Global Automotive LiDAR Sensor Market: World Market Review By Vehicle Type, By Technology: Opportunities and Forecast (2019-2030)

Date: 1 November 2019

According to a research report published by Azoth Analytics in October 2019, the Global Automotive LiDAR market is expected to value at USD 13,931.0 million and shipment expected to reach at 23,945 thousand units by the year 2030.
Globally, the market for Automotive LiDAR Sensors will likely to grow at a swift pace on the back of escalating production of ADAS cars and testing of autonomous cars in major economies of the world such as China, Germany, US, Japan, South Korea, France among others. Growing awareness related to increasing road fatalities with sensor manufacturers stressing upon providing convenience, safety and security to drivers and passengers, huge investments in research and development of vehicle intelligence and autonomy likely to facilitate the LiDAR sensors market. 

According to the Azoth Analytics research report “Global Automotive LiDAR Sensors Market – World Market Review By Vehicle Type (Autonomous Car, ADAS Cars), By Technology (Mechanical LiDAR-Small form factor, Mechanical LiDAR-Large form factor, Solid State, MEMS, Flash LiDAR), By Country (United States, Germany, China, Japan, ROW): Opportunities and Forecast (2017-2030)” global market is projected to display a robust growth represented by a CAGR of 26.82% during 2019 – 2030.

Passenger Vehicles have been witnessing growth at a notable rate over the past few years in countries such as India, China, Germany, France and Canada. These countries are experiencing a burgeoning demand for small compact passenger vehicles which is powered by ever increasing number of families in the world and growing urbanization. Germany is the largest market for LiDAR sensor technology due to ongoing development programs of Autonomous and ADAS cars by leading Automotive OEM manufacturers. Additionally, China is expected to become one of the fastest growing markets for LiDAR sensors in future.