Automotive 3D Light Detection and Ranging (LiDAR) Market size is estimated to be USD 1.2 Billion in 2024 and is expected to reach USD 4.5 Billion by 2033 at a CAGR of 16.5% from 2026 to 2033.
The global Automotive 3D Light Detection and Ranging (LiDAR) market was valued at approximately USD 1.8 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 24.5% from 2023 to 2030. North America accounted for the largest market share in 2022, contributing nearly 45% of the total market value, driven by the rapid advancements in autonomous vehicle technology and strong investments in LiDAR systems. The European market also saw significant growth, with an estimated market size of USD 0.6 billion in 2022, reflecting the region's growing interest in electric vehicles and autonomous driving solutions. Meanwhile, the Asia Pacific market is expected to witness the fastest growth during the forecast period, driven by increasing demand for automotive safety technologies and the rapid development of smart city initiatives in countries like China and Japan.
Regional analysis reveals that North America is expected to continue leading the Automotive 3D LiDAR market due to ongoing partnerships with automotive manufacturers and technology providers. The market in Europe is projected to expand at a steady rate, supported by government initiatives promoting vehicle safety and environmental sustainability. The Asia Pacific region, particularly China, is poised to emerge as a key player in the automotive LiDAR market due to its growing automotive production and technological advancements. The Middle East and Africa, as well as Latin America, are anticipated to have smaller but noticeable market shares, driven by increasing interest in advanced driver-assistance systems (ADAS) and autonomous vehicles in these regions. The overall market is expected to continue expanding as LiDAR technology becomes more affordable and integrated into mainstream automotive applications.
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Trimbel
Hexagon AB
Sick AG
Topcon
Velodyne
Riegl
Valeo
Leosphere
Innovusion
Hesai
Ibeo
Ouster
LeddarTech
Robosense
Luminar
Beijing Wanji Technology
SureStar
Continental
LeiShen Intelligent System
Benewake
Quanergy
Cepton
Waymo
Huwei
Denso
Encradar
FaseLase
Innoviz
Aeva
Faro
BEA Sensor
Hokuyo
ASC
Livox
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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 Automotive 3D Light Detection and Ranging (LiDAR) Market
Solid-State LiDAR
FMCW (Frequency-Modulated Continuous Wave) LiDAR
Pulsed LiDAR
Hybrid LiDAR
Laser Source
Scanner
GPS Receiver
Inertial Measurement Unit (IMU)
Electronic Control Unit (ECU)
Autonomous Vehicles
Driver Assistance Systems (ADAS)
Fleet Management
Mapping and Surveying
Passenger Cars
Commercial Vehicles
Electric Vehicles (EVs)
Heavy-duty Trucks
Short Range (up to 100 meters)
Medium Range (100 to 250 meters)
Long Range (more than 250 meters)
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 Automotive 3D Light Detection and Ranging (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 Automotive 3D Light Detection and Ranging (LiDAR) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive 3D Light Detection and Ranging (LiDAR) Market, By Type
6. Global Automotive 3D Light Detection and Ranging (LiDAR) Market, By Application
7. Global Automotive 3D Light Detection and Ranging (LiDAR) Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Automotive 3D Light Detection and Ranging (LiDAR) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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