Automotive LiDAR Market Share, Growth, Top Leading Players, Business Analysis and Future Strategies 2027: MarkNtel Advis

Market Insights

As per recent research by MarkNtel Advisors, The Global Automotive LiDAR Market is projected to witness 29% growth during the forecast period, i.e., 2022-27.

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Key Drivers: Rising Demand for Autonomous Vehicles Worldwide

The increasing inclination of automotive manufacturers toward manufacturing autonomous vehicles has accelerated the demand for automotive LiDAR sensors for enhancing safety requirements. The burgeoning advancements in autonomous vehicle technologies such as sensors, radars, and microprocessors, among others, have led to a surge in the adoption of autonomous vehicles, particularly from Level 1 to Level 3 as of now. Besides, the growing trend of Robo-taxis for seamless passenger transportation & automated delivery vehicles such as trucks, droids, etc., have opened new opportunities for LiDAR sensors to be equipped in these vehicles.

Moreover, to foster autonomous vehicle adoption, governments across the globe have introduced various policies, legislations, and initiatives that are expected to catalyze the demand for autonomous vehicles. In this regard, the European Union (EU) launched Horizon 2020, which aimed to provide research & innovation along with several funding programs to accelerate the incorporation of the autonomous vehicle. The program was stipulated for 2014-2020 with an estimated investment of USD88 billion & has stimulated the demand for LiDAR sensors in autonomous vehicles.

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Market Segmentation and Consumer Behavior:

By Technology

Mechanical
Solid-state

By Application

Autonomous
Semi-Autonomous

By Range

Short & Mid-Range (Up to 200 meters)
Long Range (Above 201 meters)

By Image Processing

By Location

Bumper and Grill
Headlight and Taillight
Roof and Upper Pillar
Others (Windscreen, Rear View Mirrors, etc.)

By Vehicle Type

Passenger Vehicles
- Internal Combustion Engine (ICE) Vehicle
- Electric Vehicle (EV)
Commercial Vehicles

By Demand Type

OEM
Replacement

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Automotive LiDAR Market Geographical Analysis:

By Region:

North America
South America
Europe
Middle East & Africa
Asia-Pacific

Key Players and Competitive Strategies in the Automotive LiDAR Market

Several prominent players dominate the Automotive LiDAR Market, including:

Delphi Automotive, PLC
Continental AG
ZF Friedrichshafen AG
Infineon Technologies AG
Velodyne LiDAR, Inc.
Texas Instruments, Inc.
Leddartech, Inc.
First Sensor AG
Quanergy Systems, Inc.
Innoviz Technologies, Ltd.
Luminar Technologies
Ouster, Inc.
Robert Bosch GmbH
Valeo
Benewake (Beijing) Co., Ltd.
Others

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Questions Addressed in this Study

1.What factors are driving the Automotive LiDAR Market growth?

2.How is the Automotive LiDAR Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Automotive LiDAR Market?

4.What is the current size of the Automotive LiDAR Market, and how is it projected to change in the future?

6.What is the future outlook for the Automotive LiDAR Market in terms of technological advancements and market expansion?

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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.