The Automotive LiDAR Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Automotive LiDAR Market?
The size of the Automotive LiDAR market has expanded dramatically in recent times. The market will increase from $0.81 billion in 2024 to $1.08 billion in 2025, with a compound annual growth rate (CAGR) of 34.1%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Automotive LiDAR Industry?
The automotive LiDAR market is projected to grow to $3.35 billion by 2029, with a compound annual growth rate (CAGR) of 32.6%.
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What are the Key Growth Drivers Fueling the Automotive LiDAR Market?
The key drivers in the automotive lidar market are:
• Rise in development of autonomous vehicles
• Heightened market competition and investment in automotive LiDAR technology
• Increased consumer awareness and demand for this technology
• Expansion of electric and connected vehicle industry as well as infrastructure development for smart cities.
Global Market Segmentation: Identifying Major Automotive LiDAR Industry Segments
The automotive LiDAR market covered in this report is segmented –
1) By Product: Aerial, Mobile, Terrestrial Or Static, Short-Range
2) By Technology: Solid-State LiDAR, Mechanical Or Scanning LiDAR
3) By Vehicle Type: IC Engine Vehicles, Hybrid Electric Vehicles (HEVS), Plug-In Hybrid Electric Vehicles (PHEVS), Battery Electric Vehicles (BEVS)
4) By Components: Laser, GPS Or GNSS Receiver, Camera, Inertial Navigation System, Micro Electro Mechanical System
5) By Application: Semi-Autonomous, Autonomous
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What are the Emerging Trends Shaping the Future of the Automotive LiDAR Market?
The key trends in the automotive lidar market are:
• The automotive LiDAR market is seeing a trend towards advancements in solid-state lidar technologies.
• Integration of LiDAR in ADAS and autonomous vehicles is emerging as a significant trend.
• There is a growing trend towards multi-sensor fusion in the automotive LiDAR market.
• Mass production and cost reduction is an emerging trend, as is enhancing the perception capabilities of these systems.
Who Are the Top Competitors & Leading Players in the Automotive LiDAR Market?
Major companies in the automotive lidar market are:
• Continental AG
• Ibeo Automotive Systems GmbH
• Innoviz Technologies Ltd.
• LeddarTech Inc.
• Luminar Technologies Inc.
• Ouster Inc.
• Robert Bosch GmbH
• Velodyne Lidar Inc.
• Denso Corporation
• Leica Geosystems AG
• Mira Solutions Inc.
• Argo AI LLC
• ZF Friedrichshafen AG
• Quanergy Systems Inc.
• AEye Inc.
• Blackmore Sensors and Analytics Inc.
• Cepton Technologies Inc.
• Hesai Technology Co. Ltd.
• Suteng Innovation Technology Co. Ltd.
• Blickfeld GmbH
• Innovusion Inc.
• Aeva Technologies Inc.
• Baraja Pty Ltd
• XenomatiX NV
• Benewake Co. Ltd.
• Phantom Intelligence Inc.
• HoloMatic Technologies Co. Ltd.
• LeiShen Intelligent Systems Co. Ltd.
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the automotive LiDAR market share in 2024
