LiDAR for Automotive and Industrial Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 6.0 Billion by 2030, growing at a CAGR of 18.5% from 2024 to 2030.
Between 2018 and 2022, the LiDAR for automotive and industrial markets experienced significant growth, driven by advancements in autonomous vehicle technologies and increased demand for high-precision mapping in industrial applications. Personally, I’ve observed the integration of LiDAR in various sectors, enhancing operational efficiency and safety.
According to market analyses, the global automotive LiDAR market was valued at approximately USD 504.2 million in 2023, with projections indicating a growth to USD 942.1 million by 2030, reflecting a compound annual growth rate (CAGR) of 9.4%. This surge is attributed to the rising adoption of Advanced Driver Assistance Systems (ADAS) and the progression towards higher levels of vehicle autonomy.
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In the industrial sector, LiDAR has been instrumental in applications such as robotics, UAVs, and manufacturing automation. The precision and reliability of LiDAR technology have facilitated advancements in these areas, leading to improved productivity and safety standards.
Looking ahead from 2023 to 2033, the demand for LiDAR in both automotive and industrial markets is expected to accelerate. Innovations such as solid-state LiDAR are anticipated to offer more compact and cost-effective solutions, making the technology more accessible for widespread adoption. Additionally, the integration of LiDAR with other sensing technologies, like cameras and radar, is projected to enhance the overall performance of autonomous systems.
Industry forecasts suggest that the global automotive LiDAR market could reach USD 8.61 billion by 2030, growing at a CAGR of 40.9% from 2022. This growth is likely to be driven by the increasing deployment of autonomous vehicles and the continuous development of ADAS features.
In my experience, the collaboration between automotive manufacturers and LiDAR technology providers has been pivotal in advancing the capabilities of autonomous driving systems. The focus on improving LiDAR performance, reducing costs, and addressing challenges such as data processing and environmental adaptability will be crucial in shaping the future landscape of the LiDAR market.
Get an In-Depth Research Analysis of the Global LiDAR for Automotive and Industrial Market Size And Forecast [2025-2032]
Who are the largest Global manufacturers in the LiDAR for Automotive and Industrial industry?
- Valeo
- Robosense
- Luminar
- Livox
- Quanergy
- Waymo
- Ouster
- LeddarTech
- Continental
- Cepton
- Innoviz
- Ibeo
- Innovusion
- Huwei
- Hesai
- Velodyne
- Denso
- LeiShen Intelligent System
- SureStar
- Benewake
- Encradar
- FaseLase
- Aeva
- Beijing Wanji Technology
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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What are the factors driving the growth of the Global LiDAR for Automotive and Industrial Market?
Growing demand for below applications around the world has had a direct impact on the growth of the Global LiDAR for Automotive and Industrial Market
- Commercial Vehicle
- Passenger Vehicle
- Rail Transit
- Others
What are the types of LiDAR for Automotive and Industrial available in the Market?
Based on Types the Market is categorized into Below types that held the largest LiDAR for Automotive and Industrial market share In 2023.
- 905 nm
- 1550 nm
- 1064 nm
- 885 mn
- Others
Which regions are leading the Global LiDAR for Automotive and Industrial Market?
- Global (United States, Global and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia, etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Detailed TOC of Global LiDAR for Automotive and Industrial Market Research Report, 2024-2032
1. Introduction of the Global LiDAR for Automotive and Industrial Market
- Overview of the Market
- Scope of Report
- Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
4. Global LiDAR for Automotive and Industrial Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
5. Global LiDAR for Automotive and Industrial Market, By Type
6. Global LiDAR for Automotive and Industrial Market, By Application
7. Global LiDAR for Automotive and Industrial Market, By Geography
- Global
- Europe
- Asia Pacific
- Rest of the World
8. Global LiDAR for Automotive and Industrial Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
9. Company Profiles
10. Appendix
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