Report Overview

Asia-Pacific Automotive LiDAR Market - Industry Trends & Forecast Report, 2029

Asia-Pacific automotive LiDAR market size was estimated at USD 102.19 million in 2022. During the forecast period between 2023 and 2029, the size of Asia-Pacific automotive LiDAR market is projected to grow at a CAGR of 23.86% reaching a value of USD 368.62 million by 2029. Major growth drivers for the Asia-Pacific automotive LiDAR market include the increasing interest in autonomous vehicles, advanced driver assistance systems (ADAS), and safety applications. The market is expected to continue expanding as these technologies become more mainstream. Some governments in the Asia-Pacific region, notably China and Japan, have been promoting the development and adoption of autonomous vehicles. These initiatives can drive the growth of the LiDAR market. Certain governments in the Asia-Pacific region, notably China and Japan, have actively endorsed the advancement and incorporation of autonomous vehicles. These proactive measures have the potential to stimulate the expansion of the LiDAR market. Also, another substantial driving force behind the growth of the LiDAR market pertains to the escalating utilization of drones across various sectors, including aerospace and defense, as well as automation. The heightened use of drones has prompted organizations to allocate significant resources to drone-related research and development. In this geographical area, LiDAR systems are also finding applications in sectors, such as defense, geological surveys, pollution monitoring, transportation, energy, and construction, often in conjunction with drone technology. Also, it is worth noting that countries like India and China are expected to ramp up their investments, collectively dedicating approximately USD 7 billion to drone technology for defense purposes during the projected period.

Asia-Pacific Automotive LiDAR Market – Overview

LiDAR-based mapping solutions, known for their versatility in both stationary and mobile applications, are gaining traction across multiple industries, particularly in engineering, construction, environmental monitoring, and exploration. This surge in adoption underscores the technology's effectiveness and its rising demand. The Asia-Pacific automotive LiDAR market, centered in the Asia-Pacific region, including major countries like China, Japan, India, South Korea, and Australia, pertains to the use of LiDAR (Light Detection and Ranging) technology within the automotive sector. LiDAR, employing laser pulses for distance measurement and 3D mapping, is primarily employed in autonomous vehicles and advanced driver assistance systems (ADAS). This market encompasses LiDAR sensor manufacturers, automotive companies, tech providers, and related services, with driving factors including government initiatives, autonomous vehicle advancements, and the wider integration of LiDAR for enhanced vehicle perception and safety. Furthermore, the influence of LiDAR extends into sectors like aerospace, defense, transportation, and construction, enhancing operational efficiency and safety standards.

Asia-Pacific Automotive LiDAR Market

Growth Drivers

Adoption of Advancements in LiDAR Technology by the Automotive Sector

The relentless evolution of LiDAR (Light Detection and Ranging) technology within the automotive sector serves as a potent catalyst propelling the remarkable expansion of the Asia-Pacific automotive LiDAR market. This transformation is vividly illustrated by the development of high-performance LiDAR sensors and perception software, significantly enhancing autonomous driving capabilities and advanced driver assistance systems (ADAS). LiDAR solutions, as they gain greater reliability and readiness for deployment, are no longer confined to the automotive realm but have extended their utility to non-automotive applications. This broadening horizon, combined with escalating regional investments and strategic partnerships, underpins the rapid ascent of the Asia-Pacific automotive LiDAR market, positioning it for significant growth in the near future. For example, Innoviz Technologies has partnered with Ascendtek Electronics to enhance the distribution of LiDAR solutions, promoting the adoption of Innoviz's cutting-edge LiDAR products for both automotive and non-automotive applications in the Greater China region. This strategic partnership leverages Ascendtek's deep technological expertise and extensive market reach to cater to the burgeoning demand for high-performance LiDAR solutions in the Asia-Pacific region, seamlessly aligning with the projected surge in the Asia-Pacific LiDAR market, expected to grow at a compounded annual rate of approximately 32.39% over the next three years. The emergence of 4D LiDAR and ongoing technological advancements in automotive LiDAR promise further opportunities for market players in the future.

Restraints

High Cost of LiDAR Systems

The Asia-Pacific Automotive LiDAR Market faces a significant growth constraint due to the high cost associated with LiDAR systems. While LiDAR technology offers unparalleled precision and safety benefits in the automotive sector, its adoption is impeded by the substantial financial investment required for these advanced systems. The cost of LiDAR sensors and related components remains a formidable barrier for both automotive manufacturers and consumers. As a result, the broader integration of LiDAR technology into vehicles, particularly in the Asia-Pacific region, faces limitations in achieving widespread market penetration. Addressing cost-related challenges is essential to unlock the full potential of LiDAR in enhancing automotive safety and autonomous capabilities in this market.

Asia-Pacific Automotive LiDAR Market

Segmental Coverage

Asia-Pacific Automotive LiDAR Market – By Technology

By technology, the Asia-Pacific automotive LiDAR market is bifurcated into Solid-state LiDAR and Mechanical/Scanning LiDAR segments. The mechanical/scanning LiDAR segment holds a higher share in the Asia-Pacific automotive LiDAR market by technology. It is due to its proven reliability and maturity. Mechanical/scanning LiDAR systems have a track record of performance and have been widely adopted in automotive applications. While solid-state LiDAR technology is advancing, mechanical LiDAR has established itself as a trusted technology in the automotive sector, providing accurate and robust 3D mapping capabilities. This technology's readiness and proven effectiveness make it a preferred choice for automakers and developers, contributing to its continued prominence in the market.

Asia-Pacific Automotive LiDAR Market – By Location

Based on location, the Asia-Pacific automotive LiDAR market is divided into Roofs & Upper Pillars, Headlights & Taillights, and Bumpers & Grills segments. It is primarily because of its strategic location and functionality. The headlights & taillights segment holds the highest share in the Asia-Pacific automotive LiDAR market by location. Placing LiDAR sensors in headlights and taillights provides a clear line of sight and an unobstructed view of the road and surroundings. This location offers optimal positioning for LiDAR sensors to gather crucial data for advanced driver assistance systems (ADAS) and autonomous driving functions. It ensures a broader and more accurate range of data capture, making it an ideal choice for automotive manufacturers looking to enhance safety and navigation in vehicles. Consequently, the headlights and taillights segment is expected to dominate the market in the Asia-Pacific region.

Asia-Pacific Automotive LiDAR Market – By Image Projection

Based on image projection, the Asia-Pacific automotive LiDAR market is split into 2D Automotive LiDAR and 3D Automotive LiDAR segments. The 2D automotive LiDAR segment holds a higher share in the Asia-Pacific automotive LiDAR market by image projection. 2D LiDAR systems are a well-established technology and have been widely adopted in automotive applications because of their affordability and proven performance. While 3D LiDAR technology offers more comprehensive spatial data, 2D LiDAR systems remain competitive in applications where cost considerations are paramount. As a result, they continue to be a preferred choice for automakers and developers in the Asia-Pacific region, ensuring their continued prominence in the market.

Asia-Pacific Automotive LiDAR Market – By Range Type

Based on range type, the Asia-Pacific automotive LiDAR market is divided into Short & Mid-range Automotive LiDAR and Long-range Automotive LiDAR segments.

Asia-Pacific Automotive LiDAR Market – By Vehicle Type

Based on vehicle type, the Asia-Pacific automotive LiDAR market has Internal Combustion Engine (ICE) Vehicles, Hybrid Electric Vehicles (HEVs), Plug-in Hybrid Electric Vehicles (PHEVs), and Battery Electric Vehicles (BEVs) segments.

Asia-Pacific Automotive LiDAR Market – By Application

On the basis of application, the Asia-Pacific automotive LiDAR market is split into Semi-autonomous and Autonomous segments. The autonomous segment is expected to hold a higher share in the Asia-Pacific Automotive LiDAR market by application during the forecast period. It is due to the region's increasing emphasis on autonomous vehicle development. As governments and automotive manufacturers invest significantly in autonomous technology to enhance road safety and transportation efficiency, LiDAR technology plays a pivotal role in enabling these vehicles to accurately perceive and navigate their surroundings, providing a critical 3D map of the environment for real-time decision-making and obstacle avoidance. Moreover, the rapid urbanization and escalating traffic congestion in the Asia-Pacific region make autonomous vehicles with advanced LiDAR systems an attractive solution to address these challenges, further propelling the demand for LiDAR technology in the automotive market's autonomous segment.

Asia-Pacific Automotive LiDAR Market – By Country

The in-depth research report on the Asia-Pacific Automotive LiDAR Market covers the region’s major countries including China, India, Japan, South Korea, Indonesia, Vietnam, Malaysia, and Rest of Asia Pacific. China dominates the Asia-Pacific automotive LiDAR market, due to decades of substantial economic expansion. China has adopted various cutting-edge mapping technologies, including LiDAR sensors, sourced from reputable system vendors. Notably, China's automotive industry stands as the world's largest, with an annual production exceeding 20 million vehicles, surpassing the United States, the second-largest global producer, by more than 50%. Also, the Chinese Ministry of Industry and Information Technology issued key guidelines for Intelligent Connected Vehicle Standardization in 2018, actively promoting and facilitating the development of the intelligent connected vehicle industry. In contrast, Japan boasts a prominent presence in the global automotive sector, with industry leaders like Lexus, Mazda, Suzuki, Toyota, Honda, Mitsubishi Infinity, Acura, Nissan, and ISUZU, among others. The government's focus on revitalizing Japan's economy, primarily through infrastructure development, is expected to bolster the construction sector, consequently contributing to market growth in the forecast period. Topcon Corporation, headquartered in Tokyo, Japan, primarily specializes in the production of optical instruments, including cameras, binoculars, and optical devices. The company's core operations are segmented into smart infrastructure, positioning, and eye care. Furthermore, Topcon is actively involved in emerging fields such as IT agriculture and IT construction.

Competitive Landscape

Major players operating in the Asia-Pacific automotive LiDAR market include Topcon Corporation, Denso Corporation, Leishen Intelligent Systems, FARO SINGAPORE PTE LTD, Trimble Inc, SICK AG, RoboSense, 3D Laser Mapping Inc., and Leica Geosystems Inc. (Hexagon). To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In April 2023 - Innoviz Technologies joined forces with Ascendtek Electronics to expand the sales of their LiDAR solutions in the Greater China region. Innoviz, known for its high-performance LiDAR sensors and perception software, seeks to accelerate global LiDAR adoption through this partnership. Ascendtek, a prominent integrated systems distributor, aims to promote and distribute Innoviz's LiDAR solutions, strengthening their market presence not only in Greater China but across the Asia-Pacific region. The partnership leverages Ascendtek's technical expertise and extensive reach, focusing on high-performance LiDAR for both automotive and non-automotive applications.

Scope of the Report

By Technology

• Solid-state LiDAR

• Mechanical/Scanning LiDAR

By Location

• Roofs & Upper Pillars

• Headlights & Taillights

• Bumpers & Grills

By Image Projection

• 2D Automotive LiDAR

• 3D Automotive LiDAR

By Range Type

• Short & Mid-range Automotive LiDAR

• Long-range Automotive LiDAR

By Vehicle Type

• IC Engine Vehicles

• Hybrid Electric Vehicles (HEVs)

• Plug-in Hybrid Electric Vehicles (PHEVs)

• Battery Electric Vehicles (BEVs)

By Application

• Semi-autonomous

• Autonomous

By Country

• China

• India

• Japan

• South Korea

• Indonesia

• Vietnam

• Malaysia

• Rest of Asia-Pacific

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Asia-Pacific Automotive LiDAR Market Insights
   1. Industry Value Chain Analysis
      1. DROC Analysis
      2. Growth Drivers
         1. Technological advancement of LiDAR technology in the automotive sector
         2. Growing automotive industry
      3. Restraints
         1. High cost of LiDAR systems
         2. Limited testing and validation
      4. Opportunities
         1. Expansion of the automotive market in the Asia-Pacific region
         2. The increasing urbanization in the Asia-Pacific region
      5. Challenges
         1. Need for further technological advancements to reduce the cost and improve the performance of LiDAR sensors
         2. Competition
   2. Technological Advancements/Recent Developments
   3. Regulatory Framework
   4. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Asia-Pacific Automotive LiDAR Market Overview
   1. Market Product & Forecast, 2019–2029
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Technology
         1. Solid-state LiDAR
         2. Mechanical/Scanning LiDAR
      2. By Location
         1. Roofs & Upper Pillars
         2. Headlights & Taillights
         3. Bumpers & Grills
      3. By Image Projection
         1. 2D Automotive LiDAR
         2. 3D Automotive LiDAR
      4. By Range Type
         1. Short & Mid-range Automotive LiDAR
         2. Long-range Automotive LiDAR
      5. By Vehicle Type
         1. Internal Combustion Engine (ICE) Vehicles
         2. Hybrid Electric Vehicles (HEVs)
         3. Plug-in Hybrid Electric Vehicles (PHEVs)
         4. Battery Electric Vehicles (BEVs)
      6. By Application
         1. Semi-autonomous
         2. Autonomous
      7. By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Australia & New Zealand
         6. Indonesia
         7. Malaysia
         8. Singapore
         9. Vietnam
         10. Rest of APAC
5. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Asia-Pacific Automotive LiDAR Company Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Covid-19 on Asia-Pacific Automotive LiDAR Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
   1. Topcon Corporation
   2. Denso Corporation
   3. Leishen Intelligent Systems
   4. FARO SINGAPORE PTE. LTD
   5. Trimble Inc
   6. SICK AG
   7. RoboSense
   8. 3D Laser Mapping Inc.
   9. Leica Geosystems Inc. (Hexagon)
   10. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
   1.  Qualitative Research
      1.  Primary & Secondary Research
   2.  Quantitative Research
   3.  Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
   4.  Breakdown of Primary Research Respondents, By Country
   5.  Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

List of Figures

Figure 1       Asia-Pacific Automotive LiDAR Segmentation

Figure 2       Asia-Pacific Automotive LiDAR Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       Asia-Pacific Automotive LiDAR Market Size, By Value (USD Billion), 2019–2029

Figure 5       Asia-Pacific Automotive LiDAR Market Share, By Technology, By Value, 2019–2029

Figure 6       Asia-Pacific Automotive LiDAR Market Share, By Location, By Value, 2019–2029

Figure 7       Asia-Pacific Automotive LiDAR Market Share, By Image Projection, By Value, 2019–2029

Figure 8       Asia-Pacific Automotive LiDAR Market Share, By Range Type, By Value, 2019–2029

Figure 9       Asia-Pacific Automotive LiDAR Market Share, By Vehicle Type, By Value, 2019–2029

Figure 10     Asia-Pacific Automotive LiDAR Market Share, By Application, By Value, 2019–2029

Figure 11     Asia-Pacific Automotive LiDAR Market Share, By Country, By Value, 2019–2029

List of Tables

Table 1        Asia-Pacific Automotive LiDAR Market Size, By Value (USD Billion), 2019–2029

Table 2        Asia-Pacific Automotive LiDAR Market Size, By Technology, By Value, 2019–2029

Table 3        Asia-Pacific Automotive LiDAR Market Size, By Location, By Value, 2019–2029

Table 4        Asia-Pacific Automotive LiDAR Market Size, By Image Projection, By Value, 2019–2029

Table 5        Asia-Pacific Automotive LiDAR Market Size, By Range Type, By Value, 2019–2029

Table 6        Asia-Pacific Automotive LiDAR Market Size, By Vehicle Type, By Value, 2019–2029

Table 7        Asia-Pacific Automotive LiDAR Market Size, By Application, By Value, 2019–2029

Table 8        Asia-Pacific Automotive LiDAR Market Size, By Country, By Value, 2019–2029

Table 9        Topcon Corporation Company Overview

Table 10      Topcon Corporation Financial Overview

Table 11      Denso Corporation Company Overview

Table 12      Denso Corporation Financial Overview

Table 13      Leishen Intelligent Systems Company Overview

Table 14      Leishen Intelligent Systems Financial Overview

Table 15      FARO SINGAPORE PTE LTD Company Overview

Table 16      FARO SINGAPORE PTE LTD Financial Overview

Table 17      Trimble Inc Company Overview

Table 18      Trimble Inc Financial Overview

Table 19      SICK AG Company Overview

Table 20      SICK AG Financial Overview

Table 21      RoboSense Company Overview

Table 22      RoboSense Financial Overview

Table 23      3D Laser Mapping Inc. Company Overview

Table 24      3D Laser Mapping Inc. Financial Overview

Table 25      Leica Geosystems Inc. (Hexagon) Company Overview

Table 26      Leica Geosystems Inc. (Hexagon) Financial Overview