The automotive LiDAR market, valued at USD 1.30B in 2024, is expected to reach USD 10.51B by 2034, growing at a CAGR of 23%.
Automotive LiDAR Market Key Takeaways
- North America dominated the global market with a 38% share in 2024.
- Europe is expected to experience a strong CAGR from 2025 to 2034.
- The advanced driver assistance system (ADAS) segment held the largest market share in 2024.
The global automotive LiDAR market was valued at USD 1.30 billion in 2024 and is expected to grow significantly, reaching USD 10.51 billion by 2034, driven by a strong CAGR of 23%. North America led the market in 2024 with a 38% share, while Europe is projected to experience a profitable CAGR from 2025 to 2034. The advanced driver assistance system (ADAS) segment dominated the market in 2024, contributing to the industry’s growth. As automotive technologies evolve, LiDAR systems are becoming increasingly integral to ensuring safety and driving automation.
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Market Scope
Report Highlights | Details |
Market Size by 2034 | USD 10.51 Billion |
Market Size in 2025 | USD 1.62 Billion |
Market Size in 2024 | USD 1.30 Billion |
Growth Rate from 2025 to 2034 | CAGR of 23% |
Largest Market | North America |
Base Year | 2024 |
Forecast Period | 2025 to 2034 |
Segments Covered | Product, Component, Application, and Region |
Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Key Drivers
Opportunities
- Provides high-resolution, accurate 3D mapping for autonomous vehicles.
- Improves vehicle safety by enabling advanced driver assistance systems (ADAS).
- Enhances real-time obstacle detection and navigation.
- Facilitates the development of fully autonomous driving systems.
- Offers long-range sensing capabilities, which are critical for autonomous vehicles.
Challenges
- High cost of LiDAR sensors, limiting affordability for mass-market vehicles.
- Performance can be affected by weather conditions, such as fog or heavy rain.
- Limited integration in some existing vehicle models due to hardware constraints.
- High data processing requirements, demanding advanced computing power.
- LiDAR technology still faces challenges in scalability and widespread adoption.
Regional Insights
In North America, the automotive LiDAR market is leading, accounting for 38% of the global share in 2024. This dominance is primarily driven by significant investments in autonomous vehicle development and advanced driver assistance systems (ADAS). The region’s strong presence of key players and research and development initiatives further accelerates market growth. Europe is expected to witness a profitable CAGR between 2025 and 2034, driven by increasing regulatory mandates for vehicle safety and environmental standards. In the Asia Pacific region, rapid advancements in autonomous driving technology and growing automotive production are expected to contribute to substantial market growth, particularly in countries like China and Japan.
Don’t Miss Out:
Market Key Players
- LeosphereSaS
- Airborne Hydrography AB
- Faro Technologies Inc.
- Aerometric Inc.
- 3D Laser Mapping Inc.
- Mira Solutions Inc.
Recent News
In November 2024, China’s Hesai Group, a leading manufacturer of lidar sensors for autonomous driving, announced plans to reduce the price of its key product by half in the coming year. This strategic move aims to increase the adoption of lidar technology in electric vehicles (EVs), making it more accessible even for lower-priced models. The company intends to price its new ATX lidar for advanced driver assistance systems (ADAS) under $200, leveraging self-developed chips and improved manufacturing processes to achieve this cost reduction. This initiative is expected to boost the adoption rate of lidar to 40% for higher-priced EVs, positioning Hesai to play a pivotal role in the future of autonomous driving.
Market Segmentation
By Product Type
- Aerial
- Mobile
- Terrestrial/Static
- Short-range
By Components
- Laser
- GPS/GNSS Receiver
- Camera
- Inertial Navigation System
- Micro Electro Mechanical System
By Application
- Advanced Driver Assistance System (ADAS)
- Adaptive Cruise Control
- Automatic Emergency Braking
- Autonomous Cars