Automotive LiDAR Market Analysis By Application Type (ADAS And Autonomous Cars), By Region (North America, Europe, Asia Pacific, Latin America, And Middle East And Africa), And Segment Forecasts, 2018 - 2024

Industry Insights

The key application segments analyzed in the automotive LiDAR market report include Advanced Driver Assistance Systems (ADAS) and autonomous cars incorporating these systems. ADAS systems accounted for the major share of the market in 2015, which is anticipated to increase in the years to come on account of the surging adoption of advanced safety features in automobiles and mounting administrative regulations mandating specific system installations such as AEB braking systems installations in the U.S. and the UK.

U.S. automotive LiDAR market by application, 2014 - 2024 (USD Million)

Rising adoption of safety systems in autonomous and semi-autonomous cars at various levels of automation is expected to draw huge investment from key participants, thus driving regional industry demand in the years to come. Owing to aforementioned advantages, the market exhibits high potential in the Asia Pacific countries.

The vertical integration in the market provides numerous advantages, including low costs due to access to competitive international labor markets, reduced manufacturing and delivery times, and direct sourcing of raw materials. It adds significant value to the supply chain operations by providing an array of vertically integrated services such as customization and component design.

The stringent regulatory scenario in selected geographies has accredited inclusion of safety sensors in a vehicle, which is further estimated to drive growth in the automobile market. Collision avoidance systems are composed of software and hardware interfaces. While the cost of hardware, such as cameras and radar, is expected to decline, the need for cost-efficient software may offer an alternative source of revenue for service providers. The industry is anticipated to witness strident growth over the next eight years owing to the surge in efforts towards the development of fully autonomous cars.

In October 2016, Infineon Technologies AG (Germany) had acquired Innoluce BV (The Netherlands), a fabless semiconductor company headquartered in Nijmegen. Infineon would be developing chip components for high performance LIDAR systems by utilizing Innoluce’s patented technology. This acquisition establishes Infineon’s strong foothold as one of the automotive safety technologies vendors.

Application Type Insights

The market segmentation,based on applications, includes ADAS & autonomous cars application areas. Based on ADAS applications,the industry is segmented into Automatic Emergency Braking (AEB) and Adaptive Cruise Control (ACC). The ACC application segment is expected to gain prominence by 2024, on account of the surging incorporation of automation technologies in the car driving and safety technologies.

Automotive LiDAR market by application, 2015

ADAS features provide short-range and long-range radars for car parking and active cruise controls respectively. LiDAR helps in the 3D mapping of surroundings and utilizes dead reckoning sensors for odometry operations. The ultrasound feature helps in parking, pedestrian detection, and other obstacle detection. A Complementary Metal–Oxide–Semiconductor (CMOS) image sensor is able to detect blind spots and offer a side view used for the recognition of a traffic sign.

The ADAS application segment is expected to gain prominence by 2024, on account of the surging incorporation of these sensors in numerous automotive safety applications, such as Automated Emergency Braking (AEB) systems, particularly in the European and North American regions.

Regional Insights

The North American regional market would dominate the global automotive LiDAR industry in terms of revenue in 2015. The growing adoption on account of administrative regulations, mandating the installation of certain automotive safety technologies in both lightweight and heavyweight vehicles in the region, is anticipated to spur the automotive LiDAR sales of the region.

The key industry trends include the incorporation of LiDAR sensors in dynamic remote sensing applications and collision avoidance technologies. The automotive sector contributed a major proportion of ADAS application-based LiDAR system sales in the North American and European regions.Over the past few years, developing nations, including India and China, have exhibited continual development, which is expected to offer flourishing opportunities to the segment growth in the Asia Pacific region.

Competitive Insights

The key industry participants of the automotive LiDAR market are Continental AG,Denso Corporation,LeddarTech, Velodyne LiDAR, Inc., Novariant, Inc., Robert Bosch GmbH,and Quanergy Systems, Inc.The companies that are not vertically integrated usually depend on third-party suppliers for the provision of sensors and components. A few industry players outsource their manufacturing activities to the third-party contractors or subcontractors.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the latest trends and opportunities in each of the sub-segments from 2014 to 2024. For the purpose of this study, Grand View Research has segmented the automotive LiDAR Market on the basis of application and region:

• Application Outlook (Revenue, USD Million; 2014 - 2024)

  • ADAS

  • Autonomous Cars

• Regional Outlook (Revenue, USD Million; 2014 - 2024)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • UK

  • Asia Pacific

    • China

    • Japan

    • India

  • Latin America

    • Mexico

    • Brazil

  • MEA