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The Global Automotive LiDAR System-on-Chip (SoC) Market Size is valued at 24.07 billion in 2023 and is predicted to reach 132.75 billion by the year 2031 at a 23.94% CAGR during the forecast period for 2024-2031.
As an essential component of autonomous vehicles, automotive sensor chips can acquire external environment data for driverless vehicles and increase the safety of autonomous driving. With the advancement of autonomous driving technology, the demand for sensor chips in automobiles will continue to rise, as will the expectations for product performance.
The number of automobile cameras is steadily increasing as autonomous driving technology advances. The income generated by the sales of SoCs in various regions is included in the market sizing. The analysis also examines important market metrics, underlying growth influencers, and significant industry vendors, which helps to support market estimates and growth rates over the forecast period.
However, COVID-19 had a substantial commercial influence in various ways. The epidemic impacted the whole semiconductor industry's supply chain by disrupting shipping and transportation activities and limiting labor access.
Competitive Landscape:
Some of the Automotive LiDAR System-on-Chip (SoC) Market Players are:
- Indie Semiconductor, Inc.
- Mobileye
- RoboSense
- Ouster, Inc.
- Aeva Inc.
- SiLC Technologies, Inc.
- Scantinel
- Voyant Photonics, Inc.
- Quaenergy Systems, Inc.
- Velodyne Lidar, Inc.
- Innoviz Technologies Ltd
- Luminar Technologies, Inc.
- General Motors
- Volkswagen AG
- Ford Motor Company
- BMW Group
- Other Market Players
Market Segmentation:
The Automotive LiDAR System-on-Chip (SoC) Market is segmented on the basis of vehicle type, level of autonomy, range type, and perception type. Vehicle type includes passenger cars, commercial vehicles, and robo taxis. The level of autonomy segment includes semi-autonomous and fully autonomous. By range type, the market is segmented into short-to-medium-range LiDAR and medium-to-long-range LiDAR. The perception type segment includes 2D & 3D, and 4D. Propulsion Type segment includes electric vehicles, and internal combustion engine vehicles.
Based On Perception Type, The 4D Segment Is Accounted As A Major Contributor In The Automotive LiDAR System-on-Chip (SoC) Market
The 4D category is expected to hold a major share in the global Automotive LiDAR System-on-Chip (SoC) Market in 2024. At the moment, radar chip suppliers are mostly from abroad, with NXP, Infineon, TI, and others dominating the market. High-resolution radar and 4D radar have arisen as a result of the ongoing development of autonomous driving. Radar chips are now firmly part of the technology iteration cycle. Domestic suppliers may have an opportunity to take the lead, and the market pattern will shift.
The Passengers Cars Segment Witnessed Growth At A Rapid Rate
The passenger cars segment is projected to grow at a rapid rate in the global Automotive LiDAR System-on-Chip (SoC) Market owing to the revolutionary automotive solution to deliver safety-critical applications and autonomous driving solutions. The rising demand for higher bandwidth and other networking aspects to denote Advanced Driver Assistance Systems is propelling market expansion. As a result, the Automotive SoC Market is expected to be driven by rising demand for increased functional safety and other possible developments for automated driving.
In The Region, the North America Automotive LiDAR System-on-Chip (SoC) Market Holds A Significant Revenue Share
The North America Automotive LiDAR System-on-Chip (SoC) Market is expected to report the highest market share in terms of revenue in the near future. This can be due to the breakthrough automotive solution that supplies safety-critical applications and autonomous driving solutions. The increasing need for better bandwidth and other networking components to represent Advanced Driver Assistance Systems drives market growth. As a result, the rising demand for greater functional safety and other potential improvements for automated driving is likely to drive the Automotive SoC Market.
Owing to the breakthrough automotive solution to supply safety-critical applications and autonomous driving solutions is expected to boost the market. The increasing necessity for better bandwidth and other networking components to represent Advanced Driver Assistance Systems is driving the market growth. As a result, the rising need for greater functional safety and other potential improvements for automated driving is likely to drive the Automotive SoC Market.
Automotive LiDAR System-on-Chip (SoC) Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2023 |
USD 24.07 Bn |
|
Revenue forecast in 2031 |
USD 132.75 Bn |
|
Growth rate CAGR |
CAGR of 23.94% from 2024 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Billion, Volume (Thousand Unit) and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Vehicle Type, Level Of Autonomy, Range, Perception, and Propulsion |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South Korea; Southeast Asia |
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Competitive Landscape |
Indie Semiconductor, Inc., Mobileye, RoboSense, Ouster, Inc., Aeva Inc., SiLC Technologies, Inc., Scantinel, Voyant Photonics, Inc., Quaenergy Systems, Inc., Velodyne Lidar, Inc., Innoviz Technologies Ltd, Luminar Technologies, Inc., General Motors, Volkswagen AG, Ford Motor Company, BMW Group |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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