Automotive Grade Solid-State LiDAR
Market
Automotive Grade Solid-State LiDAR Market Scope:
Industry Analysis, Market Size, Growth, Trends Till 2031
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Automotive Grade Solid-State LiDAR Market Size and Growth
The Automotive Grade Solid-State LiDAR market is experiencing robust growth, driven by advancements in autonomous vehicle technology and safety requirements. The market is projected to reach approximately $1.2 billion by 2028, reflecting a compound annual growth rate (CAGR) of around 22%. Increasing demand for precision sensors is fueling innovation and investment.
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Companies Covered
(Covid 19 Impact Covered)
◍ Velodyne
◍ Innoviz
◍ LeddarTech
◍ Luminar
◍ Continental AG
◍ Ouster
◍ Robosense
◍ Hesai
◍ Leishen LiDAR
The automotive grade solid-state LiDAR market features key players like Velodyne, Innoviz, LeddarTech, Luminar, Continental AG, Ouster, Robosense, Hesai, and Leishen LiDAR. These companies develop advanced LiDAR technologies, enhancing safety and automation in vehicles, thus driving market growth. Revenue figures include:
- Luminar: $35 million
- Ouster: $30 million
- Innoviz: $25 million
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Market Segmentation
By Application
Passenger Car
Commercial Vehicle
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By Product
Hybrid Solid-state
All Solid-state
Market Growth
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$ X Billion USD
