HOME Top Market Reports LiDAR Sensor Automotive Market by Technology (Mechanical, and Solid State), Application (Semi-Autonomous, and Autonomous), Location (Bumper & Grill, Headlight & Taillight, Roof & Upper Pillar), Image Type (2D, and 3D), Vehicle Type - Global Forecast to 2030

LiDAR Sensor Automotive Market by Technology (Mechanical, and Solid State), Application (Semi-Autonomous, and Autonomous), Location (Bumper & Grill, Headlight & Taillight, Roof & Upper Pillar), Image Type (2D, and 3D), Vehicle Type - Global Forecast to 2030

By: marketsandmarkets.com
Publishing Date: June 2017
Report Code: AT 5330

 

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The LiDAR sensor automotive market is estimated to be USD 735.0 Million in 2025, growing at a CAGR of 28.32%, during the forecast period. The base year for the report is 2023 and the forecast year is 2030. The objective of the study is to analyze and forecast (2023–2030) the market size, in terms of volume (’000 units) and value (USD million), of this market. The report segments the market by technology, application, image type, location type, vehicle type, and region. The market has been further segmented, by region, into North America, Europe, Asia-Pacific, and the rest of the world (RoW). A detailed study of the various market leaders has been carried out and an opportunity analysis has been provided in the report.

Research Methodology

Various secondary sources, such as company annual reports and presentations, press releases, industry association publications, magazine articles, directories, technical handbooks, the World Economic Outlook, trade websites, technical articles, and databases have been used to identify and collect information useful for an extensive study of the automotive market. The primary sources experts from related industries, automotive LiDAR manufacturers, and LiDAR experts have been interviewed to obtain and verify critical information, as well as to assess future prospects and market estimations. The bottom-up approach has been used for market estimation and to calculate the automotive LiDAR market size. The figure below illustrates the breakdown of the profiles of industry experts who participated in primary discussions.

LiDAR Sensor Automotive Market

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The LiDAR sensor automotive 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 Instruments, Inc. (U.S.), LeddarTech, Inc. (Canada), First Sensor AG (Germany), Quanergy Systems, Inc. (U.S.), and Innoviz Technologies, Ltd. (Israel).

Target Audience

  • Automotive LiDAR manufacturers
  • LiDAR experts
  • LiDAR software developers
  • Chip manufacturers
  • System integrators
  • Headlight and taillight manufacturers
  • Autonomous technology experts
  • Industry experts

Scope of the Report

  • By Region
    • Asia-Pacific
    • Europe
    • North America
    • RoW
  • By Application
    • Semi-autonomous vehicles
    • Autonomous vehicles
  • By Image Type
    • 2 Dimensional
    • 3 Dimensional
  • By Technology
    • Solid state
    • Mechanical/scanning
  • By Location
    • Bumper and grill
    • Headlight and taillight
    • Roof and upper pillars
    • Others (windscreens and rear view mirrors, among others)
  • By Vehicle Type
    • ICE
    • Hybrid
    • Battery electric

Available Customizations

With the given market data, MarketsandMarkets offers customizations in accordance with the company’s specific needs.

  • Automotive Lidar Market, By Application, By Country
  • Company Information
    • Profiling of additional market players (up to three)

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources
    2.3 Data From Secondary Sources
    2.4 Primary Data
           2.4.1 Sampling Techniques & Data Collection Methods
           2.4.2 Primary Participants
    2.5 Factor Analysis
           2.5.1 Introduction
           2.5.2 Demand Side Analysis
                    2.5.2.1 Growth in Luxury Vehicle Sales
                    2.5.2.2 Added Advantage Over Current Generation of Advanced Technologies
           2.5.3 Supply Side Analysis
                    2.5.3.1 Rising Demand for Safety, Convenience, and Comfort Applications in Vehicle
                    2.5.3.2 Structural Uncertainties in LiDAR System Placement/Location
    2.6 Market Size Estimation
    2.7 Data Triangulation
    2.8 Assumptions

3 Executive Summary (Page No. - 34)
    3.1 Introduction

4 Premium Insights (Page No. - 39)
    4.1 Attractive Opportunities in this Market
    4.2 LiDAR Sensor Automotive Market, By Region, 2025 - 2030
    4.3 Market Share, By Location, 2025 vs 2030
    4.4 Market Share, By Country, CAGR, 2025 - 2030
    4.5 Market, By Technology (Value), 2025 - 2030
    4.6 Market, By Application (Value), 2025 - 2030

5 Market Overview (Page No. - 45)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 LiDAR Sensor Automotive Market, By Technology
           5.2.2 Market, By Image Type
           5.2.3 Market, By Vehicle Type
           5.2.4 Market, By Application
           5.2.5 Market, By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Technological Superiority of LiDAR
                    5.3.1.2 Rising Trend for Semi-Autonomous Vehicles
                    5.3.1.3 Rising Government Regulations for Vehicle Safety and Increase in Adoption of Adas Technology By Oems
           5.3.2 Restraints
                    5.3.2.1 High Cost of LiDAR Results in Increase in Overall Cost of the Vehicle
           5.3.3 Opportunities
                    5.3.3.1 Autonomous Vehicle Offer New Opportunities
                    5.3.3.2 Sensor Fusion
           5.3.4 Challenges
                    5.3.4.1 Environment Constraints Pose A Challenge for the Use of LiDAR
                    5.3.4.2 Technology Integration
    5.4 Porter’s Five Forces Analysis
           5.4.1 Competitive Rivalry
           5.4.2 Threat of Substitutes
           5.4.3 Bargaining Power of Buyer
           5.4.4 Bargaining Power of Suppliers
           5.4.5 Threat of New Entrant

6 Technological Overview (Page No. - 67)
    6.1 Introduction
           6.1.1 Technological Evolution of LiDAR in Automotive Industry
    6.2 Role of LiDAR Technologies in Automotive Industry
           6.2.1 Mechanical Laser LiDAR
           6.2.2 Solid State LiDAR

7 LiDAR Sensor Automotive Market, By Application (Page No. - 70)
    7.1 Introduction
    7.2 Semi-Autonomous Vehicle
    7.3 Autonomous Vehicle

8 LiDAR Sensor Automotive Market, By Technology (Page No. - 75)
    8.1 Introduction
    8.2 Solid-State LiDAR
    8.3 Mechanical /Scanning LiDAR

9 LiDAR Sensor Automotive Market, By Image Type (Page No. - 80)
    9.1 Introduction
    9.2 2 Dimensional: LiDAR Sensor Automotive Market, By Region
    9.3 3 Dimensional: LiDAR Sensor Automotive Market, By Region

10 LiDAR Sensor Automotive Market, By Location (Page No. - 85)
     10.1 Introduction
     10.2 Bumper & Grill
     10.3 Headlight & Taillight
     10.4 Roofs & Upper Pillars
     10.5 Others (Windscreen, Rear View Mirrors, Etc)

11 LiDAR Sensor Automotive Market, By Region (Page No. - 93)
     11.1 Introduction
     11.2 North America
             11.2.1 U.S.
             11.2.2 Canada
             11.2.3 Mexico
     11.3 Europe
             11.3.1 Germany
             11.3.2 France
             11.3.3 U.K.
             11.3.4 Italy
             11.3.5 Rest of Europe
     11.4 Asia-Pacific
             11.4.1 China
             11.4.2 Japan
             11.4.3 India
             11.4.4 South Korea
             11.4.5 Rest of Asia-Pacific
     11.5 RoW
             11.5.1 Russia
             11.5.2 Brazil
             11.5.3 RoW Others

12 Competitive Landscape (Page No. - 123)
     12.1 Competitive Situation & Trends
     12.2 New Product Launches
     12.3 Supply Contracts/Agreements/
             12.3.1 Collaborations/Partnerships/Joint Ventures
             12.3.2 Expansions, Mergers & Acquisitions

13 Company Profiles (Page No. - 130)
(Business Overview, Products Offered, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
     13.1 Delphi Automotive PLC
     13.2 Continental AG
     13.3 ZF Friedrichshafen AG
     13.4 Infineon Technologies AG
     13.5 Velodyne LiDAR, Inc
     13.6 Texas Instruments Incorporated
     13.7 First Sensor AG

*Details on Business Overview, Products Offered, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Key Innovators (Page No. - 153)
     14.1 Introduction
     14.2 Leddartech Inc.,
             14.2.1 Company Overview
             14.2.2 Key Innovation
             14.2.3 Impact of Innovation on LiDAR Market
     14.3 Quanergy System Inc.
             14.3.1 Company Overview
             14.3.2 Key Innovation
             14.3.3 Impact of Innovation on LiDAR Market
     14.4 Innoviz Technologies Ltd.
             14.4.1 Company Overview
             14.4.2 Key Innovation
             14.4.3 Impact of Innovation on LiDAR Market

15 Appendix (Page No. - 156)
     15.1 Key Insights of Industry Experts
     15.2 Discussion Guide
     15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.4 Introducing Rt: Real Time Market Intelligence
     15.5 Available Customizations
             15.5.1 Automotive LiDAR Market, By Application, By Country
             15.5.2 Company Information
                        15.5.2.1 Profiling of Additional Market Players (Up to 3)
     15.6 Related Reports
     15.7 Author Details


List of Tables (91 Tables)

Table 1 American Dollar Exchange Rates (Per 1 USD)
Table 2 Luxury Vehicle Sales of Key Manufacturers, India, 2013–2015
Table 3 Luxury Vehicle Sales of Key Manufacturers, China, 2013–2015
Table 4 Advantages Over Current Technologies in the Industry
Table 5 LiDAR Sensor Automotive Market, By Technology
Table 6 Market, By Image Type
Table 7 Market, By Vehicle Type
Table 8 Market, By Application
Table 9 Technological Superiority of LiDAR in Automotive Applications
Table 10 Regulations for Driver Assistance Systems
Table 11 Autonomous Driving Attempts Among Automakers
Table 12 Porter’s Five Forces Analysis
Table 13 LiDAR Sensor Automotive Market, By Application, 2023–2030 (’000 Units)
Table 14 Market, By Application, 2023–2030 (USD Million)
Table 15 Semi-Autonomous Vehicle: LiDAR Sensor Automotive Market, By Region, 2023–2030 (’000 Units)
Table 16 Semi-Autonomous Vehicle: Market, By Region, 2023–2030 (USD Million)
Table 17 Autonomous Vehicle: LiDAR Sensor Automotive Market Size, By Region, 2023– 2030 (’000 Units)
Table 18 Autonomous Vehicle: Market, By Region, 2023–2030 (USD Million)
Table 19 LiDAR Sensor Automotive Market, By Technology, 2023–2030 (’000 Units)
Table 20 Market, By Technology, 2023–2030 (USD Million)
Table 21 Solid-State LiDAR: LiDAR Sensor Automotive Market, By Region, 2023–2030 (’000 Units)
Table 22 Solid-State LiDAR: Market, By Region, 2023–2030 (USD Million)
Table 23 Mechanical/Scanning LiDAR: LiDAR Sensor Automotive Market Size, By Region, 2023–2030 (’000 Units)
Table 24 Mechanical/Scanning LiDAR: Market, By Region, 2023–2030 (USD Million)
Table 25 LiDAR Sensor Automotive Market, Product Specification
Table 26 LiDAR Sensor Automotive Market, By Image Type, 2023–2030 (‘000 Units)
Table 27 Market, By Image Type, 2023–2030 (USD Million)
Table 28 2 Dimensional: LiDAR Sensor Automotive Market, By Region, 2023–2030 (‘000 Units)
Table 29 2 Dimensional: Market, By Region, 2023–2030 (USD Million)
Table 30 3 Dimensional: LiDAR Sensor Automotive Market Size, By Region, 2023–2030 (‘000 Units)
Table 31 3 Dimensional: Market, By Region, 2023–2030 (USD Million)
Table 32 LiDAR Sensor Automotive Market, By Location, 2023–2030 (‘000 Units)
Table 33 Market, By Location, 2023–2030 (USD Million)
Table 34 Bumper & Grill: LiDAR Sensor Automotive Market, By Region, 2023–2030 (‘000 Units)
Table 35 Bumper & Grill: Market, By Region, 2023–2030 (USD Million)
Table 36 Headlight & Taillight: LiDAR Sensor Automotive Market Size, By Region, 2023–2030 (‘000 Units)
Table 37 Headlight & Taillight: Market Size, By Region, 2023–2030 (USD Million)
Table 38 Roofs & Upper Pillars: LiDAR Sensor Automotive Market Size, By Region, 2023–2030 (‘000 Units)
Table 39 Roofs & Upper Pillars: Market Size, By Region, 2023–2030 (USD Million)
Table 40 Others (Windscreen, Rear View Mirrors, Etc): LiDAR Sensor Automotive Market Size, By Region, 2023–2030 (‘000 Units)
Table 41 Others (Windscreen, Rear View Mirrors, Etc): Market Size, By Region, 2023–2030 (USD Million)
Table 42 Global LiDAR Sensor Automotive Market, By Region, 2023–2030 (‘000’ Units)
Table 43 Market, By Region, 2023–2030 (USD Million)
Table 44 Global LiDAR Sensor Automotive Market, By Vehicle Type, 2023–2030 (‘000’ Units)
Table 45 Market, By Vehicle Type, 2023–2030 (USD Million)
Table 46 North America LiDAR Market, By Country, 2023–2030 (‘000 Units)
Table 47 North America LiDAR Market, By Country, 2023–2030 (USD Million)
Table 48 U.S.: LiDAR Sensor Automotive Market, By Vehicle Type, 2023–2030 (‘000 Units)
Table 49 U.S.: Market, By Vehicle Type, 2023–2030 (USD Million)
Table 50 Canada: LiDAR Sensor Automotive Market, By Vehicle Type, 2023–2030 (‘000 Units)
Table 51 Canada: Market, By Vehicle Type, 2023–2030 (USD Million)
Table 52 Mexico: LiDAR Sensor Automotive Market, By Vehicle Type, 2023–2030 (‘000 Units)
Table 53 Mexico: Market, By Vehicle Type, 2023–2030 (USD Million)
Table 54 Europe: LiDAR Sensor Automotive Market, By Country, 2023–2030 (‘000 Units)
Table 55 Europe: Market, By Country, 2023–2030 (USD Million)
Table 56 Germany: LiDAR Sensor Automotive Market, By Vehicle Type, 2023 - 2030 (‘000 Units)
Table 57 Germany : Market, By Vehicle Type, 2023 - 2030 (USD Million)
Table 58 France: LiDAR Sensor Automotive Market, By Vehicle Type, 2023 - 2030 (‘000 Units)
Table 59 France : Market, By Vehicle Type, 2023 – 2030 (USD Million)
Table 60 U.K.: LiDAR Sensor Automotive Market, By Vehicle Type, 2023 – 2030 (‘000 Units)
Table 61 U.K.: Market, By Vehicle Type, 2023 – 2030 (USD Million)
Table 62 Italy: LiDAR Sensor Automotive Market, By Vehicle Type, 2023 – 2030 (‘000 Units)
Table 63 Italy: Market, By Vehicle Type, 2023 – 2030 (USD Million)
Table 64 Rest of Europe : LiDAR Sensor Automotive Market, By Vehicle Type, 2023 – 2030 (‘000 Units)
Table 65 Rest of Europe : Market, By Vehicle Type, 2023 – 2030 (USD Million)
Table 66 Asia-Pacific: LiDAR Sensor Automotive Market, By Country, 2025–2030 (‘000 Units)
Table 67 Asia-Pacific: Market, By Country, 2023–2030 (USD Million)
Table 68 China : LiDAR Sensor Automotive Market, By Vehicle Type, 2023 – 2030 (‘000 Units)
Table 69 China: Market, By Vehicle Type, 2023 – 2030 (USD Million)
Table 70 Japan : LiDAR Sensor Automotive Market, By Vehicle Type, 2023 – 2030 (‘000 Units)
Table 71 Japan : Market, By Vehicle Type, 2023 – 2030 (USD Million)
Table 72 India : LiDAR Sensor Automotive Market, By Vehicle Type, 2023 – 2030 (‘000 Units)
Table 73 India : Market, By Vehicle Type, 2023 – 2030 (USD Million)
Table 74 South Korea : LiDAR Sensor Automotive Market, By Vehicle Type, 2023 – 2030 (‘000 Units)
Table 75 South Korea: Market, By Vehicle Type, 2023 – 2030 (USD Million)
Table 76 Rest of Asia-Pacific : LiDAR Sensor Automotive Market, By Vehicle Type, 2023 – 2030 (‘000 Units)
Table 77 Rest of Asia-Pacific: Market, By Vehicle Type, 2023 – 2030 (USD Million)
Table 78 RoW: LiDAR Sensor Automotive Market, By Technology, 2023 – 2030 (‘000 Units)
Table 79 RoW: Market, By Vehicle Type, 2023 – 2030 (USD Million)
Table 80 Russia: LiDAR Sensor Automotive Market, By Vehicle Type, 2023 – 2030 (‘000 Units)
Table 81 Russia: Market, By Vehicle Type, 2023 – 2030 (USD Million)
Table 82 Brazil: LiDAR Sensor Automotive Market, By Vehicle Type, 2023 – 2030 (‘000 Units)
Table 83 Brazil: Market, By Vehicle Type, 2023 – 2030 (USD Million)
Table 84 RoW Others: LiDAR Sensor Automotive Market, By Vehicle Type, 2023 – 2030 (‘000 Units)
Table 85 RoW Others: Market, By Vehicle Type, 2023 – 2030 (USD Million)
Table 86 New Product Development, 2016–2017
Table 87 Supply Contracts/Collaborations/Partnerships/Joint Ventures, 2016–2017
Table 88 Mergers & Acquisitions, 2014–2017
Table 89 Delphi Automotive PLC: Key Financials
Table 90 Continental AG: Key Financials
Table 91 Key Innovators, Innovations, and Impact on LiDAR Industry


List of Figures (54 Figures)

Figure 1 Segmentations Covered: LiDAR Sensor Automotive Market
Figure 2 Research Design
Figure 3 Research Methodology Model
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 5 Technological Advancements in Vehicle Automation
Figure 6 Global LiDAR Sensor Automotive Market, By System: Bottom-Up Approach
Figure 7 Market, By System: Top-Down Approach
Figure 8 Europe is Estimated to Be the Largest Market for Automotive LiDAR, 2025 vs 2030 (USD Million)
Figure 9 Bumper & Grill is Estimated to Be the Largest Market in LiDAR Sensor Automotive Market, 2025 vs 2030 (USD Million)
Figure 10 Semi-Autonomous Based Technologies Dominate the LiDAR Sensor Automotive Market, 2025 vs 2030 (USD Million)
Figure 11 3d Image Type is the Most Dominating Market for LiDAR Sensor Automotive Market, 2025 vs 2030 (USD Million)
Figure 12 Global LiDAR Sensor Automotive Market
Figure 13 Europe to Hold the Largest Market Share for this Market, By Value
Figure 14 Bumper and Grill, By Location, of LiDAR, Estimated to Be the Largest Market Share for Global LiDAR Sensor Automotive Market, By Value
Figure 15 U.S. is Estimated to Be the Fastest Growing Market in LiDAR Sensor Automotive Market, By Value
Figure 16 Solid State LiDAR to Hold the Largest Size, in the Global LiDAR Sensor Automotive Market, By Value
Figure 17 Semi-Autonomous Vehicle to Hold the Largest Size, in the Global LiDAR Sensor Automotive Market, By Value
Figure 18 Market Segmentation
Figure 19 Automotive LiDAR Market, By Technology
Figure 20 Market, By Image Type
Figure 21 Market, By Vehicle Type
Figure 22 Market, By Application
Figure 23 Market, By Region
Figure 24 Market Dynamics
Figure 25 Road Traffic Death Rates, Per 1,00,000 Population, 2015
Figure 26 Levels of Autonomous Driving
Figure 27 LiDAR Integration in Vehicle
Figure 28 Porter’s Five Forces Analysis
Figure 29 Competitive Rivalry is Medium in LiDAR Sensor Automotive Market
Figure 30 Huge Capital Requirement & High Research and Development Cost Makes the Degree of Competition Low in LiDAR Sensor Automotive Market
Figure 31 No Availability of Direct Substitute and High Switching Cost Makes the Threat of Substitute as Low
Figure 32 Low Product Differentiation Led to Medium Bargaining Power of Buyers
Figure 33 Dependence of Suppliers on LiDAR Industry for Revenue has Led to Medium Bargaining Power of Suppliers
Figure 34 High Market Attractiveness and Capital Needed Makes Threat of New Entrants Medium
Figure 35 LiDAR Applications in Automotive Industry
Figure 36 LiDAR Sensor Automotive Market Size, By Application: Semi-Autonomous Vehicle to Constitute the Largest Market Size By Volume, 2025 vs 2030
Figure 37 Bumper & Grill to Hold the Largest Market Size, By Value, in the LiDAR Sensor Automotive Market During the Forecast Period
Figure 38 LiDAR Sensor Automotive Market Outlook, By Value, By Region
Figure 39 North America: Market Snapshot
Figure 40 Europe: Market Snapshot
Figure 41 Companies Adopted New Product Development as the Key Growth Strategy From 2014 to 2016
Figure 42 Market Evaluation Framework: New Product Development Fueled the LiDAR Sensor Automotive Market Growth From 2014–2016
Figure 43 Battle for Market Share: New Product Launches Was the Key Strategy
Figure 44 Delphi Automotive PLC: Company Snapshot
Figure 45 Delphi Automotive PLC: SWOT Analysis
Figure 46 Continental AG: Company Snapshot
Figure 47 Continental AG: SWOT Analysis
Figure 48 ZF Friedrichshafen AG: Company Snapshot
Figure 49 ZF Friedrichshafen AG: SWOT Analysis
Figure 50 Infineon Technologies AG: Company Snapshot
Figure 51 Infineon Technologies AG: SWOT Analysis
Figure 52 Velodyne LiDAR, Inc: SWOT Analysis
Figure 53 Texas Instruments Incorporated: Company Snapshot
Figure 54 First Sensor AG: Company Snapshot

The automotive LiDAR market is expected to grow at a CAGR of 28.32%, from an estimated USD 735.0 Million in 2025 to a projected USD 2,557.3 Million by 2030. Factors such as the rising popularity of semi-autonomous vehicles, government regulations for vehicle safety, and an increase in the adoption of ADAS technology by OEMs are driving the global market.

The autonomous vehicles segment is estimated to be the fastest growing segment of the LiDAR sensor automotive market in 2025. Several major OEMs, like General Motors Company, Audi, Ford, and the Volvo Group, are developing and innovating fully autonomous driving technologies with the help of LiDAR technology.

The bumper and grill segment is estimated to hold the largest market size of the LiDAR sensor automotive market, by location, during the forecast period. Factors such as the need to provide a better field of view without affecting vehicle appearance have led to the embedding of LiDAR in bumpers and grills.

The solid state LiDAR type segment is estimated to hold the largest market size during the forecast period. The solid state LiDAR is smaller, lighter, and more cost effective than the mechanical/scanning LiDAR. The decreasing cost of components along with the increasing participation of major players across the automotive LiDAR industry has also helped reduce the overall cost of solid state LiDAR features.

The battery electric passenger vehicle segment of the global market, by vehicle type, is estimated to grow at the highest CAGR during the forecast period. A majority of the OEMs are testing their autonomous vehicle technology in battery electric vehicles. The market share of the battery electric passenger vehicles segment is expected to increase in the near future due to these factors and the prediction by industry experts that most autonomous vehicles in the future will be electric vehicles.

The LiDAR sensor automotive market in Europe is expected to be the fastest growing regional market during the forecast period. The market is estimated to hold a majority share of the global LiDAR sensor automotive market, by value and volume. The European Union is also in favor of legalizing the use of LiDAR-based ADAS applications to increase vehicle safety. Autonomous vehicles are already being tested in several countries in the region, such as Germany and France. This is also expected to increase the adoption of LiDAR sensor-based ADAS applications in Europe, which will ultimately impact the market.

LiDAR Sensor Automotive Market

The high cost of LIDAR systems is a major restraint for the market. An important aspect of a LiDAR system development is building consumer-friendly and regulatory-compliant systems. The price of LiDAR systems has decreased in the past few years, but it still remains on the higher side. Environmental constraints pose a major challenge for the use of LiDAR in the automotive applications by OEMs and developers. The automotive LiDAR market is dominated by many international and domestic 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 Instruments, Inc. (U.S.), Leddartech, Inc. (U.S.), First Sensor AG (Germany), Quanergy Systems, Inc. (U.S.), and Innoviz Technologies, Ltd. (Israel).

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