LiDAR for Automotive Market worth 2,557.3 Million USD by 2030

The report "LiDAR for Automotive Market by Technology (Mechanical and Solid State), Application (Semi-Autonomous and Autonomous), Location (Bumper and Grill, Headlight and Taillight, and Roof and Upper Pillar), Image Type (2D and 3D), and Vehicle Type - Global Forecast to 2030", The LiDAR for automotive market is expected to grow from an estimated USD 735.0 Million in 2025 to a projected USD 2,557.3 Million by 2030, at a CAGR of 28.32%, during the forecast period. The LiDAR market for automotive division is expected to register high growth rate due to its technological superiority over other available sensors in the automotive industry, such as RADAR and cameras. Factors such as the rising popularity of autonomous vehicles, government regulations for vehicle safety, and an increase in the adoption of ADAS technology by OEMs are driving the market for LiDAR.

The following are the Major Objectives of the study.

• To define, segment, and forecast the automotive LiDAR market (2016–2021) in terms of volume (‘000 units) and value (USD million)
• To provide a detailed analysis of various forces acting in the automotive LiDAR market (drivers, restraints, opportunities, and challenges)
• To analyze the regional markets for growth trends, future prospects, and their contribution to the overall market
• To segment the market and forecast its size, by application, by type, by location, by image type, by vehicle type, and by region—namely, North America, Europe, the Asia-Pacific and the Rest of the World
• To segment the automotive LiDAR market and forecast the market size, by volume and value, based on application into semi-autonomous vehicles and autonomous vehicles
• To segment the automotive LiDAR market and forecast the market size, by volume and value, based on type – solid state, flash, and scanning/mechanical
• To segment the automotive LiDAR market and forecast the market size, by volume and value, based image type – 2D and 3D
• To segment the automotive LiDAR market and forecast the market size, by volume and value, based on passenger car type – internal combustion engine (ICE), battery electric vehicle (BEV), and hybrid

To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants

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MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year