Solid-State LiDAR Market Insights and Growth by 2031
Solid-State LiDAR is a remote sensing technology which emits beam of laser pulse for finding out the measurements of the objects. It is entirely built on silicon chips and is used for 3D representation of objects, autonomous vehicle, air quality monitoring, intelligent machine vision and robotics, and service robots in hospitals, clinics, among others. The production 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.
MARKET DYNAMICS
One of the major factor driving the growth of solid-state LiDAR market is the increasing investment in research and development for commercializing the autonomous vehicle technology. Other factors contributing towards the growth of the market are: growing application areas of MEMS across various fields such as dynamic solid-state lighting, laser tracking on unmanned aerial vehicles, and increasing demand for passenger cars among the population. According to the International Organization of Motor Vehicle producers, in 2021, more than 70 million passenger cars were manufactured.
MARKET SCOPE
The "Global Solid-State LiDAR Market Analysis to 2031" is a specialized and in-depth study of the technology, media, and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the solid-state LiDAR market with detailed market segmentation by type, application, and geography. The global solid-state LiDAR market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading solid-state LiDAR market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global solid-state LiDAR market is segmented on the basis of type and application. Based on type, the market is segmented into: MEMS-based scanning, optical phased arrays, and flash LiDAR. By application, the market is segmented into: intelligent machine vision and robotics, assisted surgery, air quality monitoring, aerial drones, autonomous vehicles, and automation of factory robots.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global solid-state LiDAR market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The solid-state LiDAR market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the solid-state LiDAR market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the solid-state LiDAR in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global solid-state LiDAR market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The solid-state LiDAR market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the solid-state LiDAR market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the solid-state LiDAR in these regions.
MARKET PLAYERS
The reports cover key developments in the solid-state LiDAR market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from solid-state LiDAR market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the solid-state LiDAR market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the solid-state LiDAR market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AEye, Inc.
- Continental AG
- Delphi Automotive PLC
- Infineon Technologies AG
- Innoviz Technologies Ltd.
- Innovusion
- LeddarTech Inc.
- Quanergy Systems, Inc.
- RoboSense
- Velodyne Lidar, Inc.
The Insight Partners dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Solid-State LiDAR Market - By Type
1.3.2 Solid-State LiDAR Market - By Application
1.3.3 Solid-State LiDAR Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. SOLID-STATE LIDAR MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. SOLID-STATE LIDAR MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. SOLID-STATE LIDAR MARKET - GLOBAL MARKET ANALYSIS
6.1. SOLID-STATE LIDAR - GLOBAL MARKET OVERVIEW
6.2. SOLID-STATE LIDAR - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SOLID-STATE LIDAR MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. MEMS-BASED SCANNING
7.3.1. Overview
7.3.2. MEMS-Based Scanning Market Forecast and Analysis
7.4. OPTICAL PHASED ARRAYS
7.4.1. Overview
7.4.2. Optical Phased Arrays Market Forecast and Analysis
7.5. FLASH LIDAR
7.5.1. Overview
7.5.2. Flash LiDAR Market Forecast and Analysis
8. SOLID-STATE LIDAR MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. INTELLIGENT MACHINE VISION AND ROBOTICS
8.3.1. Overview
8.3.2. Intelligent Machine Vision and Robotics Market Forecast and Analysis
8.4. ASSISTED SURGERY
8.4.1. Overview
8.4.2. Assisted Surgery Market Forecast and Analysis
8.5. AIR QUALITY MONITORING
8.5.1. Overview
8.5.2. Air Quality Monitoring Market Forecast and Analysis
8.6. AERIAL DRONES
8.6.1. Overview
8.6.2. Aerial Drones Market Forecast and Analysis
8.7. AUTONOMOUS VEHICLES
8.7.1. Overview
8.7.2. Autonomous Vehicles Market Forecast and Analysis
8.8. AUTOMATION OF FACTORY ROBOTS
8.8.1. Overview
8.8.2. Automation of Factory Robots Market Forecast and Analysis
9. SOLID-STATE LIDAR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Solid-State LiDAR Market Overview
9.1.2 North America Solid-State LiDAR Market Forecasts and Analysis
9.1.3 North America Solid-State LiDAR Market Forecasts and Analysis - By Type
9.1.4 North America Solid-State LiDAR Market Forecasts and Analysis - By Application
9.1.5 North America Solid-State LiDAR Market Forecasts and Analysis - By Countries
9.1.5.1 United States Solid-State LiDAR Market
9.1.5.1.1 United States Solid-State LiDAR Market by Type
9.1.5.1.2 United States Solid-State LiDAR Market by Application
9.1.5.2 Canada Solid-State LiDAR Market
9.1.5.2.1 Canada Solid-State LiDAR Market by Type
9.1.5.2.2 Canada Solid-State LiDAR Market by Application
9.1.5.3 Mexico Solid-State LiDAR Market
9.1.5.3.1 Mexico Solid-State LiDAR Market by Type
9.1.5.3.2 Mexico Solid-State LiDAR Market by Application
9.2. EUROPE
9.2.1 Europe Solid-State LiDAR Market Overview
9.2.2 Europe Solid-State LiDAR Market Forecasts and Analysis
9.2.3 Europe Solid-State LiDAR Market Forecasts and Analysis - By Type
9.2.4 Europe Solid-State LiDAR Market Forecasts and Analysis - By Application
9.2.5 Europe Solid-State LiDAR Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Solid-State LiDAR Market
9.2.5.1.1 Germany Solid-State LiDAR Market by Type
9.2.5.1.2 Germany Solid-State LiDAR Market by Application
9.2.5.2 France Solid-State LiDAR Market
9.2.5.2.1 France Solid-State LiDAR Market by Type
9.2.5.2.2 France Solid-State LiDAR Market by Application
9.2.5.3 Italy Solid-State LiDAR Market
9.2.5.3.1 Italy Solid-State LiDAR Market by Type
9.2.5.3.2 Italy Solid-State LiDAR Market by Application
9.2.5.4 United Kingdom Solid-State LiDAR Market
9.2.5.4.1 United Kingdom Solid-State LiDAR Market by Type
9.2.5.4.2 United Kingdom Solid-State LiDAR Market by Application
9.2.5.5 Russia Solid-State LiDAR Market
9.2.5.5.1 Russia Solid-State LiDAR Market by Type
9.2.5.5.2 Russia Solid-State LiDAR Market by Application
9.2.5.6 Rest of Europe Solid-State LiDAR Market
9.2.5.6.1 Rest of Europe Solid-State LiDAR Market by Type
9.2.5.6.2 Rest of Europe Solid-State LiDAR Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Solid-State LiDAR Market Overview
9.3.2 Asia-Pacific Solid-State LiDAR Market Forecasts and Analysis
9.3.3 Asia-Pacific Solid-State LiDAR Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Solid-State LiDAR Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Solid-State LiDAR Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Solid-State LiDAR Market
9.3.5.1.1 Australia Solid-State LiDAR Market by Type
9.3.5.1.2 Australia Solid-State LiDAR Market by Application
9.3.5.2 China Solid-State LiDAR Market
9.3.5.2.1 China Solid-State LiDAR Market by Type
9.3.5.2.2 China Solid-State LiDAR Market by Application
9.3.5.3 India Solid-State LiDAR Market
9.3.5.3.1 India Solid-State LiDAR Market by Type
9.3.5.3.2 India Solid-State LiDAR Market by Application
9.3.5.4 Japan Solid-State LiDAR Market
9.3.5.4.1 Japan Solid-State LiDAR Market by Type
9.3.5.4.2 Japan Solid-State LiDAR Market by Application
9.3.5.5 South Korea Solid-State LiDAR Market
9.3.5.5.1 South Korea Solid-State LiDAR Market by Type
9.3.5.5.2 South Korea Solid-State LiDAR Market by Application
9.3.5.6 Rest of Asia-Pacific Solid-State LiDAR Market
9.3.5.6.1 Rest of Asia-Pacific Solid-State LiDAR Market by Type
9.3.5.6.2 Rest of Asia-Pacific Solid-State LiDAR Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Solid-State LiDAR Market Overview
9.4.2 Middle East and Africa Solid-State LiDAR Market Forecasts and Analysis
9.4.3 Middle East and Africa Solid-State LiDAR Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Solid-State LiDAR Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Solid-State LiDAR Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Solid-State LiDAR Market
9.4.5.1.1 South Africa Solid-State LiDAR Market by Type
9.4.5.1.2 South Africa Solid-State LiDAR Market by Application
9.4.5.2 Saudi Arabia Solid-State LiDAR Market
9.4.5.2.1 Saudi Arabia Solid-State LiDAR Market by Type
9.4.5.2.2 Saudi Arabia Solid-State LiDAR Market by Application
9.4.5.3 U.A.E Solid-State LiDAR Market
9.4.5.3.1 U.A.E Solid-State LiDAR Market by Type
9.4.5.3.2 U.A.E Solid-State LiDAR Market by Application
9.4.5.4 Rest of Middle East and Africa Solid-State LiDAR Market
9.4.5.4.1 Rest of Middle East and Africa Solid-State LiDAR Market by Type
9.4.5.4.2 Rest of Middle East and Africa Solid-State LiDAR Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Solid-State LiDAR Market Overview
9.5.2 South and Central America Solid-State LiDAR Market Forecasts and Analysis
9.5.3 South and Central America Solid-State LiDAR Market Forecasts and Analysis - By Type
9.5.4 South and Central America Solid-State LiDAR Market Forecasts and Analysis - By Application
9.5.5 South and Central America Solid-State LiDAR Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Solid-State LiDAR Market
9.5.5.1.1 Brazil Solid-State LiDAR Market by Type
9.5.5.1.2 Brazil Solid-State LiDAR Market by Application
9.5.5.2 Argentina Solid-State LiDAR Market
9.5.5.2.1 Argentina Solid-State LiDAR Market by Type
9.5.5.2.2 Argentina Solid-State LiDAR Market by Application
9.5.5.3 Rest of South and Central America Solid-State LiDAR Market
9.5.5.3.1 Rest of South and Central America Solid-State LiDAR Market by Type
9.5.5.3.2 Rest of South and Central America Solid-State LiDAR Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SOLID-STATE LIDAR MARKET, KEY COMPANY PROFILES
11.1. AEYE, INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CONTINENTAL AG
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. DELPHI AUTOMOTIVE PLC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. INFINEON TECHNOLOGIES AG
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. INNOVIZ TECHNOLOGIES LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. INNOVUSION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. LEDDARTECH INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. QUANERGY SYSTEMS, INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. ROBOSENSE
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. VELODYNE LIDAR, INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. AEye, Inc.
2. Continental AG
3. Delphi Automotive PLC
4. Infineon Technologies AG
5. Innoviz Technologies Ltd.
6. Innovusion
7. LeddarTech Inc.
8. Quanergy Systems, Inc.
9. RoboSense
10. Velodyne Lidar, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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