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

  • Marben showcases V2X software for autonomous vehicles
    October 7, 2015
    Marben returns for its fourth participation at the ITS World Congress with an innovative demonstration of its full featured Marben V2X software solution for autonomous vehicles. In partnership with Navya, an innovative self-driving and electric vehicle supplier, and Autotalks, a leading supplier of automotive-grade V2X RF transceivers and communication processors, Marben will showcase how the communication of vehicles and traffic lights can significantly improve and secure driverless vehicles that operate o
    Read More
  • Europe’s public transport ITS market expected to exceed US$1.9 billion by 2017
    November 18, 2013
    According to new research from the analyst firm Berg Insight, the market value for public transport intelligent transport systems (ITS) in Europe was US$1.3 billion in 2012. Growing at a compound annual growth rate of nine per cent, the market is expected to reach US$1.9 billion by 2017. Berg Insight suggests that the European market for ITS for public transport is in a growth phase which will continue throughout the forecasted period. The fluctuating economic climate has in most countries had little eff
    Read More
  • V2X: The design challenges
    May 2, 2018
    The connected future throws up a number of enticing possibilities for us all. But, says Houman Zarrinkoub of MathWorks, issues around visualisation, prototyping and model evolution need to be examined carefully. We are all aware of the huge amount of investment going into driverless car technologies. With the likes of Volvo, Tesla and BMW getting in on the act, soon they will be a common sight on our roads. However, for this to occur, the vehicles must be able to connect with each other and ensure driver
    Read More
  • University of Michigan’s M City to test autonomous driving
    March 27, 2015
    The University of Michigan is creating the Mobility Transformation Center (MTC), in partnership with government and leading tech companies, as a means to test and develop the infrastructure and in-vehicle components to make autonomous vehicles a reality. M City, the nickname for the MTC, is a mock city that allows developers to test a fully autonomous driving experience in a real-world environment. With completion scheduled for July, the 32-acre facility on U of M’s North Campus will include buildings,
    Read More

Highlighted Content