Global Automotive LiDAR Market Size By Technology Type (Mechanical LiDAR, Solid-State LiDAR) Application (Advanced Driver-Assistance Systems (ADAS), Autonomous Vehicles) Vehicle Type (Passenger Vehicles, Commercial Vehicles) and Region - Market Share, Trend Analysis, Competitive Intelligence, Historical Data, and Forecast 2023 - 2030

Market Perspective

Global Automotive LiDAR Market size was worth around USD 727.3 million in 2022 and is anticipated to grow to around USD 1819.2 million by 2030 at a CAGR of around 12.14% between 2023 and 2030.

LiDAR technology refers to the utilization of high-intensity lasers, MEMS scanners, and GPS to create precise 3D virtual representations of objects. It finds applications in various industries, including automotive, healthcare, and defense. In the automotive sector, LiDAR is crucial for navigating and controlling autonomous vehicles. The growth of the global automotive LiDAR market is driven by the increasing demand for automotive electronics like lane departure warning cameras, reverse parking cameras, and others, offering new growth opportunities for LiDAR companies. The rise in popularity of automotive electronics and the integration of LiDAR technology in various electronic components are expected to further propel the market expansion.

Key Insights

• Based on type, the mechanical LiDAR segment held the dominating position with the highest market value in 2022
• Based on application, the Advanced Driver-Assistance Systems (ADAS) segment is expected to generate the largest share over the forecast period
• Based on vehicle type, the passenger vehicles segment dominated the market share in 2022
• On the basis of region, North America accounted for the largest market share in 2022

Rising Adoption of LiDAR in UAVs Fueling the Market Growth

The rising adoption of LiDAR systems in Unmanned Aerial Vehicles (UAVs) presents significant opportunities for cost-effective surveying applications. LiDAR technology utilizes rapid laser pulses to map the earth's surface, and its integration into UAVs allows for efficient and accurate surveying compared to manual methods. The increased use of UAVs with airborne LiDAR systems has particularly benefited surveying and mapping applications. These unmanned vehicles equipped with LiDAR not only offer portability and versatility but also the ability to access terrains and environments that may be challenging or inaccessible for humans. Professionals are increasingly leveraging UAVs for low-altitude photography, landscape mapping, and surveying tasks. As a result, LiDAR has emerged as one of the most crucial methods in the commercial drone industry for capturing high-quality images in recent times.

High Costs of System Implementation Impede Market Growth

The cost of an automotive LiDAR system remains high, encompassing expensive components like sensors, advanced technology, and scanners. Additionally, the post-processing software, essential for tasks like point-cloud categorization, often requires costly third-party licenses. Consequently, the high expenses associated with these systems are limiting their adoption in nations outside developed markets like China and the United States. Although the increasing number of competitors in the market is expected to drive prices down in the future, the current cost of an automotive LiDAR system remains a significant impediment to its widespread adoption in the global market.

Recent Development

June 2023: MicroVision acquired Ibeo Automotive Systems. The acquisition aims to leverage Ibeo's expertise in LiDAR technology for autonomous driving, providing MicroVision access to a broader range of products and capabilities. With Ibeo's solid market presence and MicroVision's innovative LiDAR solutions, the merged entity seeks to capitalize on the growing demand for LiDAR technology in the automotive industry.

December 2022: Luminar, a leading LiDAR technology company, partnered with Plus, a self-driving truck technology developer, to collaborate on LiDAR and AI-based assisted driving solutions. The partnership aims to integrate Luminar's advanced LiDAR sensors with Plus's autonomous driving technology to enhance safety and efficiency in commercial trucking. By combining Luminar's cutting-edge LiDAR capabilities with Plus's AI-driven autonomous driving system, the companies seek to accelerate the development and deployment of self-driving trucks.

Segmentation Analysis

Based on technology type, the market is bifurcated into mechanical LiDAR and solid-state LiDAR. In 2022, mechanical LiDAR dominated the market due to its proven reliability, cost-effectiveness, and wide adoption across various industries. Its rotating mechanical design allowed for efficient scanning of the environment, providing accurate 3D mapping and perception capabilities. The technology's maturity and established track record made it a preferred choice for applications like advanced driver-assistance systems (ADAS), autonomous vehicles, and industrial automation. As a result, Mechanical LiDAR held a significant market share and continued to be the go-to option for many industries.  

Based on application, the market is segmented into advanced driver-assistance systems (ADAS) and autonomous vehicles. ADAS is the fastest-growing segment in the market due to the increasing demand for enhanced safety and convenience features in modern vehicles. ADAS technologies, such as adaptive cruise control, lane-keeping assist, and automatic emergency braking, use LiDAR sensors to provide real-time data and improve vehicle safety. The rising adoption of semi-autonomous driving features and the push towards full autonomy in the automotive industry are driving the rapid growth of the ADAS segment in the automotive LiDAR market.

Based on vehicle type, the market is divided into passenger vehicles and commercial vehicles. The passenger vehicles segment is expected to dominate the market during the forecast period due to the growing integration of LiDAR technology in modern passenger cars. The rising consumer demand for advanced driver-assistance systems (ADAS) and self-driving capabilities in passenger vehicles is driving the adoption of LiDAR sensors. Additionally, advancements in LiDAR technology have led to more compact and cost-effective solutions, making it feasible for widespread implementation in passenger vehicles. As a result, the passenger vehicles segment is poised to maintain its market dominance in the forthcoming years.

Technological Advancements and Growing Applications Drive North America's Dominance in the Market

North America is expected to dominate the automotive LiDAR market due to its technological advancement, with the U.S. and Canada leading the region. The increasing adoption of LiDAR in diverse applications like environment monitoring, meteorology, corridor mapping, and urban planning is driving regional market growth. The use of LiDAR in autonomous vehicles and advanced driver-assistance systems (ADAS) is projected to witness substantial growth during the forecast period, further fueling the market expansion. The presence of major market players such as Faro Technologies and Velodyne Lidar Inc. in North America contributes to the growth.

Expansion Initiatives Propel Europe Towards Becoming a Major Automotive LiDAR Market

Europe is anticipated to become the second-largest market for Automotive LiDAR, primarily driven by the expansion efforts of major corporations in emerging countries like the United Kingdom, France, Germany, and others. The growing demand for mechanical LiDAR in various industries, including manufacturing, automotive, and industrial sectors, is contributing to the market expansion. The presence of significant market players such as Hexagon AB, Leosphere, Sick AG, and others further boosts growth prospects. These developments are expected to lead to an increase in the size and bolster the growth of the LiDAR market in Europe.

Competitive Landscape

The global automotive LiDAR market is fragmented with key players such as First Sensor AG, MicroVision, Inc., Luminar Technologies Inc., LeddarTech Inc., Continental AG, Robert Bosch GmbH, Quanergy Systems, Inc., Velodyne LiDAR Inc., TETRAVUE, INC., XenomatiX - TRUE SOLID STATE LIDAR, amongst others. Companies employ a variety of strategic measures such as acquisitions, mergers, partnerships, product introductions, and collaborations to expand their business globally and enhance their competitive position.

The global Automotive LiDAR market is segmented as follows:

By Technology Type

• Mechanical LiDAR
• Solid-State LiDAR

By Application

• Advanced Driver-Assistance Systems (ADAS)
• Autonomous Vehicles

By Vehicle Type

• Passenger Vehicles
• Commercial Vehicles

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• Middle East & Africa
  • GCC
  • South Africa
  • North America
  • Rest of Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America