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

  • Revealed: future of mobility in Hamburg
    October 7, 2021
    From 11-15 October, the ITS World Congress will present a myriad of innovations
    Read More
  • European EV charging infrastructure market set to boom
    May 16, 2012
    Electric vehicles (EVs) have gained significant attention over the last few years from various European governments as they look to promote the deployment of EV charging infrastructure. According to new analysis from Frost & Sullivan, contained in 'Strategic Analysis of the European EV Charging Station Infrastructure' there are strong indicators that the EV market will grow from less than 10,000 public charging points in 2010 to close to two million public charging points by 2017. Some three per cent of thi
    Read More
  • Parifex gears up for multi-violation control
    October 12, 2020
    Road safety is obviously a priority for authorities around the world, and France is no exception. While the mortality on roads rate has been decreasing significantly this past decade, the figures are still a big concern. In fact, the improvement mainly concerns the extra-urban areas, but the number of accidents has increased in urban areas, with pedestrians and cyclists the most affected.
    Read More
  • European Truck Platooning Challenge winds up at Intertraffic
    March 2, 2016
    As holder of the EU Presidency in 2016, the Netherlands has organised the 2016 European Truck Platooning Challenge and it is no coincidence that it will involve Intertraffic Amsterdam. Truck platooning, where two or more trucks travel in convoy very close to each other, provides many benefits. The first truck does the driving while the ones following are connected by a wireless electronic communications system, like the carriages of a train.
    Read More

Highlighted Content