Automotive LiDAR Sensor Market Share, Size, Growth, Opportunity and Forecast Till 2022-2031

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Shibuya Data Count

Jun 23, 2022, 09:58 EST

Shibuya-ku, Tokyo, Japan, Japan, Jun 23, 2022, 09:58 /Comserve / -- Automotive LiDAR Sensor Market Research Insights with Upcoming Trends, Opportunities, Competitive Analysis, Forecast to 2022-2031

The Automotive LiDAR Sensor market size was more than $151.9 million in 2018 and is estimated to witness a lucrative growth of over 39.0% during the forecast period.

Growing demand for semi-autonomous vehicles is the key growth factor for global automotive LiDAR sensor market. In addition, rising vehicle safety regulations across the globe along with increase in the adoption of ADAS technologies by OEMs is further projected to upsurge the automotive LiDAR sensor market growth in the coming years.

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Based on Type the automotive LiDAR sensor market is bifurcated into mechanical and solid state. Solid state segment is anticipated to drive the market growth in the recent years growing at a CAGR of 40.0% during the forecast period, reaching 1,083.9 million by 2026.
Automotive LiDAR Sensor market based on Vehicle Type is categorized into Autonomous and semi-autonomous. Autonomous segment held the largest market share accounting for more than 57.8% in 2018 and is anticipated to continue its dominance during the projected time frame. Semi-autonomous segment is expected to boost in the coming years and account for $1,889.3 million, growing at a CAGR of 39.2% by 2026.

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Depending on the region, the market is segregated into North America, Europe, Asia-Pacific and LAMEA. North America accounted for $86.6 million in 2018 and is estimated to generate a revenue of $1,369.2 million by 2026. Europe region was valued at $ 31.9 million in 2018 and is estimated to generate a revenue of $552.3 million by 2026, growing at a CAGR of 40.3% during the projected timeframe.
Automotive LiDAR Sensor market players include Robert Bosch GmbH, Continental AG, Denso Corp, First Sensor AG, Hella KGaA Hueck & Co., Laddartech, Novariant, Inc., Phantom Intelligence, Quanergy Systems, Inc. and Velodyne LiDAR, Inc. among many others.

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