Automotive Lidar Industry Overview

The global automotive LiDAR Market size was valued at USD 504.2 million in 2023 and is estimated to grow at a CAGR of 9.4% from 2024 to 2030.

The automotive light detection and ranging (LiDAR) market is driven by the increasing adoption of autonomous and ADAS technologies, stricter safety regulations, technological advancements, and growing consumer demand for enhanced driving experiences. The rising adoption of autonomous and semi-autonomous vehicle technologies is a primary driver for the automotive LiDAR market. LiDAR sensors are crucial for the accurate perception and mapping of a vehicle's surroundings, which is essential for autonomous driving capabilities. Further, increased emphasis on vehicle safety and government regulations mandating advanced driver assistance systems (ADAS) is fostering the demand for automotive LiDAR systems.

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Ongoing improvements in LiDAR technology, such as reduced cost, increased resolution, and enhanced performance, are making LiDAR systems more accessible and attractive for automotive applications. Growing consumer awareness and demand for safety features and autonomous driving capabilities are driving the adoption of LiDAR-equipped vehicles. Continuous research and development efforts are focused on improving the performance, reliability, and cost-effectiveness of LiDAR sensors to make them more viable for mainstream automotive applications.

There is a significant increase in prominence of solid-state LiDAR solutions, which are more compact, cost-effective, and reliable compared to traditional mechanical LiDAR systems. This trend is driven by the need for scalable and integrated LiDAR solutions for mass-market adoption. The integration of LiDAR with other sensing technologies, such as cameras and radars, is becoming more prevalent. Sensor fusion enhances the overall perception capabilities and reliability of ADAS and autonomous driving systems.

The automotive industry is rapidly advancing towards higher levels of vehicle autonomy, with LiDAR playing a critical role in this evolution. LiDAR's integration with Adaptive Cruise Control (ACC) and Automatic Emergency Braking (AEB) systems is essential for vehicles progressing to Level 3 and Level 4 autonomy. Its ability to create detailed 3D maps of the surroundings enables accurate environmental perception, supporting informed decision-making in complex driving scenarios. As automakers develop more advanced autonomous vehicles, the demand for LiDAR technology in these safety systems is growing significantly. This trend is driving the need for increasingly sophisticated ACC and AEB systems that can meet both current and future autonomous driving requirements, ultimately accelerating growth in the Automotive LiDAR market.

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• The global LiDAR market size was valued at USD 1.81 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.8% from 2022 to 2030.
• The global semi-autonomous vehicle market size demand was valued at 14.22 million units in 2020. The market is expected to expand at a compound annual growth rate (CAGR) of 20.8% from 2021 to 2028.

Automotive Lidar Market Segmentation

Grand View Research has segmented the global Automotive LiDAR Market based on technology, application, propulsion type, vehicle type, and region:

Automotive LiDAR Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Mechanical LiDAR
• Solid-state LiDAR

Automotive LiDAR Application Outlook (Revenue, USD Million, 2018 - 2030)

• ADAS
  • Automatic Emergency Braking (AEB)
  • Adaptive Cruise Control (ACC)
• Autonomous Cars

Automotive LiDAR Propulsion Type Outlook (Revenue, USD Million, 2018 - 2030)

• Internal Combustion Engine (ICE) Vehicle
• Electric & Hybrid Vehicles

Automotive LiDAR Vehicle Type Outlook (Revenue, USD Million, 2018 - 2030)

• Passenger Cars
• Commercial Vehicles

Automotive LiDAR Regional Outlook (Revenue, USD Million, 2018 - 2030) 

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa (MEA) 
  • Kingdom of Saudi Arabia
  • UAE
  • South Africa

Key Companies profiled:

• Continental AG
• Denso Corporation
• Innoviz Technologies
• LeddarTech Inc.
• KUBOTA Corporation
• Quanergy Solutions, Inc.
• Robert Bosch GmbH
• Teledyne Geospatial
• Valeo
• Velodyne LiDAR, Inc.

Key Automotive Lidar Company Insights

The competitive landscape of the automotive LiDAR market is dynamic and characterized by a mix of established players, innovative startups, and new entrants. Major automotive OEMs and technology companies are increasingly investing in the vertical integration of LiDAR technology, aiming to have more control over the supply chain and differentiate their offerings. Partnerships and collaborations between LiDAR suppliers, automotive OEMs, and technology companies are becoming more prevalent to drive the adoption and integration of LiDAR in the automotive industry. As the technology matures, differentiation through software capabilities, manufacturing scalability, and integration expertise is becoming increasingly important in automotive LiDAR market.

Recent Developments

• In July 2024, Japanese automotive lighting manufacturer Koito Manufacturing Co., Ltd. entered into a definitive agreement to acquire Cepton, Inc., a U.S.-based LiDAR solutions provider. This strategic acquisition is expected to significantly bolster Koito's position in the automotive sensing market. By integrating Cepton's technology and expertise, Koito aims to enhance its capabilities in several key areas.
• In June 2023, Innoviz Technologies Ltd partnered with LOXO to deploy InnovizOne LiDAR units on LOXO delivery vehicles until 2024. LOXO will utilize Innoviz's automotive-grade LiDAR in zero-emission autonomous delivery vehicles. By integrating InnovizOne into LOXO vehicles, retailers can benefit from enhanced capabilities for streamlined and eco-friendly goods transportation. This collaboration aims to address the increasing demand in the autonomous last-mile delivery market, which is expected to grow to USD 5.9 billion by 2030.
• In April 2023, Cepton, Inc. introduced Komodo, its proprietary ASIC (Application-Specific Integrated Circuit) chip for lidar point cloud processing. This highly integrated custom SoC (System on Chip) is designed to optimize Cepton's patented lidar architecture, improving point cloud data quality and lowering costs by replacing multiple off-the-shelf silicon components. By utilizing dedicated ASICs, Cepton is positioning its lidar products for widespread deployment in future vehicles, meeting the cost targets required by automotive OEMs for mass-market adoption.

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