Solid-State LiDAR Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Velodyne, Quanergy, LeddarTech, ABAX Sensing, Ibeo, Trilumina

Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Solid-State LiDAR market is expected to register a phenomenal CAGR of 37.7% during the review period (2022 to 2027).

Solid-State LiDAR Market Overview

Solid-state LiDAR is a remote sensing technology wholly built on a silicon chip that emits a laser pulse beam onto the object to define measurements. It assesses the arrival time of the reflected beam by photodiodes with the receiving sensor. It is used for 3D representation of objects, autonomous vehicles, air quality monitoring, intelligent machine vision and robotics, and service robots in hospitals, clinics, among others. The manufacture of solid-state LiDAR is cheap as no moving parts are involved. It is used alongside other sensors such as object detection and identification, cameras, and RADAR for mapping, and navigation.

Expanding drone production is another driving factor that is increasing the demand for solid-state LiDAR sensors. Further, the demand for Solid State Lidar is also influenced by its use in the development of self-driving cars. Robosense company which is the leader in LiDAR technology has demonstrated its patented RS-LiDAR-M1 model under MEMS technology.

Recent Development

December 10, 2020 -Velodyne Lidar, Inc. (Nasdaq: VLDR) announced the Velarray M1600, an innovative solid state lidar sensor designed to serve mobile robotic applications. The sensor is the latest in a new line of Velarray products and first in the new M-series. It is built using Velodyne’s breakthrough proprietary micro-lidar array architecture (MLA) and leverages Velodyne’s manufacturing partnerships for cost optimization and high-volume production.

Who are the Major Players in Solid-State LiDAR Market?

The Solid-State LiDAR Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end-users. The three dependencies for the status of major companies in the market are company profile, profitable gross margin, the prices they charge. These are the main players in this market including Velodyne Lidar, Inc. (NasdaqGS:VLDR), Quanergy Systems, Inc. (NYSE:QNGY), LeddarTech, ABAX Sensing, Ibeo, Trilumina, Innoviz Technologies Ltd. (NasdaqCM:INVZ), Strobe, Aeye  Inc. (NasdaqCM:LIDR), TetraVue, Continental AG (Berlin:CON.BE), Xenomatix, Imec, Robosense, Genius Pro, Benewake, Hesai and others.

What are the major Applications, Types and Regions for Solid-State LiDAR Market?

By Type, it is segmented into

• MEMS-Based Scanning


• Phase Array


• Non-Scanning Flash

By Applications, it is segmented into

• Automotive


• Industrial


• Security

Solid-State LiDAR Market Regional Analysis

The demand in Europe can be pegged to increase in consumer awareness about the safety of the passenger and traceability of the vehicle in the critical time in self-driving concept cars, as the companies such as BMW, Porsche, Daimler, Volkswagon develops are undertaking the development of the technology. After Europe, North America holds the demand for electric vehicles and an increase in the usage of lidar for passenger safety in the automobile. Asia -Pacific countries such as China, South-Korea, Japan can witness the emerging trend in the development of the technology as have enormous engineering potential and manufacturing scale in countries such as China.

• North America
  
  
  
  
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• Europe
  
  
  
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• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
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• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

Geographically, the European market having the shared leading of automobile and engineering firms nations such as Germany, France, Italy has potential demand for Solid-State LiDAR technology. 

What is our Solid-State LiDAR Market report scope?

Key Takeaways from this Solid-State LiDAR Report

• Evaluate Solid-State LiDAR market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end-use applications and by different industries verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor's performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Solid-State LiDAR market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

The Solid-State LiDAR Market is studied from 2017 - 2027.

What is the growth rate of Solid-State LiDAR Market?

The Solid-State LiDAR Market is growing at a CAGR of 37.7% over the next 5 years.

Who are the leading key players in Solid-State LiDAR Market?

Velodyne Lidar, Inc. (NasdaqGS:VLDR), Quanergy Systems, Inc. (NYSE:QNGY), LeddarTech, ABAX Sensing, Ibeo, Trilumina, Innoviz Technologies Ltd. (NasdaqCM:INVZ), Strobe, Aeye  Inc. (NasdaqCM:LIDR), TetraVue, Continental AG (Berlin:CON.BE), Xenomatix, Imec, Robosense, Genius Pro, Benewake, Hesai and others.

What regions regions does this Solid-State LiDAR Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Solid-State LiDAR Market?

MEMS-Based Scanning, Phase Array, Non-Scanning Flash

What are the significant Applications of Solid-State LiDAR Market?

Automotive, Industrial, Security

All our reports are custom made to your company's needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report as your needs.