LiDAR Automotive Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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LiDAR Automotive Market By Type (Electromechanical LiDAR Sensor, Solid State LiDAR Sensor) and Geography (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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Report

Description

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.

Key Developments:

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.

LiDAR Automotive Market

MARKET SUMMARY
-
21.3% CAGR
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 21.3%
  • Largest Market– North America

LiDAR Automotive Market

  • LiDAR Automotive Market report gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • LiDAR Automotive Market is segmented based on type and Geography.
Market Leaders
  • Leica Geosystems AG
  • Trimble Inc.
  • Topcon
  • SICK AG
  • Velodyne Lidar
  • FARO
LiDAR Automotive Market

Drivers and Restraints

With the automotive industry working hard to produce semi-autonomous and autonomous vehicles, LiDAR technology is expected to see a significant increase in demand in the future years. The use of LiDAR in self-driving vehicles will allow them to collect enough information about their surroundings to allow the onboard computer to take control of the vehicle from the driver. The rapid development of next-generation self-driving vehicles like robo-taxis and autonomous shuttles is likely to increase demand for these self-driving vehicles. The operation of these vehicles is heavily reliant on LiDAR sensors. As a result, the expansion of the automotive LiDAR market is likely to be fueled by advancements in semi-autonomous and autonomous vehicle technologies.


LiDAR Automotive Market Regional Analysis

north america dominates the market

North American market is expected to witness the highest market share during the forecast period. Administrative restrictions requiring automakers to install specific automotive safety devices or technologies in both heavy and light cars in the region are likely to drive the region's growth of the market. Furthermore, major developments affecting the future of the automotive LiDAR sector include the integration of LiDAR sensors in collision avoidance systems and dynamic remote sensing applications

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The LiDAR automotive market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The LiDAR automotive market report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The LiDAR automotive market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The LiDAR automotive market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The LiDAR automotive market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
LiDAR Automotive Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content

1. Executive Summary
2. Global LiDAR Automotive Market Introduction
2.1. Global LiDAR Automotive Market – Taxonomy
2.2. Global LiDAR Automotive Market –Definitions
2.2.1. Type
2.2.2. By Region
3. Global LiDAR Automotive Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global LiDAR Automotive Market Dynamic Factors – Impact Analysis
3.6. Global LiDAR Automotive Market – Competition Landscape
4. Global LiDAR Automotive Market Analysis, 2016 – 2020 and Forecast, 2021 – 2027
4.1. Market Analysis, 2016 – 2020 and Forecast, 2021 – 2027 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global LiDAR Automotive Market, By Type, 2016 – 2020 and Forecast, 2021 – 2027 (Revenue, USD Mn)
5.1. Electromechanical LiDAR Sensor
5.1.1. Market Analysis, 2016 – 2020 and Forecast, 2021 – 2027 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Solid State LiDAR Sensor
5.2.1. Market Analysis, 2016 – 2020 and Forecast, 2021 – 2027 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
6. Global LiDAR Automotive Market Forecast, By Region, 2016 – 2020 and Forecast, 2021 – 2027 (Revenue, USD Mn) 
6.1. North America
6.1.1. Market Analysis, 2016 – 2020 and Forecast, 2021 – 2027 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Europe
6.2.1. Market Analysis, 2016 – 2020 and Forecast, 2021 – 2027 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Asia-Pacific
6.3.1. Market Analysis, 2016 – 2020 and Forecast, 2021 – 2027 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Latin America
6.4.1. Market Analysis, 2016 – 2020 and Forecast, 2021 – 2027 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Middle East and Africa
6.5.1. Market Analysis, 2016 – 2020 and Forecast, 2021 – 2027 (Revenue, USD Mn)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
6.6. Global LiDAR Automotive Market – Opportunity Analysis Index, By Type, and Region, 2021 – 2027
7. North America LiDAR Automotive Market Analysis, 2016 – 2020 and Forecast, 2021 – 2027 (Revenue, USD Mn) 
7.1. Type of service Analysis 2016 – 2020 and Forecast 2021 – 2027 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
7.1.1. Electromechanical LiDAR Sensor
7.1.2. Solid State LiDAR Sensor
7.2. Country Analysis 2016 – 2020 and Forecast 2021 – 2027 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
7.2.1. USA
7.2.2. Canada
7.3. North America LiDAR Automotive Market – Opportunity Analysis Index, By Type, and Country, 2021 – 2027
7.4. North America LiDAR Automotive Market Dynamics – Trends
8. Europe LiDAR Automotive Market Analysis, 2016 – 2020 and Forecast, 2021 – 2027 (Revenue, USD Mn) 
8.1. Type of service Analysis 2016 – 2020 and Forecast 2021 – 2027 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.1.1. Electromechanical LiDAR Sensor
8.1.2. Solid State LiDAR Sensor
8.2. Country Analysis 2016 – 2020 and Forecast 2021 – 2027 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
8.2.1. Germany
8.2.2. UK
8.2.3. France
8.2.4. Spain
8.2.5. Italy
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Europe LiDAR Automotive Market – Opportunity Analysis Index, By Type and Country, 2021 – 2027
8.4. Europe LiDAR Automotive Market Dynamics – Trends
9. Asia-Pacific LiDAR Automotive Market Analysis, 2016 – 2020 and Forecast, 2021 – 2027 (Revenue, USD Mn) 
9.1. Type of service Analysis 2016 – 2020 and Forecast 2021 – 2027 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Electromechanical LiDAR Sensor
9.1.2. Solid State LiDAR Sensor
9.2. Country Analysis 2016 – 2020 and Forecast 2021 – 2027 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.2.1. China
9.2.2. India
9.2.3. Japan
9.2.4. ASEAN
9.2.5. Australia & New Zealand
9.2.6. Rest of Asia-Pacific
9.3. Asia-Pacific LiDAR Automotive Market – Opportunity Analysis Index, By Type, By Mode of Operation, By Application Type, By Power, By End-Use, and Country, 2021 – 2027
9.4. Asia-Pacific LiDAR Automotive Market Dynamics – Trends
10. Latin America LiDAR Automotive Market Analysis, 2016 – 2020 and Forecast, 2021 – 2027 (Revenue, USD Mn) 
10.1. Type of service Analysis 2016 – 2020 and Forecast 2021 – 2027 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Electromechanical LiDAR Sensor
10.1.2. Solid State LiDAR Sensor
10.2. Country Analysis 2016 – 2020 and Forecast 2021 – 2027 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Argentina
10.2.4. Rest of Latin America
10.3. Latin America LiDAR Automotive Market – Opportunity Analysis Index, By Type, and Country, 2021 – 2027
10.4. Latin America LiDAR Automotive Market Dynamics – Trends
11. Middle East and Africa LiDAR Automotive Market Analysis, 2016 – 2020 and Forecast, 2021 – 2027 (Revenue, USD Mn) 
11.1. Type of service Analysis 2016 – 2020 and Forecast 2021 – 2027 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Electromechanical LiDAR Sensor
11.1.2. Solid State LiDAR Sensor
11.2. Country Analysis 2016 – 2020 and Forecast 2021 – 2027 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.2.1. Gulf Cooperation Council (GCC) Countries
11.2.2. Israel
11.2.3. South Africa
11.2.4. Rest of MEA
11.3. MEA LiDAR Automotive Market – Opportunity Analysis Index, By Type, and Country, 2021 – 2027
11.4. MEA LiDAR Automotive Market Dynamics – Trends
12. Competition Landscape 
12.1. Strategic Dashboard of Top Market Players
12.2. Company Profiles (Introduction, Financial Analysis, Offerings, Key Developments, Strategies, and SWOT Analysis)
12.2.1. Leica Geosystems AG
12.2.2. Trimble Inc.
12.2.3. Topcon
12.2.4. SICK AG
12.2.5. Velodyne Lidar
12.2.6. FARO
12.2.7. BEA Group
12.2.8. Teledyne Optech
12.2.9. Valeo
12.2.10. Leosphere
12.2.11. Waymo
12.2.12. Faro Technologies
12.2.13. Hexagon AG
12.2.14. Innoviz Technologies
13. Research Methodology
14. Key Assumptions and Acronyms

Report

Company Profile

  • Leica Geosystems AG
  • Trimble Inc.
  • Topcon
  • SICK AG
  • Velodyne Lidar
  • FARO
  • BEA Group
  • Teledyne Optech
  • Valeo
  • Leosphere
  • Waymo
  • Faro Technologies
  • Hexagon AG
  • Innoviz Technologies

Description

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.

Key Developments:

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.

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