English

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

1406
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
  • Scientists use glass to create femtosecond lasers

    Image source: Federal Institute of Technology in Lausanne, SwitzerlandScience and Technology Daily, Beijing, September 27th (Reporter Zhang Jiaxin) Commercial femtosecond lasers are manufactured by placing optical components and their mounting bases on a substrate, which requires strict alignment of optical components. So, is it possible to manufacture femtosecond lasers entirely from glas...

    2023-09-28
    See translation
  • Laser driven leap forward: the next generation of magnetic devices for controlling light is born

    Recently, a new laser heating technology developed by a Japanese research group has paved the way for advanced optical communication equipment by integrating transparent magnetic materials into optical circuits.This breakthrough was recently published in the journal Optical Materials. It is crucial for integrating magneto-optical materials and optical circuits, which has been a significant long-te...

    2023-12-21
    See translation
  • Photovoltaic converters for power transmission systems

    Scientists from the University of Hahn in Spain and the University of Santiago de Compostela conducted research to determine the most suitable semiconductor materials for high-power light transmission in terrestrial and underwater environments.HPOT, also known as laser power transfer, is a method of transmitting continuous power to a remote system using a monochromatic light source through an opti...

    2023-12-29
    See translation
  • New Progress: III-V Laser and Silicon Optics Technology Achieve Single Chip High Integration

    Recently, Scientific Photonics, a supplier of silicon photonic integrated circuits (PICs) headquartered in Grenoble, announced that it has successfully integrated III-V-DFB lasers and amplifiers with standard silicon photonic technology into the production process of Tower Semiconductor.By utilizing proprietary technology and standard silicon photonics, Scientific Photonics has achieved full inte...

    2024-03-01
    See translation
  • Researchers have proposed a new idea for quasi particle driven ultra bright light sources, which can be used in various applications from non-destructive imaging to chip manufacturing

    An international team of scientists is rethinking the fundamental principles of radiation physics, aiming to create ultra bright light sources. In a new study published in Nature Photonics, researchers from the Higher Institute of Technology in Lisbon, Portugal, the University of Rochester, the University of California, Los Angeles, and the Optical Applications Laboratory in France proposed the us...

    2023-10-24
    See translation