Automotive LIDAR Sensors Market Size, Share, Growth Analysis, By Application(Semi-Autonomous Vehicle, Autonomous Vehicles), By Technology(Mechanical LiDAR, Solid-state LiDAR), By Range(Short- & Mid-range, Long-range), By Vehicle(Time of Flight and Frequency-Modulated-Continuous-Wave (FMCW)), By Type(Internal Combustion Engine (ICE), Electric & Hybrid), By Region - Industry Forecast 2024-2031

Global Automotive LIDAR Sensors Market size was valued at USD 555 million in 2022 and is poised to grow from USD 782 million in 2023 to USD 12147.64 million by 2031, growing at a CAGR of 40.9% in the forecast period (2024-2031).

One of the common drivers of the global automotive LIDAR sensors market is the growing demand for semi-autonomous and fully autonomous vehicles. Increase in adoption of automotive safety features with stringent government standards establish specific mandatory operational systems to configure specific operational systems such as automatic emergency braking systems automation leading to exponential vehicle lidars development and source reduction, delivery time and production.

Like the U.S. has been mandated by regional governments for AEB and other safety systems, which use technology in combination or alone with radar, sensors and lidar Such regulations require automakers to use Lidar as their fully integrated ADAS of luxury segment cars. Despite these efforts and strides, many companies, especially Tesla and many organizations are still hesitant to jump on the LIDAR wagon. The main issue is related to price because low-cost infrared bolometers with other techniques can reduce costs, for example as they cost up to a few dollars compared to thousands for LIDARs.