The global automotive LiDAR market is projected to reach USD 9.59 billion by 2030, growing from USD 1.19 billion in 2024 at a CAGR of 41.6%.
The growth of the market can be attributed to the push of OEMs for a high level of vehicle autonomy, driving the integration of LiDAR systems into sensor suites alongside cameras and radars for improved perception and safety. Many OEMs are integrating LiDAR systems into their vehicles to achieve increased performance. For example, the Zeekr MIX MPV employs five LiDAR sensors for superior performance of its ADAS. Similarly, the BMW i7 has one LiDAR sensor, reflecting a more streamlined approach.
The 3D LiDAR is estimated to lead the automotive LiDAR market during the forecast period.
The 3D segment of the automotive LiDAR market is expected to witness the fastest growth over the forecast period, driven by the rising demand for advanced perception capabilities in autonomous and semi-autonomous vehicles. 2D LiDAR is gradually being eliminated from the market as it provides only a flat, two-dimensional view due to its limited number of channels, which restricts its ability to capture detailed spatial information. In contrast, 3D LiDAR, with its capability to generate rich three-dimensional point clouds, enables advanced algorithms such as 3D object detection and segmentation, making it far superior for applications in autonomous driving. LiDAR manufacturers are increasingly launching innovative products with 3D mapping technology to meet this demand. For instance, Quanergy Solutions, Inc. (US) unveiled its next-gen 3D LiDAR solutions, Q-Track HD, and Q-Track Dome sensors, at ISC West 2024, while Hesai Group (China) introduced the ATX LiDAR in April 2024, capable of 3D perception with a detection range of up to 300 meters. Premium vehicles like the Polestar 3 from Polestar (Sweden) feature long-range 3D LiDAR from Luminar Technologies, Inc. (US), highlighting the integration of this technology in high-end models. RoboSense Technology Co., Ltd.’s (China) HyperVision 1.0, an AI-powered 3D LiDAR point cloud solution, further underscores the role of 3D LiDAR in advancing autonomous driving. These developments showcase the increasing adoption of 3D LiDAR as a key enabler of enhanced safety and autonomy in vehicles.
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Solid-state LiDAR segment is projected to witness significant growth during the forecast period
The solid-state LiDAR segment is projected to lead the automotive LiDAR market during the forecast period. The segment’s growth is driven by the compact design of solid-state LiDAR systems, their cost efficiency, and their high durability compared to mechanical LiDAR systems. Unlike mechanical systems, solid-state LiDAR systems have fewer moving parts, which makes them resilient to wear and tear, vibration, and environmental challenges and enables their seamless integration into vehicle designs. Because of their reduced production costs and improved efficiency, solid-state LiDAR systems are used in robotaxis and advanced driver-assistance systems, which positions them as the preferred choice for the evolving automotive industry. Mercedes-Benz’s EQS, Xpeng’s P5, and NIO’s ET7 are equipped with solid-state LiDAR systems.
North America is expected to grow significantly during the forecast period
North America is poised for significant growth in the automotive LiDAR market during the forecast period, driven by rapid advancements in autonomous driving technologies, supportive regulations, and the strong presence of leading players. Companies such as Luminar Technologies, Inc. (US) and Seyond (US), along with robotaxi leaders like Waymo LLC (US) and Motional, Inc. (US), are spearheading LiDAR innovation in the region. General Motors’ (US) Super Cruise system, which combines cameras, sensors, GPS, and LiDAR-precision map data, is a standout example of advanced driver-assistance technology, now available in models like the Chevrolet Silverado EV and Cadillac Lyriq. Robotaxi companies are also leveraging LiDAR for enhanced autonomy, with Waymo LLC relying on LiDAR for its driverless vehicles, and Ouster Inc. (US) partnering with Motional, Inc. to integrate its LiDAR into IONIQ 5-based robotaxis. These developments, alongside growing investments in autonomous mobility and infrastructure, position North America as a key growth hub for the automotive LiDAR market.
Key Players
The major players in the automotive LiDAR market include RoboSense Technology Co., Ltd. (China), Hesai Group (China), Luminar Technologies, Inc. (US), Seyond (US), Huawei Technologies Co., Ltd. (China), Valeo (France), and Innoviz Technologies Ltd. (Israel).
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