{"product_id":"global-automotive-lidar-market-size-segments-outlook-and-revenue-forecast-2022-2028-by-application-semi-autonomous-vehicles-autonomous-vehicles-technology-solid-state-mechanical-scanning-location-roof-upper-pillars-headlight-taillight-bu","title":"Global Automotive LiDAR Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Application (Semi-Autonomous Vehicles, Autonomous Vehicles), Technology (Solid State, Mechanical\/Scanning), Location (Roof \u0026 Upper Pillars, Headlight \u0026 Taillight, Bu","description":"\u003cp\u003eGlobal Automotive LiDAR Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Application (Semi-Autonomous Vehicles, Autonomous Vehicles), Technology (Solid State, Mechanical\/Scanning), Location (Roof \u0026amp; Upper Pillars, Headlight \u0026amp; Taillight, Bumper \u0026amp; Grill ), Range (Short \u0026amp; Mid-Range, Long Range), Vehicle Type (IC Engine Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle, Battery Electric Vehicle) and Region (North America, Europe, Asia Pacific, Latin America Middle East and Africa)\u003c\/p\u003e\n\n\u003cp\u003eMarket Overview:\u003c\/p\u003e\n\n\u003cp\u003eLIDAR stands for Light Detection and Ranging. Lidar solutions are alternatively known as the time of flight (ToF), laser scanners, or laser radars. The objective of automotive LiDAR solutions is to work as efficient sensing methods that would detect objects and map their distances. The basics of the Automotive LiDAR Technology comprise lighting up a target with an optical pulse and subsequently measuring the reflected return signal’s diverse characteristics. One of the areas where LiDAR technology excels is Spatial Resolution. Its spatial resolution capabilities make it possible to obtain an extremely high-resolution 3D characterization of objects without requiring high-end back-end processing.\u003c\/p\u003e\n\n\u003cp\u003eAccording to Ken Research Analysis, the Global Automotive LiDAR Market is estimated to have grown to a size of ~US$500 million in 2022 from ~US$200 million in 2017. The market is expected to grow further to a size of ~US$1,500 million by 2028 at a CAGR of ~20% for the forecasted period of 2022-2028, owing to the consistent rise in the adoption of semi-autonomous and autonomous vehicles aided by encouraging government regulations\/policies, superior detection capabilities and technological advancements achieved by the automotive LIDAR segment, increasing awareness to vehicle safety regulations and the growing presence of ADAS or Advanced Driver Assistance Systems.\u003c\/p\u003e\n\n\u003cp\u003eAccording to a research study, cited by the Ohio University website, nearly 12 million autonomous and 18 million semi-autonomous vehicles will be sold globally by 2035. Apart from these vehicles, vehicles with some sort of autonomous features will occupy one-fourth of the market within the same time frame. The adoption of autonomous\/ semi-autonomous vehicles could be across a variety of areas\/industries, including general transport, such as trucking fleets, taxi services, school and transit bus services, and the more commercial areas of mining, construction, farming, and manufacturing. There are several benefits for these application areas\/industries to adopt autonomous vehicles. These vehicles can guarantee safety in some of the most challenging\/hazardous work areas, save labor costs and time, and reduce carbon emissions by a significant margin, ensuring optimized driving. Automotive LIDARs are used across both segments of semi-autonomous and autonomous vehicles. Growth in the adoption of these types of vehicles would boost the LiDAR Market notably.\u003c\/p\u003e\n\n\u003cp\u003eThe Automotive LiDAR Market segment has achieved significant technological advancements over the years. LIDARs are capable of collimating laser light, including its short wavelength within the range of 905-1,550 nm. It is also possible to achieve spatial resolution on the order of 0.1 degrees with LIDAR. All these results in best-in-class spatial resolution features. Mechanical LIDAR systems offer the widest field of view among all Advanced Driver Assistance Systems. While technological advancements have made LIDARs highly efficient, their prices have also reduced significantly. A report published by Texas Instruments in May 2020 predicted the cost of a LIDAR module to come down to less than US$200 by 2022.\u003c\/p\u003e\n\n\u003cp\u003eLIDARs are often not as efficient as they’re expected to be when the weather conditions are adverse. A scientific study on the influence of weather conditions on automotive LIDAR sensors indicates a significant impairment in the perception of objects and a notable reduction in detection range when there is fog or rain. These impairments may lead to misclassifications and wrong detections and are to be solved effectively for the market to grow at a faster pace. LiDAR systems are also vulnerable to ambient light conditions.\u003c\/p\u003e\n\n\u003cp\u003eLike many other industries, the supply chain in the market of automotive components was also disrupted during the COVID-19 pandemic. Exports of parts and components from China were disrupted and so were manufacturing in Europe and assembling activities in the North American region. However, the restrictions have now been lifted and the possibility of reducing carbon emissions through autonomous cars has helped the market to get back on track.\u003c\/p\u003e\n\n\u003cp\u003eScope of the Report:\u003c\/p\u003e\n\n\u003cp\u003eAutomotive LiDAR Market is segmented into application, technology, location, range, vehicle type, and region. In addition, the report also covers the size and forecasts for the four major regions of the market. The revenue used to size and forecast the market for each segment is US$ million.\u003c\/p\u003e\n\n\u003cp\u003eBy Application\u003c\/p\u003e\n\n\u003cp\u003eSemi-Autonomous Vehicles\u003cbr\u003e\nAutonomous Vehicles\u003c\/p\u003e\n\n\u003cp\u003eBy Technology\u003c\/p\u003e\n\n\u003cp\u003eSolid State\u003cbr\u003e\nMechanical\/Scanning\u003c\/p\u003e\n\n\u003cp\u003eBy Location\u003c\/p\u003e\n\n\u003cp\u003eRoof and Upper Pillars\u003cbr\u003e\nHeadlight \u0026amp; Taillight\u003cbr\u003e\nBumper \u0026amp; Grill\u003cbr\u003e\nOthers\u003c\/p\u003e\n\n\u003cp\u003eBy Range\u003c\/p\u003e\n\n\u003cp\u003eShort- \u0026amp; Mid-Range\u003cbr\u003e\nLong Range\u003c\/p\u003e\n\n\u003cp\u003eBy Vehicle Type\u003c\/p\u003e\n\n\u003cp\u003eIC Engine Vehicle\u003cbr\u003e\nHybrid Electric Vehicle\u003cbr\u003e\nPlug-in Hybrid Electric Vehicle\u003cbr\u003e\nBattery Electric Vehicle\u003c\/p\u003e\n\n\u003cp\u003eBy Region\u003c\/p\u003e\n\n\u003cp\u003eNorth America (USA, Canada, Mexico)\u003cbr\u003e\nEurope (Germany, UK, France, Spain, Italy, Rest of Europe)\u003cbr\u003e\nAsia Pacific (China, Japan, South Korea, India, Indonesia, Australia, Rest of Asia Pacific)\u003cbr\u003e\nLAMEA (Latin America, Middle East, Africa)\u003c\/p\u003e\n\n\u003cp\u003eKey Players\u003c\/p\u003e\n\n\u003cp\u003eContinental AG\u003cbr\u003e\nZF Friedrichshafen AG\u003cbr\u003e\nInfineon Technologies AG\u003cbr\u003e\nVelodyne LiDAR\u003cbr\u003e\nLeddarTech\u003cbr\u003e\nFirst Sensor AG\u003cbr\u003e\nQuanergy Systems\u003cbr\u003e\nInnoviz Technologies\u003cbr\u003e\nRobert Bosch GMBH\u003cbr\u003e\nValeo\u003c\/p\u003e\n\n\u003cp\u003eKey Trends\u003c\/p\u003e\n\n\u003cp\u003eby Market Segment\u003c\/p\u003e\n\n\u003cp\u003eBy Application:\u003cbr\u003e\nSemi-autonomous vehicles accounted for the largest share of the market in 2021.\u003c\/p\u003e\n\n\u003cp\u003eA significant number of vehicles are keen to incorporate some autonomous features even if it is not possible to convert the existing vehicle to a fully autonomous one. This tendency is leading to a surge in the market of semi or partially autonomous vehicles.\u003c\/p\u003e\n\n\u003cp\u003eHowever, the autonomous vehicles segment is expected to see significant growth during the forecasted period (2022-2028) owing to the rise in the use of level 4 and level 5 vehicles and technological advancements achieved by many leading automotive companies, such as Tesla, Zoox, Toyota, etc., in making fully autonomous vehicles more efficient for ride-sharing and ride-hailing services.\u003c\/p\u003e\n\n\u003cp\u003eBy Technology:\u003cbr\u003e\nTechnology-wise, Solid State LiDAR’s occupied the largest share of the market in 2021.\u003c\/p\u003e\n\n\u003cp\u003eThere are several benefits of a Solid State LiDAR that have helped it gain a competitive edge over mechanical\/scanning LiDAR’s. Solid-State LiDAR’s are cheaper and have multiple implementation methods, including Microelectromechanical Systems (MEMs), Flash LIDAR, Frequency-Modulated Continuous Wave LIDAR(FMCW), and Optical Phase Array.\u003c\/p\u003e\n\n\u003cp\u003eOn the other hand, the growth in the Mechanical\/Scanning LiDAR segment is expected to be driven by its technological superiority. Apart from using high-grade optics, these LIDARs leverage rotating assemblies to create a wider field of view.\u003c\/p\u003e\n\n\u003cp\u003eBy Location:\u003cbr\u003e\nAutomotive LiDAR’s installed on roofs and upper pillars accounted for the largest share of the market in 2021.\u003c\/p\u003e\n\n\u003cp\u003eAutomotive LiDAR’s that leverage the spinning scanner technology on the car roof – covering a full 360-degree horizontal view around the vehicle – is one of the most common varieties in the segment. These scanners are capable of including up to 128 separate lasers and spinning mechanical mirrors at a frequency of 30 Hz. LiDAR’s mounted on the top of the car are also a commonly seen feature in Google’s self-driving cars.\u003c\/p\u003e\n\n\u003cp\u003eAlthough LiDAR’s mounted atop are the most common, placement of LiDAR’s on roofs and upper pillars leave blind spots near the vehicle. The need to cover these blind spots drives the market for other segments, namely headlight and taillight LiDAR’s, bumpers and grill LiDAR’s, etc.\u003c\/p\u003e\n\n\u003cp\u003eBy Range:\u003cbr\u003e\nThe Short- and Mid-range LiDAR’s accounted for the largest share of the market in 2021.\u003c\/p\u003e\n\n\u003cp\u003eShort and Mid-range LiDAR’s are not as expensive as long-range LiDAR’s that come with a range of 100 meters. Moreover, long-range LIDARs are not efficient in detecting close-range objects.\u003c\/p\u003e\n\n\u003cp\u003eThe short- and mid-range LiDAR’s work well in meeting most of the automotive needs unless it is for fast-moving navigating vehicles.\u003c\/p\u003e\n\n\u003cp\u003eBy Vehicle Type:\u003cbr\u003e\nIC Engine vehicles accounted for the largest segment of the market in 2021.\u003c\/p\u003e\n\n\u003cp\u003eAlthough the EV segment is increasing at a considerable pace, the automotive market is still largely dominated by ICE vehicles. A BloombergNEF study projects that electric vehicles will account for one-tenth of global passenger car sales by 2025 and will subsequently increase to 28% in 2030 and 58% by 2040.\u003c\/p\u003e\n\n\u003cp\u003eGrowth in the EV market is expected to translate into the growth in demand for automotive LIDARs in the HEV, PHEV, and BEV segments.\u003c\/p\u003e\n\n\u003cp\u003eBy Region:\u003cbr\u003e\nEurope accounted for the largest share of the market, region-wise, in 2021.\u003c\/p\u003e\n\n\u003cp\u003eThe leading position of Europe in the automotive LiDAR market stems from its inclination towards autonomous driving. While many countries in the region are aggressively testing the feasibility of large-scale adoption of autonomous vehicles, the EU wants to legalize the LiDAR-based ADAS applications across the continent.\u003c\/p\u003e\n\n\u003cp\u003eThe rising awareness towards optimized driving and reduced carbon emissions is also driving growth in autonomous driving, resulting in enhanced LiDAR sales.\u003c\/p\u003e\n\n\u003cp\u003eCompetitive Landscape\u003c\/p\u003e\n\n\u003cp\u003eThe Global Automotive LiDAR market has ~150 players, including globally diversified players, regional players, and country-niche players having expertise in addressing the exact needs for country-specific regulations. Most of the country-niche players are component suppliers to global and regional players or their assembling partners.\u003cbr\u003e\nLarge global players constitute ~10% of the market in terms of the number of competitors, while regional players hold the largest share. Some of the major players in the market include Continental AG, ZF Friedrichshafen AG, Infineon Technologies AG, Velodyne LiDAR, LeddarTech, First Sensor AG, Quanergy Systems, Innoviz Technologies, Robert Bosch GMBH, Valeo, etc.\u003c\/p\u003e\n\n\u003cp\u003eRecent Developments Related to Major Players\u003c\/p\u003e\n\n\u003cp\u003eAccording to news published in September 2022, Continental AG is in the process of creating a high-performance, long-range LiDAR that will meet the needs of passenger cars and commercial vehicles. The product has been named HRL 131. According to reports, the product will go for mass production in 2024 and will be capable of covering a range of more than 300 meters for vehicles and more than 200 meters for pedestrians.\u003cbr\u003e\nIn January 2022, LiDAR launched a new sensor suite that included a sophisticated LIDARoption, offering a third sensor for gauging the environment in more detail, compared to cameras and radars.\u003c\/p\u003e\n\n\u003cp\u003eConclusion\u003c\/p\u003e\n\n\u003cp\u003eThe Global Automotive LiDAR market is expected to grow at a significant pace during the forecast period. Multiple factors will drive growth in this segment, including a consistent rise in the adoption of semi-autonomous and autonomous vehicles backed by supportive government regulations\/policies, superior detection capabilities and technological advancements achieved by the automotive LIDARsegment players, increasing awareness towards vehicle safety regulations, and the growing presence of ADAS or Advanced Driver Assistance Systems.\u003c\/p\u003e\n\n\u003cp\u003eNote:\u003c\/p\u003e\n\n\u003cp\u003eThis is an On-Demand\/Planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of 2 working weeks.\u003c\/p\u003e\n\n\u003cp\u003eKey Topics Covered in the Report\u003c\/p\u003e\n\n\u003cp\u003eSnapshot of the Global Automotive LiDAR Market\u003cbr\u003e\nIndustry Value Chain and Ecosystem Analysis\u003cbr\u003e\nMarket size and Segmentation of the Global Automotive\u003cbr\u003e\nHistoric Growth of the Overall Global Automotive LiDAR Market and Segments\u003cbr\u003e\nCompetition Scenario of the Market and Key Developments of Competitors\u003cbr\u003e\nPorter’s 5 Forces Analysis of the Global Automotive LiDAR Industry\u003cbr\u003e\nOverview, Product Offerings, and Strengths \u0026amp; Weaknesses of Key Competitors\u003cbr\u003e\nCOVID-19 Impact on the Overall Global Automotive LiDAR Market\u003cbr\u003e\nFuture Market Forecast and Growth Rates of the Total Global Automotive LiDAR Market and by Segments\u003cbr\u003e\nMarket Size of Application Segments with Historical CAGR and Future Forecasts\u003cbr\u003e\nAnalysis of the Global Automotive LiDAR Market\u003cbr\u003e\nMajor Production\/Supply and Consumption\/Demand Hubs within Each Region\u003cbr\u003e\nMajor Country-wise Historic and Future Market Growth Rates of the Total Market and Segments\u003cbr\u003e\nOverview of Notable Emerging Competitor Companies within Each Region\u003c\/p\u003e\n\n\u003cp\u003eNotable Key Players Mentioned in the Report\u003c\/p\u003e\n\n\u003cp\u003eContinental AG\u003cbr\u003e\nZF Friedrichshafen AG\u003cbr\u003e\nInfineon Technologies AG\u003cbr\u003e\nVelodyne LIDAR\u003cbr\u003e\nLeddarTech\u003cbr\u003e\nFirst Sensor AG\u003cbr\u003e\nQuanergy Systems\u003cbr\u003e\nInnoviz Technologies\u003cbr\u003e\nRobert Bosch GMBH\u003cbr\u003e\nValeo\u003c\/p\u003e\n\n\u003cp\u003eNotable Emerging Companies Mentioned in the Report\u003c\/p\u003e\n\n\u003cp\u003eLuminar Technologies\u003cbr\u003e\nAeva\u003cbr\u003e\nOuster\u003cbr\u003e\nCepton\u003cbr\u003e\nRoboSense\u003c\/p\u003e\n\n\u003cp\u003eKey Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report\u003c\/p\u003e\n\n\u003cp\u003eAutomotive LiDAR Manufacturers\u003cbr\u003e\nComponent Suppliers for LiDAR\u003cbr\u003e\nAutonomous Vehicle Manufacturers\u003cbr\u003e\nVehicle Manufacturers\u003cbr\u003e\nElectric Vehicle Manufacturers\u003cbr\u003e\nMobility-tech startups\u003cbr\u003e\nMobility-Tech\/ Travel\/ Transport Industry Investors\/ VC Funds\u003cbr\u003e\nGovernment Transportation Agencies\u003cbr\u003e\nVehicle Safety Authorities\/ Research Organizations\u003cbr\u003e\nAutomotive Electronics Manufacturers\u003cbr\u003e\nSemiconductor IP Suppliers\u003cbr\u003e\nSemiconductor Chip Manufacturers\u003cbr\u003e\nSoC and Hardware Suppliers\u003cbr\u003e\nAuto Component Manufacturers\u003cbr\u003e\nGovernment \u0026amp; Regulatory Authorities of Automotive Industry\u003cbr\u003e\nAutomotive Research institutes\u003cbr\u003e\nPCB Designers and Manufacturers\u003cbr\u003e\nInvestors in Automotive Industry\u003cbr\u003e\nSoftware Developers \u0026amp; EV Component Manufacturers\u003cbr\u003e\nStart-ups \u0026amp; Incumbents in Automotive Electronics\u003cbr\u003e\nAutomotive Testing \u0026amp; Inspection Companies\u003cbr\u003e\nCompany Research and Development Institutes\u003cbr\u003e\nMarket Research \u0026amp; Consulting Firms\u003cbr\u003e\nBanking and Financial Service Providers\u003c\/p\u003e\n\n\u003cp\u003eTime Period Captured in the Report\u003c\/p\u003e\n\n\u003cp\u003eHistorical Period: 2017-2021\u003cbr\u003e\nForecast Period: 2022E-2028F\u003c\/p\u003e\n\n\u003cp\u003eFrequently Asked Questions\u003c\/p\u003e\n\n\u003cp\u003eWhat is the Study Period of this Market Report?\u003c\/p\u003e\n\n\u003cp\u003eThe Global Automotive LiDAR Market is covered from 2017 – 2028 in this report, which includes a forecast for the period 2022-2028.\u003c\/p\u003e\n\n\u003cp\u003eWhat is the Future Growth Rate of the Global Automotive LiDAR Market?\u003c\/p\u003e\n\n\u003cp\u003eThe Global Automotive LiDAR Market is expected to witness a CAGR of ~20% over the next 6 years.\u003c\/p\u003e\n\n\u003cp\u003eWhat are the Key Factors Driving the Global Automotive LiDAR Market?\u003c\/p\u003e\n\n\u003cp\u003eRise in the adoption of semi-autonomous and autonomous vehicles backed by supportive government regulations\/policies, superior detection capabilities and technological advancements achieved by the automotive LIDARsegment players, increasing awareness towards vehicle safety regulations, and the growing presence of ADAS or Advanced Driver Assistance Systems are some of the key factors driving the global Automotive LiDAR market.\u003c\/p\u003e\n\n\u003cp\u003eWhich is the Largest Application Segment within the Global Automotive LiDAR Market?\u003c\/p\u003e\n\n\u003cp\u003eApplication-wise, semi-autonomous vehicles occupied the largest chunk of the market.\u003c\/p\u003e\n\n\u003cp\u003eWho are the Key Players in the Global Automotive LiDAR Market?\u003c\/p\u003e\n\n\u003cp\u003eContinental AG, ZF Friedrichshafen AG, Infineon Technologies AG, Velodyne LiDAR, LeddarTech, First Sensor AG, Quanergy Systems, Innoviz Technologies, Robert Bosch GMBH, Valeo, etc.\u003c\/p\u003e\n\n\u003cp\u003eKey Topics Covered in the Report\u003c\/p\u003e\n\n\u003cp\u003eSnapshot of the Global Automotive LiDAR Market\u003cbr\u003e\nIndustry Value Chain and Ecosystem Analysis\u003cbr\u003e\nMarket size and Segmentation of the Global Automotive\u003cbr\u003e\nHistoric Growth of the Overall Global Automotive LiDAR Market and Segments\u003cbr\u003e\nCompetition Scenario of the Market and Key Developments of Competitors\u003cbr\u003e\nPorter’s 5 Forces Analysis of the Global Automotive LiDAR Industry\u003cbr\u003e\nOverview, Product Offerings, and Strengths \u0026amp; Weaknesses of Key Competitors\u003cbr\u003e\nCOVID-19 Impact on the Overall Global Automotive LiDAR Market\u003cbr\u003e\nFuture Market Forecast and Growth Rates of the Total Global Automotive LiDAR Market and by Segments\u003cbr\u003e\nMarket Size of Application Segments with Historical CAGR and Future Forecasts\u003cbr\u003e\nAnalysis of the Global Automotive LiDAR Market\u003cbr\u003e\nMajor Production\/Supply and Consumption\/Demand Hubs within Each Region\u003cbr\u003e\nMajor Country-wise Historic and Future Market Growth Rates of the Total Market and Segments\u003cbr\u003e\nOverview of Notable Emerging Competitor Companies within Each Region\u003c\/p\u003e\n\n\u003cp\u003ePlease Note: It will take 5-7 business days to complete the report upon order confirmation.\u003c\/p\u003e","brand":"Public Sector","offers":[{"title":"November, 2022 \/ 150 Pages \/ MCW16266806","offer_id":47700222345522,"sku":null,"price":5400.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/global-automotive-lidar-market-size-segments-outlook-and-revenue-forecast-2022-2028-by-application-semi-autonomous-vehicles-autonomous-vehicles-technology-solid-state-mechanical-scanning-location-roof-upper-pillars-headlight-taillight-bu","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}