Vehicle Lidar Sensor Market Analysis By Type(Time of Flight (ToF), Frequency Modulated Continuous Wave (FMCW)), By Technology(Solid State, Electro-mechanical), By Application(Advanced Driver Assistance System (ADAS), Autonomous vehicle) & Forecast 2024-2035
- PUBLISHED ON
- 10/11/2022
- NO OF PAGES
- 223
- CATEGORY
- Automotive & Transportation
The global vehicle Lidar sensor market size was valued at US$ 7.9 Billion in 2021, and anticipated to grow at a CAGR of 35.2% over the forecast period.
The suite of sensors needed for highly automated driving solutions is to be completed by vehicle LiDAR (Light Distance and Ranging) sensors. Various sensors are used to provide environmental (including object identification and tracking) and localization perception inputs for automated driving route planning and vehicle management in advanced driver assistance systems (ADAS).
Due to the enormous advancement made over the past years, autonomous vehicles has been entering a pre-industrialization phase. Sensors first gather information about the environment, which perception algorithms then utilise to construct the immediate environment of the vehicle for autonomous vehicle navigation. An autonomous vehicle navigation perception system would include active and passive sensors, such as cameras, radars, and LiDARs (Light detection and ranging). LiDARs are active sensors that use lasers to illuminate their surroundings. By analysing the received laser returns from the reflecting surfaces, ranges are precisely measured.
Increasing demand for semi-autonomous and fully autonomous vehicles is one of prime factor that trigger the global vehicle LiDAR sensor market. Increase in adoption of automotive safety features along with stringent government norms for mandatory installation of specific safety systems in vehicles such as Automatic Emergency Braking Systems. For instance, the governments of the UK and the US have made it mandatory for vehicles to be equipped with AEB and Adaptive Cruise Control (ACC) systems.
Additionally, vertical integration in the market offers the producers a number of advantages, including cheap labour costs due to access to a highly competitive global labour market, direct procurement of raw materials, and shortened delivery and production times. By providing a variety of vertical integration services, including component design and customisation, this significantly improves the value of the supply chain.
High cost, reduced performance in heavy rain or snow is anticipated to hamper the market growth during the projected period. Although, advances in technology and production efficiencies will reduced the high costs of LiDAR as automakers have begun to incorporate the technology into its suite of ADAS sensors. The increasing adoption of LiDAR technology within the different levels of automation is expected to create lucrative opportunities for the growth of automobile LiDARs in the forthcoming years.
Type Insights
On the basis of type, Time of Flight (ToF) segment dominated major market share in 2021. Time of Flight is an active form of 3D imaging and scanning technology. Structured light and stereo vision, the other two 3D imaging techniques, are slower, less dependable, and use more energy than ToF. Time of Flight technology is anticipated to experience an increase in demand for 3D imaging and scanning applications because to its accessibility. These factors are primarily contributing to the segment growth over the forecast period.
Technology Insights
Based on the technology, solid state segment accounted for the largest market share and is projected to grow at higher CAGR throughout the forecast period. For the automotive industry, solid-state LiDAR sensors are ideal since they save space, are hardly apparent, and offer a stylish and highly reliable solution. Typically, a single laser beam illuminates a solid state LiDAR sensor, and a ToF sensor array captures the 3D data that is returned. Since these solid-state sensors have few to no moving parts, they are more dependable and more cheap than traditional scanning LiDAR sensors.
Application Insights
In terms of application, advanced driver assistance system (ADAS) segment leads the global vehicle Lidar sensor market. LiDAR technology uses dead reckoning sensors for odometry operations and aids in 3D mapping of the area around the vehicle. The LiDAR feature aids in parking, pedestrian detection, and other obstacle detection. The primary reason for the surge in demand for ADAS systems in cars is the rising frequency of accidents and deaths associated to it. For instance, as per World Health Organization (WHO) report published in February 2020, approximately 1.35 Mn people die each year from road traffic crashes. To prevent this, a 2030 agenda for sustainable development was set by the organization with an ambition to reduce 50% of the injuries and deaths from road traffic crashes by 2030.
Regional Insights
In terms of region, Europe dominated the global market due to the existence of a large number of OEMs and LIDAR manufacturers in the region. The major market participants in Europe are taking steps to geographically expand their footprint by forming alliances and working with both local and global players.
Asia pacific is projected to grow at higher CAGR during the projected period. In the upcoming years, it is anticipated that nations like China, Japan, and South Korea will lead in the implementation of L4 & L5 autonomy. Hyundai, Kia, Nissan, Honda, and Toyota are among the automakers in Japan and South Korea developing highly automated self-driving vehicles. In addition, Asia Pacific is home to several automotive LiDAR market players, such as RoboSense (China), DENSO Corporation (Japan), Hesai (China), and among others.
Key Companies Insights
Some of the major companies studied under the market scope are as follows: Valeo, Denso Corporation, Innoviz, Velodyne, Luminar Technologies, Continental AG, Ouster Inc, Robert Bosch, Trimble Inc, Aptiv, ZF Friedrichshafen AG, Infineon Technologies AG, and Others. Prominent players operating in the market experiences intense competition owing to the presence of large number of players on the global scale. Further, the inorganic strategies adopted by these players such as merger and acquisition, new product launch, geographic expansion, research & development for expanding their product portfolio, and others.
In 2021, Valeo launched its third-generation scanning LiDAR system set for market debut in the year 2024. This technology gives significantly improved performance, enables autonomous mobility, and offers unseen levels of road safety.
In 2021, With the launch of the HFL110 solid-state 3D Flash LiDAR sensor, Continental AG enhanced its Automated Driving (AD) as well as environmental sensor portfolio.
Segments
By Type
• Time of Flight (ToF)
• Frequency Modulated Continuous Wave (FMCW)
By Technology
• Solid State
• Electro-mechanical
By Application
• Advanced Driver Assistance System (ADAS)
o Adaptive Cruise Control
o Automatic Emergency Braking
• Autonomous vehicle
By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
• Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
• Latin America
o Brazil
o Argentina
o Colombia
• MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt
Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
Historic Year: 2016-2022
Forecast: 2024-2035
1 Vehicle Lidar Sensor Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Vehicle Lidar Sensor
1.3 Vehicle Lidar Sensor Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Vehicle Lidar Sensor
1.4.2 Applications of Vehicle Lidar Sensor
1.5 Market Exchange Rate
2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source
3 Market Competition Analysis
3.1 Delphi Automotive Market Performance Analysis
3.1.1 Delphi Automotive Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 Delphi Automotive Sales, Value, Price, Gross Margin 2016-2021
3.2 Facet Technology (Google) Market Performance Analysis
3.2.1 Facet Technology (Google) Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 Facet Technology (Google) Sales, Value, Price, Gross Margin 2016-2021
3.3 Trilumina Market Performance Analysis
3.3.1 Trilumina Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Trilumina Sales, Value, Price, Gross Margin 2016-2021
3.4 PulsedLight (Garmin) Market Performance Analysis
3.4.1 PulsedLight (Garmin) Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 PulsedLight (Garmin) Sales, Value, Price, Gross Margin 2016-2021
3.5 DENSO Market Performance Analysis
3.5.1 DENSO Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 DENSO Sales, Value, Price, Gross Margin 2016-2021
3.6 Velodyne LIDAR Market Performance Analysis
3.6.1 Velodyne LIDAR Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 Velodyne LIDAR Sales, Value, Price, Gross Margin 2016-2021
3.7 Quanergy Systems Market Performance Analysis
3.7.1 Quanergy Systems Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 Quanergy Systems Sales, Value, Price, Gross Margin 2016-2021
3.8 Ibeo Automotive Systems Market Performance Analysis
3.8.1 Ibeo Automotive Systems Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 Ibeo Automotive Systems Sales, Value, Price, Gross Margin 2016-2021
3.9 Xenomatix Market Performance Analysis
3.9.1 Xenomatix Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 Xenomatix Sales, Value, Price, Gross Margin 2016-2021
3.10 Princeton Lightwave Market Performance Analysis
3.10.1 Princeton Lightwave Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 Princeton Lightwave Sales, Value, Price, Gross Margin 2016-2021
3.11 Bosch Market Performance Analysis
3.11.1 Bosch Basic Information
3.11.2 Product and Service Analysis
3.11.3 Strategies for Company to Deal with the Impact of COVID-19
3.11.4 Bosch Sales, Value, Price, Gross Margin 2016-2021
3.12 Phantom Intelligence Market Performance Analysis
3.12.1 Phantom Intelligence Basic Information
3.12.2 Product and Service Analysis
3.12.3 Strategies for Company to Deal with the Impact of COVID-19
3.12.4 Phantom Intelligence Sales, Value, Price, Gross Margin 2016-2021
3.13 Teledyne Optech Market Performance Analysis
3.13.1 Teledyne Optech Basic Information
3.13.2 Product and Service Analysis
3.13.3 Strategies for Company to Deal with the Impact of COVID-19
3.13.4 Teledyne Optech Sales, Value, Price, Gross Margin 2016-2021
3.14 Innoviz Market Performance Analysis
3.14.1 Innoviz Basic Information
3.14.2 Product and Service Analysis
3.14.3 Strategies for Company to Deal with the Impact of COVID-19
3.14.4 Innoviz Sales, Value, Price, Gross Margin 2016-2021
3.15 TetraVue Market Performance Analysis
3.15.1 TetraVue Basic Information
3.15.2 Product and Service Analysis
3.15.3 Strategies for Company to Deal with the Impact of COVID-19
3.15.4 TetraVue Sales, Value, Price, Gross Margin 2016-2021
3.16 HELLA Market Performance Analysis
3.16.1 HELLA Basic Information
3.16.2 Product and Service Analysis
3.16.3 Strategies for Company to Deal with the Impact of COVID-19
3.16.4 HELLA Sales, Value, Price, Gross Margin 2016-2021
3.17 Novariant (AgJunction) Market Performance Analysis
3.17.1 Novariant (AgJunction) Basic Information
3.17.2 Product and Service Analysis
3.17.3 Strategies for Company to Deal with the Impact of COVID-19
3.17.4 Novariant (AgJunction) Sales, Value, Price, Gross Margin 2016-2021
3.18 Neptec Design Group Market Performance Analysis
3.18.1 Neptec Design Group Basic Information
3.18.2 Product and Service Analysis
3.18.3 Strategies for Company to Deal with the Impact of COVID-19
3.18.4 Neptec Design Group Sales, Value, Price, Gross Margin 2016-2021
3.19 Valeo Market Performance Analysis
3.19.1 Valeo Basic Information
3.19.2 Product and Service Analysis
3.19.3 Strategies for Company to Deal with the Impact of COVID-19
3.19.4 Valeo Sales, Value, Price, Gross Margin 2016-2021
3.20 LeddarTech Market Performance Analysis
3.20.1 LeddarTech Basic Information
3.20.2 Product and Service Analysis
3.20.3 Strategies for Company to Deal with the Impact of COVID-19
3.20.4 LeddarTech Sales, Value, Price, Gross Margin 2016-2021
3.21 Continental Market Performance Analysis
3.21.1 Continental Basic Information
3.21.2 Product and Service Analysis
3.21.3 Strategies for Company to Deal with the Impact of COVID-19
3.21.4 Continental Sales, Value, Price, Gross Margin 2016-2021
3.22 First Sensor Market Performance Analysis
3.22.1 First Sensor Basic Information
3.22.2 Product and Service Analysis
3.22.3 Strategies for Company to Deal with the Impact of COVID-19
3.22.4 First Sensor Sales, Value, Price, Gross Margin 2016-2021
4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Vehicle Lidar Sensor Production and Value by Type
4.1.1 Global Vehicle Lidar Sensor Production by Type 2016-2021
4.1.2 Global Vehicle Lidar Sensor Market Value by Type 2016-2021
4.2 Global Vehicle Lidar Sensor Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 2D Image Market Production, Value and Growth Rate
4.2.2 3D Image Market Production, Value and Growth Rate
4.3 Global Vehicle Lidar Sensor Production and Value Forecast by Type
4.3.1 Global Vehicle Lidar Sensor Production Forecast by Type 2022-2030
4.3.2 Global Vehicle Lidar Sensor Market Value Forecast by Type 2022-2030
4.4 Global Vehicle Lidar Sensor Market Production, Value and Growth Rate by Type Forecast 2022-2030
4.4.1 2D Image Market Production, Value and Growth Rate Forecast
4.4.2 3D Image Market Production, Value and Growth Rate Forecast
5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Vehicle Lidar Sensor Consumption and Value by Application
5.1.1 Global Vehicle Lidar Sensor Consumption by Application 2016-2021
5.1.2 Global Vehicle Lidar Sensor Market Value by Application 2016-2021
5.2 Global Vehicle Lidar Sensor Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Autonomous vehicle Market Consumption, Value and Growth Rate
5.2.2 Advanced driver assistance systems (ADAS) Market Consumption, Value and Growth Rate
5.3 Global Vehicle Lidar Sensor Consumption and Value Forecast by Application
5.3.1 Global Vehicle Lidar Sensor Consumption Forecast by Application 2022-2030
5.3.2 Global Vehicle Lidar Sensor Market Value Forecast by Application 2022-2030
5.4 Global Vehicle Lidar Sensor Market Consumption, Value and Growth Rate by Application Forecast 2022-2030
5.4.1 Autonomous vehicle Market Consumption, Value and Growth Rate Forecast
5.4.2 Advanced driver assistance systems (ADAS) Market Consumption, Value and Growth Rate Forecast
6 Global Vehicle Lidar Sensor by Region, Historical Data and Market Forecasts
6.1 Global Vehicle Lidar Sensor Sales by Region 2016-2021
6.2 Global Vehicle Lidar Sensor Market Value by Region 2016-2021
6.3 Global Vehicle Lidar Sensor Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Vehicle Lidar Sensor Sales Forecast by Region 2022-2030
6.5 Global Vehicle Lidar Sensor Market Value Forecast by Region 2022-2030
6.6 Global Vehicle Lidar Sensor Market Sales, Value and Growth Rate Forecast by Region 2022-2030
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa
7 United State Market Size Analysis 2016-2026
7.1 United State Vehicle Lidar Sensor Value and Market Growth 2016-2021
7.2 United State Vehicle Lidar Sensor Sales and Market Growth 2016-2021
7.3 United State Vehicle Lidar Sensor Market Value Forecast 2022-2030
8 Canada Market Size Analysis 2016-2026
8.1 Canada Vehicle Lidar Sensor Value and Market Growth 2016-2021
8.2 Canada Vehicle Lidar Sensor Sales and Market Growth 2016-2021
8.3 Canada Vehicle Lidar Sensor Market Value Forecast 2022-2030
9 Germany Market Size Analysis 2016-2026
9.1 Germany Vehicle Lidar Sensor Value and Market Growth 2016-2021
9.2 Germany Vehicle Lidar Sensor Sales and Market Growth 2016-2021
9.3 Germany Vehicle Lidar Sensor Market Value Forecast 2022-2030
10 UK Market Size Analysis 2016-2026
10.1 UK Vehicle Lidar Sensor Value and Market Growth 2016-2021
10.2 UK Vehicle Lidar Sensor Sales and Market Growth 2016-2021
10.3 UK Vehicle Lidar Sensor Market Value Forecast 2022-2030
11 France Market Size Analysis 2016-2026
11.1 France Vehicle Lidar Sensor Value and Market Growth 2016-2021
11.2 France Vehicle Lidar Sensor Sales and Market Growth 2016-2021
11.3 France Vehicle Lidar Sensor Market Value Forecast 2022-2030
12 Italy Market Size Analysis 2016-2026
12.1 Italy Vehicle Lidar Sensor Value and Market Growth 2016-2021
12.2 Italy Vehicle Lidar Sensor Sales and Market Growth 2016-2021
12.3 Italy Vehicle Lidar Sensor Market Value Forecast 2022-2030
13 Spain Market Size Analysis 2016-2026
13.1 Spain Vehicle Lidar Sensor Value and Market Growth 2016-2021
13.2 Spain Vehicle Lidar Sensor Sales and Market Growth 2016-2021
13.3 Spain Vehicle Lidar Sensor Market Value Forecast 2022-2030
14 Russia Market Size Analysis 2016-2026
14.1 Russia Vehicle Lidar Sensor Value and Market Growth 2016-2021
14.2 Russia Vehicle Lidar Sensor Sales and Market Growth 2016-2021
14.3 Russia Vehicle Lidar Sensor Market Value Forecast 2022-2030
15 China Market Size Analysis 2016-2026
15.1 China Vehicle Lidar Sensor Value and Market Growth 2016-2021
15.2 China Vehicle Lidar Sensor Sales and Market Growth 2016-2021
15.3 China Vehicle Lidar Sensor Market Value Forecast 2022-2030
16 Japan Market Size Analysis 2016-2026
16.1 Japan Vehicle Lidar Sensor Value and Market Growth 2016-2021
16.2 Japan Vehicle Lidar Sensor Sales and Market Growth 2016-2021
16.3 Japan Vehicle Lidar Sensor Market Value Forecast 2022-2030
17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Vehicle Lidar Sensor Value and Market Growth 2016-2021
17.2 South Korea Vehicle Lidar Sensor Sales and Market Growth 2016-2021
17.3 South Korea Vehicle Lidar Sensor Market Value Forecast 2022-2030
18 Australia Market Size Analysis 2016-2026
18.1 Australia Vehicle Lidar Sensor Value and Market Growth 2016-2021
18.2 Australia Vehicle Lidar Sensor Sales and Market Growth 2016-2021
18.3 Australia Vehicle Lidar Sensor Market Value Forecast 2022-2030
19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Vehicle Lidar Sensor Value and Market Growth 2016-2021
19.2 Thailand Vehicle Lidar Sensor Sales and Market Growth 2016-2021
19.3 Thailand Vehicle Lidar Sensor Market Value Forecast 2022-2030
20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Vehicle Lidar Sensor Value and Market Growth 2016-2021
20.2 Brazil Vehicle Lidar Sensor Sales and Market Growth 2016-2021
20.3 Brazil Vehicle Lidar Sensor Market Value Forecast 2022-2030
21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Vehicle Lidar Sensor Value and Market Growth 2016-2021
21.2 Argentina Vehicle Lidar Sensor Sales and Market Growth 2016-2021
21.3 Argentina Vehicle Lidar Sensor Market Value Forecast 2022-2030
22 Chile Market Size Analysis 2016-2026
22.1 Chile Vehicle Lidar Sensor Value and Market Growth 2016-2021
22.2 Chile Vehicle Lidar Sensor Sales and Market Growth 2016-2021
22.3 Chile Vehicle Lidar Sensor Market Value Forecast 2022-2030
23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Vehicle Lidar Sensor Value and Market Growth 2016-2021
23.2 South Africa Vehicle Lidar Sensor Sales and Market Growth 2016-2021
23.3 South Africa Vehicle Lidar Sensor Market Value Forecast 2022-2030
24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Vehicle Lidar Sensor Value and Market Growth 2016-2021
24.2 Egypt Vehicle Lidar Sensor Sales and Market Growth 2016-2021
24.3 Egypt Vehicle Lidar Sensor Market Value Forecast 2022-2030
25 UAE Market Size Analysis 2016-2026
25.1 UAE Vehicle Lidar Sensor Value and Market Growth 2016-2021
25.2 UAE Vehicle Lidar Sensor Sales and Market Growth 2016-2021
25.3 UAE Vehicle Lidar Sensor Market Value Forecast 2022-2030
26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Vehicle Lidar Sensor Value and Market Growth 2016-2021
26.2 Saudi Arabia Vehicle Lidar Sensor Sales and Market Growth 2016-2021
26.3 Saudi Arabia Vehicle Lidar Sensor Market Value Forecast 2022-2030
27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market
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