The rising application of solid-state lidar in the automotive industry will promote its product development. The vigorous research and development of car companies and consumer awareness of this product will play an important role in their growth in the market. At present, many auto companies have adopted anti-lock braking system (ABS) as an option or standard for their vehicles, and it is expected that laser pointer radar products will also show growth.
Many companies have carried out road tests of autonomous driving prototypes, most of which are equipped with mechanical lidar. This product has dominated the automotive market, and this situation has been going on for some time. However, the quality of such products is fragile, bulky, and expensive. The above-mentioned disadvantages make car companies face many challenges during the integration of vehicle equipment.
The 2025 automotive-grade lidar market is expected to show substantial growth in the future. Segmentation of the global automotive lidar market. Divided by application type: ADAS, AEB, Adaptive Cruise Control (ACC) by car company type: Audi, BMW, Cadillac, Ford, Mercedes-Benz, Tesla, Volvo.
By 2025, the market for various application types will show a growth trend. As the popularity of green laser pointer radar among consumers and competition between similar products intensify, more and more car companies will pay attention to this device in the future. And integrate it into its vehicles. In addition, the technology is currently used in drones, urban planning, and meteorology.