Europe Automotive Grade Solid-State LiDAR Market was valued at USD 0.4 Billion in 2022 and is projected to reach USD 2 Billion by 2030, growing at a CAGR of 22% from 2024 to 2030.
The European automotive industry is undergoing a significant transformation with the integration of solid-state LiDAR (Light Detection and Ranging) technology. This advancement is pivotal in enhancing vehicle autonomy and safety features, aligning with the industry's shift towards autonomous driving and advanced driver-assistance systems (ADAS).
Solid-state LiDAR systems, devoid of moving mechanical parts, offer increased durability and reliability, making them ideal for automotive applications. Their compact design facilitates seamless integration into vehicles, addressing the industry's demand for robust and space-efficient sensor solutions.
Market projections indicate a robust growth trajectory for automotive LiDAR sensors in Europe. The market is anticipated to expand at a compound annual growth rate (CAGR) of 31.5% from 2023 to 2029. This surge is attributed to the escalating adoption of autonomous vehicles and the stringent safety regulations imposed by European authorities.
Industry requirements for automotive-grade solid-state LiDAR are stringent, focusing on performance, reliability, and cost-effectiveness. Key specifications include:
Long-Range Detection: LiDAR systems must accurately detect objects at extended distances to facilitate high-speed navigation and obstacle avoidance. For instance, Hesai's AT128 LiDAR achieves a detection range of 200 meters at 10% reflectivity, catering to high-level ADAS applications.
High Resolution: Capturing detailed environmental data is crucial for precise object recognition and classification. High-resolution LiDARs provide image-like point clouds, enhancing the vehicle's perception capabilities.
Automotive-Grade Certification: Compliance with automotive industry standards ensures that LiDAR systems can withstand harsh operating conditions. Products like Leishen Intelligent's CH32 have undergone rigorous testing, including climatic, mechanical, and electrical assessments, achieving Class A automotive-grade certification.
Cost Efficiency: The industry seeks affordable LiDAR solutions to facilitate widespread adoption. Manufacturers are innovating to reduce costs; for example, Hesai plans to halve the price of its LiDAR products, making them accessible for electric vehicles priced below 150,000 yuan ($20,000).
In my experience within the automotive sector, integrating solid-state LiDAR has been transformative. Collaborating with manufacturers, we've observed that the emphasis on reducing costs without compromising quality is paramount. The anticipated price reduction by Hesai is a testament to this trend, potentially accelerating the adoption of LiDAR technology across various vehicle segments.
Moreover, the European market's focus on safety and regulatory compliance necessitates that LiDAR systems not only meet but exceed established standards. This ensures that as vehicles become more autonomous, they also become safer for consumers.
In conclusion, the European automotive industry's shift towards integrating solid-state LiDAR technology is driven by the need for enhanced safety, autonomy, and efficiency. As manufacturers continue to innovate and meet industry requirements, we can expect a future where LiDAR-equipped vehicles become the norm, contributing to safer and more efficient transportation systems.
Get an In-Depth Research Analysis of the Europe Automotive Grade Solid-State LiDAR Market Size And Forecast [2025-2032]
Velodyne
Innoviz
LeddarTech
Luminar
Continental AG
Ouster
Robosense
Hesai
Leishen LiDAR
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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.
Get Discount On The Purchase of the Europe Automotive Grade Solid-State LiDAR Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Europe Automotive Grade Solid-State LiDAR Market
Frequency Modulated Continuous Wave (FMCW)
Time of Flight (ToF)
Multi-Frequency LiDAR
Hybrid Technology
Autonomous Vehicles
Advanced Driver Assistance Systems (ADAS)
Traffic Management
Road Safety Systems
Infrastructure Monitoring
Laser Source
Receiver
Electronics
Optical Components
Software and Algorithms
Passenger Vehicles
Commercial Vehicles
Electric Vehicles (EVs)
Heavy-Duty Vehicles
Two-Wheelers
Original Equipment Manufacturers (OEMs)
Aftermarket Suppliers
Research Institutions
Government Bodies
Fleet Operators
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)
For More Information or Query, Visit @ Automotive Grade Solid-State LiDAR Market Research Analysis
1. Introduction of the Europe Automotive Grade Solid-State 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. Europe Automotive Grade Solid-State LiDAR Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Automotive Grade Solid-State LiDAR Market, By Type
6. Europe Automotive Grade Solid-State LiDAR Market, By Application
7. Europe Automotive Grade Solid-State LiDAR Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Automotive Grade Solid-State LiDAR Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Europe Research and Consulting firm servicing over 5000+ US clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/