The Automotive LiDAR market is projected to grow from USD 1.30B in 2024 to USD 10.51B by 2034, registering a robust CAGR of 23%.
Automotive LiDAR Market Critical Observations
- North America led the global market, capturing 38% of the share in 2024.
- Europe is projected to see significant growth with a strong CAGR between 2025 and 2034.
- The ADAS segment was the largest contributor to the market share in 2024.
The automotive LiDAR market, valued at USD 1.30 billion in 2024, is projected to reach USD 10.51 billion by 2034, growing at a CAGR of 23%. North America held the largest market share of 38% in 2024, and Europe is expected to see profitable growth in the coming years. The ADAS segment led the market in 2024, holding the highest share. The continued development of autonomous driving technologies and advanced safety systems is fueling the demand for LiDAR solutions in the automotive industry.
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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 |
Core Factors
The automotive LiDAR market is driven by the rapid growth of autonomous vehicles, the rising emphasis on vehicle safety, and the widespread use of ADAS. Increasing demand for high-precision sensors for mapping and real-time data analysis is a key factor in the market’s expansion. As regulations push for safer roads and greener technologies, the adoption of LiDAR in automotive applications is growing. Moreover, advancements in LiDAR technology are making it more affordable and scalable, further accelerating its integration into vehicles.
Potentials
- Ensures precise environmental awareness for autonomous driving.
- Enhances vehicle safety through features like collision detection and lane keeping.
- Offers high accuracy in mapping and navigation for self-driving cars.
- Contributes to the creation of highly reliable driver assistance systems (ADAS).
- Capable of detecting objects at long distances, improving driving precision.
Obstacles
- High upfront costs of LiDAR equipment, affect overall vehicle pricing.
- Can struggle in adverse weather conditions such as snow or rain.
- Compatibility issues with existing vehicle infrastructure may limit adoption.
- Requires significant computational power for processing large amounts of data.
- The technology is still evolving, with concerns about long-term reliability and cost reduction.
Regional Insights
North America holds the largest share of the automotive LiDAR market, with 38% of the global market in 2024. This region’s market leadership is fueled by a high demand for autonomous vehicles and the strong adoption of ADAS. Europe is projected to experience significant growth, supported by strict automotive safety regulations and increasing investments in green technologies. The Asia Pacific market, especially China and Japan, is set to expand rapidly as autonomous vehicle technology advances and the automotive sector continues to grow, making it a key region for LiDAR adoption.
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Industry Leaders
- 3D Laser Mapping Inc.
- Mira Solutions Inc.
- Quanergy Systems, Inc.
- Optech Inc. (Teledyne Technologies)
- IBEO Automotive Systems GmbH
- Velodyne
- LeicGeosystems Inc.
Recent Insights
In July 2023, a report indicated that the global LiDAR market for automotive applications is expected to grow from $317 million in 2022 to nearly $4.5 billion by 2028. The report emphasized the significant role of Chinese original equipment manufacturers (OEMs) in revolutionizing the automotive industry through the integration of LiDAR technology. Companies like DiDi, AutoX, and Baidu are launching new services in various cities worldwide, propelling the LiDAR market for robotaxis ahead of that for passenger cars. The report also highlighted that the passenger car and light commercial vehicle market has gained 144 design wins since 2018, with 114 of these scheduled for 2023 or soon thereafter, underscoring the growing adoption of LiDAR technology in the
Market Segmentation
By Season Tire Type
- Winter
- Summer
- All Season
By Rim Size
- Less than 15
- Between 15 to 20
- Greater than 20
By Vehicle Type
- Commercial Vehicle
- Light Commercial
- Heavy Commercial
- Passenger Car
- Electric Vehicle
By Distribution Channel
- Aftermarket
- OEM
