Automotive LiDAR Market by Type (Mechanical LiDAR, Solid-State LiDAR), Technology (Time of Flight [ToF], Frequency Modulated Continuous Wave [FMCW]), Range (Short-Range, Medium-Range, Long-Range), Vehicle Type (Passenger Vehicles, Commercial Vehicles), Application (Autonomous Vehicles, Advanced Driver-Assistance Systems [ADAS]); Global Insights & Forecast (2024 – 2030)

As per Intent Market Research, the Automotive LiDAR Market was valued at USD 1.2 billion in 2023 and will surpass USD 8.5 billion by 2030; growing at a CAGR of 32.1% during 2024 - 2030.

The automotive LiDAR market is witnessing robust growth, driven by the increasing demand for advanced sensing technologies in autonomous driving and safety systems. Light Detection and Ranging (LiDAR) systems enable vehicles to perceive their environment with high precision, making them a critical component of autonomous vehicles and Advanced Driver-Assistance Systems (ADAS). Rising investments in autonomous vehicle technology, coupled with advancements in LiDAR technology, are propelling market expansion across various regions and applications.

Solid-State LiDAR Segment Is Fastest Growing Owing to Cost Efficiency and Compact Design

The solid-state LiDAR segment is the fastest growing in the market, fueled by its compact design, cost-effectiveness, and durability compared to traditional mechanical LiDAR systems. Solid-state LiDAR uses fewer moving parts, which enhances its reliability and makes it suitable for mass-market applications in passenger and commercial vehicles.

As automakers strive to integrate LiDAR into mainstream models, the affordability and scalability of solid-state systems make them a preferred choice. The segment's growth is further supported by innovations that improve resolution and range, enabling seamless integration into ADAS and autonomous vehicles. Companies like Velodyne and Innoviz Technologies are pioneering advancements in solid-state LiDAR, driving its rapid adoption.

Time of Flight Technology Segment Is Largest Owing to Versatility and Proven Performance

The Time of Flight (ToF) technology segment holds the largest share in the automotive LiDAR market due to its versatility and proven performance in real-world applications. ToF systems accurately measure distances by calculating the time taken for light pulses to return, making them ideal for detecting objects and mapping environments in various lighting conditions.

ToF technology’s widespread adoption in both ADAS and autonomous vehicles is attributed to its reliability and ability to provide high-resolution data. The technology's cost-effectiveness and scalability further strengthen its position as the dominant choice among automakers and LiDAR manufacturers. Continuous innovation in ToF sensors is expected to sustain its market leadership in the coming years.

Long-Range LiDAR Segment Is Fastest Growing Owing to Demand for Autonomous Vehicles

Long-range LiDAR is the fastest growing range segment, driven by its critical role in enabling autonomous vehicles to detect obstacles and navigate complex environments at high speeds. Long-range systems provide detailed environmental mapping over extended distances, ensuring safety and efficiency in highway and urban settings.

The increasing adoption of Level 4 and Level 5 autonomous vehicles, which require advanced perception systems, is a key driver for this segment's growth. Innovations in long-range LiDAR technology are also enhancing resolution and accuracy, making it indispensable for advanced autonomous functionalities. This trend is expected to accelerate as the autonomous vehicle industry matures.

Passenger Vehicles Segment Is Largest Owing to Rising Demand for ADAS

The passenger vehicles segment is the largest in the automotive LiDAR market, fueled by the growing integration of ADAS features such as adaptive cruise control, collision avoidance, and lane-keeping assistance. Automakers are increasingly equipping mid-range and premium passenger vehicles with LiDAR technology to enhance safety and meet regulatory requirements.

Consumer demand for advanced safety features, combined with the push for semi-autonomous driving capabilities, has positioned passenger vehicles as a key driver of LiDAR adoption. The segment is further bolstered by government incentives and regulations promoting the adoption of advanced vehicle safety systems.

ADAS Application Segment Is Largest Owing to Increased Safety Regulations

The ADAS segment accounts for the largest share in the automotive LiDAR market, driven by stringent safety regulations and the rising demand for driver-assistance features. LiDAR systems enable ADAS functionalities such as pedestrian detection, automatic emergency braking, and traffic sign recognition, which are increasingly becoming standard in new vehicles.

The growing emphasis on road safety and the reduction of traffic accidents is driving automakers to invest heavily in ADAS technologies. LiDAR’s ability to provide precise environmental data enhances the performance of these systems, making it a cornerstone of the ADAS segment’s growth.

North America Is Largest Region Owing to Advanced Autonomous Vehicle Ecosystem

North America dominates the automotive LiDAR market, supported by a well-established autonomous vehicle ecosystem and significant investments in research and development. The region is home to key industry players and tech startups pioneering LiDAR innovation, as well as automakers integrating these systems into their vehicle lineups.

Favorable government policies, such as testing regulations for autonomous vehicles and initiatives to enhance road safety, further support market growth in North America. High consumer adoption of advanced automotive technologies ensures sustained demand for LiDAR systems in this region.

Leading Companies and Competitive Landscape

The automotive LiDAR market is highly competitive, with key players such as Velodyne, Luminar Technologies, Innoviz Technologies, and Quanergy Systems leading the space. These companies focus on innovation and strategic partnerships with automakers to integrate LiDAR systems into both autonomous and semi-autonomous vehicles.

The competitive landscape is also marked by new entrants offering cost-effective solutions and advancements in solid-state LiDAR technology. As demand for LiDAR continues to grow, manufacturers are focusing on enhancing performance, reducing costs, and expanding production capacity to capture market opportunities. The ongoing development of autonomous driving technology ensures that competition and innovation in this market will remain dynamic.

List of Leading Companies:

• Aeva Technologies, Inc.
• Continental AG
• First Sensor AG
• Hesai Technology Co., Ltd.
• Innoviz Technologies Ltd.
• LeddarTech Inc.
• Luminar Technologies, Inc.
• Ouster, Inc.
• Quanergy Systems, Inc.
• Quanergy Systems, Inc.
• Robert Bosch GmbH
• RoboSense (Suteng Innovation Technology Co., Ltd.)
• Valeo SA
• Velodyne Lidar, Inc.
• ZF Friedrichshafen AG

Recent Developments:

• Luminar Technologies, Inc. announced a collaboration with a major automotive OEM to deploy LiDAR in their next-generation autonomous vehicles.
• Velodyne Lidar, Inc. launched a new compact and energy-efficient LiDAR system tailored for mass-market autonomous vehicles.
• Innoviz Technologies Ltd. secured a partnership with a leading European carmaker to supply solid-state LiDAR for their ADAS platforms.
• Hesai Technology Co., Ltd. unveiled its next-gen solid-state LiDAR with enhanced range and resolution for autonomous trucks.
• ZF Friedrichshafen AG expanded its portfolio with a new high-performance LiDAR system optimized for long-range object detection.

Report Scope: