LiDAR Automotive Market size is valued at USD 436.5 million in 2021 and is expected to reach a value of USD 1686.6 million by 2028, growing at a CAGR of 21.3% during the forecast period 2022 to 2028. The global market provides a detailed overview of the LiDAR automotive market and that can be segmented by type. By type, the LiDAR automotive market has been segmented into electromechanical LiDAR sensor and solid-state LiDAR Sensor. The electromechanical LiDAR sensor segment is likely to be the largest and fastest-growing segment in the market.
In Oct 2020, Waymo has announced that it will begin selling fully autonomous vehicles to the general public. For riders in the Phoenix metro region, it is launching a driverless ride-hailing service. Passengers will be able to download the app and hail a vehicle without having to wait for a driver.