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

  • Truck platooning trials take to the highways
    July 24, 2017
    There is rising enthusiasm in America and beyond for the concept of truck platooning with trials being planned in several US states, as David Crawford reports. Growing numbers of US states are considering or implementing plans for trials of electronically-linked truck platooning on public road networks. This is in response to the interest being shown by the US$70bn a year road freight industry, where fuel represents 41% of the operating costs making the prospect of improving fuel economy by trucks travellin
    Read More
  • Unnamed OEM to use Innoviz Lidars for Level 4 platform
    June 28, 2024
    New short-range product is based on InnovizTwo Long-Range architecture
    Read More
  • Survey finds varied autonomy and safety technology preferences for new vehicles
    August 4, 2017
    New research on consumer preferences for full autonomy in new vehicles finds the technology is not yet popular among a broad audience, according to analysts at IHS Markit. Ironically, the same audience ranked it among the very features they would be willing to pay the most for in their next new vehicle purchase. Blind spot detection ranked highest as the most desired features among all audiences, young and old, and propensity to pay for it varied by region, with the US respondents reporting they would be wi
    Read More
  • Watch your step: the sidewalk robots are here
    March 14, 2023
    The way we order and pay for goods has changed radically – but what about how those goods are delivered? Gordon Feller looks at how sidewalk robots might reshape the urban landscape
    Read More

Highlighted Content