What is Global Vehicle LiDAR Scanner Market?
The global Vehicle LiDAR Scanner market is a rapidly evolving sector that focuses on the development and deployment of Light Detection and Ranging (LiDAR) technology in vehicles. LiDAR systems use laser pulses to create high-resolution 3D maps of the environment, which are crucial for various automotive applications. These scanners are essential for enhancing vehicle safety, enabling advanced driver-assistance systems (ADAS), and facilitating the development of self-driving cars. The market has seen significant growth due to the increasing demand for autonomous vehicles and the need for improved safety features in modern cars. As technology advances, the cost of LiDAR systems is expected to decrease, making them more accessible for widespread use. The global Vehicle LiDAR Scanner market was valued at US$ 442 million in 2023 and is anticipated to reach US$ 8072.1 million by 2030, witnessing a compound annual growth rate (CAGR) of 49.5% during the forecast period from 2024 to 2030. This substantial growth is driven by technological advancements, increased investment in autonomous vehicle research, and the rising adoption of ADAS features in vehicles.
Solid State Lidar, Mechanical Lidar in the Global Vehicle LiDAR Scanner Market:
Solid-state LiDAR and mechanical LiDAR are two primary types of LiDAR technologies used in the global Vehicle LiDAR Scanner market. Solid-state LiDAR systems are known for their durability and compact design, as they have no moving parts. This makes them more reliable and less prone to mechanical failure, which is crucial for automotive applications. Solid-state LiDAR uses microelectromechanical systems (MEMS) or optical phased arrays to steer the laser beams, providing high-resolution 3D mapping capabilities. These systems are typically more cost-effective and easier to integrate into vehicles, making them a popular choice for mass-market applications. On the other hand, mechanical LiDAR systems use rotating mirrors or prisms to direct the laser beams, creating a 360-degree view of the surroundings. While mechanical LiDAR offers excellent resolution and range, it is generally bulkier and more expensive than solid-state LiDAR. The moving parts in mechanical LiDAR can also be susceptible to wear and tear, potentially leading to higher maintenance costs. Despite these drawbacks, mechanical LiDAR is still widely used in the industry due to its proven performance and reliability in various environmental conditions. Both solid-state and mechanical LiDAR systems play a crucial role in the development of autonomous vehicles and advanced driver-assistance systems (ADAS). As the technology continues to evolve, we can expect to see further improvements in the performance, cost, and integration of LiDAR systems in vehicles.
ADAS, Self-driving in the Global Vehicle LiDAR Scanner Market:
The usage of global Vehicle LiDAR Scanner market technology in Advanced Driver-Assistance Systems (ADAS) and self-driving cars is transforming the automotive industry. In ADAS, LiDAR scanners are used to enhance vehicle safety by providing real-time, high-resolution 3D maps of the vehicle's surroundings. This allows the vehicle to detect and respond to potential hazards, such as pedestrians, cyclists, and other vehicles, more accurately and quickly than traditional sensors like cameras and radar. LiDAR technology enables features such as adaptive cruise control, lane-keeping assistance, and automatic emergency braking, which help reduce the risk of accidents and improve overall driving safety. In self-driving cars, LiDAR scanners are a critical component of the vehicle's perception system. They provide the detailed environmental data needed for the vehicle to navigate complex urban environments, avoid obstacles, and make informed driving decisions. The high-resolution 3D maps generated by LiDAR allow self-driving cars to accurately identify and track objects, even in challenging conditions such as low light or adverse weather. This level of precision is essential for achieving full autonomy and ensuring the safety and reliability of self-driving vehicles. As the demand for ADAS and self-driving cars continues to grow, the global Vehicle LiDAR Scanner market is expected to expand significantly. The integration of LiDAR technology into these systems not only enhances vehicle safety and performance but also paves the way for the future of autonomous transportation.
Global Vehicle LiDAR Scanner Market Outlook:
The global Vehicle LiDAR Scanner market was valued at US$ 442 million in 2023 and is projected to reach US$ 8072.1 million by 2030, reflecting a remarkable compound annual growth rate (CAGR) of 49.5% during the forecast period from 2024 to 2030. This impressive growth trajectory underscores the increasing importance and adoption of LiDAR technology in the automotive industry. The rapid advancements in autonomous vehicle technology and the growing demand for advanced driver-assistance systems (ADAS) are key drivers of this market expansion. As more automotive manufacturers and technology companies invest in the development and integration of LiDAR systems, the market is poised for substantial growth. The anticipated increase in market value highlights the critical role that LiDAR technology will play in shaping the future of transportation, making vehicles safer, smarter, and more autonomous.
| Report Metric | Details |
| Report Name | Vehicle LiDAR Scanner Market |
| Accounted market size in 2023 | US$ 442 million |
| Forecasted market size in 2030 | US$ 8072.1 million |
| CAGR | 49.5% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Hesai Tech, Valeo, RoboSense, Luminar, Continental, Velodyne, Ouster, Livox, Innoviz, Cepton, Aeva |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
