The global LiDAR sensor automotive marketย is expected to grow fromย USD 735.0 millionย in 2025 to a projectedย USD 2,557.3 millionย by 2030, at a CAGR of 28.32%, during the forecast period.
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The market, by volume, is expected to reach 31,686.1 thousand units by 2030 owing to the technological superiority of LiDAR over other available sensors in the automotive industry, such as RADAR and cameras.
Factors such as the rising popularity of semi-autonomous vehicles, government regulations for vehicle safety, and an increase in the adoption of ADAS technology by OEMs are driving the LiDAR Sensor Automotive Market.
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According to this, theย semi-autonomous segment is estimated to hold the largest market share of the LiDAR Sensor Automotive Market due to factors such as an increase in the demand for driving safety features, the development of cost effective LiDAR solutions, and increasing government regulations.
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The 3D segment market is estimated to be the fastest growing market of theย LiDARย sensor automotive market, by image type due to the technological advantages over 2D LiDAR and an expected increased use of autonomous vehicle technology in the automotive industry.
The accuracy and performance of 3D LiDAR in autonomous vehicles are far superior to conventional solutions such as RADAR and camera.
The European market is estimated to be the largest market in the LiDARย Sensor Automotive Market
The European market is projected to be the largest market in the LiDAR Sensor Automotive Market as the testing of autonomous vehicles has begun in several countries in the region, such asย Germanyย andย France.
The investment in research and development in the European automotive industry is the largest worldwide, with about 180 automobile facilities across the region.
The European LiDAR Sensor Automotive Market is led by the market inย Germanyย owing to the increased demand for technologically advanced features in the country.
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Automotive RADAR Marketย by Range Type (Long Range RADAR and Short & Medium Range RADAR), Application (ACC, AEB, FCWS, BSD, and Intelligent Parking Assistance), Frequency (2X-GHz and 7X-GHz), Vehicle Type, and Region – Global Forecast to 2021.
Semi-Autonomous and Autonomous Vehicles Marketย by Technology, Components, Powertrain (Conventionalย Vehicle, Hybrid Vehicle, and Electric Vehicle) and Region – Global Forecast to 2021 & 2030.
