LiDAR adoption: technology choices and supply chain management are the key enablers

ADAS and robotic vehicles will drive the LiDAR market from US$1.8 billion in 2020 to US$5.7 billion in 2026.

“The market for LiDAR in automotive and industrial applications is expected to reach US$5.7 billion in 2026, showing a significant 21% CAGR between 2020 and 2026”, asserts Alexis Debray, PhD. Senior Technology & Market Analyst, Photonic, Sensing & Semiconductor at Yole Développement (Yole). “In 2020, the LiDAR in ADAS represented only 1.5% of the automotive and industrial LiDAR market. But the ADAS proportion is expected to reach 41% in 2026.”

Therefore, the market research & strategy consulting company, Yole announces an impressive 111% CAGR during the 2020-2026 period, for this market segment. In that context, it will reach a market size of US$2.3 billion.

In parallel, the growth in robotic cars, including robotaxis and autonomous shuttles, is expected to be less impressive but still important. This segment is expected to reach US$575 million in 2026 with a 33% CAGR over the same period.

In the industrial market, smart infrastructure and logistics are expected to see an higher growth. The smart infrastructure LiDAR market will reach US$395 million in 2026 with a 35% CAGR between 2020 and 2026. The logistics LiDAR market will reach US$466 million in 2026 with a 23% CAGR. In smart infrastructure, smart city applications are expected to be most important segment to look at.

Security, highway monitoring and autonomous checkout are other important applications. In logistics, autonomous trucks and delivery robots are expected to have the most significant growth… Full story


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