Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Technology (Solid-state LiDAR, Mechanical LiDAR), By Image Type (2D, 3D), By ICE Vehicle Type (Passenger Cars, Commercial Vehicles), By Location (Bumpers & Grills, Headlights & Taillights, Roofs & Upper Pillars, Other Locations), By Electric Vehicle Type (BEV, FCEV, HEV, PHEV), By Maximum Range (Short & Mid-range (170 m and Below), Long-range (Above 170 m)), By Laser Wavelength (Near Infrared (NIR), Short-wave Infrared (SWIR), Long-wave Infrared (LWIR)), By Measurement Process (Frequency-modulated Continuous Wave (FMCW), Time of Flight (ToF)) And Competitive Landscape
Product Code: ETC4612506 | Publication Date: Jul 2023 | Updated Date: Oct 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | Europe Automotive LiDAR Market |
Forecast Period | 2024-2030 |
Forecast Size | USD 0.16 billion - USD 1.07 billion |
CAGR | 6.7% |
Growing Sector | Automotive Sector |
Europe Automotive LiDAR Market report thoroughly covers the market By Countries, By Technology, By ICE Vehicle Type, By Location, By Electric Vehicle Type, By Maximum Range, By Laser Wavelength, By Measurement Process. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Europe Automotive LiDAR Market was valued at USD 0.16 billion in 2020 and is expected to reach USD 1.07 billion by 2026, registering a CAGR of 6.7% during the forecast period (2021 - 2026). LiDAR (Light Detection and Ranging) technology has been gaining significant traction in the automotive industry, especially in Europe.
LiDAR is a remote sensing method that uses light in the form of a laser to measure distance and create high-resolution 3D maps of its surroundings. This technology plays a crucial role in advanced driver assistance systems (ADAS) and autonomous vehicles, making it an integral part of the future of mobility.
Europe Automotive LiDAR Market is expected to witness significant growth in the coming years due to various factors such as increasing demand for advanced driver assistance systems (ADAS) and autonomous vehicles, government regulations mandating the use of safety technologies, and advancements in LiDAR technology. LiDAR (Light Detection and Ranging) is a remote sensing method that uses laser beams to measure distance and create high-resolution 3D images of the environment. In the automotive industry, LiDAR sensors are used for object detection and mapping, making them a crucial component for ADAS and autonomous vehicles.
According to 6Wresearch, the Europe Automotive LiDAR Market Size is expected to reach at a significant CAGR of 6.7% during the forecast period 2024-2030. The increasing demand for advanced driver assistance systems (ADAS) and the need for improved safety features in vehicles are major drivers of the Europe automotive LiDAR market. Additionally, the growing popularity of self-driving cars and the push towards reducing road accidents are also driving the adoption of LiDAR technology in automobiles.
Despite its potential benefits, there are some challenges facing the Europe automotive LiDAR market. These include high costs associated with integrating LiDAR technology into vehicles and concerns about its reliability during extreme weather conditions. However, with ongoing research and development efforts, these challenges are expected to be addressed in the coming years.
One of the major trends in the Europe automotive LiDAR industry is the increasing adoption of advanced driver assistance systems (ADAS). These systems use LiDAR sensors to detect objects and provide warnings or take corrective actions to avoid collisions. As more vehicles are equipped with ADAS, the demand for LiDAR sensors is also expected to rise.
Another trend driving the growth of the European automotive LiDAR market is the development and testing of autonomous vehicles in the region. Several countries in Europe, such as Germany, France, and the UK, have been actively working on self-driving car projects. The integration of LiDAR sensors is a crucial step in making these autonomous vehicles safe and reliable for public use.
The usage of LiDAR technology in the automotive industry has been steadily increasing in recent years. As one of the key components of autonomous vehicles, LiDAR allows for accurate mapping and detection of objects, making it an essential tool for ensuring safety on the roads.
In Europe, the adoption of LiDAR technology in the automotive sector is being driven by factors such as government regulations promoting driver assistance systems and the growing demand for advanced driver-assistance systems (ADAS). This has created a significant market opportunity for companies operating in the automotive LiDAR sector.
Several leading players dominate the Europe Automotive LiDAR Market share, including both international and local manufacturers. Some of the key players in the Europe automotive LiDAR market include Velodyne Lidar, Inc., Quanergy Systems, Inc., Innoviz Technologies, Ltd., and Luminar Technologies. These companies are actively involved in research and development activities to improve the performance and reduce the costs associated with LiDAR technology. They are also entering into strategic partnerships and collaborations to expand their market presence.
Government regulations play a crucial role in shaping the adoption of LiDAR technology in the automotive industry. In Europe, there has been a push towards promoting advanced driver assist systems and improving road safety, which has resulted in favorable policies for the use of LiDAR technology in vehicles. This has further contributed to the growth of the Europe automotive LiDAR market. Furthermore, the presence of key players and ongoing research and development efforts in the region are expected to further contribute to the growth of the market.
The future of the Europe automotive LiDAR market looks promising, with continued advancements in technology and increasing investments in autonomous vehicles. The adoption of LiDAR technology is expected to become more widespread as it becomes increasingly affordable and reliable. This, coupled with favourable government regulations promoting road safety and driver assist systems, will drive the growth of the market in the coming years.
Additionally, collaborations between key players and partnerships with automotive manufacturers are also expected to open up new opportunities for growth in the future. Overall, the Europe automotive LiDAR market is poised for significant growth and development in the forecast period of 2024-2030. So, it is a promising market for investment opportunities in the coming years.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
The Europe Automotive LiDAR market is estimated to dominate the global market by countries, with Germany being one of the key contributors. The automotive industry in Germany has been a major driver for technological advancements and innovations, including the adoption of LiDAR technology.
According to Nitesh Kumar, Research Manager, 6Wresearch, solid-state LiDAR is expected to witness significant growth in the European market due to its advantages over traditional mechanical LiDAR systems. Solid-state LiDAR offers higher accuracy, faster scanning speed, and lower cost compared to mechanical LiDAR systems.
Passenger cars are currently the leading segment in the Europe automotive LiDAR market by ICE vehicle type. This is due to the increasing demand for advanced driver assistance systems (ADAS) and autonomous vehicles in passenger cars.
The one that is expected to grow in demand is Bumpers & Grills. This is due to the fact that these areas are more prone to damage and accidents, therefore requiring frequent replacements. Additionally, car manufacturers are increasingly incorporating LiDAR technology into bumpers and grills for advanced safety features such as automatic emergency braking and pedestrian detection.
Based on current market trends and projections, it is predicted that BEV (Battery Electric Vehicles) will experience the highest growth in demand within the Europe automotive LiDAR market. This can be attributed to various factors such as increasing government initiatives towards promoting electric vehicles, rising awareness about environmental concerns.
The Long-range segment is expected to witness significant growth in the demand for LiDAR technology in the European automotive market. This can be attributed to the increasing adoption of advanced driver assistance systems (ADAS) and autonomous vehicles, which require longer range LiDAR sensors for accurate detection and mapping of the surroundings.
The segment that is currently seeing the highest growth in demand for LiDAR technology in Europe is Short-wave Infrared (SWIR). This type of LiDAR operates at wavelengths between 1.5 and 3.0 micrometers, which allows it to have higher resolution and accuracy compared to other wavelengths.
Europe Automotive LiDAR market is segmented based on the measurement process, with two main types being Frequency-modulated Continuous Wave (FMCW) and Time of Flight (ToF). Both FMCW and ToF are widely used in the automotive industry to capture accurate and detailed 3D images for autonomous driving.
The market report has been segmented and sub segmented into the following categories:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Europe Automotive LiDAR Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Automotive LiDAR Market Revenues & Volume, 2020 & 2030F |
3.3 Europe Automotive LiDAR Market - Industry Life Cycle |
3.4 Europe Automotive LiDAR Market - Porter's Five Forces |
3.5 Europe Automotive LiDAR Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Europe Automotive LiDAR Market Revenues & Volume Share, By Technology, 2020 & 2030F |
3.7 Europe Automotive LiDAR Market Revenues & Volume Share, By Image Type, 2020 & 2030F |
3.8 Europe Automotive LiDAR Market Revenues & Volume Share, By ICE Vehicle Type, 2020 & 2030F |
3.9 Europe Automotive LiDAR Market Revenues & Volume Share, By Location, 2020 & 2030F |
3.10 Europe Automotive LiDAR Market Revenues & Volume Share, By Electric Vehicle Type, 2020 & 2030F |
3.11 Europe Automotive LiDAR Market Revenues & Volume Share, By Maximum Range, 2020 & 2030F |
3.12 Europe Automotive LiDAR Market Revenues & Volume Share, By Laser Wavelength, 2020 & 2030F |
4 Europe Automotive LiDAR Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Automotive LiDAR Market Trends |
6 Europe Automotive LiDAR Market, 2020 - 2030 |
6.1 Europe Automotive LiDAR Market, Revenues & Volume, By Technology, 2020 - 2030 |
6.2 Europe Automotive LiDAR Market, Revenues & Volume, By Image Type, 2020 - 2030 |
6.3 Europe Automotive LiDAR Market, Revenues & Volume, By ICE Vehicle Type, 2020 - 2030 |
6.4 Europe Automotive LiDAR Market, Revenues & Volume, By Location, 2020 - 2030 |
6.5 Europe Automotive LiDAR Market, Revenues & Volume, By Electric Vehicle Type, 2020 - 2030 |
6.6 Europe Automotive LiDAR Market, Revenues & Volume, By Maximum Range, 2020 - 2030 |
6.7 Europe Automotive LiDAR Market, Revenues & Volume, By Laser Wavelength, 2020 - 2030 |
6.8 Europe Automotive LiDAR Market, Revenues & Volume, By Measurement Process, 2020 - 2030 |
7 Germany Automotive LiDAR Market, 2020 - 2030 |
7.1 Germany Automotive LiDAR Market, Revenues & Volume, By Technology, 2020 - 2030 |
7.2 Germany Automotive LiDAR Market, Revenues & Volume, By Image Type, 2020 - 2030 |
7.3 Germany Automotive LiDAR Market, Revenues & Volume, By ICE Vehicle Type, 2020 - 2030 |
7.4 Germany Automotive LiDAR Market, Revenues & Volume, By Location, 2020 - 2030 |
7.5 Germany Automotive LiDAR Market, Revenues & Volume, By Electric Vehicle Type, 2020 - 2030 |
7.6 Germany Automotive LiDAR Market, Revenues & Volume, By Maximum Range, 2020 - 2030 |
7.7 Germany Automotive LiDAR Market, Revenues & Volume, By Laser Wavelength, 2020 - 2030 |
7.8 Germany Automotive LiDAR Market, Revenues & Volume, By Measurement Process, 2020 - 2030 |
8 United Kingdom Automotive LiDAR Market, 2020 - 2030 |
8.1 United Kingdom Automotive LiDAR Market, Revenues & Volume, By Technology, 2020 - 2030 |
8.2 United Kingdom Automotive LiDAR Market, Revenues & Volume, By Image Type, 2020 - 2030 |
8.3 United Kingdom Automotive LiDAR Market, Revenues & Volume, By ICE Vehicle Type, 2020 - 2030 |
8.4 United Kingdom Automotive LiDAR Market, Revenues & Volume, By Location, 2020 - 2030 |
8.5 United Kingdom Automotive LiDAR Market, Revenues & Volume, By Electric Vehicle Type, 2020 - 2030 |
8.6 United Kingdom Automotive LiDAR Market, Revenues & Volume, By Maximum Range, 2020 - 2030 |
8.7 United Kingdom Automotive LiDAR Market, Revenues & Volume, By Laser Wavelength, 2020 - 2030 |
8.8 United Kingdom Automotive LiDAR Market, Revenues & Volume, By Measurement Process, 2020 - 2030 |
9 France Automotive LiDAR Market, 2020 - 2030 |
9.1 France Automotive LiDAR Market, Revenues & Volume, By Technology, 2020 - 2030 |
9.2 France Automotive LiDAR Market, Revenues & Volume, By Image Type, 2020 - 2030 |
9.3 France Automotive LiDAR Market, Revenues & Volume, By ICE Vehicle Type, 2020 - 2030 |
9.4 France Automotive LiDAR Market, Revenues & Volume, By Location, 2020 - 2030 |
9.5 France Automotive LiDAR Market, Revenues & Volume, By Electric Vehicle Type, 2020 - 2030 |
9.6 France Automotive LiDAR Market, Revenues & Volume, By Maximum Range, 2020 - 2030 |
9.7 France Automotive LiDAR Market, Revenues & Volume, By Laser Wavelength, 2020 - 2030 |
9.8 France Automotive LiDAR Market, Revenues & Volume, By Measurement Process, 2020 - 2030 |
10 Italy Automotive LiDAR Market, 2020 - 2030 |
10.1 Italy Automotive LiDAR Market, Revenues & Volume, By Technology, 2020 - 2030 |
10.2 Italy Automotive LiDAR Market, Revenues & Volume, By Image Type, 2020 - 2030 |
10.3 Italy Automotive LiDAR Market, Revenues & Volume, By ICE Vehicle Type, 2020 - 2030 |
10.4 Italy Automotive LiDAR Market, Revenues & Volume, By Location, 2020 - 2030 |
10.5 Italy Automotive LiDAR Market, Revenues & Volume, By Electric Vehicle Type, 2020 - 2030 |
10.6 Italy Automotive LiDAR Market, Revenues & Volume, By Maximum Range, 2020 - 2030 |
10.7 Italy Automotive LiDAR Market, Revenues & Volume, By Laser Wavelength, 2020 - 2030 |
10.8 Italy Automotive LiDAR Market, Revenues & Volume, By Measurement Process, 2020 - 2030 |
11 Russia Automotive LiDAR Market, 2020 - 2030 |
11.1 Russia Automotive LiDAR Market, Revenues & Volume, By Technology, 2020 - 2030 |
11.2 Russia Automotive LiDAR Market, Revenues & Volume, By Image Type, 2020 - 2030 |
11.3 Russia Automotive LiDAR Market, Revenues & Volume, By ICE Vehicle Type, 2020 - 2030 |
11.4 Russia Automotive LiDAR Market, Revenues & Volume, By Location, 2020 - 2030 |
11.5 Russia Automotive LiDAR Market, Revenues & Volume, By Electric Vehicle Type, 2020 - 2030 |
11.6 Russia Automotive LiDAR Market, Revenues & Volume, By Maximum Range, 2020 - 2030 |
11.7 Russia Automotive LiDAR Market, Revenues & Volume, By Laser Wavelength, 2020 - 2030 |
11.8 Russia Automotive LiDAR Market, Revenues & Volume, By Measurement Process, 2020 - 2030 |
12 Spain Automotive LiDAR Market, 2020 - 2030 |
12.1 Spain Automotive LiDAR Market, Revenues & Volume, By Technology, 2020 - 2030 |
12.2 Spain Automotive LiDAR Market, Revenues & Volume, By Image Type, 2020 - 2030 |
12.3 Spain Automotive LiDAR Market, Revenues & Volume, By ICE Vehicle Type, 2020 - 2030 |
12.4 Spain Automotive LiDAR Market, Revenues & Volume, By Location, 2020 - 2030 |
12.5 Spain Automotive LiDAR Market, Revenues & Volume, By Electric Vehicle Type, 2020 - 2030 |
12.6 Spain Automotive LiDAR Market, Revenues & Volume, By Maximum Range, 2020 - 2030 |
12.7 Spain Automotive LiDAR Market, Revenues & Volume, By Laser Wavelength, 2020 - 2030 |
12.8 Spain Automotive LiDAR Market, Revenues & Volume, By Measurement Process, 2020 - 2030 |
13 Rest of Europe Automotive LiDAR Market, 2020 - 2030 |
13.1 Rest of Europe Automotive LiDAR Market, Revenues & Volume, By Technology, 2020 - 2030 |
13.2 Rest of Europe Automotive LiDAR Market, Revenues & Volume, By Image Type, 2020 - 2030 |
13.3 Rest of Europe Automotive LiDAR Market, Revenues & Volume, By ICE Vehicle Type, 2020 - 2030 |
13.4 Rest of Europe Automotive LiDAR Market, Revenues & Volume, By Location, 2020 - 2030 |
13.5 Rest of Europe Automotive LiDAR Market, Revenues & Volume, By Electric Vehicle Type, 2020 - 2030 |
13.6 Rest of Europe Automotive LiDAR Market, Revenues & Volume, By Maximum Range, 2020 - 2030 |
13.7 Rest of Europe Automotive LiDAR Market, Revenues & Volume, By Laser Wavelength, 2020 - 2030 |
13.8 Rest of Europe Automotive LiDAR Market, Revenues & Volume, By Measurement Process, 2020 - 2030 |
14 Europe Automotive LiDAR Market Key Performance Indicators |
15 Europe Automotive LiDAR Market - Opportunity Assessment |
15.1 Europe Automotive LiDAR Market Opportunity Assessment, By Countries, 2020 & 2030F |
15.2 Europe Automotive LiDAR Market Opportunity Assessment, By Technology, 2020 & 2030F |
15.3 Europe Automotive LiDAR Market Opportunity Assessment, By Image Type, 2020 & 2030F |
15.4 Europe Automotive LiDAR Market Opportunity Assessment, By ICE Vehicle Type, 2020 & 2030F |
15.5 Europe Automotive LiDAR Market Opportunity Assessment, By Location, 2020 & 2030F |
15.6 Europe Automotive LiDAR Market Opportunity Assessment, By Electric Vehicle Type, 2020 & 2030F |
15.7 Europe Automotive LiDAR Market Opportunity Assessment, By Maximum Range, 2020 & 2030F |
15.8 Europe Automotive LiDAR Market Opportunity Assessment, By Laser Wavelength, 2020 & 2030F |
15.9 Europe Automotive LiDAR Market Opportunity Assessment, By Measurement Process, 2020 & 2030F |
16 Europe Automotive LiDAR Market - Competitive Landscape |
16.1 Europe Automotive LiDAR Market Revenue Share, By Companies, 2023 |
16.2 Europe Automotive LiDAR Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |