By Product (Terrestrial/Static, Aerial, Mobile, Short Range), By Vehicle Type (Hybrid Electric Vehicle, ICE, Plug-in hybrid Electric Vehicle, Battery Electric Vehicle), By Technology (Solid State Technology, Mechanical/Scanning LiDAR), By Component (Laser, Inertial Navigation System, Camera and GPS/GNSS Receiver, Micro Electro Mechanical System), By Application (Semi-Autonomous Vehicles, Autonomous Vehicles, Advanced Driver Assistance System), By Region (North America, South America, Europe, Middle East, Africa and Asia-Pacific), By Country (United States, Canada, Braz
The Global Automotive LiDAR market is currently in the evolving stage. The market growth is primarily driven by the increasing focus of the OEMs on Advanced Driver Assistance Systems (ADAS) and the autonomous cars.
With the advent of globalization and digitalization across the world, the LiDAR market is anticipated to grow at a significant rate. Also, due to a rising demand for intelligent transportation systems and connected cars, the LiDAR market is anticipated to positively grow at a healthy rate in the coming future.
Many companies are actively investing in the research and development of LiDARs. For instance, LeddarTech launched 2D and 3D high-resolution LiDAR solutions for autonomous vehicles in 2016. The sensors have the detection range of more than 300 m for vehicles.
According to the MarkNtel Advisors’ research report titled “Global Automotive LiDAR Market Analysis, 2020”, the Global Automotive LiDAR market is expected to grow at a CAGR of around 31% during 2020-25. The increasing traction towards Advanced Driver Assistance System (ADAS) is expected to boost the demand for automotive LiDAR across the globe. In addition, the government regulations imposed to enhance the vehicle security is anticipated to strongly contribute to the growth of the Global automotive LiDAR market in the forthcoming period.
China is currently the largest contributor of automotive LiDARs in Asia-Pacific due to a large-scale presence of raw material and OEMs. Also, growing R&D activities in autonomous vehicles and intelligent transport systems are emerging as the key factor boosting the LiDAR market in China. Germany remained at the forefront in European LiDAR market in 2019.
Solid-state automotive LiDAR dominated the global market in 2019 owing to its offerings of a higher resolution and reasonably priced solutions. Mechanical automotive LiDARs are fragile and expensive and can cause accidents during incorporation in vehicles.
LiDARs for Advanced Driver Assistance Systems is anticipated to lead the global market by accounting for the largest share during 2020-25, due to extensive research and development activities by manufacturers for deploying LiDARs in autonomous vehicles and connected cars.
According to the MarkNtel Advisors, the major leading players are Continental AG, Delphi Automotive, Innoviz Technologies, Velodyne, Valeo, Trilumina, Texas Instruments Incorporated, Quanergy System, Leddartech, and Luminar Technologies, Inc. among others.
Key Questions Answered in the Market Research Report
What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global Automotive LiDAR Market?
What are the region wise industry size, growth drivers and challenges key market trends?
What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges in the Global Automotive LiDAR Market?
Who are the key competitors or market players and how they perform in Global Automotive LiDAR Market on the basis of competitive benchmarking matrix?
What are the key results derived from the market surveys conducted during the course of Global Automotive LiDAR Market study?
Market Outlook, Segmentation and Statistics
Market Potential & Analysis
Market Segmentation & Analysis
Inertial Navigation System
Camera and GPS/GNSS Receiver
Micro Electro Mechanical System
Solid State Technology
Advanced Driver Assistance Systems
By Vehicle Type
Plug-in Hybrid Electric Vehicle
Battery Electric Vehicle
Hybrid Electric Vehicle
Middle East & Africa
Strategic Factorial Indexing
Competitor Placement in Markntel Quadrant
Global Automotive LiDAR Market Policies, Regulations, Product Standards
Global Automotive LiDAR Market Hotspot and Opportunities
Global Automotive LiDAR Market Key Strategic Imperatives for Success and Growth
Frequently Asked Questions
Q. What would be the growth rate or CAGR of Global Automotive LiDAR Market during 2020-25?
A. The market size of Global Automotive LiDAR Market during 2020-25 is forecast to be around 31%.
Q. Which region would grab the highest market share during 2020-25?
A. It is forecast that North America will dominate the market with majority market share, with market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating in Global Automotive LiDAR Market?
A. Continental AG, Delphi Automotive, Innoviz Technologies, Velodyne, Valeo, Trilumina, Texas Instruments Incorporated, Quanergy System, Leddartech, Luminar Technologies, Inc. are few of the leading players in the Global Automotive LiDAR Market.
Q. Does the report scope cover Global Automotive LiDAR application and region wise market statistics also?
A. Yes, the scope of the report encompass detailed Global Automotive LiDAR Application and region wise statistics such as market size, market segmentation based on various subcategories.
Q. Which technology segment would emerge as an opportunity area for players in Global Automotive LiDAR Market?
A. Solid-state automotive LiDAR segment continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Global Automotive LiDAR Market.
1.1. Product Definition
1.2. Research Process
1.4. Market Segmentation
2. Executive Summary
3. Expert Verbatim- What our Experts Say?
4. Global Automotive LiDAR Market Analysis, 2015-2025F
4.1. Market Potential & Analysis
4.1.1. Market Revenue
4.1.2. Units Sold
4.2. Market Segmentation & Analysis
4.2.1. By Product
188.8.131.52. Short Range
4.2.2. By Component
184.108.40.206. Inertial Navigation System
220.127.116.11. Camera and GPS/GNSS Receiver
18.104.22.168. Micro Electro Mechanical System
4.2.3. By Technology
22.214.171.124. Solid State Technology
126.96.36.199. Mechanical/Scanning LiDAR
4.2.4. By Application
188.8.131.52. Semi-Autonomous Vehicles
184.108.40.206. Autonomous Vehicles
220.127.116.11. Advanced Driver Assistance Systems
4.2.5. By Vehicle Type
18.104.22.168. Plug-in Hybrid Electric Vehicle
22.214.171.124. Battery Electric Vehicle
126.96.36.199. Hybrid Electric Vehicle
4.2.6. By Region
188.8.131.52. North America
184.108.40.206. South America
220.127.116.11. Rest of World
4.2.7. By Company
18.104.22.168. Revenue Shares
22.214.171.124. Strategic Factorial Indexing
126.96.36.199. Competitor Placement in MarkNtel Quadrant
5. North America Automotive LiDAR Market Analysis, 2015-2025F
5.1. Market Potential & Analysis
5.1.1. Market Revenue
5.1.2. Units Sold
5.2. Market Segmentation & Analysis
5.2.1. By Product
5.2.2. By Component
5.2.3. By Technology
5.2.4. By Application
5.2.5. By Vehicle Type
5.2.6. By Country
188.8.131.52. United States
5.3. United States Automotive LiDAR Market Analysis, 2015-2025F