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Automotive Lidar Market Valuation of Us$ 3 Billion by 2031
20 days ago
3 min read

Automotive Lidar Market Valuation of Us$ 3 Billion by 2031

The global automotive LiDAR market was worth US$ 430 million in 2020, and is anticipated to surge to a market valuation of US$ 3 billion by the end of 2031.

This huge jump is because demand for automotive light detection and ranging (LiDAR) is projected to increase at a stellar CAGR of 19.5% over the next ten years.

There are several types of LiDAR systems used in the automotive industry, including mechanical LiDAR, solid-state LiDAR, and hybrid LiDAR. Each type has its own advantages and disadvantages, and the choice of LiDAR system often depends on the specific needs of the vehicle and its intended use. Despite its many benefits, LiDAR technology is still relatively new and faces several challenges in its integration into self-driving cars. For example, LiDAR systems can be expensive and bulky, and their range is limited. Additionally, there are still questions around the reliability and safety of LiDAR systems, and more research is needed to address these concerns. Nevertheless, LiDAR is expected to play a critical role in the development of autonomous vehicles and is likely to become increasingly prevalent in the coming years.

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Key Companies Profiled

  • Delphi Automotive PLC

  • NXP Semiconductors

  • TetraVue

  • XenomatiX N.V.

  • Luminar Technologies Inc.

  • LeddarTech Inc.

  • Continental AG

  • Robert Bosch GmbH

  • Quanergy Systems Inc.

  • Velodyne LIDAR Inc.

  • Valeo SA

  • HELLA GmbH & Co. KGaA

  • First Sensor AG

  • Ibeo Automotive Systems GmbH

  • DENSO Corporation

  • Innoviz Technologies Ltd.                             

Automotive LiDAR Market  Insights Segmentation

  • Automotive LiDAR Market by Technology :

    • Solid-state LiDAR

    • Mechanical/Scanning LiDAR

  • Automotive LiDAR Market by Location :

    • Roofs & Upper Pillars

    • Headlights & Taillights

    • Bumpers & Grills

  • Automotive LiDAR Market by Image Projection :

    • 2D Automotive LiDAR

    • 3D Automotive LiDAR

  • Automotive LiDAR Market by Range Type :

    • Short & Mid-range Automotive LiDAR

    • Long range Automotive LiDAR

  • Automotive LiDAR Market by Vehicle Type :

    • IC Engine Vehicles

    • Hybrid Electric Vehicles (HEVs)

    • Plug-in Hybrid Electric Vehicles (PHEVs)

    • Battery Electric Vehicles (BEVs)

  • Automotive LiDAR Market by Application :

    • Semi-autonomous

    • Autonomous

  • Automotive LiDAR Market by Region :

    • North America Automotive LiDAR Market

    • Latin America Automotive LiDAR Market

    • Europe Automotive LiDAR Market

    • East Asia Automotive LiDAR Market

    • South Asia & Oceania Automotive LiDAR Market

    • MEA Automotive LiDAR Market

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Essential Takeaways from the Automotive LiDAR Market  Insights Report

  • Comparison of prominent players operating in the Automotive LiDAR Market  Insights.

  • Recent developments and key strategies adopted by Automotive LiDAR Market players.

  • Study of the micro and macro-economic growth indicators.

  • Impact of the various factors on the value chain of the Automotive LiDAR Market  Insights.

  • Growth opportunities for emerging market players in various regional markets.

  • Current trends influencing the scenario of the Automotive LiDAR Market  Insights.

Important queries related to the Automotive LiDAR Market  Insights addressed in the report:

  1. Who are the most prominent players in the Automotive LiDAR Market Insights?

  2. What are the factors that are likely to hinder the growth of the Automotive LiDAR Market Insights during the forecast period ?

  3. Why is the concentration of tier-1 companies high in specific region?

  4. How are the soaring prices of raw materials impacting the demand for Automotive LiDAR Market ?

  5. Why are Automotive LiDAR Market players eyeing opportunities in particular region?

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