LiDAR adoption: technology choices and supply chain management are the key enablers

ADAS and robotic vehicles will drive the LiDAR market from US$1.8 billion in 2020 to US$5.7 billion in 2026.

“The market for LiDAR in automotive and industrial applications is expected to reach US$5.7 billion in 2026, showing a significant 21% CAGR between 2020 and 2026”, asserts Alexis Debray, PhD. Senior Technology & Market Analyst, Photonic, Sensing & Semiconductor at Yole Développement (Yole). “In 2020, the LiDAR in ADAS represented only 1.5% of the automotive and industrial LiDAR market. But the ADAS proportion is expected to reach 41% in 2026.”

Therefore, the market research & strategy consulting company, Yole announces an impressive 111% CAGR during the 2020-2026 period, for this market segment. In that context, it will reach a market size of US$2.3 billion.

Titre du visuel

june 2021

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Thematic(s) :

In parallel, the growth in robotic cars, including robotaxis and autonomous shuttles, is expected to be less impressive but still important. This segment is expected to reach US$575 million in 2026 with a 33% CAGR over the same period.

In the industrial market, smart infrastructure and logistics are expected to see an higher growth. The smart infrastructure LiDAR market will reach US$395 million in 2026 with a 35% CAGR between 2020 and 2026. The logistics LiDAR market will reach US$466 million in 2026 with a 23% CAGR. In smart infrastructure, smart city applications are expected to be most important segment to look at.

Security, highway monitoring and autonomous checkout are other important applications. In logistics, autonomous trucks and delivery robots are expected to have the most significant growth…

Yole releases today its annual LiDAR technology & market report, titled LiDAR for Automotive & Industrial Applications. With this 2021 edition, Yole’s analysts propose an update of their market analysis by adding new focus on the supply chain, industrial applications, software & computing for ADAS, key LiDAR companies as well as additional reverse costing analyses. Aim of Yole’s LiDAR report is to deliver valuable market metrics and dynamics and offer an application-oriented focus on key existing market and the most promising emerging ones. Analysts reveal their deep understanding of the LiDAR business value chain, infrastructure and players. And they took a step back to analyze the major technology trends and their impact on the industry.

Since the invention of 3D real-time LiDAR by David Hall from Velodyne in 2005, more than 80 LiDAR companies have been established, reminds Yole in its report. Many of them have bet on new technologies. This has resulted in high technological diversity in the LiDAR landscape.
“Despite this great diversity, the oldest technologies are still representing most design wins for the automotive industry,” explains Pierrick Boulay, Senior Technology & Market in the fields of Solid-State Lighting and Lighting Systems at Yole. And he adds: “Considering the LiDAR wavelength, 1550nm is less dangerous to the human eye than 905nm and promises integration through the silicon platform. However, 905nm represents 65% of design wins for the automotive industry.”
For the imaging method, traditional mechanical scanning represents 69% of design wins. MEMS micromirror and Flash LiDAR are also making their way into automotive, but their proportion is smaller.

Concerning the ranging method, direct dToF represent 100% of design wins. FMCW , which allows better integration, sensitivity, and instant radial velocity, is not expected before 2025. The identification of LiDAR design wins and their detailed analysis with a relevant segmentation is unique. This year, Yole’s analysts took the time to make the direct link between technical innovations and applications, especially in the automotive domain. With their technical and market expertise, they identified the design wins and analyzed them, one by one to give an impressive evaluation and define rankings. Without doubts, among the overall design wins made public, 8 have been created by Valeo. This makes the French Tiers-1, by far, the leading LiDAR supplier in ADAS vehicles today. What will be the next steps?…

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