English

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

1523
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
  • Laser technology reveals hidden gases in complex mixtures

    Laser Network reported on January 11th that modern equipment has been fine tuned to detect highly specific gases, including trace gases found in the atmosphere, gases present in combustion exhaust emissions, and gases used in technology plasma applications.They achieve this by calculating the percentage of light at a certain wavelength that is absorbed or attenuated by the sample. This way, the co...

    2024-01-11
    See translation
  • Infinira launches an optical solution for 1.6 Tbps ICE-D data centers

    Infinira, an expert in optical network solutions, announced the launch of a high-speed data center optical transmission module based on single-chip indium phosphide (InP) photonic integrated circuit (PIC) technology. The company claims that the module will connect at a speed of 1.6 terabits per second (Tb/s), while reducing the cost and power consumption per bit.Yingfeilang stated that its data ce...

    2024-03-18
    See translation
  • Comparison of Blue and Infrared Wavelength in Pure Nickel Laser Deep Fusion Welding Process

    It is reported that researchers from BIAS Bremer Institution f ü r angewandte Strahltechnik GmbH in Germany have reported a comparative study of laser deep penetration welding processes for pure nickel using blue and infrared light wavelengths. The related research was published in Welding in the World under the title "Process comparison of laser deep penetration welding in pure nickel using blue ...

    2024-08-13
    See translation
  • LOTMAXX Announces the Launch of a Multifunctional 3D Printer with Laser Cutting Function

    LOTMAXX has announced the launch of the ET model, a new type of 3D printer that can also be used as a laser cutting machine. According to the manufacturer, the core component is a fast direct extruder with a printing speed of up to 500 millimeters per second.LOTMAXX ET features an all metal casing with a printing volume of 250 x 250 x 265 mm. According to the announcement, as a special feature, th...

    2023-11-09
    See translation
  • Semiconductor lasers will support both TE and TM modes

    Typically, for lasers in optical communication systems, waveguide designs are used to achieve a single transverse mode. By adjusting the thickness of the surrounding area of the cladding layer and the etching depth of the ridge in the ridge waveguide device, a single mode device can be obtained. The importance of lasers is reflected in the following aspects:A chip without ridge waveguide design an...

    2023-10-20
    See translation