Automotive LiDAR Market Projected to reach $9.59 billion in 2030
The global automotive LiDAR market is projected to reach USD 9.59 billion by 2030, growing from USD 1.19 billion in 2024 at a CAGR of 41.6%. The growth of the market can be attributed to the push of OEMs for a high level of vehicle autonomy, driving the integration of LiDAR systems into sensor suites alongside cameras and radars for improved perception and safety. Many OEMs are integrating LiDAR systems...
Automotive LiDAR Market Value to Reach $8,611 Million by 2030
The global automotive LiDAR market is projected to grow from USD 555 million in 2022 to USD 8,611 million by 2030, at a CAGR of 40.9%. Parameters such as increasing demand for premium vehicles, in conjunction with growing adoption of ADAS technology by automotive OEMs are expected to support the revenue growth of the automotive LiDAR market during the forecast period. Further, developments in autonomous...