Global Automotive LiDAR Market

Global Automotive LiDAR Market: Focus on Application Type, Technology Type, Technology Level, Country Analysis, Industry Insights, Patent Landscape, Regulation Landscape, and Competitive Landscape- Analysis and Forecast, 2018-2028

The global automotive LiDAR market is anticipated to grow at a CAGR of 29.60% during the forecast period 2018-2028. The high growth rate in the volume of LiDARs is predicted due to rising customer demand, extensive usage of LiDARs in high-level automated vehicles, and an anticipated decline in manufacturing prices of LiDARs after the commencement of mass production.

SKU: BA017B
Published Year: 2018
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With the advent of ADAS and autonomous vehicles, there is need for a system which can assist the driver in the driving process and make it easier for the driver to travel without worrying about the safety and control issues while driving. However, ADAS and driverless vehicles work on the input provided by automated systems, therefore, necessitating the need for more accurate and dense data provided to the system. Cameras/RADARs/ultrasonic sensors are unable to meet these sensing requirements due to various operational limitations of these sensors, which in effect, raises the need for the usage of Light Detection and Ranging (LiDARs) for a higher level of automation.

The global automotive LiDAR market is anticipated to grow at a significant rate during the forecast period 2018-2028. The high growth rate in the volume of LiDARs is predicted due to rising customer demand, extensive usage of LiDARs in high-level automated vehicles, tremendous development in the Research & Development (R&D) for automotive LiDAR to enhance the features of the LIDAR system, and an anticipated decline in manufacturing prices of LiDARs after the commencement of mass production.

The demand for automotive LiDAR varies according to various geographical regions. The automotive LiDAR market holds a prominent share in various countries of North America, Asia-Pacific (APAC), Europe, and Rest-of-the-World (RoW). Geographically, U.S. led the global automotive LiDAR market in 2017 in terms of value as the U.S. market had a major share in the global automotive LiDAR market for the year 2017. The presence of major LiDAR manufacturers and automakers such as Ford Motors Company, General Motors, Velodyne LiDAR, Inc., and Quanergy Systems, among others, as well as advancements in the number of highly automated vehicles accounts for the high growth rate and major share of the U.S. in the automotive LiDAR market. Also, the growing demand of automotive LiDAR from the U.S. provides immense opportunities to players in the supply chain. For instance, it is expected that LiDAR component suppliers will play a significant role by collaborating with LiDAR manufacturers, in reducing the time required to mass produce LiDAR systems for the automotive market. Additionally, APAC region is expected to witness one of the highest growth rates during the forecast period (2018-2028) owing to various factors such as government implementation towards upgradation of existing vehicles to ADAS and autonomous vehicles which uses LiDAR systems, high demand due to advancement in technology, and greater adaptation of autonomous vehicles and safety sensors such as LiDARs in these vehicles due to decreased cost.

The global automotive LiDAR market has witnessed several strategic and technological developments in the past few years, undertaken by the different market players to attain their respective market shares in this emerging domain. Some of the strategies covered in this section are product launches, partnerships and collaborations, and mergers and acquisitions. The preferred strategies for the companies have been partnerships and collaborations along with new product launches in order to strengthen their position in the global automotive LiDAR market.

The key market players in the global automotive LiDAR market are Continental AG, Ibeo Automotive Systems GmbH, Garmin Ltd, Infineon Technologies, Innoviz Technologies, LeddarTech, Quanergy Systems, Inc., Phantom Intelligence, and Velodyne LiDAR, Inc., among others.

The report is a compilation of different segments of global automotive LiDAR market including market breakdown by applications, types, technology, and geography. The report further takes into consideration the market dynamics and the competitive landscape. The report also discusses in detail about the key participants involved in the industry. The report answers the following questions about the global automotive LiDAR market:

Key questions answered in the report

•    What will be the global automotive LiDAR market value by 2028 along with the estimated CAGR?
•    What are the driving factors for the global automotive LiDAR market through 2017 to 2028?
•    Which factors are hindering the growth of the global automotive LiDAR market?
•    What are the recent trends and developments in the global automotive LiDAR market?
•    Which automotive LiDAR type will lead the global automotive LiDAR market by 2028? 
•    What is the revenue generated by automotive LiDAR across different application verticals during the forecast period (2018-2028)?  
•    Which application will dominate the global automotive LiDAR market by 2028?  
•    Which level of autonomous vehicle will dominate the global automotive LiDAR market by 2028?  
•    Which region will lead the global automotive LiDAR market by 2028?  
•    What is the patent landscape scenario for automotive LiDAR market?  
•    What is the direction of pricing of automotive LiDARs by 2028?  
•    What is the regulation landscape for autonomous vehicles and LiDAR systems?  
•    Who are the regulating bodies in charge of regulations related to autonomous and self-driving vehicles by 2028?  
•    What is the supply chain scenario for the automotive LiDAR market?  
•    What is the technology trend and roadmap related to autonomous vehicles and automotive LiDARs by 2028?

    Executive Summary
    1    Market Dynamics
          1.1    Market Drivers
                   1.1.1    Increasing Adoption of LiDARs in Automobiles
                   1.1.2    Superior Performance of LiDARs as Compared to Other Sensors
                   1.1.3    Growing Demand for Miniaturized Micro-Electro-Mechanical Systems (MEMS) Sensors
                   1.1.4    Increasing Adoption of Autonomous Vehicles by Automotive OEMs
                   1.1.5    Growing Safety Concern in the Automotive Ecosystem
                   1.1.6    High Investment in Autonomous Vehicles and Automotive LiDAR Space
          1.2    Market Challenges
                   1.2.1    High Price of Automotive LiDAR
                   1.2.2    Inaccurate Outputs in Adverse Weather Conditions
                   1.2.3    Complex Design and Development of LiDAR Safety Systems
          1.3    Market Opportunities
                   1.3.1    Scope of Multiple LiDAR Fitment Across All Levels of Automation to Create Vast Demand
                   1.3.2    Growing Market Share for Solid State LiDAR to Create Greater Opportunities for Players in its Ecosystem
                   1.3.3    Scope to Develop Tailor-Made Products by Partnering with Semiconductor Manufacturers
                   1.3.4    High Potential for Technical Innovation with Cost Reduction in Mind
                   1.3.5    Scope of Attaining Edge by Mass Production of LiDAR
 
    2    Competitive Landscape
          2.1    Introduction
                   2.1.1    Mergers and Acquisitions
                   2.1.2    Partnerships and Collaborations
                   2.1.3    Product Launch
                   2.1.4    Business Expansions
                   2.1.5    Others (Events & Recognitions)
          2.2    Product Pricing Analysis
          2.3    Supply Chain Analysis
          2.4    Market Share Analysis
          2.5    Competitive Rivalry
 
    3    Patent Analysis
          3.1    Introduction
                   3.1.1    Optical Phased Array LiDAR System and Methods of Usage
                   3.1.2    Omnidirectional LiDAR System
                   3.1.3    System and Method for Traffic Side Detection and Characterization
                   3.1.4    High Definition LiDAR System
                   3.1.5    Method for Localizing a Vehicle Equipped with Two LiDAR Systems
                   3.1.6    Vehicle LiDAR System
                   3.1.7    Vertical Alignment of a LiDAR Sensor
                   3.1.8    Detection and Ranging Methods and Systems
                   3.1.9    Low Cost Small Size LiDAR for Automotive
                   3.1.10  Roll Stability Control System for an Automotive Vehicle Using an External Environmental Sensing System
                   3.1.11  LiDAR System Utilizing SOI-Based Opto-Electronic Compounds
                   3.1.12  LiDAR System Comprising a Single-Photon Detector
                   3.1.13  Traffic Scanning LIDAR
                   3.1.14  First Warning System for Automotive Vehicles
                   3.1.15  Automatic Driving Route Planning Application
                   3.1.16  Driver Assistance System for Displaying Surroundings of a Vehicle
          3.2    Patent Landscape
 
    4    Regulations
          4.1    Overview
          4.2    Policy Recommendation for Autonomous Vehicle Regulation
          4.3    Autonomous LiDAR and Laser Safety
 
    5    Technological Overview
          5.1    Autonomous Vehicles
          5.2    Sensors in Autonomous Vehicles
                   5.2.1    Ultrasonic Sensors
                   5.2.2    Camera and Image Sensors
                   5.2.3    Radar Sensors
                   5.2.4    LiDAR Sensors
          5.3    LiDAR Categories
          5.4    LiDAR Subcomponents
          5.5    Future Trends and Developments in LiDAR Technologies
                   5.5.1    Frequency Modulated Continuous Wave LiDAR
                   5.5.2    128 Laser LiDAR
                   5.5.3    4D Video LiDAR Technology
                   5.5.4    iDAR
                   5.5.5    Image Grade LiDAR
          5.6    Autonomous Vehicle Technology Trend
 
    6    Global Automotive LiDAR Market Analysis and Forecast ($Million & Million Units)
          6.1    Assumptions & Limitations for Market Size Calculations
          6.2    Technology Road Map
          6.3    Market Overview
 
    7    Global Automotive LiDAR Market by Application ($Million & Million Units)
          7.1    LiDARs for Robo-Taxis
          7.2    LiDARs for ADAS and Autonomous Vehicles
 
    8    Global Automotive LiDAR Market by LiDAR Type ($Million)
          8.1    Mechanical Automotive LiDAR
          8.2    Solid State Automotive LiDAR
 
    9    Global Automotive LiDAR Market by Technology Level ($Million)
          9.1    Level 2 (Partial Automation)
          9.2    Level 3 (Conditional Automation)
          9.3    Level 4 (High Automation)
          9.4    Level 5 (Full Automation)
 
    10    Global Automotive LiDAR Vehicle Market by Geography ($Million)
            10.1    North America
                       10.1.1    The U.S
                       10.1.2    Canada
            10.2    Europe
                       10.2.1    Germany
                       10.2.2    The U.K.
                       10.2.3    France
            10.3    Asia Pacific
                       10.3.1    China
                       10.3.2    Japan
                       10.3.3    South Korea
            10.4    Rest of the World (RoW)
 
    11    Company Profiles
            11.1    Benewake Co., Ltd.
                       11.1.1    Company Overview
                       11.1.2    Corporate Summary
                       11.1.3    Product Offerings
            11.2    Continental AG
                       11.2.1    Company Overview
                       11.2.2    Corporate Summary
                       11.2.3    Product Offerings
                       11.2.4    Financials
                                     11.2.4.1    Business Segment Revenue Mix
                       11.2.5    Financial Summary
                       11.2.6    SWOT Analysis
            11.3    Garmin Ltd.
                       11.3.1    Company Overview
                       11.3.2    Corporate Summary
                       11.3.3    Product Offerings
                       11.3.4    Financials
                                     11.3.4.1    Business Segment Revenue
                                     11.3.4.2    Geographical Revenue
                        11.3.5    Financial Summary
                        11.3.6    SWOT Analysis
              11.4    GeoDigital International Inc.
                         11.4.1    Company Overview
                         11.4.2    Corporate Summary
                         11.4.3    Product Offerings
              11.5    Infineon Technologies AG
                         11.5.1    Company Overview
                         11.5.2    Corporate Summary
                         11.5.3    Product Offerings
                         11.5.4    Financials
                                       11.5.4.1    Overall Financials
                                       11.5.4.2    Business Segment Revenue
                                       11.5.4.3    Geographic Revenue Mix
                          11.5.5    Financial Summary
                          11.5.6    SWOT Analysis
                11.6    IBEO Automotive Systems GmBH
                           11.6.1    Company Overview
                           11.6.2    Corporate Summary
                           11.6.3    SWOT Analysis
                11.7     Innoviz Technologies
                            11.7.1    Company Overview
                            11.7.2    Corporate Summary
                            11.7.3    Product Offerings
                  11.8    LeddarTech
                            11.8.1    Company Overview
                            11.8.2    Corporate Summary
                            11.8.3    Product Offerings
                            11.8.4    SWOT Analysis
                 11.9    Osram Licht AG
                            11.9.1    Company Overview
                            11.9.2    Corporate Summary
                            11.9.3    Product Offerings
                            11.9.4    Financials
                                          11.9.4.1    Overall Financials
                                          11.9.4.2    Geographical Revenue
                            11.9.5    Financial Summary
                            11.9.6    SWOT Analysis
                 11.10   Phantom Intelligence Inc.
                             11.10.1    Company Overview
                             11.10.2    Corporate Summary
                             11.10.3    Product Offering
                  11.11   Princeton Lightwave Inc.
                             11.11.1    Company Overview
                             11.11.2    Corporate Summary
                             11.11.3    Product Offerings
                 11.12   Quanergy Systems, Inc.  Inc.
                             11.12.1    Company Overview
                             11.12.2    Corporate Summary
                             11.12.3    Product Offerings
                             11.12.4    SWOT Analysis
                 11.13   Sensata Technologies, Inc.
                             11.13.1    Company Overview
                             11.13.2    Corporate Summary
                             11.13.3    Financials
                             11.13.4    Financial Summary
                             11.13.5    SWOT Analysis
                 11.14   SensL Technologies Ltd
                             11.14.1    Company Overview
                             11.14.2    Corporate Summary
                             11.14.3    Product Offering
                  11.15   TriLumina, Corp.
                              11.15.1    Company Overview
                              11.15.2    Corporate Summary
                              11.15.3    Product Offerings
                   11.16   Velodyne LiDAR, Inc.
                               11.16.1    Company Overview
                               11.16.2    Corporate Summary
                               11.16.3    Product Offerings
                               11.16.4    SWOT Analysis
 
    12    Research Scope & BIS Methodology
            12.1    Scope of the Report
            12.2    Global Automotive LiDAR Market Research Methodology
 

List of Tables

Table 1    Comparison Between Sensing Technology
Table 1.1    Comparison of Features: LiDAR, Radar and Cameras
Table 2.1    Mergers and Acquisitions
Table 2.2    Partnerships and Collaborations
Table 2.3    Product Launches
Table 2.4    Business Expansion from 2016-2017
Table 2.5    Key Awards/Achievements/Events
Table 2.6    Mechanical Vs Solid-State LiDAR
Table 3.1    Overview of Optical Phased Array LiDAR System
Table 3.2    Overview of Omnidirectional LiDAR System
Table 3.3    Overview of Traffic Side Detection
Table 3.4    Overview of High Definition LiDAR System
Table 3.5    Overview of Localization of Vehicle with Two LiDAR
Table 3.6    Overview of Vehicle LiDAR System
Table 3.7    Overview Table for Vertical Alignment of LiDAR Sensor
Table 3.8    Overview Table of Detection and Ranging Methods
Table 3.9    Overview Table of Low Cost and Small Size LiDAR
Table 3.10    Overview Table of Roll Stability Control System
Table 3.11    Overview Table of SOI-based Opto-electronic Compounds
Table 3.12    Overview Table of a Single-photon Detector
Table 3.13    Overview Table of Traffic Scanning LiDAR
Table 3.14    Overview Table of First Warning System for Automotive Vehicles
Table 3.15    Overview Table of Automatic Driving Route Planning Application
Table 3.16    Overview Table of Driver Assistance System for Displaying Surroundings of a Vehicle
Table 3.17    Leading Countries for Patent Filings
Table 3.18    Leading Companies with Automotive LiDAR Patents
Table 4.1    Laws and Regulatory Bodies for Autonomous Vehicle
Table 4.2    Autonomous Vehicle Testing in Different Countries
Table 4.3    Regulatory Agencies for Autonomous and Driverless Vehicle by Country
Table 4.4    Laser Category Classes
Table 6.1    Global Automotive LiDAR Market (by Value and by Volume), 2017-2028
Table 7.1    Global Automotive LiDAR Market by Application, $Million, 2017-2028
Table 8.1    Global Automotive LiDAR Market by Type, $Million, 2017-2028
Table 9.1    Level 3 (Conditional Automation) LiDAR by Type, $Million, 2017-2028
Table 9.2    Level 4 (High Automation) LiDAR by Type, $Million, 2017-2028
Table 9.3    Level 5 (Full Automation) LiDAR by Type, , $Million, 2017-2028
Table 10.1    North America Automotive LiDAR Market by Level of Automation, $Million, 2017-2028
Table 10.2    North America Automotive LiDAR Market by Country, $Million, 2017-2028
Table 10.3    The U.S. Automotive LiDAR Market by Level of Automation, $Million, 2017-2028
Table 10.4    Canada Automotive LiDAR Market by Level of Automation, $Million, 2017-2028
Table 10.5    Europe Automotive LiDAR Market by Level of Automation, $Million, 2017-2028
Table 10.6    Germany Automotive LiDAR Market by Level of Automation, $Million, 2017-2028
Table 10.7    The U.K. Automotive LiDAR Market by Level of Automation, $Million, 2017-2028
Table 10.8    France Automotive LiDAR Market by Level of Automation, $Million, 2017-2028
Table 10.9    APAC Automotive LiDAR Market by Level of Automation, $Million, 2017-2028
Table 10.10    China Automotive LiDAR Market by Level of Automation, $Million, 2017-2028
Table 10.11    Japan Automotive LiDAR Market by Level of Automation, $Million, 2017-2028
Table 10.12    South Korea Automotive LiDAR Market by Level of Automation, $Million, 2017-2028
Table 10.13    RoW Automotive LiDAR Market by Level of Automation, $Million, 2017-2028

List of Figures

Figure 1    Applications of Autonomous Vehicles
Figure 2    Sensor Position for ADAS System
Figure 3    Global Automotive LiDAR Market Size, $Million, 2017-2028
Figure 4    Global Automotive LiDAR Market Size, Unit, 2017-2028
Figure 5    Global Automotive LiDAR Market by Application, $Million, 2017-2028
Figure 6    Global Automotive LiDAR Market by Type, $Million, 2017-2028
Figure 7    Global Automotive LiDAR Market by Level of Automation, $Million, 2017-2028
Figure 8    Global Automotive LiDAR Market Share by Countries, 2017 & 2028 ($Million)
Figure 1.1    Market Dynamics of Automotive LiDAR
Figure 1.2    Complexity in Systems Leading to Failures
Figure 1.3    Factors for Semi-Conductor Companies in Automotive Industry
Figure 2.1    Organic & Inorganic Strategies Adopted by the Key Players
Figure 2.2    Share of Key Market Strategies & Developments
Figure 2.3    Product Pricing Analysis
Figure 2.4    Supply Chain Analysis of Global Automotive LiDAR Market
Figure 2.5    Market Share Analysis: Global Automotive LiDAR Market
Figure 2.6    Mechanical and Solid-State LiDAR Market Penetration Rate
Figure 3.1    Patent Share by Application
Figure 3.2    Number of LiDAR Patents Filed Per Year
Figure 4.1    Key Areas for Autonomous Vehicle Regulations
Figure 4.2    Short Term Policy Recommendations
Figure 4.3    Medium Term Policy Recommendation
Figure 4.4    Long Term Policy Recommendation
Figure 4.5    Testing Standards for Automotive LiDAR
Figure 5.1    Features of Different Automation Levels
Figure 5.2    Sensors in Different Levels of Automation
Figure 5.3    Sensor Applications in Autonomous Vehicles
Figure 5.4    Radar Applications
Figure 5.5    Sensor Numbers in Each Level of Automation
Figure 5.6    LiDAR Taxonomy
Figure 5.7    LiDAR Applications in Short, Mid, and Long-Term
Figure 5.8    Technology Trend in Autonomous Vehicles
Figure 5.9    Technology Hype Cycle
Figure 6.1    Global Automotive System Technology Road Map
Figure 6.2    Evolution of LiDAR Technology Market Value, $Million, 2017-2028
Figure 7.1    Automotive LiDAR Application Type
Figure 7.2    Global Automotive LiDAR Market Volume by Application, Units, 2017-2028
Figure 7.3    Robo-Taxi Automotive LiDAR Market Value, $Million, 2017-2028
Figure 7.4    ADAS and Autonomous Vehicle Automotive LiDAR Market Value, $Million, 2017-2028
Figure 8.1    Automotive LiDAR Type
Figure 8.2    Global Automotive LiDAR Market by Type, $Million, 2017-2028
Figure 8.3    Comparison: Mechanical LiDAR vs Solid State LiDAR
Figure 8.4    Mechanical Automotive LiDAR Market Value, $Million, 2017-2028
Figure 8.5    Benefits of Solid State LiDAR
Figure 8.6    Solid State Automotive LiDAR Market Value, $Million, 2017-2028
Figure 9.1    Global Automotive LiDAR Market: Different Level of Automation
Figure 9.2    Global Automotive Market Share Scenario by Level of Automation (%), 2017 & 2028
Figure 9.3    Key Technologies: Level 2 (Partial Automation) Automation
Figure 9.4    Level 2 (Partial Automation) Automotive LiDAR Market Value, $Million, 2017-2028
Figure 9.5    Key Technologies: Level 3 (Conditional Automation) Systems
Figure 9.6    Level 3 (Conditional Automation) Automotive LiDAR Market Value, $Million, 2017-2028
Figure 9.7    Level 3 Market Share Scenario by Type (%), 2017 & 2028
Figure 9.8    Key Technologies: Level 4 (High Automation)
Figure 9.9    Level 4 (High Automation) Automotive LiDAR Market Value, $Million, 2017-2028
Figure 9.10    Level 5 (Full Automation) Automotive LiDAR Market Value, $Million, 2017-2028
Figure 10.1    Global Automotive LiDAR Market by Geography
Figure 10.2    Global Automotive LiDAR Market by Geography
Figure 10.3    Global Automotive LiDAR Market Share by Geography, $Million, 2017-2028
Figure 10.4    Global Automotive LiDAR Market Share (%) by Geography, 2017 & 2028
Figure 10.5    North America Automotive LiDAR Market, $Million, 2017-2028
Figure 10.6    The U.S. Automotive LiDAR Market, $Million, 2017-2028
Figure 10.7    The Canada Automotive LiDAR Market, $Million, 2017-2028
Figure 10.8    Europe Automotive LiDAR Market, 2017-2028 ($Million)
Figure 10.9    Europe Automotive LiDAR Market Scenario by Country, 2017-2028
Figure 10.10    The Germany Automotive LiDAR Market, $Million, 2017-2028
Figure 10.11    The U.K. Automotive LiDAR Market, $Million, 2017-2028
Figure 10.12    The U.K. Automotive LiDAR Market, $Million, 2017-2028
Figure 10.13    APAC Automotive LiDAR Market, $Million, 2017-2028
Figure 10.14    APAC Automotive LiDAR Market Scenario by Country, $Million, 2017-2028
Figure 10.15    China Automotive LiDAR Market, $Million, 2017-2028
Figure 10.16    Japan Automotive LiDAR Market, $Million, 2017-2028
Figure 10.17    South Korea Automotive LiDAR Market, $Million, 2017-2028
Figure 10.18    RoW Automotive LiDAR Market, $Million, 2017-2028
Figure 10.19    RoW LiDAR Market Scenario by Region, $Million, 2017-2028
Figure 11.1    Benewake Co., Ltd.: Product Offerings
Figure 11.2    Continental AG: Product Offerings
Figure 11.3    Continental AG: Overall Financials, 2015-2017
Figure 11.4    Continental AG: Business Segment Revenue by Geography, 2015-2017
Figure 11.5    Continental AG: Business Segment Revenue Mix 2015-2017
Figure 11.6    Continental AG: SWOT Analysis
Figure 11.7    Garmin Ltd.: Product Offerings
Figure 11.8    Garmin Ltd.: Overall Financials, 2015-2017
Figure 11.9    Garmin Ltd.: Market Revenue by Business Segment
Figure 11.10    Garmin Ltd.: Market Revenue by Geographical Segmentation
Figure 11.11    Garmin Ltd: SWOT Analysis
Figure 11.12    GeoDigital International Inc.: Product Offerings
Figure 11.13    Infineon Technologies AG: Product Offerings
Figure 11.14    Infineon Technologies AG: Overall Financials, 2015-2017
Figure 11.15    Infineon Technologies AG: Business Segment Revenue, 2015-2017
Figure 11.16    Infineon Technologies AG: Business Segment Revenue by Geography, 2015-2017
Figure 11.17    Infineon Technologies: SWOT Analysis
Figure 11.18    Ibeo Automotive Systems: Product Offerings
Figure 11.19    Ibeo Automotive Systems GmbH: SWOT Analysis
Figure 11.20    Innoviz Technologies: Product offerings
Figure 11.21    LeddarTech: Product Offerings
Figure 11.22    LeddarTech: SWOT Analysis
Figure 11.23    Osram Licht AG: Product Offerings
Figure 11.24    Osram Licht AG: Overall Financials, 2015-2017
Figure 11.25    Osram Licht AG: Business Segment Revenue, 2015-2017
Figure 11.26    Osram Licht AG: Business Segment Revenue by Geography, 2015-2017
Figure 11.27    Osram Licht AG: SWOT Analysis
Figure 11.28    Phantom Intelligence Inc.: Product Offerings
Figure 11.29    Princeton Lightwave Inc.: Product Offerings
Figure 11.30    Quanergy Systems, Inc.  Inc.: Product Offerings
Figure 11.31    Quanergy Systems, Inc.  Inc.: SWOT Analysis
Figure 11.32    Sensata Technologies, Overall Financials, 2015-2017
Figure 11.33    Sensata Technologies, Segment Revenue, 2015-2017
Figure 11.34    Sensata Technologies: Geographical Revenue, 2015-2017
Figure 11.35    Sensata Technologies: SWOT Analysis
Figure 11.36    SensL Technologies Ltd: Product Offerings
Figure 11.37    TriLumina: Product Offerings
Figure 11.38    Velodyne LiDAR, Inc. : Product Offerings
Figure 11.39    Velodyne LiDAR, Inc. : SWOT Analysis
Figure 12.1    Global Automotive LiDAR Market Segmentation
Figure 12.2    Secondary Data Sources
Figure 12.3    Top Down and Bottom Up Approach for Global Automotive LiDAR Market
Figure 12.4    Global Automotive LiDAR Market Influencing Factors
Figure 12.5    Assumptions and Limitations

The global automotive industry is experiencing a huge surge of technological advancements and evolution since its origin in the nineteenth century. Many prospects for growth in the market are being created due to the convergence of various emerging technologies in the industries within the automotive ecosystem such as driverless vehicles, advanced vehicle sensors, and connected vehicle technologies, among others. This has now led to the advent of Advanced Driver Assist Systems (ADAS) for automobiles. These systems are intended to assist the driver in the driving process and make it easier for the driver to travel without worrying about the safety and control issues while driving. ADAS is expected to pave its way through semi-autonomous vehicles and ultimately, towards fully-automated vehicles.  

There has been a growing number of vehicle-related on-road fatalities because of the increasing number of vehicles on the road, and such incidents are bound to increase in the coming years. Perceiving this lack of safety in vehicles and driving process, there is a massive demand for ADAS features and functionalities in a vehicle in the current automotive market. However, ADAS and driverless vehicles work on the input provided by automated systems, therefore, necessitating the need for more accurate and dense data provided to the system. Cameras/RADARs/ultrasonic sensors are unable to meet these sensing requirements due to various operational limitations of these sensors, which in effect, raises the need for the usage of Light Detection and Ranging (LiDARs) for a higher level of automation.

Figure 1
Global Automotive LiDAR Market, 2018-2028

Global Automotive LiDAR Market

Source: Secondary Research and BIS Research Analysis

LiDAR devices use pulsed laser beam in order to calculate the distance of obstacles from any vehicles by emitting laser beams. The distance is measured by analyzing the time taken by the laser pulse to reflect and receive the sensors at receiving end. LiDAR sensors are used to scan the environment with a non-visible and non-harmful laser beam, which is used to visualize objects and measure ranges and create a 3D image of the vehicle’s environment. A LiDAR sensor has various advantages over other sensor systems such as a better range, field-of-view, accuracy, positioning, weather conditioning, and night-time performance among others. A LiDAR vehicle can also be used for various purposes apart from usage in the automotive industry such as for industrial topography, robotics, mining, military, surveying, and agriculture among others.  

The global automotive LiDAR market is anticipated to grow at a CAGR of 29.60% during the forecast period 2018-2028. The high growth rate in the volume of LiDARs is predicted due to rising customer demand, extensive usage of LiDARs in high-level automated vehicles, and an anticipated decline in manufacturing prices of LiDARs after the commencement of mass production.  

It has been observed that the automotive LiDAR industry is experiencing rapid growth. The global automotive LiDAR market is driven due to various factors influencing the market such as the increasing adoption of autonomous vehicles by automotive OEMs, the growing safety concerns in the automotive ecosystem, and the high investments in the recent years by various investors and companies. The eventual increase in acceptance by OEMs for using LiDARs in autonomous vehicles is expected to facilitate a higher growth rate for the automotive LiDAR market.  There are also various challenges which currently hinder the growth of the LiDAR market such as high prices of automotive LiDARs, and the complex design and development of LiDAR safety systems among others.  

At the same time, automotive LiDAR market, being at early stage, provides several opportunities for both LiDAR and semiconductor chip manufacturers for further growth and innovation such as the prospect of being an early market-entrant and a market leader in the automotive-grade LiDAR segment, which is yet to be fully explored by many LiDAR companies, among others.  

Automotive LiDARs are available in different types depending on the technology. The two most prominent ones are mechanical and solid-state LiDAR. The automotive LiDAR industry is witnessing a shift in the trend from mechanical automotive LiDARs to solid-state automotive LiDARs, due to the wide range of advantages offered by solid-state automotive LiDARs over mechanical automotive LiDARs. Solid-state LiDARs tend to be compact, hence, can be easily integrated into self-driving vehicles. Furthermore, with technological developments in fixed laser beam devices and elimination of mechanical parts, automotive LiDAR manufacturing companies may avoid the huge cost associated with the production of components of mechanical LiDAR, therefore, leading to a reduction in the overall production cost of automotive LiDAR solutions.

Depending upon the levels of automation- level 2 (partial automation), level 3 (conditional automation), level 4 (high automation) and level 5 (full automation), different types of LiDARs are integrated into vehicles. The market is expected to have a prominent presence of LiDARs for level 4 and 5 automation, due to rising demand for level 4 and 5 automotive LiDARs as various OEMs and companies will begin to introduce level 4 and 5 vehicles which would have more LiDAR sensors in those automotive systems, but the majority remains with level 3 automation.

Geographically, U.S. led the global automotive LiDAR market in 2017 in terms of value as the U.S. market had a major share in the global automotive LiDAR market for the year 2017. Factors such as the presence of major LiDAR manufacturers and automakers such as Ford Motors Company, General Motors, Velodyne LiDAR, Inc., and Quanergy Systems, among others, as well as advancements in the number of highly automated vehicles accounts for the high growth rate and major share of the U.S. in the automotive LiDAR market. Also, the growing demand of automotive LiDAR from the U.S. provides immense opportunities to players in the supply chain. For instance, it is expected that LiDAR component suppliers will play a significant role by collaborating with LiDAR manufacturers, in reducing the time required to mass produce LiDAR systems for the automotive market.  

The global automotive LiDAR market has witnessed several strategic and technological developments in the past few years, undertaken by the different market players to attain their respective market shares in this emerging domain. Some of the strategies covered in this section are product launches, partnerships and collaborations, and mergers and acquisitions. The preferred strategies for the companies have been partnerships and collaborations along with new product launches in order to strengthen their position in the global automotive LiDAR market.  

The key market players in the global automotive LiDAR market are Continental AG, Ibeo Automotive Systems GmbH, Garmin Ltd, Infineon Technologies, Innoviz Technologies, LeddarTech, Quanergy Systems, Inc., Phantom Intelligence, and Velodyne LiDAR, Inc., among others.

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With the advent of ADAS and autonomous vehicles, there is need for a system which can assist the driver in the driving process and make it easier for the driver to travel without worrying about the safety and control issues while driving. However, ADAS and driverless vehicles work on the input provided by automated systems, therefore, necessitating the need for more accurate and dense data provided to the system. Cameras/RADARs/ultrasonic sensors are unable to meet these sensing requirements due to various operational limitations of these sensors, which in effect, raises the need for the usage of Light Detection and Ranging (LiDARs) for a higher level of automation.

The global automotive LiDAR market is anticipated to grow at a significant rate during the forecast period 2018-2028. The high growth rate in the volume of LiDARs is predicted due to rising customer demand, extensive usage of LiDARs in high-level automated vehicles, tremendous development in the Research & Development (R&D) for automotive LiDAR to enhance the features of the LIDAR system, and an anticipated decline in manufacturing prices of LiDARs after the commencement of mass production.

The demand for automotive LiDAR varies according to various geographical regions. The automotive LiDAR market holds a prominent share in various countries of North America, Asia-Pacific (APAC), Europe, and Rest-of-the-World (RoW). Geographically, U.S. led the global automotive LiDAR market in 2017 in terms of value as the U.S. market had a major share in the global automotive LiDAR market for the year 2017. The presence of major LiDAR manufacturers and automakers such as Ford Motors Company, General Motors, Velodyne LiDAR, Inc., and Quanergy Systems, among others, as well as advancements in the number of highly automated vehicles accounts for the high growth rate and major share of the U.S. in the automotive LiDAR market. Also, the growing demand of automotive LiDAR from the U.S. provides immense opportunities to players in the supply chain. For instance, it is expected that LiDAR component suppliers will play a significant role by collaborating with LiDAR manufacturers, in reducing the time required to mass produce LiDAR systems for the automotive market. Additionally, APAC region is expected to witness one of the highest growth rates during the forecast period (2018-2028) owing to various factors such as government implementation towards upgradation of existing vehicles to ADAS and autonomous vehicles which uses LiDAR systems, high demand due to advancement in technology, and greater adaptation of autonomous vehicles and safety sensors such as LiDARs in these vehicles due to decreased cost.

The global automotive LiDAR market has witnessed several strategic and technological developments in the past few years, undertaken by the different market players to attain their respective market shares in this emerging domain. Some of the strategies covered in this section are product launches, partnerships and collaborations, and mergers and acquisitions. The preferred strategies for the companies have been partnerships and collaborations along with new product launches in order to strengthen their position in the global automotive LiDAR market.

The key market players in the global automotive LiDAR market are Continental AG, Ibeo Automotive Systems GmbH, Garmin Ltd, Infineon Technologies, Innoviz Technologies, LeddarTech, Quanergy Systems, Inc., Phantom Intelligence, and Velodyne LiDAR, Inc., among others.

The report is a compilation of different segments of global automotive LiDAR market including market breakdown by applications, types, technology, and geography. The report further takes into consideration the market dynamics and the competitive landscape. The report also discusses in detail about the key participants involved in the industry. The report answers the following questions about the global automotive LiDAR market:

Key questions answered in the report

•    What will be the global automotive LiDAR market value by 2028 along with the estimated CAGR?
•    What are the driving factors for the global automotive LiDAR market through 2017 to 2028?
•    Which factors are hindering the growth of the global automotive LiDAR market?
•    What are the recent trends and developments in the global automotive LiDAR market?
•    Which automotive LiDAR type will lead the global automotive LiDAR market by 2028? 
•    What is the revenue generated by automotive LiDAR across different application verticals during the forecast period (2018-2028)?  
•    Which application will dominate the global automotive LiDAR market by 2028?  
•    Which level of autonomous vehicle will dominate the global automotive LiDAR market by 2028?  
•    Which region will lead the global automotive LiDAR market by 2028?  
•    What is the patent landscape scenario for automotive LiDAR market?  
•    What is the direction of pricing of automotive LiDARs by 2028?  
•    What is the regulation landscape for autonomous vehicles and LiDAR systems?  
•    Who are the regulating bodies in charge of regulations related to autonomous and self-driving vehicles by 2028?  
•    What is the supply chain scenario for the automotive LiDAR market?  
•    What is the technology trend and roadmap related to autonomous vehicles and automotive LiDARs by 2028?

    Executive Summary
    1    Market Dynamics
          1.1    Market Drivers
                   1.1.1    Increasing Adoption of LiDARs in Automobiles
                   1.1.2    Superior Performance of LiDARs as Compared to Other Sensors
                   1.1.3    Growing Demand for Miniaturized Micro-Electro-Mechanical Systems (MEMS) Sensors
                   1.1.4    Increasing Adoption of Autonomous Vehicles by Automotive OEMs
                   1.1.5    Growing Safety Concern in the Automotive Ecosystem
                   1.1.6    High Investment in Autonomous Vehicles and Automotive LiDAR Space
          1.2    Market Challenges
                   1.2.1    High Price of Automotive LiDAR
                   1.2.2    Inaccurate Outputs in Adverse Weather Conditions
                   1.2.3    Complex Design and Development of LiDAR Safety Systems
          1.3    Market Opportunities
                   1.3.1    Scope of Multiple LiDAR Fitment Across All Levels of Automation to Create Vast Demand
                   1.3.2    Growing Market Share for Solid State LiDAR to Create Greater Opportunities for Players in its Ecosystem
                   1.3.3    Scope to Develop Tailor-Made Products by Partnering with Semiconductor Manufacturers
                   1.3.4    High Potential for Technical Innovation with Cost Reduction in Mind
                   1.3.5    Scope of Attaining Edge by Mass Production of LiDAR
 
    2    Competitive Landscape
          2.1    Introduction
                   2.1.1    Mergers and Acquisitions
                   2.1.2    Partnerships and Collaborations
                   2.1.3    Product Launch
                   2.1.4    Business Expansions
                   2.1.5    Others (Events & Recognitions)
          2.2    Product Pricing Analysis
          2.3    Supply Chain Analysis
          2.4    Market Share Analysis
          2.5    Competitive Rivalry
 
    3    Patent Analysis
          3.1    Introduction
                   3.1.1    Optical Phased Array LiDAR System and Methods of Usage
                   3.1.2    Omnidirectional LiDAR System
                   3.1.3    System and Method for Traffic Side Detection and Characterization
                   3.1.4    High Definition LiDAR System
                   3.1.5    Method for Localizing a Vehicle Equipped with Two LiDAR Systems
                   3.1.6    Vehicle LiDAR System
                   3.1.7    Vertical Alignment of a LiDAR Sensor
                   3.1.8    Detection and Ranging Methods and Systems
                   3.1.9    Low Cost Small Size LiDAR for Automotive
                   3.1.10  Roll Stability Control System for an Automotive Vehicle Using an External Environmental Sensing System
                   3.1.11  LiDAR System Utilizing SOI-Based Opto-Electronic Compounds
                   3.1.12  LiDAR System Comprising a Single-Photon Detector
                   3.1.13  Traffic Scanning LIDAR
                   3.1.14  First Warning System for Automotive Vehicles
                   3.1.15  Automatic Driving Route Planning Application
                   3.1.16  Driver Assistance System for Displaying Surroundings of a Vehicle
          3.2    Patent Landscape
 
    4    Regulations
          4.1    Overview
          4.2    Policy Recommendation for Autonomous Vehicle Regulation
          4.3    Autonomous LiDAR and Laser Safety
 
    5    Technological Overview
          5.1    Autonomous Vehicles
          5.2    Sensors in Autonomous Vehicles
                   5.2.1    Ultrasonic Sensors
                   5.2.2    Camera and Image Sensors
                   5.2.3    Radar Sensors
                   5.2.4    LiDAR Sensors
          5.3    LiDAR Categories
          5.4    LiDAR Subcomponents
          5.5    Future Trends and Developments in LiDAR Technologies
                   5.5.1    Frequency Modulated Continuous Wave LiDAR
                   5.5.2    128 Laser LiDAR
                   5.5.3    4D Video LiDAR Technology
                   5.5.4    iDAR
                   5.5.5    Image Grade LiDAR
          5.6    Autonomous Vehicle Technology Trend
 
    6    Global Automotive LiDAR Market Analysis and Forecast ($Million & Million Units)
          6.1    Assumptions & Limitations for Market Size Calculations
          6.2    Technology Road Map
          6.3    Market Overview
 
    7    Global Automotive LiDAR Market by Application ($Million & Million Units)
          7.1    LiDARs for Robo-Taxis
          7.2    LiDARs for ADAS and Autonomous Vehicles
 
    8    Global Automotive LiDAR Market by LiDAR Type ($Million)
          8.1    Mechanical Automotive LiDAR
          8.2    Solid State Automotive LiDAR
 
    9    Global Automotive LiDAR Market by Technology Level ($Million)
          9.1    Level 2 (Partial Automation)
          9.2    Level 3 (Conditional Automation)
          9.3    Level 4 (High Automation)
          9.4    Level 5 (Full Automation)
 
    10    Global Automotive LiDAR Vehicle Market by Geography ($Million)
            10.1    North America
                       10.1.1    The U.S
                       10.1.2    Canada
            10.2    Europe
                       10.2.1    Germany
                       10.2.2    The U.K.
                       10.2.3    France
            10.3    Asia Pacific
                       10.3.1    China
                       10.3.2    Japan
                       10.3.3    South Korea
            10.4    Rest of the World (RoW)
 
    11    Company Profiles
            11.1    Benewake Co., Ltd.
                       11.1.1    Company Overview
                       11.1.2    Corporate Summary
                       11.1.3    Product Offerings
            11.2    Continental AG
                       11.2.1    Company Overview
                       11.2.2    Corporate Summary
                       11.2.3    Product Offerings
                       11.2.4    Financials
                                     11.2.4.1    Business Segment Revenue Mix
                       11.2.5    Financial Summary
                       11.2.6    SWOT Analysis
            11.3    Garmin Ltd.
                       11.3.1    Company Overview
                       11.3.2    Corporate Summary
                       11.3.3    Product Offerings
                       11.3.4    Financials
                                     11.3.4.1    Business Segment Revenue
                                     11.3.4.2    Geographical Revenue
                        11.3.5    Financial Summary
                        11.3.6    SWOT Analysis
              11.4    GeoDigital International Inc.
                         11.4.1    Company Overview
                         11.4.2    Corporate Summary
                         11.4.3    Product Offerings
              11.5    Infineon Technologies AG
                         11.5.1    Company Overview
                         11.5.2    Corporate Summary
                         11.5.3    Product Offerings
                         11.5.4    Financials
                                       11.5.4.1    Overall Financials
                                       11.5.4.2    Business Segment Revenue
                                       11.5.4.3    Geographic Revenue Mix
                          11.5.5    Financial Summary
                          11.5.6    SWOT Analysis
                11.6    IBEO Automotive Systems GmBH
                           11.6.1    Company Overview
                           11.6.2    Corporate Summary
                           11.6.3    SWOT Analysis
                11.7     Innoviz Technologies
                            11.7.1    Company Overview
                            11.7.2    Corporate Summary
                            11.7.3    Product Offerings
                  11.8    LeddarTech
                            11.8.1    Company Overview
                            11.8.2    Corporate Summary
                            11.8.3    Product Offerings
                            11.8.4    SWOT Analysis
                 11.9    Osram Licht AG
                            11.9.1    Company Overview
                            11.9.2    Corporate Summary
                            11.9.3    Product Offerings
                            11.9.4    Financials
                                          11.9.4.1    Overall Financials
                                          11.9.4.2    Geographical Revenue
                            11.9.5    Financial Summary
                            11.9.6    SWOT Analysis
                 11.10   Phantom Intelligence Inc.
                             11.10.1    Company Overview
                             11.10.2    Corporate Summary
                             11.10.3    Product Offering
                  11.11   Princeton Lightwave Inc.
                             11.11.1    Company Overview
                             11.11.2    Corporate Summary
                             11.11.3    Product Offerings
                 11.12   Quanergy Systems, Inc.  Inc.
                             11.12.1    Company Overview
                             11.12.2    Corporate Summary
                             11.12.3    Product Offerings
                             11.12.4    SWOT Analysis
                 11.13   Sensata Technologies, Inc.
                             11.13.1    Company Overview
                             11.13.2    Corporate Summary
                             11.13.3    Financials
                             11.13.4    Financial Summary
                             11.13.5    SWOT Analysis
                 11.14   SensL Technologies Ltd
                             11.14.1    Company Overview
                             11.14.2    Corporate Summary
                             11.14.3    Product Offering
                  11.15   TriLumina, Corp.
                              11.15.1    Company Overview
                              11.15.2    Corporate Summary
                              11.15.3    Product Offerings
                   11.16   Velodyne LiDAR, Inc.
                               11.16.1    Company Overview
                               11.16.2    Corporate Summary
                               11.16.3    Product Offerings
                               11.16.4    SWOT Analysis
 
    12    Research Scope & BIS Methodology
            12.1    Scope of the Report
            12.2    Global Automotive LiDAR Market Research Methodology
 

List of Tables

Table 1    Comparison Between Sensing Technology
Table 1.1    Comparison of Features: LiDAR, Radar and Cameras
Table 2.1    Mergers and Acquisitions
Table 2.2    Partnerships and Collaborations
Table 2.3    Product Launches
Table 2.4    Business Expansion from 2016-2017
Table 2.5    Key Awards/Achievements/Events
Table 2.6    Mechanical Vs Solid-State LiDAR
Table 3.1    Overview of Optical Phased Array LiDAR System
Table 3.2    Overview of Omnidirectional LiDAR System
Table 3.3    Overview of Traffic Side Detection
Table 3.4    Overview of High Definition LiDAR System
Table 3.5    Overview of Localization of Vehicle with Two LiDAR
Table 3.6    Overview of Vehicle LiDAR System
Table 3.7    Overview Table for Vertical Alignment of LiDAR Sensor
Table 3.8    Overview Table of Detection and Ranging Methods
Table 3.9    Overview Table of Low Cost and Small Size LiDAR
Table 3.10    Overview Table of Roll Stability Control System
Table 3.11    Overview Table of SOI-based Opto-electronic Compounds
Table 3.12    Overview Table of a Single-photon Detector
Table 3.13    Overview Table of Traffic Scanning LiDAR
Table 3.14    Overview Table of First Warning System for Automotive Vehicles
Table 3.15    Overview Table of Automatic Driving Route Planning Application
Table 3.16    Overview Table of Driver Assistance System for Displaying Surroundings of a Vehicle
Table 3.17    Leading Countries for Patent Filings
Table 3.18    Leading Companies with Automotive LiDAR Patents
Table 4.1    Laws and Regulatory Bodies for Autonomous Vehicle
Table 4.2    Autonomous Vehicle Testing in Different Countries
Table 4.3    Regulatory Agencies for Autonomous and Driverless Vehicle by Country
Table 4.4    Laser Category Classes
Table 6.1    Global Automotive LiDAR Market (by Value and by Volume), 2017-2028
Table 7.1    Global Automotive LiDAR Market by Application, $Million, 2017-2028
Table 8.1    Global Automotive LiDAR Market by Type, $Million, 2017-2028
Table 9.1    Level 3 (Conditional Automation) LiDAR by Type, $Million, 2017-2028
Table 9.2    Level 4 (High Automation) LiDAR by Type, $Million, 2017-2028
Table 9.3    Level 5 (Full Automation) LiDAR by Type, , $Million, 2017-2028
Table 10.1    North America Automotive LiDAR Market by Level of Automation, $Million, 2017-2028
Table 10.2    North America Automotive LiDAR Market by Country, $Million, 2017-2028
Table 10.3    The U.S. Automotive LiDAR Market by Level of Automation, $Million, 2017-2028
Table 10.4    Canada Automotive LiDAR Market by Level of Automation, $Million, 2017-2028
Table 10.5    Europe Automotive LiDAR Market by Level of Automation, $Million, 2017-2028
Table 10.6    Germany Automotive LiDAR Market by Level of Automation, $Million, 2017-2028
Table 10.7    The U.K. Automotive LiDAR Market by Level of Automation, $Million, 2017-2028
Table 10.8    France Automotive LiDAR Market by Level of Automation, $Million, 2017-2028
Table 10.9    APAC Automotive LiDAR Market by Level of Automation, $Million, 2017-2028
Table 10.10    China Automotive LiDAR Market by Level of Automation, $Million, 2017-2028
Table 10.11    Japan Automotive LiDAR Market by Level of Automation, $Million, 2017-2028
Table 10.12    South Korea Automotive LiDAR Market by Level of Automation, $Million, 2017-2028
Table 10.13    RoW Automotive LiDAR Market by Level of Automation, $Million, 2017-2028

List of Figures

Figure 1    Applications of Autonomous Vehicles
Figure 2    Sensor Position for ADAS System
Figure 3    Global Automotive LiDAR Market Size, $Million, 2017-2028
Figure 4    Global Automotive LiDAR Market Size, Unit, 2017-2028
Figure 5    Global Automotive LiDAR Market by Application, $Million, 2017-2028
Figure 6    Global Automotive LiDAR Market by Type, $Million, 2017-2028
Figure 7    Global Automotive LiDAR Market by Level of Automation, $Million, 2017-2028
Figure 8    Global Automotive LiDAR Market Share by Countries, 2017 & 2028 ($Million)
Figure 1.1    Market Dynamics of Automotive LiDAR
Figure 1.2    Complexity in Systems Leading to Failures
Figure 1.3    Factors for Semi-Conductor Companies in Automotive Industry
Figure 2.1    Organic & Inorganic Strategies Adopted by the Key Players
Figure 2.2    Share of Key Market Strategies & Developments
Figure 2.3    Product Pricing Analysis
Figure 2.4    Supply Chain Analysis of Global Automotive LiDAR Market
Figure 2.5    Market Share Analysis: Global Automotive LiDAR Market
Figure 2.6    Mechanical and Solid-State LiDAR Market Penetration Rate
Figure 3.1    Patent Share by Application
Figure 3.2    Number of LiDAR Patents Filed Per Year
Figure 4.1    Key Areas for Autonomous Vehicle Regulations
Figure 4.2    Short Term Policy Recommendations
Figure 4.3    Medium Term Policy Recommendation
Figure 4.4    Long Term Policy Recommendation
Figure 4.5    Testing Standards for Automotive LiDAR
Figure 5.1    Features of Different Automation Levels
Figure 5.2    Sensors in Different Levels of Automation
Figure 5.3    Sensor Applications in Autonomous Vehicles
Figure 5.4    Radar Applications
Figure 5.5    Sensor Numbers in Each Level of Automation
Figure 5.6    LiDAR Taxonomy
Figure 5.7    LiDAR Applications in Short, Mid, and Long-Term
Figure 5.8    Technology Trend in Autonomous Vehicles
Figure 5.9    Technology Hype Cycle
Figure 6.1    Global Automotive System Technology Road Map
Figure 6.2    Evolution of LiDAR Technology Market Value, $Million, 2017-2028
Figure 7.1    Automotive LiDAR Application Type
Figure 7.2    Global Automotive LiDAR Market Volume by Application, Units, 2017-2028
Figure 7.3    Robo-Taxi Automotive LiDAR Market Value, $Million, 2017-2028
Figure 7.4    ADAS and Autonomous Vehicle Automotive LiDAR Market Value, $Million, 2017-2028
Figure 8.1    Automotive LiDAR Type
Figure 8.2    Global Automotive LiDAR Market by Type, $Million, 2017-2028
Figure 8.3    Comparison: Mechanical LiDAR vs Solid State LiDAR
Figure 8.4    Mechanical Automotive LiDAR Market Value, $Million, 2017-2028
Figure 8.5    Benefits of Solid State LiDAR
Figure 8.6    Solid State Automotive LiDAR Market Value, $Million, 2017-2028
Figure 9.1    Global Automotive LiDAR Market: Different Level of Automation
Figure 9.2    Global Automotive Market Share Scenario by Level of Automation (%), 2017 & 2028
Figure 9.3    Key Technologies: Level 2 (Partial Automation) Automation
Figure 9.4    Level 2 (Partial Automation) Automotive LiDAR Market Value, $Million, 2017-2028
Figure 9.5    Key Technologies: Level 3 (Conditional Automation) Systems
Figure 9.6    Level 3 (Conditional Automation) Automotive LiDAR Market Value, $Million, 2017-2028
Figure 9.7    Level 3 Market Share Scenario by Type (%), 2017 & 2028
Figure 9.8    Key Technologies: Level 4 (High Automation)
Figure 9.9    Level 4 (High Automation) Automotive LiDAR Market Value, $Million, 2017-2028
Figure 9.10    Level 5 (Full Automation) Automotive LiDAR Market Value, $Million, 2017-2028
Figure 10.1    Global Automotive LiDAR Market by Geography
Figure 10.2    Global Automotive LiDAR Market by Geography
Figure 10.3    Global Automotive LiDAR Market Share by Geography, $Million, 2017-2028
Figure 10.4    Global Automotive LiDAR Market Share (%) by Geography, 2017 & 2028
Figure 10.5    North America Automotive LiDAR Market, $Million, 2017-2028
Figure 10.6    The U.S. Automotive LiDAR Market, $Million, 2017-2028
Figure 10.7    The Canada Automotive LiDAR Market, $Million, 2017-2028
Figure 10.8    Europe Automotive LiDAR Market, 2017-2028 ($Million)
Figure 10.9    Europe Automotive LiDAR Market Scenario by Country, 2017-2028
Figure 10.10    The Germany Automotive LiDAR Market, $Million, 2017-2028
Figure 10.11    The U.K. Automotive LiDAR Market, $Million, 2017-2028
Figure 10.12    The U.K. Automotive LiDAR Market, $Million, 2017-2028
Figure 10.13    APAC Automotive LiDAR Market, $Million, 2017-2028
Figure 10.14    APAC Automotive LiDAR Market Scenario by Country, $Million, 2017-2028
Figure 10.15    China Automotive LiDAR Market, $Million, 2017-2028
Figure 10.16    Japan Automotive LiDAR Market, $Million, 2017-2028
Figure 10.17    South Korea Automotive LiDAR Market, $Million, 2017-2028
Figure 10.18    RoW Automotive LiDAR Market, $Million, 2017-2028
Figure 10.19    RoW LiDAR Market Scenario by Region, $Million, 2017-2028
Figure 11.1    Benewake Co., Ltd.: Product Offerings
Figure 11.2    Continental AG: Product Offerings
Figure 11.3    Continental AG: Overall Financials, 2015-2017
Figure 11.4    Continental AG: Business Segment Revenue by Geography, 2015-2017
Figure 11.5    Continental AG: Business Segment Revenue Mix 2015-2017
Figure 11.6    Continental AG: SWOT Analysis
Figure 11.7    Garmin Ltd.: Product Offerings
Figure 11.8    Garmin Ltd.: Overall Financials, 2015-2017
Figure 11.9    Garmin Ltd.: Market Revenue by Business Segment
Figure 11.10    Garmin Ltd.: Market Revenue by Geographical Segmentation
Figure 11.11    Garmin Ltd: SWOT Analysis
Figure 11.12    GeoDigital International Inc.: Product Offerings
Figure 11.13    Infineon Technologies AG: Product Offerings
Figure 11.14    Infineon Technologies AG: Overall Financials, 2015-2017
Figure 11.15    Infineon Technologies AG: Business Segment Revenue, 2015-2017
Figure 11.16    Infineon Technologies AG: Business Segment Revenue by Geography, 2015-2017
Figure 11.17    Infineon Technologies: SWOT Analysis
Figure 11.18    Ibeo Automotive Systems: Product Offerings
Figure 11.19    Ibeo Automotive Systems GmbH: SWOT Analysis
Figure 11.20    Innoviz Technologies: Product offerings
Figure 11.21    LeddarTech: Product Offerings
Figure 11.22    LeddarTech: SWOT Analysis
Figure 11.23    Osram Licht AG: Product Offerings
Figure 11.24    Osram Licht AG: Overall Financials, 2015-2017
Figure 11.25    Osram Licht AG: Business Segment Revenue, 2015-2017
Figure 11.26    Osram Licht AG: Business Segment Revenue by Geography, 2015-2017
Figure 11.27    Osram Licht AG: SWOT Analysis
Figure 11.28    Phantom Intelligence Inc.: Product Offerings
Figure 11.29    Princeton Lightwave Inc.: Product Offerings
Figure 11.30    Quanergy Systems, Inc.  Inc.: Product Offerings
Figure 11.31    Quanergy Systems, Inc.  Inc.: SWOT Analysis
Figure 11.32    Sensata Technologies, Overall Financials, 2015-2017
Figure 11.33    Sensata Technologies, Segment Revenue, 2015-2017
Figure 11.34    Sensata Technologies: Geographical Revenue, 2015-2017
Figure 11.35    Sensata Technologies: SWOT Analysis
Figure 11.36    SensL Technologies Ltd: Product Offerings
Figure 11.37    TriLumina: Product Offerings
Figure 11.38    Velodyne LiDAR, Inc. : Product Offerings
Figure 11.39    Velodyne LiDAR, Inc. : SWOT Analysis
Figure 12.1    Global Automotive LiDAR Market Segmentation
Figure 12.2    Secondary Data Sources
Figure 12.3    Top Down and Bottom Up Approach for Global Automotive LiDAR Market
Figure 12.4    Global Automotive LiDAR Market Influencing Factors
Figure 12.5    Assumptions and Limitations

The global automotive industry is experiencing a huge surge of technological advancements and evolution since its origin in the nineteenth century. Many prospects for growth in the market are being created due to the convergence of various emerging technologies in the industries within the automotive ecosystem such as driverless vehicles, advanced vehicle sensors, and connected vehicle technologies, among others. This has now led to the advent of Advanced Driver Assist Systems (ADAS) for automobiles. These systems are intended to assist the driver in the driving process and make it easier for the driver to travel without worrying about the safety and control issues while driving. ADAS is expected to pave its way through semi-autonomous vehicles and ultimately, towards fully-automated vehicles.  

There has been a growing number of vehicle-related on-road fatalities because of the increasing number of vehicles on the road, and such incidents are bound to increase in the coming years. Perceiving this lack of safety in vehicles and driving process, there is a massive demand for ADAS features and functionalities in a vehicle in the current automotive market. However, ADAS and driverless vehicles work on the input provided by automated systems, therefore, necessitating the need for more accurate and dense data provided to the system. Cameras/RADARs/ultrasonic sensors are unable to meet these sensing requirements due to various operational limitations of these sensors, which in effect, raises the need for the usage of Light Detection and Ranging (LiDARs) for a higher level of automation.

Figure 1
Global Automotive LiDAR Market, 2018-2028

Global Automotive LiDAR Market

Source: Secondary Research and BIS Research Analysis

LiDAR devices use pulsed laser beam in order to calculate the distance of obstacles from any vehicles by emitting laser beams. The distance is measured by analyzing the time taken by the laser pulse to reflect and receive the sensors at receiving end. LiDAR sensors are used to scan the environment with a non-visible and non-harmful laser beam, which is used to visualize objects and measure ranges and create a 3D image of the vehicle’s environment. A LiDAR sensor has various advantages over other sensor systems such as a better range, field-of-view, accuracy, positioning, weather conditioning, and night-time performance among others. A LiDAR vehicle can also be used for various purposes apart from usage in the automotive industry such as for industrial topography, robotics, mining, military, surveying, and agriculture among others.  

The global automotive LiDAR market is anticipated to grow at a CAGR of 29.60% during the forecast period 2018-2028. The high growth rate in the volume of LiDARs is predicted due to rising customer demand, extensive usage of LiDARs in high-level automated vehicles, and an anticipated decline in manufacturing prices of LiDARs after the commencement of mass production.  

It has been observed that the automotive LiDAR industry is experiencing rapid growth. The global automotive LiDAR market is driven due to various factors influencing the market such as the increasing adoption of autonomous vehicles by automotive OEMs, the growing safety concerns in the automotive ecosystem, and the high investments in the recent years by various investors and companies. The eventual increase in acceptance by OEMs for using LiDARs in autonomous vehicles is expected to facilitate a higher growth rate for the automotive LiDAR market.  There are also various challenges which currently hinder the growth of the LiDAR market such as high prices of automotive LiDARs, and the complex design and development of LiDAR safety systems among others.  

At the same time, automotive LiDAR market, being at early stage, provides several opportunities for both LiDAR and semiconductor chip manufacturers for further growth and innovation such as the prospect of being an early market-entrant and a market leader in the automotive-grade LiDAR segment, which is yet to be fully explored by many LiDAR companies, among others.  

Automotive LiDARs are available in different types depending on the technology. The two most prominent ones are mechanical and solid-state LiDAR. The automotive LiDAR industry is witnessing a shift in the trend from mechanical automotive LiDARs to solid-state automotive LiDARs, due to the wide range of advantages offered by solid-state automotive LiDARs over mechanical automotive LiDARs. Solid-state LiDARs tend to be compact, hence, can be easily integrated into self-driving vehicles. Furthermore, with technological developments in fixed laser beam devices and elimination of mechanical parts, automotive LiDAR manufacturing companies may avoid the huge cost associated with the production of components of mechanical LiDAR, therefore, leading to a reduction in the overall production cost of automotive LiDAR solutions.

Depending upon the levels of automation- level 2 (partial automation), level 3 (conditional automation), level 4 (high automation) and level 5 (full automation), different types of LiDARs are integrated into vehicles. The market is expected to have a prominent presence of LiDARs for level 4 and 5 automation, due to rising demand for level 4 and 5 automotive LiDARs as various OEMs and companies will begin to introduce level 4 and 5 vehicles which would have more LiDAR sensors in those automotive systems, but the majority remains with level 3 automation.

Geographically, U.S. led the global automotive LiDAR market in 2017 in terms of value as the U.S. market had a major share in the global automotive LiDAR market for the year 2017. Factors such as the presence of major LiDAR manufacturers and automakers such as Ford Motors Company, General Motors, Velodyne LiDAR, Inc., and Quanergy Systems, among others, as well as advancements in the number of highly automated vehicles accounts for the high growth rate and major share of the U.S. in the automotive LiDAR market. Also, the growing demand of automotive LiDAR from the U.S. provides immense opportunities to players in the supply chain. For instance, it is expected that LiDAR component suppliers will play a significant role by collaborating with LiDAR manufacturers, in reducing the time required to mass produce LiDAR systems for the automotive market.  

The global automotive LiDAR market has witnessed several strategic and technological developments in the past few years, undertaken by the different market players to attain their respective market shares in this emerging domain. Some of the strategies covered in this section are product launches, partnerships and collaborations, and mergers and acquisitions. The preferred strategies for the companies have been partnerships and collaborations along with new product launches in order to strengthen their position in the global automotive LiDAR market.  

The key market players in the global automotive LiDAR market are Continental AG, Ibeo Automotive Systems GmbH, Garmin Ltd, Infineon Technologies, Innoviz Technologies, LeddarTech, Quanergy Systems, Inc., Phantom Intelligence, and Velodyne LiDAR, Inc., among others.

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