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According to our LPI (LP Information) latest study, the global Solid-State LiDAR market size was valued at US$ 965 million in 2023. With growing demand in downstream market, the Solid-State LiDAR is forecast to a readjusted size of US$ 5915.1 million by 2030 with a CAGR of 29.6% during review period.
The research report highlights the growth potential of the global Solid-State LiDAR market. Solid-State LiDAR are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Solid-State LiDAR. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Solid-State LiDAR market.
Solid state LiDAR is gaining traction as a promising technology that is cheaper, faster, and provides higher resolution than traditional LiDAR, with predictions that its price range could eventually hundreds of dollars per unit.
Europe is the largest market with about 49% market share. USA is follower, accounting for about 27% market share.
The key players are Velodyne, Quanergy, LeddarTech, ABAX Sensing, Ibeo, Trilumina, Innoviz, Strobe, Aeye, Luminar, Continental AG, Xenomatix, Imec, Robosense, Genius Pro, Benewake, Hesai etc.
Key Features:
The report on Solid-State LiDAR market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Solid-State LiDAR market. It may include historical data, market Segmentation by Type (e.g., MEMS Based Scanning, Phase Array), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Solid-State LiDAR market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Solid-State LiDAR market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Solid-State LiDAR industry. This include advancements in Solid-State LiDAR technology, Solid-State LiDAR new entrants, Solid-State LiDAR new investment, and other innovations that are shaping the future of Solid-State LiDAR.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Solid-State LiDAR market. It includes factors influencing customer ' purchasing decisions, preferences for Solid-State LiDAR product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Solid-State LiDAR market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Solid-State LiDAR market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Solid-State LiDAR market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Solid-State LiDAR industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Solid-State LiDAR market.
Market Segmentation:
Solid-State LiDAR market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
- MEMS Based Scanning
- Phase Array
- Non-Scanning Flash
Segmentation by application
- Automotive
- Industrial
- Security
This report also splits the market by region:
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- Velodyne
- Quanergy
- LeddarTech
- ABAX Sensing
- Ibeo
- Trilumina
- Innoviz
- Strobe
- Aeye
- Luminar
- Continental AG
- Xenomatix
- Imec
- Robosense
- Genius Pro
- Benewake
- Hesai
Key Questions Addressed in this Report
What is the 10-year outlook for the global Solid-State LiDAR market?
What factors are driving Solid-State LiDAR market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Solid-State LiDAR market opportunities vary by end market size?
How does Solid-State LiDAR break out type, application?