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Automotive LiDAR Market Research Report, 2018-2028

The global automotive LiDAR market according to different levels of automation, for the forecast period 2018-2028. In the year 2018, LiDARs for level 2 and 3 automation held the majority share of the global automotive LiDAR market, while level 4 and level 5 automation were estimated to hold negligible share due to a lesser rate of demand of automotive LiDARs for these levels of automation. In the year 2028, the market is expected to have a prominent presence of LiDARs for level 4 and 5 automation, due to rising demand for level 4 and 5 automotive LiDARs as various OEMs and companies will begin to introduce level 4 and 5 vehicles which would have more LiDAR sensors in those automotive systems, but the majority remains with level 3 automation. We can also see that level 2 automation is expected to be negligible by the year 2028.

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The market for level 4 automated LiDAR was estimated to generate a negligible amount in the year 2018. This market value is expected to rise during the period, 2018-2028, and reach $XX million in the year 2028. The rapid growth of the market is triggered by the inclination of automakers to develop human-independent vehicles and necessitated the use of LiDAR in these vehicles.

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As per the required amount of input data by lower end automated systems, single LiDAR is integrated into vehicles. However, due to the increase in the amount of data required for higher end level automated system, multiple LiDARs are required. These higher automation systems include features such as Valet Parking/Parking Garage Pilot, Traffic Jam Pilot, and Highway Pilot features. In order to develop high-performance LiDARs, LiDAR manufacturers, tier 1 companies and automakers are working together for safe integration of LiDARs in automated systems.

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