Automotive LiDAR Market Size, Share, and COVID-19 Impact Analysis, By Technology (Solid-State LiDAR and Mechanical LiDAR), By Measurement (FMCW and ToF), By Autonomy (Semi-Autonomous and Autonomous), By Propulsion (ICE and Electric & Hybrid) and By Range (Short & Mid-Range (170m and above) and Long Range (above 170m)), and Regional Forecast, 2024-2032

LiDAR sensors are found in automotive features such as Advanced Driver Assistance Systems (ADAS), lane-departure warning systems, collision warning systems, lane-keep assistance systems, collision warning, and blind-spot monitoring systems. Premium car manufacturers incorporate these features to maintain their ranks in the market. This healthy competition among automobile manufacturers increases the demand for LiDAR sensors. Rising road safety concerns among the populace are likely to influence the adoption of LiDAR sensors in new-generation automobiles for comfortable and safe operations.

Using LiDAR for automotive applications such as ADAS or autonomous vehicles is expensive compared to traditional systems such as cameras & RADAR. The overall cost of a LiDAR system, including high-end scanners, sensors, hardware, and post-processing software, such as point-cloud classification software, is significantly high. Hence, developed countries like China and the U.S. can only afford to adopt LiDAR in automotive. The price of LiDAR systems might drop in the coming years as many players enter the market. Therefore, the current high cost of automotive LiDAR systems is anticipated to hamper the automotive LiDAR market growth.

Impact of COVID-19 on the Global Automotive LiDAR

The COVID-19 pandemic had a negative impact on the global automotive LiDAR. During the rise of the pandemic, the government imposed restrictions in various nations to contain the virus affecting the automotive industry. Also, disturbances in the supply chain developed a major interference with manufacturability. Therefore, the reduced production of automobiles due to the temporary shutdown of manufacturing plants had an adverse impact on the demand for LiDAR sensors in the automotive sector. Thus affecting the LiDAR market. Moreover, the COVID-19-induced semiconductor chip shortage also significantly hampered market growth during the pandemic.

Key Insights

The report will cover the following key insights:

• Recent Developments.


• Porter's Five Forces Analysis.


• Technological Developments.


• Impact of COVID-19 on the Global Automotive LiDAR Market.

Analysis by Technology

The mechanical LiDAR segment held the largest market share in 2022. Mechanical LiDAR offers 360-degree rotation and possesses a wide field of vision compared to other LiDAR technologies. Therefore, increasing demand for LiDAR with an improved field of vision for better functioning in automobiles is likely to boost segment growth. Moreover, its high signal-to-noise ratio over the field of vision further improves the system's accuracy, providing efficient and safe drive. Hence, increasing preference for Mechanical LiDAR among the manufacturers is expected to propel the segment during the forecast period.

Solid-state LiDAR is expected to witness the fastest growth rate during the forecast period. This is due to its extensive application in the automotive industry. OEMs conducted profound R&D in solid-state LiDAR, and its increasing awareness among consumers has also played a major part in the segment growth. Solid-state LiDAR does not consist of moving parts and is completely built on a silicon chip. Therefore, solid-state LiDAR is lightweight and smaller than its counterparts.

Analysis by Autonomy

The semi-autonomous market dominated the market in 2022. The increasing sales of semi-autonomous vehicles worldwide are driving segment growth. Currently, semi-autonomy is a significantly matured technology. Therefore, many manufacturers offer semi-autonomous vehicles with advanced safety and driving features, which require LiDAR technology for efficient functioning. Therefore, the increasing adoption of semi-autonomous premium automobiles for safe and comfortable driving is anticipated to boost segment growth in the years to come.

The autonomous segment is anticipated to witness the fastest growth rate during the forecast period. Manufacturers focus on the early development of level 3 and level 4 autonomous vehicles to stay ahead of the competition is expected to boost the segment growth. Additionally, the rapid development of next-generation self-driving technologies for autonomous shuttles and robo-taxis to offer autonomous mobility services in developed economies will likely accelerate segment growth in the upcoming years. Furthermore, LiDAR is a highly essential technology to improve the accuracy of self-driving innovations. Hence, adopting self-driving technology across various economies will influence segment growth over the forecast period.

Analysis by Region

North America led the global automotive LiDAR market with the largest market share in 2022. Administrative regulations encourage automakers to compulsorily install certain automotive safety technologies in both light & heavy-duty vehicles in the region. This accelerates the growth of automotive LiDAR sales in the region. Furthermore, incorporating LiDAR sensors in collision avoidance systems and dynamic remote sensing applications are the key trends shaping the future of the automotive LiDAR industry in the region.

Europe accounted for a significant market share in 2022. The region provides ample growth opportunities to the market players. Germany & U.K. are significantly integrating real-time image processing and IoT technologies into LiDAR solutions. This provides numerous opportunities for the key players to provide automotive LiDAR solutions using advanced technologies, including machine learning (ML) and Artificial Intelligence (AI). Hence helping the key players in the European region to establish a strong hold on the significant market position.   

Key Players Covered

Aeva Technologies, Inc. (U.S.), Continental AG. (Germany), Luminar Technologies, Inc. (U.S.), Ouster, Inc. (U.S.), Velodyne LIDAR, Inc. (U.S.), DENSO Corporation. (Japan), Innoviz Technologies Ltd. (Israel) and Valeo S.A. (France)

Segmentation

Key Industry Developments

• April 2023: Aeva demonstrated its 4D LiDAR technology for the automotive industry at Auto Shanghai 2023, the 20th International Automobile Industry Exhibition from April 18 to April 27. In the National Exhibition and Convention Centre Shanghai, Aeva demonstrated its Aeries II sensor and 4D LIDAR-on-chip technology at booth 2.2H 2BA012.


• January 2022: Innoviz360 was launched by Innoviz Technologies Ltd. next-generation sensor. It is a new HD LiDAR with ten times the performance and significantly lower cost.


• September 2021: next-generation LiDAR SoCs were developed by LeddarTech and Omni Design technologies, enabling LiDAR manufacturers to design LiDAR products.