Automotive LiDAR Sensors Market by Technology, Image Type, Component, Installation, Application, End-Use, Distribution Channel

Description

List of Tables

[190 Pages Report] The Automotive LiDAR Sensors Market size was estimated at USD 5.03 billion in 2023 and expected to reach USD 5.48 billion in 2024, at a CAGR 8.98% to reach USD 9.19 billion by 2030.

Automotive light detection and ranging (LiDAR) sensors are advanced sensor technologies used in vehicles for mapping and navigation purposes. By emitting laser beams to measure distances to objects, these sensors enable various autonomous and semi-autonomous driving features, including adaptive cruise control, collision avoidance, and parking assistance. The growing demand for autonomous vehicles globally, stringent safety regulations imposed by governments to reduce traffic accidents, and the increasing adoption of advanced driver-assistance systems (ADAS) in modern cars drive the demand for the automotive LiDAR sensors market. However, the high production costs associated with LiDAR sensors can increase the overall cost of vehicles, potentially hindering consumer adoption. Additionally, technological limitations in adverse weather conditions and the need for extensive data processing capabilities pose significant obstacles. Opportunities abound in the association of technological advancements and expanding application areas. Developing solid-state LiDAR sensors offers a cheaper, more compact solution, potentially overcoming cost-related challenges. Furthermore, integrating AI and machine learning with LiDAR data can enhance object detection and decision-making processes in autonomous driving systems. As urban mobility continues to evolve, the demand for innovative LiDAR-based solutions in vehicle-to-everything (V2X) communication and smart city applications presents significant growth opportunities for market expansion.

KEY MARKET STATISTICS
Base Year [2023]	USD 5.03 billion
Estimated Year [2024]	USD 5.48 billion
Forecast Year [2030]	USD 9.19 billion
CAGR (%)	8.98%

Regional Insights

In the Americas, the demand for automotive LiDAR sensors is primarily driven by the burgeoning autonomous vehicle industry and advanced driver-assistance systems (ADAS). The Americas region is a hub for technological innovation, especially with major companies and OEMs increasingly integrating LiDAR in their future models to enhance safety and automation. Recent investments in research and the development of regulations guiding the use of autonomous vehicles highlight an environment conducive to growth. Notable initiatives include collaborations between tech giants and automotive leaders to refine and advance sensor technologies. The Asia-Pacific region is increasingly growing in the automotive LiDAR sensor market, owing to its massive automotive manufacturing base and shift towards electric and autonomous vehicles. The government's support for new-age technologies via subsidies and investments in AI and IoT drives the integration of LiDAR in vehicles. Europe is a significant market for automotive LiDAR sensors, driven by a push towards autonomous technology under stringent environmental and safety regulations. The EU's commitment to reduce road fatalities has led to advancements in ADAS applications, fueling the demand for sophisticated LiDAR systems. Recent patents in this region focus on enhancing LiDAR data processing and integration with other vehicle systems. The automotive market in the Middle East shows a growing interest in luxury vehicles equipped with the latest technology, including ADAS features that utilize LiDAR sensors. While the market is still developing, luxury vehicle sales with advanced technology features denote a significant area of potential LiDAR integration. Africa's automotive market is emerging in adopting LiDAR technology, primarily due to economic constraints and infrastructure issues. However, there's potential in areas with better economic growth, where modern safety and vehicle features might begin gaining traction.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Automotive LiDAR Sensors Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Significant government safety regulations imposed to reduce traffic accidents
- Growing demand for autonomous vehicles across the globe
- Emerging adoption of advanced driver-assistance systems (ADAS) in modern cars

Market Restraints
- High production costs associated with LiDAR sensors

Market Opportunities
- Enhancements in LiDAR technology and production scalability
- Collaborations between automakers and LiDAR technology providers

Market Challenges
- Technological limitations in adverse weather conditions and the need for extensive data processing capabilities

Market Segmentation Analysis
- Technology: Significant emphasis on using mechanical or scanning LiDAR systems owing to its higher resolution
- End-Use: Proliferating utilization of the LiDAR sensors in the autonomous vehicles

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Automotive LiDAR Sensors Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Automotive LiDAR Sensors Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Stellantis Ventures Invests in Innovative LiDAR Technology by SteerLight for Advanced Automotive Applications

Stellantis Ventures, the investment arm of Stellantis N.V., funded SteerLight, an emerging provider of LiDAR technology. Utilizing sophisticated silicon photonics, SteerLight's technology merges the robustness of semiconductor materials with the swiftness of light, delivering LiDAR systems that are more precise, high-resolution, and cost-effective in mass production. This investment focuses on enhancing automated driving capabilities across its vehicle brands through advanced driver assistance systems (ADAS). [Published On: 2024-03-20]

Seyond Partners with NVIDIA to Enhance Autonomous Vehicle Development with Advanced LiDAR Integration

Seyond partnered with NVIDIA to enhance autonomous vehicle development by integrating its exact LiDAR sensors into NVIDIA's automotive platforms, NVIDIA DriveWorks, and NVIDIA Omniverse. The integration aims to streamline autonomous vehicles' design, development, and testing by facilitating rapid, accurate processing of LiDAR-generated point cloud data. This strategic alliance is expected to significantly advance autonomous driving technologies' safety, efficiency, and functionality, promoting broader adoption and scalability across the automotive industry. [Published On: 2024-03-18]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Automotive LiDAR Sensors Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Automotive LiDAR Sensors Market, highlighting leading vendors and their innovative profiles. These include AEye, Inc., Aptiv PLC, Autoliv Inc., DENSO Corporation, Faurecia SE, Hesai Group, Infineon Technologies AG, Innoviz Technologies Ltd., LeddarTech Holdings Inc., Leishen Intelligent System Co., Ltd., Luminar Technologies, Inc., Magna International, MicroVision, Inc., Neptec Technologies Corp., Pioneer Corporation, Quanergy Solutions, Inc., Robert Bosch GmbH, RoboSense Technology Co., Ltd., Schaeffler Group, Sick AG, Teledyne Technologies Incorporated, TetraVue, Inc., Texas Instruments Incorporated, Velodyne Lidar, Inc., and ZF Friedrichshafen AG.

Market Segmentation & Coverage

This research report categorizes the Automotive LiDAR Sensors Market to forecast the revenues and analyze trends in each of the following sub-markets:

Technology
- Frequency Modulated Continuous Wave (FMCW) LiDAR
- Mechanical or Scanning LiDAR
- Optoelectronics
- Silicon Photonics
- Solid-State LiDAR

Image Type
- 2D Image Type
- 3D Image Type

Component
- Global Positioning System/Inertial Navigation System
- Receivers
- Transmitters

Installation
- Headlights & Taillights
- Roof & Upper Pillars

Application
- Adaptive Cruise Control
- Collision Avoidance
- Parking Assistance
- Traffic Management

End-Use
- Autonomous Vehicles
- Semi-Autonomous Vehicles

Distribution Channel
- Aftermarket
- Original Equipment Manufacturers

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-4358BACA8625

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Significant government safety regulations imposed to reduce traffic accidents
  - 5.1.1.2. Growing demand for autonomous vehicles across the globe
  - 5.1.1.3. Emerging adoption of advanced driver-assistance systems (ADAS) in modern cars
- 5.1.2. Restraints
  - 5.1.2.1. High production costs associated with LiDAR sensors
- 5.1.3. Opportunities
  - 5.1.3.1. Enhancements in LiDAR technology and production scalability
  - 5.1.3.2. Collaborations between automakers and LiDAR technology providers
- 5.1.4. Challenges
  - 5.1.4.1. Technological limitations in adverse weather conditions and the need for extensive data processing capabilities
5.2. Market Segmentation Analysis
- 5.2.1. Technology: Significant emphasis on using mechanical or scanning LiDAR systems owing to its higher resolution
- 5.2.2. End-Use: Proliferating utilization of the LiDAR sensors in the autonomous vehicles
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Automotive LiDAR Sensors Market, by Technology

6.1. Introduction
6.2. Frequency Modulated Continuous Wave (FMCW) LiDAR
6.3. Mechanical or Scanning LiDAR
6.4. Optoelectronics
6.5. Silicon Photonics
6.6. Solid-State LiDAR

7. Automotive LiDAR Sensors Market, by Image Type

7.1. Introduction
7.2. 2D Image Type
7.3. 3D Image Type

8. Automotive LiDAR Sensors Market, by Component

8.1. Introduction
8.2. Global Positioning System/Inertial Navigation System
8.3. Receivers
8.4. Transmitters

9. Automotive LiDAR Sensors Market, by Installation

9.1. Introduction
9.2. Headlights & Taillights
9.3. Roof & Upper Pillars

10. Automotive LiDAR Sensors Market, by Application

10.1. Introduction
10.2. Adaptive Cruise Control
10.3. Collision Avoidance
10.4. Parking Assistance
10.5. Traffic Management

11. Automotive LiDAR Sensors Market, by End-Use

11.1. Introduction
11.2. Autonomous Vehicles
11.3. Semi-Autonomous Vehicles

12. Automotive LiDAR Sensors Market, by Distribution Channel

12.1. Introduction
12.2. Aftermarket
12.3. Original Equipment Manufacturers

13. Americas Automotive LiDAR Sensors Market

13.1. Introduction
13.2. Argentina
13.3. Brazil
13.4. Canada
13.5. Mexico
13.6. United States

14. Asia-Pacific Automotive LiDAR Sensors Market

14.1. Introduction
14.2. Australia
14.3. China
14.4. India
14.5. Indonesia
14.6. Japan
14.7. Malaysia
14.8. Philippines
14.9. Singapore
14.10. South Korea
14.11. Taiwan
14.12. Thailand
14.13. Vietnam

15. Europe, Middle East & Africa Automotive LiDAR Sensors Market

15.1. Introduction
15.2. Denmark
15.3. Egypt
15.4. Finland
15.5. France
15.6. Germany
15.7. Israel
15.8. Italy
15.9. Netherlands
15.10. Nigeria
15.11. Norway
15.12. Poland
15.13. Qatar
15.14. Russia
15.15. Saudi Arabia
15.16. South Africa
15.17. Spain
15.18. Sweden
15.19. Switzerland
15.20. Turkey
15.21. United Arab Emirates
15.22. United Kingdom

16. Competitive Landscape

16.1. Market Share Analysis, 2023
16.2. FPNV Positioning Matrix, 2023
16.3. Competitive Scenario Analysis
- 16.3.1. Stellantis Ventures Invests in Innovative LiDAR Technology by SteerLight for Advanced Automotive Applications
- 16.3.2. Seyond Partners with NVIDIA to Enhance Autonomous Vehicle Development with Advanced LiDAR Integration
16.4. Strategy Analysis & Recommendation

17. Competitive Portfolio

17.1. Key Company Profiles
17.2. Key Product Portfolio