Automotive LiDAR Sensors Market to Record a CAGR of 17%, North America to be Largest Contributor to Market Growth - Technavio

NEW YORK, Sept. 2, 2022 /PRNewswire/ -- LiDAR sensors detect the distance of an object or obstacle by illuminating the target with a beam of laser. In the automotive industry, LiDAR sensors are primarily used for the development of autonomous vehicles and advanced ADAS features.

The automotive LiDAR sensors market size is expected to grow by USD 318.57 million from 2020 to 2025. Moreover, the growth momentum of the market will accelerate at a CAGR of 17% during the forecast period.

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The automotive LiDAR sensors market report covers the following areas:

• Automotive LiDAR Sensors Market Size
• Automotive LiDAR Sensors Market Trends
• Automotive LiDAR Sensors Market Industry Analysis

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The automotive LiDAR sensors market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market. Continental AG, Denso Corp., Hella GmbH & Co. KGaA, Infineon Technologies AG, LeddarTech Inc., Neptec Technologies Corp., Quanergy Systems Inc., Valeo SA, Velodyne LiDAR Inc., and ZF Friedrichshafen AG are among some of the major market participants. The key offerings of a few of these vendors are mentioned below:

• Continental AG - The company offers High-Resolution 3D Flash LiDAR, which is a short-range sensor used in the automotive industry.
• Denso Corp. - The company develops LiDAR for automotive OEMs across the world.
• Hella GmbH & Co. KGaA - The company produces iDAR, which is a new form of intelligent data collection that fuses 1,550 nanometer (nm), solid-state agile LiDAR with a low-light HD camera and embedded AI to intelligently capture data at the sensor level.
• Infineon Technologies AG - The company manufactures LiDAR sensors for automotive OEMs.
• LeddarTech Inc. - The company manufactures LiDAR solutions for the automotive industry.

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• Application
• ADAS: This segment will be the largest contributor to market growth during the forecast period. The adoption of advanced telematics, such as ADAS, is increasing across all segments of vehicles in the automotive market.
• Autonomous Vehicle
• Geography
• North America: This region will account for 34% of the market's growth during the forecast period. This growth is attributed to factors such as the high popularity of LiDAR sensors in the automotive industry. However, market growth in this region will be slower than the growth of the market in other regions. The US is a key country for the automotive LiDAR sensors in North America.
• Europe
• APAC
• MEA
• South America

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will assist automotive LiDAR sensors market growth during the next five years
• Estimation of the automotive LiDAR sensors market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive LiDAR sensors market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automotive LiDAR sensors market vendors

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Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2020
• Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

• Five Forces Summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Application

• Market segments
• Comparison by Application
• ADAS - Market size and forecast 2020-2025
• Autonomous vehicle - Market size and forecast 2020-2025
• Market opportunity by Application

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2020-2025
• Europe - Market size and forecast 2020-2025
• APAC - Market size and forecast 2020-2025
• MEA - Market size and forecast 2020-2025
• South America - Market size and forecast 2020-2025
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Continental AG
• Denso Corp.
• Hella GmbH & Co. KGaA
• Infineon Technologies AG
• LeddarTech Inc.
• Neptec Technologies Corp. 
• Quanergy Systems Inc.
• Valeo SA
• Velodyne LiDAR Inc.
• ZF Friedrichshafen AG

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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