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

  • Learning from informal transit networks
    March 30, 2021
    When it comes to public transportation, the Minority World could take lessons in equity from the mobility infrastructure of emerging market cities, says Devin de Vries of WhereIsMyTransport
    Read More
  • Road safety - the challenge ahead
    April 25, 2012
    More than 1.3 million people die in road accidents each year. If nothing is done, this already chilling figure risks to rise to 1.9 million deaths per year. Around 90 per cent of road fatalities occur in emerging and developing countries. Here, the mixture of population growth and higher numbers of vehicles due to rising incomes are proving a deadly combination, as infrastructure and regulatory environment have difficulty keeping pace.
    Read More
  • ITS projects deliver return on investment
    December 3, 2012
    Light is being shed on where the real return on investment is today – growing, tangible, revenue-generating markets like ITS. There is a great deal of investment going on within the ITS space, and a great deal of external interest in investing in ITS,” says Scott Belcher, President and CEO of ITS America, which has been connecting investors with technology firms ripe for investment. Interested parties include the leading investment banking firm Raymond James. Its managing director, Gary Downing says: “ITS i
    Read More
  • TRW launches camera technology in the US
    April 15, 2013
    To support its growing video camera business worldwide, TRW Automotive Holdings has launched production of camera systems in the US and is investing in its electronics facility in Illinois. TRW's scalable video camera (S-Cam) family incorporates technology from Mobileye and can provide a range of safety functions including lane departure warning, forward collision warning, headlight control, traffic sign recognition and pedestrian detection. When integrated with vehicle chassis systems, the S-Cam can provid
    Read More

Highlighted Content