English

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

1464
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
  • The green and blue laser diode series provides higher beam quality

    Rutronik has expanded its optoelectronic product portfolio by introducing green and blue laser diodes packaged in metal cans TO38 and TO56 using AM OSRAM. They leave a deep impression with improved beam quality and stricter electro-optic tolerances. The power level of the laser diode ranges from 10mW to 100mW. Diodes such as PLT3 520FB and PLT5 450GB are now available on the market.The flexibility...

    2024-01-31
    See translation
  • Ultra fast laser nova PulseX Laser completes over 10 million yuan of financing

    PulseX Laser, a rising star in the field of ultrafast lasers, has recently completed a financing of over 10 million yuan, with this round of financing exclusively invested by Changlei Capital.As a representative of the forefront of technology today, ultrafast lasers play an important role in many industries. In the field of material processing, ultrafast lasers, with their ultra short pulse width ...

    2024-07-09
    See translation
  • Progress made by the Precision Measurement Institute in Thorium Ion Trapping Research

    Recently, the Cold Molecular Ion Research Group of the Institute of Precision Measurement has made significant progress in the loading, trapping, and recognition of thorium ions. The related research results have been published as cover and selected articles in the international physics journal Journal of Applied Physics, titled "Loading and identifying variable charged thorium ions in a linear io...

    2024-06-21
    See translation
  • Laser-induced graphene sensor can diagnose diabetes through breath samples

    In the U.S., one in five of the 37 million adults who has diabetes is not aware of it (according to the U.S. CDC – Centers for Disease Control & Prevention). Current methods of diagnosing diabetes and prediabetes usually require a visit to a doctor’s office or lab work, both of which can be expensive and time-consuming. Now, diagnosing diabetes and prediabetes may be as simple as breathing. ...

    09-08
    See translation
  • French research team successfully develops new orange laser

    A research team in France has reported a novel laser that emits light in the orange region of the spectrum, indicating its potential applications in flow cytometry and astronomical laser guidance.In the research results just published in Optics Express, the team (including researchers from the É cole Polytechnique in Caen, France and Oxxius, a laser manufacturer based in Lannion) claimed that the ...

    03-04
    See translation