English

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

1143
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
  • Technology Frontiers | What is the Next Generation Laser?

    Since the 1960s, lasers have brought revolutionary changes to the world and have now become an indispensable tool in modern applications, from cutting-edge surgical procedures and precision manufacturing to fiber optic data transmission. However, with the increasing demand for laser applications, challenges have also arisen. For example, the market for fiber lasers is constantly expanding, mainly ...

    2024-06-21
    See translation
  • Renowned companies such as TRUMPF and Jenoptik participate in high-power laser projects in Germany

    High power laser diodes will be key components of future fusion power plants.Recently, the German Federal Ministry of Education and Research (BMBF) launched a new project called "DioHELIOS". The project will last for 3 years and is part of BMBF's "Fusion 2040" funding program, which aims to build the first nuclear fusion power plant in Germany by 2040.The project will last for three years and rece...

    2024-11-09
    See translation
  • Laser printing on fallen leaves can produce sensors for medical and laboratory use

    The manufacturing of sensors through 3D printing combines speed, design freedom, and the possibility of using waste as a substrate. In the circular economy model, various results have been achieved, and typically discarded residues are used as low-cost resources. A research team in Brazil has proposed a highly creative solution that involves printing electrochemical sensors on fallen leaves. The t...

    2024-05-16
    See translation
  • Laser communication is expected to completely change optical links

    Laser technology is becoming a game changer in the field of satellite communication (SATCOM), capable of creating ultra secure networks that can transmit large amounts of data at unprecedented speeds through satellite networks and constellations.With continuous progress, the industry is ready for growth and collaboration, seizing the untapped potential of disconnected populations. The ability to h...

    2023-09-20
    See translation
  • San’an and Inari acquire Lumileds for $239 million

    San’an Optoelectronics, an LED chip manufacturer, based in China, and Inari Amertron Berhad, a Malaysian company that provides outsourced semiconductor assembly and test (“OSAT”) services to the semiconductor industry, are to acquire Lumileds Holding B.V. and its European and Asian subsidiaries (“Lumileds International”). Lumileds is based in Schiphol, The Netherlands.The all-cash deal is valued a...

    08-13
    See translation