Home > Semiconductors & Electronics > Sensors > LiDAR > Automotive LiDAR Market
Automotive LiDAR Market Size
- Report ID: GMI2911
- Published Date: Nov 2022
- Report Format: PDF
Automotive LiDAR Market Size
Automotive LiDAR Market size exceeded USD 450 million in 2022 and is projected to expand at more than 65% CAGR from 2023 to 2032. Growing integration of sensing technology in autonomous vehicles will positively influence the industry growth.
Automobile manufacturers consider LiDAR as a key enabling technology for self-driving vehicle development. This sensor can adapt to all light conditions and evaluate parameters such as raindrop density and braking distance for autonomous cars. Automakers have also been joining hands with self-driving service providers worldwide to fuel LiDAR technology development.
Solid-state automotive LiDAR sensors, however, are considered expensive for mass production. Their optical designs also have inherent optical inefficiencies, reducing the signal intensity and limiting the range and performance. Additionally, the performance optimization of this technology is associated with significant challenges. These product limitations may restrain industry expansion to some extent. Despite these challenges, the rise in investments to improve vehicle sensor technologies will support the growth of automotive LiDAR suppliers globally.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Automotive LiDAR Market Size in 2022: | USD 450 million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 65% |
| 2032 Value Projection: | USD 100 billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 281 |
| Tables, Charts & Figures: | 472 |
| Segments covered: | Type, Vehicle, and Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Automotive LiDAR Market Scope
