Popularity of semi-autonomous vehicles 'helping to drive the LiDAR sensor market'

Research published by MarketsandMarkets predicts that the LiDAR sensor automotive market is expected to grow from an estimated US$735 million in 2025 to a projected US$2,557 million by 2030, at a CAGR of 28.32 per cent during the forecast period.
June 9, 2017 Read time: 2 mins

Research published by MarketsandMarkets predicts that the LiDAR sensor automotive market is expected to grow from an estimated US$735 million in 2025 to a projected US$2,557 million by 2030, at a CAGR of 28.32 per cent during the forecast period.

The market, by volume, is expected to reach 31,686.1 thousand units by 2030 owing to the technological advantage of LiDAR over other available sensors in the automotive industry, such as radar and cameras. Factors such as the rising popularity of semi-autonomous vehicles, government regulations for vehicle safety and an increase in the adoption of ADAS technology by OEMs are driving the market.

The semi-autonomous segment is estimated to hold the largest market share of the LiDAR Sensor Automotive Market due to factors such as an increase in the demand for driving safety features, the development of cost effective LiDAR solutions, and increasing government regulations.

The 3D segment market is estimated to be the fastest growing market of the LiDAR sensor automotive market, by image type due to the technological advantages over 2D LiDAR and an expected increased use of autonomous vehicle technology in the automotive industry.
The accuracy and performance of 3D LiDAR in autonomous vehicles are claimed to be superior to conventional solutions such as radar and cameras.

The European market is projected to be the largest for LiDAR sensors as the testing of autonomous vehicles has begun in several countries in the region, such as Germany and France. The investment in research and development in the European automotive industry is the largest worldwide, with about 180 automobile facilities across the region. The European LiDAR sensor automotive market is led by Germany owing to the increased demand for technologically advanced features in the country.

Location Based Systems Classification & Data Collection

Related Content

  • In-vehicle safety standard released for consultation
    July 24, 2012
    The new ISO 26262 standard for safety-related vehicle systems is now available for comment. MIRA's David Ward talks to ITS International about what the standard will mean for vehicle and road safety in the future. The publication on 8 July this year of ISO 26262 as a Draft International Standard (DIS) marks an important progression for the automotive - and, in time, the cooperative infrastructure - industries. A couple of years from now, automotive OEMs will be able to subscribe to a unifying standard for s
    Read More
  • MaaS Market Conferences on both sides of the Atlantic in 2018
    December 20, 2017
    Momentum shift in prospect as authorities accelerate plans to rethink transport provision. TS International’s second, two-day international MaaS Market conference takes place on 20 and 21 February 2018. The Mobility as a Service (MaaS) event is ideal for all organisations exploring new ways of getting people to their destination and new methods for them to pay for transport services.
    Read More
  • WIM industry ponders certification challenge
    April 29, 2019
    It’s hard to pin down the world of Weigh in Motion. Adam Hill asks five of the sector’s leading players about current developments – and whether problems with certification will ever be solved
    Read More
  • Necessity is the mother of invention
    April 6, 2016
    The Netherlands aims to lead Europe, and the world, in the area of cooperative ITS and smart mobility. That’s not an aspiration – it’s a necessity as Frans op de Beek, principal advisor for traffic management and ITS within the Rijkswaterstaat, the Ministry for Infrastructure and the Environment, explains.
    Read More

Highlighted Content