Global Market Size, Forecast, and Trend Highlights Over 2025-2037
LiDAR Sensor Market size was USD 2.4 billion in 2024 and is estimated to reach USD 13.7 billion by the end of 2037, expanding at a CAGR of 14.8% during the forecast period, i.e., 2025-2037. In 2025, the industry size of LiDAR sensors is evaluated at USD 2.7 billion by the end of 2025.
The global LiDAR sensor sales are estimated to be influenced by a complex and internationally integrated supply chain of standards. The biggest push for LiDAR sensor demand is coming from the automotive, defense, and infrastructure sectors. Digital transformation is increasing the demand for advanced sensor technologies and their components. Gallium arsenide, one of the key materials for LiDAR transmitters, is getting more attention owing to its versatility and enhanced performance. Asia Pacific mainly leads the supply of gallium arsenide across the world. According to the U.S. International Trade Commission, optoelectronic component imports went up by about 11.2% in 2023. During the same year, North America registered a significant growth in the manufacturing and assembly of optoelectronic solutions, particularly for LiDAR sensors.
The study by the U.S. Bureau of Labor Statistics estimates that in 2023, the producer price index for semiconductors and electronic components increased by about 3.9%. During the same period, the consumer price index of the gear used in vehicles, including LiDAR-powered driver-assist systems, exhibited a 3.1% growth. This highlights that the LiDAR tech is steadily gaining demand across the end-use companies. Furthermore, in 2023, the National Science Foundation invested more than USD 73.2 million in research and development activities for the development of precision navigation and spatial sensing technologies. The same source also states that most of the funding was aimed at improving accuracy, shrinking the hardware, and the cost-effectiveness of LiDAR.
