Northbrook, IL -- (SBWIRE) -- 08/21/2019 -- The report "Automotive LiDAR Market by Technology (Mechanical & Solid State), Application (Semi-Autonomous & Autonomous), Location (Bumper & Grill, Headlight & Taillight, Roof & Upper Pillar, Others), Image Type, Vehicle Type & Region - Global Forecast to 2030" The Automotive LiDAR market is projected to grow at a CAGR of 28.32%, from USD 735.0 million in 2025 to USD 2,557.3 million by 2030. In terms of volume, the market is expected to reach 37,107.9 thousand units by 2030, owing to the technological superiority of LiDAR over other available sensors in automotive industry.

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The Semi-autonomous market by application is estimated to be the largest market in the Automotive LiDAR market
The semi-autonomous segment of the Automotive LiDAR market is estimated to have the largest market share, owing to factors such as increase in demand for driving safety features, development of cost effective LiDAR solutions, and rising government regulations.

The 3D Image types of automotive LIDAR is estimated to be the fastest growing in the Automotive LiDAR market
3 Dimensional LiDAR by image type is projected to grow fastest in Automotive LiDAR market, owing to its technological advantage over 2 Dimensional LiDAR and expected growth in autonomous vehicle technology in automotive industry. 3D LiDAR act as an eye to the autonomous vehicle with utmost accuracy and performance compared to all conventional solutions such as RADAR and camera.

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Europe is estimated to be the largest region for the Automotive LiDAR market
Europe region is projected to be the largest market in the Automotive LiDAR market, owing to majority of countries in this region such as Germany, France which have already allowed the testing of autonomous vehicles. It also represents the largest investor for research & development in automotive industry with about 180 automobile facilities across Europe. The European Automotive LiDAR market is dominated by Germany, which is the key market for automobiles in the region owing to increased demand for technological advance features in the country.

The Automotive LiDAR market is dominated by a few globally established players such as Delphi Automotive PLC (U.K.), Continental AG (Germany), ZF Friedrichshafen AG (Germany), Infineon Technologies AG (Germany), Velodyne LiDAR, INC (U.S.), Texas Instrument Inc. (U.S.), Leddartech INC. (U.S.), First Sensor AG (Germany), Quanergy System Inc (U.S.), and Innoviz Technologies Ltd. (Israel).

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