm. It is a subsidiary of Alphabet Inc., Google's parent firm. Google began developing self-driving technology in January 2009, at the company's Google X lab, which is led by co-founder Sergey Brin. Sebastian Thrun, head of the Stanford Artificial Intelligence Laboratory (SAIL), and Anthony Levandowski, founder of 510 Systems and Anthony's Robots, initiated the project. Following Google's corporate restructure in December 2016, the project was renamed Waymo. October 2020 - Waymo announced that it is launching fully driverless vehicles to the public, announced by the company. It is starting a driverless ride-hailing service for riders in the Phoenix metro area. It will enable passengers to download its app and hail a ride without a driver.​

Velodyne Lidar is a lidar technology business established in Silicon Valley and headquartered in San Jose, California. Velodyne Acoustics spun it out in 2016. The company had over 300 customers as of July 2020. Velodyne Lidar provides sensors to customers in the mobility industry for testing and commercial usage in self-driving cars, advanced driver support systems, mapping, robotics, infrastructure, and smart city applications. The company merged with Ouster in February 2023. Velodyne's experience with laser distance measuring began in 2005, when David Hall and his brother Bruce (then Velodyne's president) submitted a vehicle in the DARPA Grand Challenge, a driverless car race sponsored by the Defence Advanced Research Projects Agency (DARPA). In March 2020,  NAVYA, a leading company in autonomous driving technologies, has signed a multi-year sales deal with Velodyne Lidar Inc. NAVYA intends to seek global expansion of its shuttle using Velodyne's cutting-edge sensors for precise real-time localisation and object identification.

Key Companies in the Automotive LiDAR Sensors market include

• Delphi Automotive (U K.)


• Continental AG (Germany)


• ZF Friedrichshafen (Germany)


• Infineon Technologies (Germany)


• Velodyne LiDAR (U.S.)


• Texas Instruments Incorporated (U.S.)


• First Sensor AG(Germany)


• Robert Bosch (Germany)


• Ibeo Automotive (Germany)


• Quanergy Systems (U.S.)


• Valeo S.A. (France)


• Denso (Japan)


• PulsedLight (U.S.)

Automotive LiDAR Sensors Industry Developments

January 2024: The Chinese lidar manufacturer Robosense is now supplying its laser-based sensors for numerous production vehicles including the new Lotus Emeya and Lucid Air. Now there are two additional sensor out of them; M3 for long range and cheaper M2.

Their current-generation automotive sensors, the M1 and M1+ by RoboSense, use these same lasers (905 nm) which are common among most early generation lidars. Both of these sensors have a range of up to 200m in contrast against a target with 10% light reflectivity. On the other hand, it is difficult to say how much better its performance will be, but according to the company sources, it should be an improvement over the old design.

The diodes needed for this have become relatively cheap and work well; however, lasers in this range can cause retinal damage if they enter the eye. This is why power levels are kept low on them. That power limitation also tends to limit the detection range of these sensors. Nevertheless, today, some manufacturers that specialize in such equipment have already reached a distance where objects can be detected with highway speeds for LDV: about 250-300 m.

Another main type uses 1550 nm lasers, which do not pose any real danger to your eyesight, but they are far more expensive than previous ones. However, since they are considered eye-safe, higher power levels can therefore be used, resulting in longer detection ranges being achieved. Other kinds of lidar based on them, like Luminar or Aeye, were able to detect objects beyond a distance of 400 m and reach as far as one kilometer away from themselves. Coming future models from Volvo or Mercedes-Benz will deploy Luminar units along with selected automated truck driving system developers.

In December 2021, Innoviz Technologies Ltd. announced the successful launch of the first B samples of the automotive-grade InnovizTwo LiDAR sensor. This next-generation technology will aid in offering an unrivalled mix of range, resolution, and field of view, with a 30x performance boost over InnovizOne LiDAR and a 70% cost savings.

Automotive LiDAR Sensors Market Segmentation:

Automotive LiDAR Sensors Market By Application Type Outlook

• Semi-Autonomous


• Vehicles


• Autonomous Vehicles

Automotive LiDAR Sensors Market By Image Type Outlook

• 2D Image


• 3D Image

Automotive LiDAR Sensors Market By Placement Outlook

• Headlight & Taillight


• Bumpers


• Roof


• Others

Automotive LiDAR Sensors Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America