The global Automotive Light Detection and Ranging (LiDAR) Market size was estimated at USD 504.2 million in 2024 and is projected to reach USD 939.0 million in 2031 at a CAGR of 9.29 % during the forecast period 2025-2031.
The automotive light detection and ranging (LiDAR) market involves the use of LiDAR technology in the automotive industry to enable advanced driver-assistance systems (ADAS) and autonomous vehicles. LiDAR uses laser beams to scan the environment and create detailed 3D maps, helping vehicles detect obstacles, pedestrians, and other road conditions with high precision. This technology plays a crucial role in enabling self-driving cars to navigate safely and efficiently by providing real-time data about the surrounding environment. As the demand for autonomous driving increases, the automotive LiDAR market has become a key area of innovation and investment within the automotive sector.
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The scope of the automotive LiDAR market is expanding due to advancements in autonomous vehicle technologies, the growing focus on safety, and the demand for enhanced vehicle performance. LiDAR systems are essential for enabling fully autonomous vehicles to operate in various environments and weather conditions, offering a high level of accuracy compared to other sensors like cameras and radar.
Recent Developments
· In July 2024, Koito Manufacturing Co., Ltd., a Japanese automotive lighting manufacturer, finalized an agreement to acquire Cepton, Inc., a U.S.-based provider of LiDAR solutions. This acquisition is expected to strengthen Koito's position in the automotive sensing market, with plans to integrate Cepton's technology and expertise to enhance its capabilities in various key areas.
· In June 2023, Innoviz Technologies Ltd partnered with LOXO to deploy InnovizOne LiDAR units on LOXO delivery vehicles through 2024. LOXO will utilize Innoviz's automotive-grade LiDAR in its zero-emission autonomous delivery vehicles, offering retailers enhanced capabilities for more efficient and eco-friendly transportation of goods. This collaboration is designed to meet the growing demand in the autonomous last-mile delivery market, projected to reach USD 5.9 billion by 2030.
Prominent Players
· Continental AG
· Denso Corporation
· Innoviz Technologies
· LeddarTech Inc.
· KUBOTA Corporation
· Quanergy Solutions, Inc.
· Robert Bosch GmbH
· Teledyne Geospatial
· Valeo
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North America to Dominate the Market
· North America holds a significant share of the automotive LiDAR market, contributing to approximately 34.9% of the global market. The region is marked by substantial investments in autonomous vehicle technology, a strong presence of major LiDAR manufacturers, and a growing focus on developing solid-state LiDAR solutions. There is an increasing trend of integrating LiDAR with other sensing technologies, supported by strategic partnerships between automotive OEMs, tech giants, and LiDAR startups.
· The U.S. market is particularly notable for its leadership in LiDAR technology development and adoption. It benefits from significant investments from both established automakers and technology companies focused on autonomous driving research. A key trend is the emphasis on reducing the cost of LiDAR systems while enhancing their performance and reliability.
The Automotive Light Detection and Ranging (LiDAR) Market Segmentation:
Based on Technology
· Mechanical LiDAR
· Solid-state LiDAR
Based on Application
· ADAS
· Automatic Emergency Braking (AEB)
· Adaptive Cruise Control (ACC)
· Autonomous Cars
Based on Propulsion Type
· Internal Combustion Engine (ICE) Vehicle
· Electric & Hybrid Vehicles
Based on Vehicle Type
· Passenger Cars
· Commercial Vehicles
Based on region:
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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