LiDAR Sensors Market Analysis

The market is segmented by application into vehicle automation, forest planning and management, surveillance technology, transport planning, cellular network planning, and others. Out of these, the vehicle automation segment is anticipated to hold the largest share in the global LiDAR sensor market. This can be accounted to the high applicability of LiDAR technology in autonomous and electric vehicles to provide functionalities such as 3D mapping and car surround sensors. Apart from this, growing demand for advanced driver assistance systems is also predicted to fuel the growth of the market segment in the future. Additionally, on the basis of technology, the solid state segment is assessed to acquire the largest share during the forecast period owing to the cost effectiveness, high reliability and simpler driving operations provided by LiDAR sensors equipped with this technology.

Our in-depth analysis of the global market includes the following segments: