English

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

1388
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 assisted detection of past climate in ice cores

    Around the poles, ice accumulated over millions of years can reach depths of several kilometers. The undisturbed deep ice preserves information about the past. The air bags and particles trapped in the ice tell scientists what the atmosphere used to be like. This has aroused great interest among paleoclimatologists in glacier ice cores.By regularly sampling the ice core at its depth, they can reco...

    2023-11-01
    See translation
  • German team develops and promotes laser technology for formable hybrid components

    Scientists from the Hanover Laser Center (LZH) in Germany are studying two laser based processes for producing load adapted hybrid solid components.From a transaction perspective, mixing semi-finished products can help save materials and production costs, but if the components that need to be replaced are made of expensive materials, these materials need to meet high requirements in future use, su...

    2023-08-16
    See translation
  • Researchers propose NeuFlow: an efficient optical flow architecture that can solve high-precision and computational cost issues

    Real time and high-precision optical flow estimation is crucial for analyzing dynamic scenes in computer vision. Although traditional methods are fundamental, they often encounter issues with computation and accuracy, especially when executed on edge devices. The emergence of deep learning has driven the development of this field, providing higher accuracy, but at the cost of sacrificing computati...

    2024-03-23
    See translation
  • Micro optical technology based on metasurfaces has become a hot topic

    Introduction and application of a micro optical platform using metasurfacesMetasurfaces are artificial materials that excel in manipulating perception. Due to the fact that metasurfaces can reduce the size of lenses to one thousandth of traditional lenses, they have attracted great attention as optical components for miniaturization of next-generation virtual reality, augmented reality, and LiDAR ...

    2024-02-02
    See translation
  • A professor from Sun Yat sen University proposes a new clean energy technology for laser manufacturing

    Energy conversion technology is an important research direction in modern science and engineering. Scientists are exploring new catalytic chemical methods to achieve the conversion of energy chemicals, such as photocatalysis and electrocatalysis. However, these highly anticipated catalytic chemistry technologies still have some problems in practical applications, and there is still a certain dista...

    2024-06-13
    See translation