Automotive LiDAR Industry The global automotive LiDAR market size is expected to reach USD 942.1 million by 2030, registering a CAGR of 9.4% during the forecast period, according to a new report by Grand View Research, Inc. The surging acceptance of automobile safety application arenas and sophisticated technology incorporations in automobile driving automation are expected to...

Automotive LiDAR Industry The global automotive LiDAR Market size was valued at USD 504.2 million in 2023 and is estimated to grow at a CAGR of 9.4% from 2024 to 2030. The automotive light detection and ranging (LiDAR) market is driven by the increasing adoption of autonomous and ADAS technologies, stricter safety regulations, technological advancements, and growing consumer demand for enhanced...

The global automotive LiDAR market was valued at approximately USD 504.2 million in 2023, and it is projected to grow at a compound annual growth rate (CAGR) of 9.4% from 2024 to 2030. Several factors are driving this market, including the increasing adoption of autonomous vehicles and Advanced Driver Assistance Systems (ADAS), stricter safety regulations, technological advancements,...