Lidar sales to reach $ 2.9 billion in 2025

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The specialists of TrendForce analytical company tried to predict the development of the lidar market. These devices allow you to obtain information about the surrounding objects using active optical systems. Lidars are used in driver assistance systems (ADAS) and self-driving, industrial and smart city solutions. Last year, the lidar market was $ 682 million. year. As demand for these applications grows, analysts predict rapid growth in lidar sales. TrendForce expects the market to reach $ 2.932 billion in 2025. This figure corresponds to an average annual growth of 34%.

Lidar sales to reach $ 2.9 billion in 2025

Moreover, the lion’s share of sales will fall on the automotive segment. This is due to the development of driver assistance systems and self-driving vehicles. In these, lidars are a critical component. They are used to detect objects, build maps and improve the accuracy of vehicle location. Automotive lidar revenue is expected to reach $ 2.434 billion in 2025. The main players in this segment are Velodyne, Valeo, Quanergy Systems, ibeo, Continental, LeddarTech, INNOVIZ, HESAI, LeiShen and Luminar.

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