Automotive LiDAR Sensors Market By Product Type (Mechanical LiDAR, Solid-state LiDAR), By Application (Semi-autonomous Vehicle, Autonomous Vehicle) - Growth, Future Prospects & Competitive Analysis, 2019 – 2027
Overview:
The global automotive LiDAR sensors market is expected to reach at US$ 919.6 Mn with a CAGR of 19.87% during the forecast period from 2019 to 2027. Automotive LiDAR sensors are used in semi-autonomous and autonomous vehicles to enhance their navigation capability. LiDAR is a sensing method which creates a 3D map of the surrounding by detecting people and objects around the vehicle. It assesses the speed and route at which these objects are moving. Using this information, an on-board computer system can determine the safest way for vehicle to move forward. Integration of state-of-the-art systems such as collision warning and avoidance units, lane-keeping and departure warning units coupled with increasing investments in autonomous vehicles by established Tech giants such as Apple Inc., Google Inc. and Innoviz Technologies, Ltd. is driving the growth of automotive LiDAR sensors market worldwide. For instance, in June 2019, Innoviz Technologies, Ltd. has raised US$ 170 Mn in its series C funding round which will strengthen its position in the LiDAR market.
Today, people are inclined towards more comfort, safety and technology in their vehicles due to which they are switching to technologically advanced semi-autonomous and autonomous vehicles. These vehicles comprise of advanced driver-assistance systems (ADAS) which provide blind spot detection, night vision, and cross traffic warning, etc., aiding driver in decision making and offering the relaxed driving experience to the driver.
Overall, the combination of these advanced technologies will help in eliminating accidents caused due to human errors. As a result, the growing demand for semi-autonomous and autonomous vehicles is projected to facilitate the growth of automotive LiDAR sensors market in the years to come.
"Solid-state LiDAR Sensors accounted for the Largest Market Share in 2018"
Solid-state LiDAR sensors are amongst the advanced type of LiDAR sensors. The segment captured the largest market share in 2018 and is expected to reign during the forecast period from 2018 to 2026. Being built on a micro-chip, these sensors are compact in size and have no moving parts like rotating mirror and optical rotating encoder which are present in mechanical LiDAR sensors. As a result, solid-state LiDAR sensors are more resilient to vibration. Solid-state LiDAR sensors are lightweight and are more compact as compared to mechanical LiDAR sensors. Where mechanical LiDAR sensors are required to be physically moved to change its direction, solid-state LiDAR sensors are capable of adjusting their direction by changing its pattern of optical emission to map the surrounding. This makes it attractive for car designer as it eliminates the need for bulky spinning LiDAR sensors mounted on a vehicle. In terms of cost, solid-state LiDAR sensors are cost-effective when compared with mechanical LiDAR sensors. Therefore, the cost of vehicle that comprises solid-state LiDAR sensors is expected to be cheaper than the one with mechanical LiDAR sensors. As a result, the growing preference for solid-state LiDAR sensors across the automotive industry is expected to drive the segment growth in the years to come.
"North America Garnered Largest Market Share in 2018"
North American region is house to many LiDAR manufacturing companies like Velodyne Lidar, Luminar Technologies, Inc., Ouster, Inc. and Quanergy Systems, Inc., LeddarTech, etc. These well-established companies are heavily investing in autonomous technologies to grab the large pie of the market. Also, the governments of countries in this region has strict regulations for vehicle safety. In the U.S. and Canada, it is mandatory to install electronic stability control (ESC), forward collision warning and automatic emergency system (AEB) in vehicles. Also, awareness among people about road safety and vehicle performance is driving the market for automotive LiDAR sensors in North America.
Competitive Insights
Major players profiled in automotive LiDAR sensors market study include LeddarTech, Velodyne Lidar, Quanergy Systems, Inc., Luminar Technologies, Inc., Innoviz Technologies, Ltd., Waymo LLC, Ibeo Automotive Systems GmbH, Mobileye, Valeo S.A., Continental AG, Oryx Vision, Ouster, Inc., and TriLumina. These companies are partnering with other automotive manufacturing companies for gaining an upper hand in the market. For instance, in April 2018, Innoviz Technologies, Ltd. announced its partnership with Magna International Inc. for providing its solid-state LiDAR to BMW Group. Additionally, in June 2018, Volvo Tech Funds invested in Luminar Technologies, Inc. for developing LiDAR sensors and testing it on Volvo cars.
Historical & Forecast Period
The research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
Automotive LiDAR sensors market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global automotive LiDAR sensors market based on product type, application, and geography. Key segments covered in the report are as follows:
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2017-2027 |
| Base Year | 2018 |
| Forecast Period | 2019-2027 |
| Historical Year | 2017 |
| Unit | USD Million |
| Segmentation |
Product Type Segment (2017-2027; US$ Mn) |
|
Application Segment (2017-2027; US$ Mn) |
|
|
Geography Segment (2017-2027; US$ Mn) |
Key questions answered in this report
- What was the market size of automotive LiDAR sensors market in 2017 and forecast up to 2027?
- What are the key factors driving the global automotive LiDAR sensors market?
- What are the key market trends and high-growth opportunities observed in the automotive LiDAR sensors market?
- What are the drivers of the automotive LiDAR sensors market?
- Which is the largest regional market for automotive LiDAR sensors market?
- Which segment will grow at a faster pace? Why?
- Which region will drive the market growth? Why?
- Which players are leading the automotive LiDAR sensors market?
- What are the sustainability strategies adopted by the key players operating in the market?
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted
1.3.5.1. Top-Down Approach
1.3.5.2. Bottom-Up Approach
2. Executive Summary
2.1. Market Snapshot: Global ALS Market
2.2. Global ALS Market, by Product Type, 2018 (US$ Mn)
2.3. Global ALS Market, by Application, 2018 (US$ Mn)
2.4. Global ALS Market, by Geography, 2018 (US$ Mn)
3. Market Dynamics
3.1. Product and Market Insights
3.1.1. Global ALS Market Value, 2017 – 2027, (US$ Mn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Challenges
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key ALS Players, 2018
3.4.1. Major Strategies Adopted by Key Players
4. Global Automotive LiDAR Sensors (ALS) Market, by Product Type , 2017 – 2027 (US$ Mn)
4.1. Overview
4.2. Mechanical LiDAR
4.3. Solid-state LiDAR
5. Global Automotive LiDAR Sensors (ALS) Market, by Application, 2017 – 2027 (US$ Mn)
5.1. Overview
5.2. Semi-autonomous Vehicle
5.3. Autonomous Vehicle
6. North America Automotive LiDAR Sensors (ALS) Market Analysis, 2017 – 2027 (US$ Mn)
6.1. Overview
6.1.1. North America ALS Market Value and Growth, 2017 – 2027, (US$ Mn)
6.2. North America ALS Market Value, By Product Type, 2017 – 2027 (US$ Mn)
6.2.1. Market Analysis
6.3. North America ALS Market Value, By Application, 2017 – 2027 (US$ Mn)
6.3.1. Market Analysis
6.4. North America ALS Market Value, By Region/Country, 2017 – 2027 (US$ Mn)
6.4.1. Market Analysis
6.4.2. U.S.
6.4.2.1. U.S. ALS Market Value, By Product Type, 2017 – 2027 (US$ Mn)
6.4.2.2. U.S. ALS Market Value, By Application, 2017 – 2027 (US$ Mn)
6.4.3. Rest of North America
6.4.3.1. Rest of North America ALS Market Value, By Product Type, 2017 – 2027 (US$ Mn)
6.4.3.2. Rest of North America ALS Market Value, By Application, 2017 – 2027 (US$ Mn)
7. Europe Automotive LiDAR Sensors (ALS) Market Analysis, 2017 – 2027 (US$ Mn)
7.1. Overview
7.1.1. Europe ALS Market Value and Growth, 2017 – 2027, (US$ Mn)
7.2. Europe ALS Market Value, By Product Type, 2017 – 2027 (US$ Mn)
7.2.1. Market Analysis
7.3. Europe ALS Market Value, By Application, 2017 – 2027 (US$ Mn)
7.3.1. Market Analysis
7.4. Europe ALS Market Value, By Region/Country, 2017 – 2027 (US$ Mn)
7.4.1. Market Analysis
7.4.2. U.K.
7.4.2.1. U.K. ALS Market Value, By Product Type, 2017 – 2027 (US$ Mn)
7.4.2.2. U.K. ALS Market Value, By Application, 2017 – 2027 (US$ Mn)
7.4.3. Germany
7.4.3.1. Germany ALS Market Value, By Product Type, 2017 – 2027 (US$ Mn)
7.4.3.2. Germany ALS Market Value, By Application, 2017 – 2027 (US$ Mn)
7.4.4. France
7.4.4.1. France ALS Market Value, By Product Type, 2017 – 2027 (US$ Mn)
7.4.4.2. France ALS Market Value, By Application, 2017 – 2027 (US$ Mn)
7.4.5. Rest of Europe
7.4.5.1. Rest of Europe ALS Market Value, By Product Type, 2017 – 2027 (US$ Mn)
7.4.5.2. Rest of Europe ALS Market Value, By Application, 2017 – 2027 (US$ Mn)
8. Asia Pacific Automotive LiDAR Sensors (ALS) Market Analysis, 2017 – 2027 (US$ Mn)
8.1. Overview
8.1.1. Asia Pacific ALS Market Value and Growth, 2017 – 2027, (US$ Mn)
8.2. Asia Pacific ALS Market Value, By Product Type, 2017 – 2027 (US$ Mn)
8.2.1. Market Analysis
8.3. Asia Pacific ALS Market Value, By Application, 2017 – 2027 (US$ Mn)
8.3.1. Market Analysis
8.4. Asia Pacific ALS Market Value, By Region/Country, 2017 – 2027 (US$ Mn)
8.4.1. Market Analysis
8.4.2. Japan
8.4.2.1. Japan ALS Market Value, By Product Type, 2017 – 2027 (US$ Mn)
8.4.2.2. Japan ALS Market Value, By Application, 2017 – 2027 (US$ Mn)
8.4.3. China
8.4.3.1. China ALS Market Value, By Product Type, 2017 – 2027 (US$ Mn)
8.4.3.2. China ALS Market Value, By Application, 2017 – 2027 (US$ Mn)
8.4.4. India
8.4.4.1. India ALS Market Value, By Product Type, 2017 – 2027 (US$ Mn)
8.4.4.2. India ALS Market Value, By Application, 2017 – 2027 (US$ Mn)
8.4.5. Rest of Asia Pacific
8.4.5.1. Rest of Asia Pacific ALS Market Value, By Product Type, 2017 – 2027 (US$ Mn)
8.4.5.2. Rest of Asia Pacific ALS Market Value, By Application, 2017 – 2027 (US$ Mn)
9. Rest of the World Automotive LiDAR Sensors (ALS) Market Analysis, 2017 – 2027 (US$ Mn)
9.1. Overview
9.1.1. Rest of the World ALS Market Value and Growth, 2017 – 2027, (US$ Mn)
9.2. Rest of the World ALS Market Value, By Product Type, 2017 – 2027 (US$ Mn)
9.2.1. Market Analysis
9.3. Rest of the World ALS Market Value, By Application, 2017 – 2027 (US$ Mn)
9.3.1. Market Analysis
9.4. Rest of the World ALS Market Value, By Region, 2017 – 2027 (US$ Mn)
9.4.1. Market Analysis
9.4.2. Middle East & Africa
9.4.2.1. Middle East & Africa ALS Market Value, By Product Type, 2017 – 2027 (US$ Mn)
9.4.2.2. Middle East & Africa ALS Market Value, By Application, 2017 – 2027 (US$ Mn)
9.4.3. Latin America
9.4.3.1. Latin America ALS Market Value, By Product Type, 2017 – 2027 (US$ Mn)
9.4.3.2. Latin America ALS Market Value, By Application, 2017 – 2027 (US$ Mn)
10. Company Profiles
10.1. LeddarTech
10.2. Velodyne Lidar
10.3. Quanergy Systems, Inc.
10.4. Luminar Technologies, Inc.
10.5. Innoviz Technologies, Ltd.
10.6. Waymo LLC
10.7. Ibeo Automotive Systems GmbH
10.8. Mobileye
10.9. Valeo S.A.
10.10. Continental AG
10.11. Oryx Vision
10.12. Ouster, Inc.
10.13. TriLumina
* Here we are using ALS as a short form of Automotive LiDAR Sensors
TABLE 1 Market Snapshot: Global Automotive LiDAR Sensors (ALS) Market Value
TABLE 2 North America ALS Market, by Product Type, 2017-2027, (US$ Mn)
TABLE 3 North America ALS Market, by Application, 2017 – 2027, (US$ Mn)
TABLE 4 North America ALS Market, by Region/Country, 2017 - 2027, (US$ Mn)
TABLE 5 U.S. ALS Market Value, Product Type, 2017 - 2027, (US$ Mn)
TABLE 6 U.S. ALS Market Value, Application, 2017 - 2027, (US$ Mn)
TABLE 7 Rest of North America ALS Market Value, Product Type, 2017 - 2027, (US$ Mn)
TABLE 8 Rest of North America ALS Market Value, Application, 2017 - 2027, (US$ Mn)
TABLE 9 Europe ALS Market, by Product Type, 2017-2027, (US$ Mn)
TABLE 10 Europe ALS Market, by Application, 2017 – 2027, (US$ Mn)
TABLE 11 Europe ALS Market, by Region/Country, 2017 – 2027, (US$ Mn)
TABLE 12 U.K. ALS Market Value, Product Type, 2017 - 2027, (US$ Mn)
TABLE 13 U.K. ALS Market Value, Application, 2017 - 2027, (US$ Mn)
TABLE 14 Germany ALS Market Value, Product Type, 2017 - 2027, (US$ Mn)
TABLE 15 Germany ALS Market Value, Application, 2017 - 2027, (US$ Mn)
TABLE 16 France ALS Market Value, Product Type, 2017 - 2027, (US$ Mn)
TABLE 17 France ALS Market Value, Application, 2017 - 2027, (US$ Mn)
TABLE 18 Rest of Europe ALS Market Value, Product Type, 2017 - 2027, (US$ Mn)
TABLE 19 Rest of Europe ALS Market Value, Application, 2017 - 2027, (US$ Mn)
TABLE 20 Asia Pacific ALS Market, by Product Type, 2017-2027 (US$ Mn)
TABLE 21 Asia Pacific ALS Market, by Application, 2017 – 2027 (US$ Mn)
TABLE 22 Asia Pacific ALS Market, by Region/Country, 2017 – 2027, (US$ Mn)
TABLE 23 Japan ALS Market Value, by Product Type, 2017-2027 (US$ Mn)
TABLE 24 Japan ALS Market Value, by Application, 2017 – 2027 (US$ Mn)
TABLE 25 China ALS Market Value, by Product Type, 2017-2027 (US$ Mn)
TABLE 26 China ALS Market Value, by Application, 2017 – 2027 (US$ Mn)
TABLE 27 India ALS Market Value, by Product Type, 2017-2027 (US$ Mn)
TABLE 28 India ALS Market Value, by Application, 2017 – 2027 (US$ Mn)
TABLE 29 Rest of Asia Pacific ALS Market Value, by Product Type, 2017-2027 (US$ Mn)
TABLE 30 Rest of Asia Pacific ALS Market Value, by Application, 2017-2027 (US$ Mn)
TABLE 31 Rest of the World ALS Market, by Product Type, 2017 - 2027, (US$ Mn)
TABLE 32 Rest of the World ALS Market, by Application, 2017 – 2027, (US$ Mn)
TABLE 33 Rest of the World ALS Market, by Region, 2017 - 2027, (US$ Mn)
TABLE 34 Middle East and Africa ALS Market Value, by Product Type, 2017-2027 (US$ Mn)
TABLE 35 Middle East and Africa ALS Market Value, by Application, 2017 – 2027 (US$ Mn)
TABLE 36 Latin America ALS Market Value, by Product Type, 2017-2027 (US$ Mn)
TABLE 37 Latin America ALS Market Value, by Application, 2017 – 2027 (US$ Mn)
TABLE 38 LeddarTech: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 39 Velodyne Lidar: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 40 Quanergy Systems, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 41 Luminar Technologies, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 42 Innoviz Technologies, Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 43 Waymo LLC: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 44 Ibeo Automotive Systems GmbH: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 45 Mobileye: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 46 Valeo S.A.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 47 Continental AG: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 48 Oryx Vision: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 49 Ouster, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 50 TriLumina: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
FIG. 1 Global Automotive LiDAR Sensors (ALS) Market Segmentation
FIG. 2 Global ALS Market: Research methodology
FIG. 3 Market Size Estimation – Top Down & Bottom up Approach
FIG. 4 Global ALS Market, by Product Type, 2018, (US$ Mn)
FIG. 5 Global ALS Market, by Application, 2018, (US$ Mn)
FIG. 6 Global ALS Market, by Geography, 2018 (US$ Mn)
FIG. 7 Global ALS Market Value, 2017 - 2027, (US$ Mn) and (Y-o-Y %)
FIG. 8 Attractive Investment Proposition, by Geography, 2018
FIG. 9 Global Market Positioning of Key ALS Providers, 2018
FIG. 10 Global ALS Market Value Share, by Product Type, 2018 & 2027 (Value %)
FIG. 11 Global Mechanical LiDAR Sensors Market Value, 2017 – 2027, (US$ Mn)
FIG. 12 Global Solid-state LiDAR Sensors Market Value, 2017 – 2027, (US$ Mn)
FIG. 13 Global ALS Market Value Share, by Application, 2018 & 2027 (Value %)
FIG. 14 Global ALS Market Value for Semi-autonomus Vehicle, 2017 – 2027, (US$ Mn)
FIG. 15 Global ALS Market Value for Autonomous Vehicle, 2017 – 2027, (US$ Mn)
FIG. 16 North America ALS Market Value, 2017 – 2027, (US$ Mn)
FIG. 17 U.S. ALS Market Value, 2017 – 2027, (US$ Mn)
FIG. 18 Rest of North America ALS Market Value, 2017 – 2027, (US$ Mn)
FIG. 19 Europe ALS Market Value, 2017 – 2027, (US$ Mn)
FIG. 20 U.K. ALS Market Value, 2017 – 2027, (US$ Mn)
FIG. 21 Germany ALS Market Value, 2017 – 2027, (US$ Mn)
FIG. 22 France ALS Market Value, 2017 – 2027, (US$ Mn)
FIG. 23 Rest of Europe ALS Market Value, 2017 – 2027, (US$ Mn)
FIG. 24 Asia Pacific ALS Market Value, 2017 – 2027, (US$ Mn)
FIG. 25 Japan ALS Market Value, 2017 – 2027, (US$ Mn)
FIG. 26 China ALS Market Value, 2017 – 2027, (US$ Mn)
FIG. 27 India ALS Market Value, 2017 – 2027, (US$ Mn)
FIG. 28 Rest of Asia Pacific ALS Market Value, 2017 – 2027, (US$ Mn)
FIG. 29 Rest of the World ALS Market Value, 2017 – 2027, (US$ Mn)
FIG. 30 Middle East & Africa ALS Market Value, 2017 – 2027, (US$ Mn)
FIG. 31 Latin America ALS Market Value, 2017 – 2027, (US$ Mn)
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