Automotive LiDAR Market Size, Share an Growth Analysis, By Product Type (Aerial, Mobile, Terrestrial/Static, and Short-range), By Components (Laser, GPS/GNSS Receiver, Camera, Inertial Navigation System, and Micro Electro Mechanical System), By Application (Advanced Driver Assistance System (ADAS)(Adaptive Cruise Control and Automatic Emergency Braking), and Autonomous Cars)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2021-2027

The global Automotive LiDAR market gathered revenue around USD 300.9 Million in 2020 and market is set to grow USD 3.0 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 29.7% during the prediction period 2021 to 2027.

Growth Factors:

The market Development of semi-autonomous and autonomous vehicles, surge in investment and funding in LiDAR startups, and growing emphasis from the governments for ADAS incorporated vehicles have boosted the growth of the global automotive LiDAR market. However, high cost of LiDAR system, environmental constraints, and optical vulnerability hinder the market growth. On the contrary, advent of 4D LiDAR and rapid technological advancements in automotive LiDAR is expected to open new opportunities for the market players in the future.

Based on application, the semi-autonomous vehicle segment held the largest share in 2020, accounting for around two-thirds of the market. However, the autonomous vehicle segment is estimated to register the highest CAGR of 31.9% during the forecast period.

On the basis of technology, the solid-state LiDAR segment dominated the market in terms of revenue in 2020, contributing to nearly third-fourths of the market. However, the mechanical LiDAR segment is projected to portray the highest CAGR of 33.2% from 2021 to 2027.

Based on range, the short & mid-range segment held the largest share in 2020, accounting for more than two-thirds of the market. However, the long-range segment is estimated to register the highest CAGR of 34.9% during the forecast period.

This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Automotive LiDAR market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Automotive LiDAR market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.

Report Coverage

Report Scope Details
Market Size USD 3.0 Billion  by 2027
Growth Rate CAR  29.7% From 2021 to 2027
Base Year 2020
Forecast Period 2021 to 2027
Largest Market North America
Fastest Growing Market Asia Pacific
Segments  Covered Product Type, Components, Application and Region
Report coverage Growth Factors, Revenue Status, Competitive Landscape,  and Future Trends 
Companies Mentioned  LeosphereSaS, Airborne Hydrography AB, Faro Technologies Inc., Aerometric Inc., 3D Laser Mapping Inc., Mira Solutions Inc., Quanergy Systems, Inc., Optech Inc. (Teledyne Technologies)IBEO automotive systems GmbH,  Velodyne, LeicGeosystems Inc.

COVID-19 Impact Assessment on Market Landscape

The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.

Automotive LiDAR market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.

Regional analysis:

North America led the global automotive LiDAR market with significant revenue share in the year 2019. Administrative regulations forcing automobile manufacturers to compulsorily install certain automotive safety devices or technologies in both heavy and light weight vehicles in the region, expected to accelerate the growth of automotive LiDAR sales in the region. Furthermore, incorporation of LiDAR sensors in collision avoidance system and dynamic remote sensing application are the key trends shaping the future of automotive LiDAR industry.

On the other hand, Europe seeks lucrative growth opportunity during the forecast period. The region offers significant growth opportunities for the market players. Countries like UK and Germany are significantly integrating real-time image processing along with IoT technologies to LiDAR solutions. This provides numerous opportunities for the industry players to provide automotive LiDAR solutions enabled with upcoming technologies such as machine learning and Artificial Intelligence (AI). This helps the players in the European region to establish a strong grip on the significant market position.  

Competitive Rivalry

Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Some of the prominent players in the Automotive LiDAR Market include:  LeosphereSaS, Airborne Hydrography AB, Faro Technologies Inc., Aerometric Inc., 3D Laser Mapping Inc., Mira Solutions Inc., Quanergy Systems, Inc., Optech Inc. (Teledyne Technologies)IBEO automotive systems GmbH,  Velodyne, LeicGeosystems Inc.

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

By Product Type

  • Aerial
  • Mobile
  • Terrestrial/Static
  • Short-range

By Components

  • Laser
  • GPS/GNSS Receiver
  • Camera
  • Inertial Navigation System
  • Micro Electro Mechanical System

By Application

  • Advanced Driver Assistance System (ADAS)
    • Adaptive Cruise Control
    • Automatic Emergency Braking
  • Autonomous Cars

By Geography

North America

  • U.S.
  • Canada


  • Germany
  • France
  • United Kingdom
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Rest of Latin America

Middle East & Africa (MEA)

  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa

Highlights of the Report:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
  • Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
  • Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
  • Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market

Research Methodology

In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Automotive LiDAR market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.

Secondary resources referred to by analysts during the production of the Automotive LiDAR market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Automotive LiDAR markets more accurate and reliable.

Secondary Research

It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
  • In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Industry participants involved in this research study include:

  • CEOs, VPs, market intelligence managers
  • Procuring and national sales managers technical personnel, distributors and resellers
  • Research analysts and key opinion leaders from various domains

Key Points Covered in Automotive LiDAR market Study:

  • Growth of Automotive LiDAR in 2021
  • Market Estimates and Forecasts (2017-2027)
  •  Brand Share and Market Share Analysis
  •  Key Drivers and Restraints Shaping Market Growth
  •  Segment-wise, Country-wise, and Region-wise Analysis
  •  Competition Mapping and Benchmarking
  •  Recommendation on Key Winning Strategies
  •  COVID-19 Impact on Demand for Automotive LiDAR and How to Navigate
  •  Key Product Innovations and Regulatory Climate
  •  Automotive LiDAR Consumption Analysis
  •  Automotive LiDAR Production Analysis
  •  Automotive LiDAR and Management