Automotive LiDAR Market by Type (Passenger Cars, Commercial Vehicles), Ranging, Imaging (Mechanical, Solid-state), Application (ADAS, Robotic Cars, Collision Avoidance), Autonomy (Autonomous, Semi-autonomous), and Geography - Global Forecast to 2030

The Automotive LiDAR Market is projected to reach $5.11 billion by 2030, at a CAGR of 29.2% during the forecast period of 2024 to 2030.

The growth of this market is attributed to the declining prices of sensors, the rising demand for advanced driver assistance systems, and the increasing government regulations to ensure the quality and safety of vehicles. In addition, the rising demand for electric vehicles, the development of autonomous vehicles, the emergence of 4D LiDAR, and increasing investments by OEMs in LiDAR start-ups are expected to offer significant opportunities for the growth of this market.

However, the low adoption of LiDAR in economy-class vehicles hampers the growth of this market. In addition, the limitations of LiDAR, such as lack of visibility in bad weather conditions, are a major challenge to the growth of this market.

Development in Autonomous Vehicles

Advancements in LiDAR technology have led to innovations such as autonomous vehicles. Technological advancements have made autonomous vehicles a real-world possibility, with many automotive manufacturers heavily investing in developing such vehicles due to the increasing demand. Autonomous vehicles are completely driven by sensors and electronics, ensuring a complete driverless experience. LiDAR sensors are crucial in such vehicles as they are major components of essential systems such as blind-spot monitoring, lane-keep assistance, lane-departure warning, and collision warning to prevent accidents.

According to the World Health Organization, more than 90% of road traffic deaths occur due to human error, overspeeding, driving under the influence of alcohol or other psychoactive substances, and not using motorcycle helmets, seat belts, and child restraints, among many other reasons. To address these issues, many OEMs are integrating LiDAR sensors into autonomous vehicles, enabling them to detect objects and provide emergency braking assistance alongside many other features. For instance, in January 2022, German automotive giant Mercedes-Benz Group AG acquired a stake in LiDAR manufacturing company Luminar Technologies, Inc. (U.S.). The acquisition will enable Mercedes to produce vehicles with autonomous driving capabilities. Such developments are expected to offer growth opportunities for companies operating in this market.

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Key Findings in the Automotive LiDAR Market Study:

In 2024, the Passenger Cars Segment is Expected to Dominate the Automotive LiDAR Market

Based on vehicle type, the automotive LiDAR market is segmented into passenger cars, commercial vehicles, specialty automobiles, and heavy-duty vehicles. In 2024, the passenger cars segment is expected to account for the largest share and is projected to register the highest CAGR during the forecast period. This segment's large market share and rapid growth are attributed to the increased adoption of LiDAR sensors in passenger cars to prevent collisions.

In 2024, the Mechanical LiDAR Segment is Expected to Dominate the Automotive LiDAR Market

Based on imaging, the automotive LiDAR market is segmented into mechanical LiDAR and solid-state LiDAR. In 2024, the mechanical LiDAR segment is expected to account for the larger share of the market. A mechanical LiDAR can collect data over a wide area of up to 360 degrees to provide a detailed mapping of the environment, increasing its applications in mapping, surveying, and robotics. These benefits contribute to the large market share of this segment. However, the solid-state LiDAR segment is projected to register the highest CAGR during the forecast period.

In 2024, the Frequency-modulated Continuous Wave Segment is Expected to Dominate the Automotive LiDAR Market

Based on ranging method, the automotive LiDAR market is segmented into pulse, FMCW, and other ranging methods. In 2024, the FMCW segment is expected to account for the largest share of the automotive LiDAR market. This segment is also projected to register the highest CAGR during the forecast period. This segment’s large market share and rapid growth are attributed to the advantages of frequency-modulated continuous-wave (FMCW) LiDAR over other methods in providing high-resolution distance & velocity measurements under limited visibility conditions.

In 2024, the Advanced Driver Assistance System Segment is Expected to Dominate the Automotive LiDAR Market

Based on application, the automotive LiDAR market is segmented into ADAS, robotic cars, blind spot monitoring, collision avoidance, parking assistance, lane departure warning, adaptive cruise control, pedestrian detection, and other applications. In 2024, the ADAS segment is expected to account for the largest share of the automotive LiDAR market. This segment is also projected to register the highest CAGR during the forecast period. This segment’s large market share and rapid growth are attributed to the growing need for efficient systems that offer data accuracy across all weather and lighting conditions to prevent accidents and provide additional support to drivers in areas where detailed map information is unavailable.

In 2024, the Semi-Autonomous Segment is Expected to Dominate the Automotive LiDAR Market 

Based on autonomy, the automotive LiDAR market is segmented into autonomous, semi-autonomous, and manual-driven vehicles. In 2024, the semi-autonomous segment is expected to account for the largest share of the automotive LiDAR market. The large market share of this segment is attributed to rapid technological advancements due to rising collaborations between vehicle manufacturers and tech firms. However, the autonomous segment is projected to register the highest CAGR during the forecast period.

In 2024, North America is Expected to Dominate the Automotive LiDAR Market

Based on geography, the automotive LiDAR market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of the market. North America’s major market share is attributed to stringent government regulations in the region mandating the installation of specific automotive safety technologies in vehicles and the rising advancements in LiDAR technologies, increasing their applications in core 3D imaging and ranging. However, Asia-Pacific is projected to register the highest CAGR during the forecast period.

Key Players

The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by the leading market participants in the automotive LiDAR market between 2020 and 2024. The key players profiled in the automotive LiDAR market report are Ouster, Inc. (U.S.), Luminar Technologies, Inc. (U.S.), VALEO SERVICE (France), Quanergy Systems, Inc. (U.S.), LeddarTech Inc. (Canada), Texas Instruments Incorporated. (U.S.), Continental AG (Germany), Baraja Pty Ltd. (Australia), MicroVision, Inc. (U.S.), Aeva Inc. (U.S.), Waymo LLC (U.S.), Innoviz Technologies Ltd. (Israel), Cepton, Inc. (U.S.), Robert Bosch GmbH (Germany), and DENSO CORPORATION (Japan).

Scope of the Report:

Automotive LiDAR Market, by Vehicle Type

• Passenger Cars                                                    
• Commercial Vehicles
  • Commercial Trucks
    • Semi-trucks
    • Box Trucks
    • Pick-up Trucks
  • Commercial Vans
    • Cargo Vans
    • Passenger Vans
  • Buses
    • Passenger Buses
    • Motor coaches and RVs
• Specialty Automobiles
• Heavy-duty Vehicles
  • Agriculture Vehicles
  • Mining Vehicles
  • Construction Vehicles

Automotive LiDAR Market, by Imaging

• Mechanical LiDAR
• Solid-state LiDAR 
  • Microelectromechanical Systems (MEMS)
  • Optical-phased Array (OPA)
  • Flash
  • Other Solid-state LiDAR                              

Automotive LiDAR Market, by Ranging Method

• Pulse                                                      
• Frequency-modulated Continuous Wave (FMCW)
• Other Ranging Methods

Automotive LiDAR Market, by Application

• ADAS                                     
• Robotic Cars
• Blind Spot Monitoring
• Collision Avoidance
• Parking Assistance
• Lane Departure Warning
• Adaptive Cruise Control
• Pedestrian Detection
• Other Applications

Automotive LiDAR Market, by Autonomy

• Autonomous
• Semi-autonomous
• Manual-driven Vehicles

Automotive LiDAR Market, by Geography

• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia & New Zealand
  • Rest of Asia-Pacific
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Switzerland
  • Netherlands
  • Sweden
  • Rest of Europe
• North America
  • U.S.
  • Canada
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • UAE
  • Israel
  • Saudi Arabia
  • Rest of Middle East & Africa

Key questions answered in the report: