Automotive LiDAR Market Future Prospective and Rapid Technological Advancements

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Automotive LiDAR

A report by ARC estimated that the automotive LiDAR market will surpass $2.9 billion by 2026, representing an average annual growth rate of 27.1 percent from 2019 to 2026.

The LiDAR manufacturing industries are backed by many major automobile market players such as Velodyne LiDAR Inc. is financially supported by Ford Motor Co., Luminar technologies Inc. is funded by AB Volvo, and with the announcement of BMW AG to launch its self-driving cars in 2021, Innoviz Technologies Ltd. has signed an agreement with the company to supply LiDAR sensors for its level 3-5 autonomous vehicles.

However, consumer trust is the biggest challenge faced by the global automotive LiDAR market due to increase in number of incidents by self-driven cars which may negatively impact the growth of the market in the forecast period.

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Light Detection and Ranging (LiDAR) is a remote sensing technology that uses light to map an environment. Light reflected from the various objects is detected at the sensor, which in turn helps in measuring the distance between the objects. In today’s world, the LiDAR technology is used in many applications such as self-driving cars, archaeology, agriculture, forestry, pollution modeling, etc. The global automotive LiDAR market is primarily driven by increase in demand for speed and accuracy and rise in research and development (R&D) activities for enhancing LiDAR technology in autonomous vehicles. In addition to this, the LiDAR technology has been extensively used by many other end-user industries such as aerospace, agricultural and civil engineering industries due to which there have been a mass production of LiDAR devices that has resulted in declining manufacturing prices of LiDAR sensors.

Thus, decrease in manufacturing prices has boosted the demand for LiDARs in automotive industry. However, consumer trust is the biggest challenge faced by the global automotive LiDAR market due to increase in number of incidents by self-driven cars which may negatively impact the growth of the market in the forecast period. The LiDAR manufacturing industries are backed by many major automobile market players such as Velodyne LiDAR Inc. is financially supported by Ford Motor Co., Luminar technologies Inc. is funded by AB Volvo, and with the announcement of BMW AG to launch its self-driving cars in 2021, Innoviz Technologies Ltd. has signed an agreement with the company to supply LiDAR sensors for its level 3-5 autonomous vehicles.

The global automotive LiDAR market is segmented by LiDAR Type, application, and region.

Based on LiDAR Type, the market is segmented into mechanical automotive LiDAR and solid-state automotive LiDAR. Solid state LiDARs are expected to have a significant growth for the market owing to its high-resolution and cheaper solutions. In addition to this, unlike mechanical automotive LiDARs, the solid-state automotive LiDAR does not rely on movement of the objects to have precise measurements.

Based on application, the market is segmented into LiDARs for robo-taxis and LiDARs for Advanced driver-assistance systems (ADAS) and autonomous vehicles. LiDARs for ADAS and autonomous vehicles is expected to dominate the global automotive LiDAR market. Increase in R&D activities across the ADAS and autonomous vehicles have boosted the growth of the global automotive LiDAR market.

Geographically, global automotive LiDAR market is segmented into North America, Europe, Asia Pacific, Latin America and The Middle East & Africa (LAMEA).

North America dominates the global automotive LiDAR market owing to the growing technological advancements, increase in research and development activities and mass production of LiDAR sensors in the region. In addition, the region has evolving market due to existence of established Automotive LiDAR providers in the key countries such as the US and Canada. The progression towards autonomous vehicle technology in commercial cars, robust technology and early adoption of ADASare expected to drive the market in the region in forecast period.

Automotive industry in Europe is a strategic and robust industry that is powering the economic growth of the region. Europe is efficiently working on building connected and automated driving system in the region by introducing self-driven LiDAR-based autonomous vehicles. France and Germany are the key leading countries that are owing to the growth of automotive LiDAR market in the region. Increase in research and development activities and support from the government for developing automated driving systems is expected to boost the automotive LiDAR market in the forecast period.

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Asia Pacific is the fastest growing region for the automotive LiDAR market owing to the increase in demand for robust technology and autonomous cars in the developing economies. Increase in technological advancements and growing economic developments are the key factors contributing to the growth of automotive LiDAR market. China is the major contributor of the automotive LiDAR market in the region owing to the rising demand for mobility services such as robo-taxis.

Latin American and the Middle Eastern countries are projected to drive the LAMEA market as a result of increasing demand for self-driven cars and growing automotive sector. However, Africa holds the least but have an optimistic future for the automotive LiDAR market in the forecast period.

Velodyne has signed a licensing deal with Veoneer, an automotive supply-chain company in January 2019 to cut down costs on LiDAR systems. In March, 2019, Lumotive announced a beam-steering technology that is expected to considerably advance the reliability and pricing of LiDAR units in the evolving automated car market.

Some of the key players in the global automotive LiDAR market include, Luminar technologies Inc., Innoviz Technologies Ltd., Velodyne LiDAR Inc., Continental AG, Infineon Technologies, LeddarTech, Ibeo Automotive Systems GmbH, Garmin Ltd., and Phantom Intelligence.

The market research study on “Automotive LiDAR Market – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026” offers a detailed outlook, strategic recommendations, and insightful viewpoints on the global Automotive LiDAR market. The report also analyzes the key players operating in Companion diagnostic market and identifies the key strategies deployed by them along with the market share of leading players.

The global Automotive LiDAR market is segmented as below:

Market by Type

  • Mechanical automotive LiDAR
  • Solid-state automotive LiDAR

Market by Application

  • Robo-taxis
  • Advanced driver-assistance systems (ADAS) and autonomous vehicles

Market by Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Sweden
    • Norway
    • Denmark
    • Netherlands
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • Singapore
    • India
    • Rest of Asia-Pacific
  • Rest of the World
    • UAE
    • Qatar
    • Saudi Arabia
    • South Africa
    • Rest of the World

The global automotive LiDAR market is segmented by types, application and geography.

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TABLE OF CONTENT

CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Automotive LiDAR Market
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Automotive LiDAR Market By LiDAR Type
1.2.2.1. Global Automotive LiDAR Market Revenue and Growth Rate Comparison By LiDAR Type (2015-2026)
1.2.2.2. Global Automotive LiDAR Market Revenue Share By LiDAR Type in 2017
1.2.2.3. Mechanical automotive LiDAR
1.2.2.4. Solid-state automotive LiDAR
1.2.3. Automotive LiDAR Market By Application
1.2.3.1. Global Automotive LiDAR Market Revenue and Growth Rate Comparison By Application (2015-2026)
1.2.3.2. Global Automotive LiDAR Market Revenue Share By Application in 2017
1.2.3.3. Robo-taxis
1.2.3.4. Advanced driver-assistance systems (ADAS) and autonomous vehicles
1.2.4. Automotive LiDAR Market by Geography
1.2.4.1. Global Automotive LiDAR Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.4.2. North America Automotive LiDAR Market Revenue and Growth Rate (2015-2026)
1.2.4.3. Europe Automotive LiDAR Market Revenue and Growth Rate (2015-2026)
1.2.4.4. Asia-Pacific Automotive LiDAR Market Revenue and Growth Rate (2015-2026)
1.2.4.5. Latin America Automotive LiDAR Market Revenue and Growth Rate (2015-2026)
1.2.4.6. Middle East and Africa (MEA) Automotive LiDAR Market Revenue and Growth Rate (2015-2026)

CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS

2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2017
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players

CHAPTER 3. MANUFACTURING PLANTS ANALYSIS

3.1. Capacity and Commercial Production Date of Global Automotive LiDAR Market Major Manufacturers in 2017
3.2. Manufacturing Plants Distribution of Global Automotive LiDAR Market Major Manufacturers in 2017
3.3. R&D Status and Technology Source of Global Automotive LiDAR Market Major Manufacturers in 2017
3.4. Raw Materials Sources Analysis of Global Automotive LiDAR Market Major Manufacturers in 2017

CHAPTER 4. AUTOMOTIVE LIDAR MARKET BY LIDAR TYPE

4.1. Global Automotive LiDAR Market Revenue By LiDAR Type
4.2. Mechanical automotive LiDAR
4.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
4.3. Solid-state automotive LiDAR
4.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)

CHAPTER 5. AUTOMOTIVE LIDAR MARKET BY APPLICATION

5.1. Global Automotive LiDAR Market Revenue By Application
5.2. Robo-taxis
5.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
5.3. Advanced driver-assistance systems (ADAS) and autonomous vehicles
5.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)

CHAPTER 6. NORTH AMERICA AUTOMOTIVE LIDAR MARKET BY COUNTRY

6.1. North America Automotive LiDAR Market Revenue and Growth Rate, 2015 – 2026 ($Million)
6.2. North America Automotive LiDAR Market Revenue Share Comparison, 2015 & 2026 (%)
6.3. U.S.
6.3.1. U.S. Automotive LiDAR Market Revenue and Forecast By LiDAR Type, 2015 – 2026 ($Million)
6.3.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
6.4. Canada
6.4.1. Market Revenue and Forecast By LiDAR Type, 2015 – 2026 ($Million)
6.4.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)

CHAPTER 7. EUROPE AUTOMOTIVE LIDAR MARKET BY COUNTRY

7.1. Europe Automotive LiDAR Market Revenue and Growth Rate, 2015 – 2026 ($Million)
7.2. Europe Automotive LiDAR Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. UK
7.3.1. Market Revenue and Forecast By LiDAR Type, 2015 – 2026 ($Million)
7.3.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
7.4. Germany
7.4.1. Market Revenue and Forecast By LiDAR Type, 2015 – 2026 ($Million)
7.4.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
7.5. France
7.5.1. Market Revenue and Forecast By LiDAR Type, 2015 – 2026 ($Million)
7.5.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
7.6. Spain
7.6.1. Market Revenue and Forecast By LiDAR Type, 2015 – 2026 ($Million)
7.6.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
7.7. Rest of Europe
7.7.1. Market Revenue and Forecast By LiDAR Type, 2015 – 2026 ($Million)
7.7.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)

CHAPTER 8. ASIA-PACIFIC AUTOMOTIVE LIDAR MARKET BY COUNTRY

8.1. Asia-Pacific Automotive LiDAR Market Revenue and Growth Rate, 2015 – 2026 ($Million)
8.2. Asia-Pacific Automotive LiDAR Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. China
8.3.1. Market Revenue and Forecast By LiDAR Type, 2015 – 2026 ($Million)
8.3.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
8.4. Japan
8.4.1. Market Revenue and Forecast By LiDAR Type, 2015 – 2026 ($Million)
8.4.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
8.5. India
8.5.1. Market Revenue and Forecast By LiDAR Type, 2015 – 2026 ($Million)
8.5.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
8.6. Australia
8.6.1. Market Revenue and Forecast By LiDAR Type, 2015 – 2026 ($Million)
8.6.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
8.7. South Korea
8.7.1. Market Revenue and Forecast By LiDAR Type, 2015 – 2026 ($Million)
8.7.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
8.8. Rest of Asia-Pacific
8.8.1. Market Revenue and Forecast By LiDAR Type, 2015 – 2026 ($Million)
8.8.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)

CHAPTER 9. LATIN AMERICA AUTOMOTIVE LIDAR MARKET BY COUNTRY

9.1. Latin America Automotive LiDAR Market Revenue and Growth Rate, 2015 – 2026 ($Million)
9.2. Latin America Automotive LiDAR Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. Brazil
9.3.1. Market Revenue and Forecast By LiDAR Type, 2015 – 2026 ($Million)
9.3.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
9.4. Mexico
9.4.1. Market Revenue and Forecast By LiDAR Type, 2015 – 2026 ($Million)
9.4.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
9.5. Rest of Latin America
9.5.1. Market Revenue and Forecast By LiDAR Type, 2015 – 2026 ($Million)
9.5.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)

CHAPTER 10. MIDDLE EAST AUTOMOTIVE LIDAR MARKET BY COUNTRY

10.1. Middle East Automotive LiDAR Market Revenue and Growth Rate, 2015 – 2026 ($Million)
10.2. Middle East Automotive LiDAR Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. Saudi Arabia
10.3.1. Market Revenue and Forecast By LiDAR Type, 2015 – 2026 ($Million)
10.3.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
10.4. UAE
10.4.1. Market Revenue and Forecast By LiDAR Type, 2015 – 2026 ($Million)
10.4.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
10.5. Rest of Middle East
10.5.1. Market Revenue and Forecast By LiDAR Type, 2015 – 2026 ($Million)
10.5.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)

CHAPTER 11. AFRICA AUTOMOTIVE LIDAR MARKET BY COUNTRY

11.1. Africa Automotive LiDAR Market Revenue and Growth Rate, 2015 – 2026 ($Million)
11.2. Africa Automotive LiDAR Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. South Africa
11.3.1. Market Revenue and Forecast By LiDAR Type, 2015 – 2026 ($Million)
11.3.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
11.4. Egypt
11.4.1. Market Revenue and Forecast By LiDAR Type, 2015 – 2026 ($Million)
11.4.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
11.5. Rest of Africa
11.5.1. Market Revenue and Forecast By LiDAR Type, 2015 – 2026 ($Million)
11.5.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)

CHAPTER 12. COMPANY PROFILE

12.1. Luminar technologies Inc.
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Product Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. Innoviz Technologies Ltd.
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Product Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. Velodyne LiDAR Inc.
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Product Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. Continental AG
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Product Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. Infineon Technologies
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Product Portfolio
12.5.5. Key Developments
12.5.6. Strategies
12.6. LeddarTech
12.6.1. Company Snapshot
12.6.2. Overview
12.6.3. Financial Overview
12.6.4. Product Portfolio
12.6.5. Key Developments
12.6.6. Strategies
12.7. Ibeo Automotive Systems GmbH
12.7.1. Company Snapshot
12.7.2. Overview
12.7.3. Financial Overview
12.7.4. Product Portfolio
12.7.5. Key Developments
12.7.6. Strategies
12.8. Garmin Ltd.
12.8.1. Company Snapshot
12.8.2. Overview
12.8.3. Financial Overview
12.8.4. Product Portfolio
12.8.5. Key Developments
12.8.6. Strategies
12.9. Phantom Intelligence
12.9.1. Company Snapshot
12.9.2. Overview
12.9.3. Financial Overview
12.9.4. Product Portfolio
12.9.5. Key Developments
12.9.6. Strategies
12.10. Others
12.10.1. Company Snapshot
12.10.2. Overview
12.10.3. Financial Overview
12.10.4. Product Portfolio
12.10.5. Key Developments
12.10.6. Strategies

CHAPTER 13. RESEARCH APPROACH

13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope

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