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Automotive LiDAR Market Share

Report ID: GMI2911
Published Date: Nov 2022
Report Format: PDF

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Automotive LiDAR Market Share

Top companies operating in the automotive LiDAR market are:

XenomatiX N.V
Velodyne Lidar Inc
SICK AG
Quanergy Systems Inc
Ouster, Inc
OMRON Corporation
Luminar Technologies Inc
LeddarTech Inc
Innoviz Technologies Ltd
Hesai Technology
Continental AG
Cepton Technologies Inc
Beijing SureStar Technology Co., Ltd
AEye Inc
Argo AI LL
Aurora Innovation

These leaders are emphasizing business expansions, collaborations, and product launches to strengthen their presence in the industry.

For instance, in April 2022, Innoviz Technologies and LiangDao Intelligence collaborated to help OEMs in China explore new customization methods for the LiDAR solutions of Innoviz. These solutions were aimed at accelerating high-resolution InnovizTwo-based LiDAR series production for the China market.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size of automotive LiDAR crossed USD 450 million in 2022 and is poised to depict over 65% CAGR through 2032, due to the growing integration of technology in self-driving vehicles.

The solid-state segment is projected to depict over 85% growth rate through 2023-2032, given its cost-effectiveness and high-resolution data delivery.

The APAC market is predicted to observe 80% gains till 2032, as a result of the increasing R&D and investments in the development of self-driving car technologies.

XenomatiX N.V., Velodyne Lidar, Inc., OMRON Corporation, Luminar Technologies Inc., Innoviz Technologies Ltd., Cepton Technologies, Inc., Argo AI, LLC, and Aurora Innovation, Inc. are some of the key players operating in the industry.