Automotive Lidar Market Will Grow Rapidly In Coming Years

Automotive Lidar Market Summary

The global automotive LiDAR market size was estimated at USD 504.2 million in 2023 and is projected to reach USD 942.1 million by 2030, growing at a CAGR of 9.4 percent from 2024 to 2030. The automotive light detection and ranging industry continues to expand due to the rising integration of autonomous driving and advanced driver assistance technologies, the implementation of stricter safety standards, ongoing technological improvements, and increasing consumer interest in safer and more advanced driving experiences. These factors collectively contribute to the broad acceptance of LiDAR as a key sensing technology in modern vehicles.

The rising adoption of autonomous and semi-autonomous vehicle technologies serves as a major growth driver for the automotive LiDAR market. LiDAR sensors play a critical role in enabling accurate perception, real-time mapping, and precise environmental understanding, all of which are essential for autonomous navigation. Additionally, the growing emphasis on vehicle safety, combined with government regulations mandating advanced driver assistance systems, is accelerating LiDAR deployment across various vehicle categories. As automakers continue to integrate safety-oriented features, demand for LiDAR sensors is expected to strengthen further.

Key Market Trends & Insights

• North America accounted to hold significant share in the market and accounted for a 34.9 percent share in 2023, supported by strong automotive innovation, early adoption of autonomous driving technologies, and favorable regulatory frameworks that encourage sensor-based safety systems.
• In terms of vehicle type, the passenger cars segment holds the highest market share of the global revenue in 2023, driven by rising consumer demand for advanced safety features, increased production volumes, and the introduction of partially autonomous driving modes in mainstream passenger vehicles.
• In terms of technology, the mechanical LiDAR segment led the market and accounted for 64.2 percent of the global revenue in 2023. This dominance is attributed to its maturity, tested reliability, and widespread adoption in early-stage autonomous vehicle development.
• In terms of application, the ADAS segment held the highest market share of the global revenue in 2023, owing to the rapid integration of LiDAR-based systems that support functionalities such as collision avoidance, lane-keeping assistance, adaptive cruise control, and real-time object detection.

Order a free sample PDF of the Automotive Lidar Market Intelligence Study, published by Grand View Research.

Market Size & Forecast

• 2023 Market Size: USD 504.2 Million
• 2030 Projected Market Size: USD 942.1 Million
• CAGR (2024-2030): 9.4%
• North America: Largest market in 2023

Key Companies & Market Share Insights

The competitive landscape of the automotive LiDAR market is dynamic and characterized by a mix of established players, innovative startups, and new entrants. Major automotive OEMs and technology companies are increasingly investing in the vertical integration of LiDAR technology, aiming to have more control over the supply chain and differentiate their offerings. Partnerships and collaborations between LiDAR suppliers, automotive OEMs, and technology companies are becoming more prevalent to drive the adoption and integration of LiDAR in the automotive industry. As the technology matures, differentiation through software capabilities, manufacturing scalability, and integration expertise is becoming increasingly important in automotive LiDAR market.

Key Players

• Continental AG
• Denso Corporation
• Innoviz Technologies
• LeddarTech Inc.
• KUBOTA Corporation
• Quanergy Solutions, Inc.
• Robert Bosch GmbH
• Teledyne Geospatial
• Valeo
• Velodyne LiDAR, Inc.

Explore Horizon Databook – The world's most expansive market intelligence platform developed by Grand View Research.

Conclusion

The automotive LiDAR market is poised for sustained growth as global demand for safer, smarter, and more automated vehicles continues to accelerate. With rising regulatory support for ADAS, ongoing innovation in sensing technologies, and expanding applications in both passenger and commercial vehicles, LiDAR is emerging as a foundational component of future mobility systems. As automakers invest heavily in advanced perception technologies, LiDAR will play a vital role in improving vehicle awareness and enabling higher levels of autonomy. Over the coming years, continual improvements in cost efficiency, sensor miniaturization, and integration capabilities will further strengthen the long-term outlook for the automotive LiDAR market.