Key Factors for Global Solid-State LiDAR Market to Show 28.5% Growth Rate to 2028

Solid state LiDAR is gaining traction as a promising technology that is cheaper, faster, and provides higher resolution than traditional LiDAR, with predictions that its price range could eventually hundreds of dollars per unit.

Europe is the largest market with about 49% market share. USA is follower, accounting for about 27% market share.

The key players are Velodyne, Quanergy, LeddarTech, ABAX Sensing, Ibeo, Trilumina, Innoviz, Strobe, Aeye, Luminar, Continental AG, Xenomatix, Imec, Robosense, Genius Pro, Benewake, Hesai etc.

The global Solid-State LiDAR market was valued at US$ 2176.8 million in 2020 and it is expected to reach US$ 4441.5 million by the end of 2027, growing at a CAGR of 28.5% during 2021-2027.

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

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The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type

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

Segment by Application

  • Automotive
  • Industrial
  • Security

By Company

  • Velodyne
  • Quanergy
  • LeddarTech
  • ABAX Sensing
  • Ibeo
  • Trilumina
  • Innoviz
  • Strobe
  • Aeye
  • Luminar
  • Continental AG
  • Xenomatix
  • Imec
  • Robosense
  • Genius Pro
  • Benewake
  • Hesai

Production by Region

  • North America
  • Europe
  • China

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)


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