Automotive LIDAR Market - Forecast(2025 - 2031)
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The global automotive LiDAR Market size was valued at USD 504.2 million in 2023 and is estimated to grow at a CAGR of 9.4% from 2024 to 2030.
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Automotive LiDAR system uses pulsed laser light to measure the distance between two vehicles by illuminating the desired target and measuring the reflected pulses using a sensor. Automotive system utilizes LIDAR to #automatically control #vehicle speed and braking systems in response to sudden changes in traffic conditions. Primarily, it is used in semi or fully autonomous vehicles assistance features such as collision warning & avoidance systems, blind-spot monitors, lane-keep assistance, lane-departure warning, and adaptive cruise control. Earlier, sonar & radar systems were used in the automotive industry; however, automotive LiDAR have replaced them in automated systems.
Factors such as increase in developments of semi-autonomous & #autonomous_vehicle, rise in emphasis from the governments for #ADAS incorporated vehicles, and surge in investments & funding in LiDAR startups are expected to drive the market growth. However, high cost of LiDAR system and environmental constraints & optical vulnerability pose a challenge for use of LiDAR hinder the market growth.
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LiDAR provides highly accurate distance measurements, which are crucial for the precise detection and localization of objects around a vehicle.
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LiDAR creates detailed 3D maps of the vehicle's surroundings, helping in better understanding and interpretation of the environment.
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By providing accurate real-time data about the surroundings, LiDAR enhances the safety of #autonomous and semi-autonomous driving systems.
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With precise data from #LiDAR, #autonomous systems can make better decisions, such as when to #brake, accelerate, or steer to avoid obstacles.
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