Please use symbol entry at top right of page to search

Automotive LiDAR Market size worth $ 1659.21 Million, Globally, by 2030 at 29.45% CAGR: Verified Market Research®

Technological advancement in automotive LiDAR technology and the development of 4D LiDAR systems offer good opportunities for growth of the Automotive LiDAR Market.

JERSEY CITY, N.J., June 7, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Automotive LiDAR Market" By Location (Bumper And Grill, Headlight And Taillight), By Vehicle Type (ICE, Hybrid), By Technology (Solid State, Mechanical/Scanning), and By Geography. According to Verified Market Research, the Automotive LiDAR Market size was valued at USD 210.61 Million in 2021 and is projected to reach USD 1659.21 Million by 2030, growing at a CAGR of 29.45% from 2022 to 2030.

Verified_Market_Research_Logo

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=30261

Browse in-depth TOC on "Automotive LiDAR Market"

202 - Pages
126 – Tables
37 – Figures

Global Automotive LiDAR Market Overview

Since the turn of the century, Lidar has been a well-known measurement technique, with established publications and a large bibliography collection. Furthermore, Lidar works on the simple premise of counting the duration between events in magnitudes carried out by light, such as backscattered energy from a pulsed beam. A vehicle's LiDAR sensor sends light pulses, which collide with adjacent objects like automobiles, pedestrians, and trees. After that, the photons bounce back to the sensor. Every photon's roundtrip data is recorded by the LiDAR system, which measures the distance and time to every item in the vehicle's surroundings.

Moreover, LiDAR is being used in a new project called Pre-Scan. Pre-Scan uses technology to scan the road surface hundreds of times per second. This data is then transmitted into the car's onboard computer, which adjusts the individual suspension at each wheel in a fraction of a second which acts as the key growth driver of the Automotive LiDAR Market. Another growing element of the targeted market is that LiDAR technology produces extremely precise and consistent findings.

Key Developments

  • In March 2022, Hexagon announced to launch New Advanced Lidar Security Solution for the Multibillion-Dollar Physical Security Market jointly with Ouster. The Ouster x Accur8vision solution is capable of monitoring and protecting a wide variety of environments, including critical infrastructures such as airports, commercial buildings, and residential properties.
  • In January 2021, Infineon Technologies AG announced the launch of a new generation of its AURIX™ microcontroller family (MCU). The TC4x series fosters the trends of eMobility, advanced driver assists systems (ADAS), automotive electric-electronic (E/E) architectures, and affordable artificial intelligence (AI) applications.

Key Players

The major players in the market are Velodyne LiDAR, Faro, Sick AG, Yellowscan, Hexagon, Teledyne Technologies Trimble, Riegl, Quantum Spatial, Continental AG, and Infineon Technologies AG.

Verified Market Research has segmented the Global Automotive LiDAR Market On the basis of Location, Vehicle Type, Technology, and Geography.

  • Automotive LiDAR Market, By Location
    • Bumper and grill
    • Headlight and taillight
    • Roof and upper pillars
    • Others
  • Automotive LiDAR Market, By Vehicle Type
    • ICE
    • Hybrid
    • Battery Electric Vehicle (BEVs)
  • Automotive LiDAR Market, By Technology
    • Solid-state
    • Mechanical/scanning
  • Automotive LiDAR Market, by Geography
    • North America
      • U.S
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • ROW
      • Middle East & Africa
      • Latin America

Browse Related Reports:

Automotive Semiconductor Market By Component (Processors, Memory Devices, Sensors), By Vehicle Type (Light Commercial Vehicles, Heavy Commercial Vehicles), By Application (Chassis, Automotive, Comfort/Entertainment Unit), By Geography, Forecast, 2021-2028

Automotive Power Electronics Market By Vehicle Type (Passenger Cars (PC), Commercial Vehicles (CV), Electric Vehicle Type), By Application (Safety & Security Systems, Powertrain and Chassis, Infotainment & Telematics), By Component Type (Sensors, Power Ics, Microcontroller Units (MCUs)), By Geography, Forecast, 2021-2028

Automotive MEMS Sensors Market By Product (Pressure Sensor, Accelerometer, Gyroscope), By Application (Safety and Chassis, Powertrain, Infotainment, Body and Convenience), By Geography, Forecast, 2021-2028

CMOS Laser Displacement Sensor Market By Product (Below 30mm, 30mm-100mm, 100-300mm, Above 300mm), By Application (Electronic, Automotive), By Geography, Forecast, 2021-2028

Top Automotive Fuse Manufacturers safeguarding power circuits of vehicles

Visualize Automotive LiDAR Market using Verified Market Intelligence:-:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us
Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: +1 (800)-782-1768
Email: sales@verifiedmarketresearch.com  
Web: https://www.verifiedmarketresearch.com/  
Follow Us: LinkedIn | Twitter

Cision View original content:https://www.prnewswire.com/news-releases/automotive-lidar-market-size-worth--1659-21-million-globally-by-2030-at-29-45-cagr-verified-market-research-301562810.html

SOURCE Verified Market Research

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.