Global LiDAR for Automotive Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type of LiDAR;

Mechanical LiDAR, Solid-State LiDAR, and Flash LiDAR.

By Vehicle Type;

Passenger Cars, Light Commercial Vehicles (LCVs), and Heavy Commercial Vehicles (HCVs).

By Placement;

External LiDAR and Internal LiDAR.

By Application;

Autonomous Vehicles and Advanced Driver Assistance Systems (ADAS).

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn927552060 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global LiDAR for Automotive Market (USD Million), 2021 - 2031

In the year 2024, the Global LiDAR for Automotive Market was valued at USD 488.30 million. The size of this market is expected to increase to USD 2,079.79 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 23.0%.

The global market for LiDAR (Light Detection and Ranging) technology in automotive applications is poised for significant growth and innovation, driven by the accelerating demand for advanced driver assistance systems (ADAS) and autonomous driving solutions. LiDAR technology plays a pivotal role in enhancing the perception capabilities of vehicles by providing accurate and real-time 3D mapping of the surrounding environment. This enables vehicles to detect and navigate through complex road scenarios with precision, thereby improving safety, efficiency, and overall driving experience.

One of the primary drivers of the LiDAR market in automotive applications is the rapid evolution towards autonomous vehicles. LiDAR sensors are instrumental in achieving higher levels of autonomy (Level 3 and beyond) by enabling vehicles to perceive and interpret their surroundings with a high degree of accuracy and reliability. This capability is crucial for navigating urban environments, handling challenging weather conditions, and ensuring safe interactions with pedestrians and other vehicles on the road.

The market is characterized by technological advancements, with ongoing developments focused on miniaturization, cost reduction, and performance enhancement of LiDAR systems. Manufacturers are increasingly integrating solid-state and flash LiDAR technologies, which offer compact designs, improved reliability, and faster scanning capabilities compared to traditional mechanical LiDAR systems. These innovations are paving the way for broader adoption across various vehicle types, from passenger cars to commercial vehicles, as automakers seek to incorporate LiDAR into their next-generation vehicle platforms.

Geographically, North America and Europe are leading the adoption of LiDAR technology in automotive applications, driven by a strong presence of automotive OEMs, technology developers, and regulatory initiatives promoting vehicle safety and automation. Meanwhile, Asia-Pacific is emerging as a significant growth region, fueled by the rapid expansion of the automotive industry and increasing investments in smart mobility solutions. As the automotive sector continues to evolve towards autonomous driving, the global LiDAR market is expected to witness substantial opportunities and advancements, shaping the future of mobility and transportation worldwide.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type of LiDAR
    2. Market Snapshot, By Vehicle Type
    3. Market Snapshot, By Placement
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Global LiDAR for Automotive Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Demand for Autonomous Vehicles
        2. Advancements in Sensor Technology
        3. Regulatory Support and Safety Standards
      2. Restraints
        1. High Cost of LiDAR Systems
        2. Environmental Conditions and Performance Limitations
        3. Integration and Standardization Challenges
      3. Opportunities
        1. Growing Market for Electric and Connected Vehicles
        2. Development of Solid-State LiDAR Technology
        3. Expansion of LiDAR Applications Beyond Automotive
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global LiDAR for Automotive Market, By Type of LiDAR, 2021 - 2031 (USD Million)
      1. Mechanical LiDAR
      2. Solid-State LiDAR
      3. Flash LiDAR
    2. Global LiDAR for Automotive Market, By Vehicle Type, 2021 - 2031 (USD Million)
      1. Passenger Cars
      2. Light Commercial Vehicles (LCVs)
      3. Heavy Commercial Vehicles (HCVs)
    3. Global LiDAR for Automotive Market, By Placement, 2021 - 2031 (USD Million)
      1. External LiDAR
      2. Internal LiDAR
    4. Global LiDAR for Automotive Market, By Application, 2021 - 2031 (USD Million)
      1. Autonomous Vehicles
      2. Advanced Driver Assistance Systems (ADAS)
    5. Global LiDAR for Automotive Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Velodyne Lidar, Inc.
      2. Luminar Technologies, Inc.
      3. Innoviz Technologies Ltd.
      4. Quanergy Systems, Inc.
      5. Ouster, Inc.
      6. LeddarTech Inc.
      7. Ibeo Automotive Systems GmbH
      8. Valeo S.A.
      9. Continental AG
      10. XenomatiX
  7. Analyst Views
  8. Future Outlook of the Market