English

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

1435
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
  • Mei Xin Sheng: The development of high-precision polarized light crown products has been completed

    On September 5, when Mei Xin Sheng held an analyst meeting, it said that the company has launched a fully integrated ultra-low power optical proximity detection sensor and a three-in-one ambient light and proximity detection sensor with ultra-high sensitivity, which have entered mass production.The research and development of high-precision polarized light crown products has been completed, the fe...

    2023-09-05
    See translation
  • New nanophotonic circuits demonstrate the potential of quantum networks

    The Purdue University team in the United States has captured alkali metal atoms (cesium) in integrated photonic circuits, which can serve as transistors for photons (the smallest energy unit of light). These captured atoms demonstrate for the first time the potential of cold atom integrated nanophotonic circuits to construct quantum networks. The research results were published in the latest issue...

    2024-08-14
    See translation
  • Laser blasting promises to solve global plastic problem

    Recently, researchers announced the development of a way to use laser blasting to break down plastic and other material molecules into their smallest parts for future reuse.This method involves placing these materials on a two-dimensional material called transition metal dichalcogenides and then irradiating them with light.This discovery has the potential to improve the way we handle plastics that...

    2024-07-16
    See translation
  • TRUMPF will launch a fully automatic laser drilling machine for interconnected manufacturing equipped with a 6-kilowatt fiber laser

    TRUMPF introduced its TruMatic 5000 manufacturing unit and new SheetMaster automatic loading and unloading device technology at the 2023 Blechexpo Metal Plate Processing Exhibition in Stuttgart, Germany.Users of the new system will benefit from fully automatic laser cutting, punching, and forming capabilities. The new SheetMaster device can achieve fully automated material flow within the manufact...

    2023-10-23
    See translation
  • Progress in the study of ultrafast electron dynamics using short light pulses

    When electrons move in molecules or semiconductors, their time scale is unimaginably short. The Swedish German team, including Dr. Jan Vogelsang from the University of Oldenburg, has made significant progress in these ultrafast processes: researchers are able to track the dynamics of electrons released on the surface of zinc oxide crystals using laser pulses with nanoscale spatial resolution and p...

    2024-01-08
    See translation