MEMS LiDAR Market size is estimated to be USD 1.2 Billion in 2024 and is expected to reach USD 3.5 Billion by 2033 at a CAGR of 12.8% from 2026 to 2033.
The MEMS LiDAR market was valued at approximately USD 1.3 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 24.5% from 2023 to 2030. This growth is driven by the increasing adoption of MEMS technology in autonomous vehicles, robotics, and industrial applications, as well as its advantages such as miniaturization, cost effectiveness, and high precision. North America held the largest share of the market in 2022, owing to significant investments in autonomous vehicle technology and defense applications. The region is expected to maintain its dominance, with the market anticipated to reach USD 5.8 billion by 2030, growing at a CAGR of 25.2%. Europe follows closely, with a market size of USD 0.9 billion in 2022 and a projected CAGR of 23.7% during the forecast period, driven by advancements in automotive and industrial sectors.
In Asia Pacific, the MEMS LiDAR market is witnessing rapid growth, primarily fueled by the booming automotive industry in countries such as China, Japan, and South Korea. The regions market size was valued at USD 0.6 billion in 2022 and is expected to expand at a CAGR of 26.1% through 2030. The rise in demand for MEMS LiDAR systems in smartphones, drones, and robotic applications is also contributing to the market expansion in this region. The Middle East and Africa (MEA) and Latin America are expected to experience moderate growth, with the MEMS LiDAR market in MEA projected to grow at a CAGR of 22.8%, and in Latin America at a CAGR of 21.9% through 2030, as these regions are gradually adopting MEMS LiDAR technology for surveillance and industrial uses.
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RoboSense
Shenzhen LeiShen Intelligent System
ZVISION
Preciseley Microtechnology Corporation
Mitsubishi Electric
Zhisensor
MicroVision
Maradin
Jenoptik
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global MEMS LiDAR Market
Time of Flight (ToF)
Phase Shift
Frequency Modulated Continuous Wave (FMCW)
Laser
Detector
Scanner
Optics
Electronic & Software
Automotive
Robotics
Mapping & Surveying
Industrial Automation
Consumer Electronics
Security & Surveillance
Agriculture
Automotive
Aerospace & Defense
Healthcare
Consumer Electronics
Industrial
Entertainment & Media
Short Range
Medium Range
Long Range
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global MEMS LiDAR Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global MEMS LiDAR Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global MEMS LiDAR Market, By Type
6. Global MEMS LiDAR Market, By Application
7. Global MEMS LiDAR Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global MEMS LiDAR Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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