LiDAR Sensor Segmentation
End user (Automotive, Aerospace & Defense, Industrial Automation, Agriculture & Forestry, Energy & Utilities)
The automotive segment is projected to account for 48.3% of the global LiDAR sensor market share by 2037. The increasing demand for advanced automotive technologies and driving systems is accelerating the use of LiDAR sensors. The U.S. Department of Transportation’s (NHTSA) multiple policies under its Automated Vehicles 4.0 initiative are expected to fuel the installation of LiDAR for safety compliance in automobiles. The automation of vehicles, increasing demand for luxury and supercars, and customization trends are expected to propel the sales of LiDAR sensors in the years ahead.
Technology (Solid-State LiDAR, Mechanical LiDAR)
The solid-state LiDAR segment is estimated to capture 50.5% of the global LiDAR sensor market share throughout the assessed period. The miniature design, high reliability, and cost-effectiveness are prime factors contributing to the increasing sales of solid-state LiDAR sensing technologies. The technical report on autonomous mobility systems by the National Institute of Standards and Technology states that solid-state LiDARs enhance system integrity and make them highly suitable for large-scale AV manufacturing. Continuous technological innovations are projected to enhance the capabilities of solid-state LiDAR in the coming years.
Our in-depth analysis of the global market includes the following segments:
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