English

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

1360
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
  • New laser technology unlocks deuterium release in aluminum layers

    In a recent study, quadrupole mass spectrometry was used to measure the number of deuterium atoms in the aluminum layer.A recent study led by the National Institute of Laser, Plasma, and Radiation Physics and Sasa Alexandra Yehia Alexe from the University of Bucharest explored the details of laser induced ablation and laser induced desorption techniques using a 1053 nm laser source. The study was ...

    2023-11-25
    See translation
  • Breakthrough in Light Manipulation: Revealing New Finite Barrier Bound States

    Exploring the propagation and localization of waves in various media has always been a core focus of optics and acoustics. Specifically, in photonics and phononics, scientists have been dedicated to understanding and controlling the behavior of light and sound waves in periodic media.Photonic crystals have unique bandgap characteristics, providing an excellent platform for studying wave propagatio...

    2024-03-25
    See translation
  • FGI utilizes Fraunhofer's LiDAR technology for maritime surveying

    The highly respected Finnish Institute of Geospatial Studies will utilize the advanced LiDAR system developed by the Fraunhofer Institute of Physical Measurement Technology for future ocean surface surveys. Significant progress is expected in data quality and on-site measurement efficiency, and the state-owned research department is collaborating with Fraunhofer IPM on a joint project. They are jo...

    2024-02-14
    See translation
  • The Role of Active Tunable Laser in GeSn Nanomechanical Oscillator in Nat Nanotechnology

    It is reported that researchers from Nanyang Technological University in Singapore, Federal Institute of Technology Lausanne in Switzerland, Physics Laboratory of Higher Normal University in Paris, National Center for Scientific Research in France, Sorbonne University, City University of Paris, University of Leeds in the UK, and Korean Academy of Science and Technology (KAIST) have reported on the...

    2024-05-14
    See translation
  • Three core processes of laser soldering support the development of PCB electronics industry

    In the field of modern electronic manufacturing, PCB (printed circuit board) serves as the carrier of electronic components. In its manufacturing process, laser soldering technology has become a key link in PCB electronic manufacturing due to its advantages of high precision, high efficiency, and low thermal impact. This article will explore the application of laser soldering technology and its ma...

    2024-04-15
    See translation