Tag Archives: LiDAR for Automotive

LiDAR for Automotive Market Industry Share, Growth, Demands, Research and Analysis

LiDAR FOR AUTOMOTIVE MARKET, BY TECHNOLOGY (MECHANICAL AND SOLID STATE), APPLICATION (SEMI-AUTONOMOUS AND AUTONOMOUS), LOCATION (BUMPER AND GRILL, HEADLIGHT AND TAILLIGHT, AND ROOF AND UPPER PILLAR), IMAGE TYPE (2D AND 3D), AND VEHICLE TYPE—****** FORECAST TO 2030

MarketsandMarkets: The LiDAR for automotive market is expected to grow from an estimated USD 735.0 million in 2025 to a projected USD 2,557.3 million by 2030, at a CAGR of 28.32%, during the forecast period. The LiDAR market for automotive division is expected to register high growth rate due to its technological superiority over other available sensors in the automotive industry, such as RADAR and cameras. Factors such as the rising popularity of autonomous vehicles, government regulations for vehicle safety, and an increase in the adoption of ADAS technology by OEMs are driving the market for LiDAR.