chanelink logo
CHANELINK
English

The estimated output value of the LiDAR market in 2029 is expected to reach 5.352 billion US dollars

145
2025-01-22 14:14:49
See translation

Market research firm TrendForce Consulting released an industry insight report today, stating that currently LiDAR is mainly used in the automotive market for passenger cars and unmanned taxis, while in the industrial market it supports applications such as robotics, factory automation, and logistics.

The report points out that driven by Level 3 and more advanced auto drive system system and logistics transportation, it is estimated that the output value of the lidar market will grow from 1.181 billion US dollars in 2024 (IT Home notes: about 8.665 billion yuan at present) to 5.352 billion US dollars in 2029 (about 39.267 billion yuan at present), with a compound annual growth rate of 35%.

Market output value of automotive LiDAR from 2024 to 2029



Market output value of industrial LiDAR from 2024 to 2029

Faced with market competition pressure, automobile manufacturers not only actively adopt advanced technologies such as adaptive headlights and through type taillights, but also continue to introduce laser radar technology into passenger cars to achieve advanced driving assistance systems and Level 3 autonomous driving functions, mainly promoting car manufacturers such as Volvo, General Motors, Audi, Volkswagen, BMW, Hyundai, Hongqi, Changan, Ideal, Wenjie, NIO, Toyota, Nissan, etc.

Lidar can assist traffic detection systems, helping traffic regulatory authorities collect accurate lane usage data in real-time to identify solutions to improve traffic flow and enhance pedestrian safety. Household appliances such as robotic vacuum cleaners and companion robots have also adopted LiDAR technology to achieve synchronous positioning and map construction (SLAM).

Source: Laser Manufacturing Network

Related Recommendations

  • Tsinghua University makes progress in the field of pre sensing optical computing

    In the era of the Internet of Things, visual image sensors, as key devices in the intelligent society, are embedded in various devices such as mobile communication terminals, smart wearable devices, automobiles, and industrial machines. With the continuous expansion of applications, higher requirements have been put forward for the system power consumption, response speed, safety performance, and ...

    2024-08-05
    See translation

  • Lumentum Holdings changes CEO

    On February 3, 2025, Lumentum Holdings has appointed Michael Hurlston as its President, CEO, and Director, effective from February 7. Hurlston replaces Alan Lowe, who has been serving as the company's President and CEO since 2015. Lowe will continue to serve as a member of Lumentum's board of directors and as a consultant to the company.Lumentum is a major supplier of high-speed optical transceive...

    02-06
    See translation

  • MKS Instruments will build a factory in Malaysia

    Recently, American semiconductor equipment manufacturer MKS Instruments announced plans to build a factory in Penang, Malaysia to support the production of wafer manufacturing equipment in the region and globally. This development plan will be divided into three stages to build a new factory, and it is expected to break ground and start construction in early 2025.Why choose to build a factory in M...

    2024-06-26
    See translation

  • AWOL Vision will showcase cutting-edge laser projectors and award-winning innovations at CEDIA 2023

    AWOL Vision has announced that it will be showcasing the latest innovations in home entertainment at this year's CEDIA Expo in Denver, Colorado from September 7-9.At the show, AWOL Vision will debut the new LVV-3000 Pro and LVV-3500 Pro laser projectors with Dolby Vision and Control4 integration, and will showcase the latest Vanish TV, The TV recently received the prestigious "IFA 2023 Best of the...

    2023-09-08
    See translation

  • Amplitude launches femtosecond lasers for industrial applications

    Recently, French femtosecond pulse and high peak power (PW class) laser manufacturer Amplitude announced that the company has launched a newly designed Satsuma X femtosecond laser, setting a new benchmark for industrial environments.This product was first announced in 2022 and is now available in a brand new design with proven durability and versatility. In pursuit of excellence and customer satis...

    2024-07-02
    See translation