Focused industry conferences were identified in Part 1 as a means of finding the latest status of the sensors used in autonomous vehicles. Another approach is a comprehensive report on the topic. With the LiDAR for Automotive & Industrial Applications report, Yole Développement provides its second insight into LiDAR technology and market aspects impacted by the latest innovations. In addition, the report identifies technical challenges, key industry players and the strategy of each player.
In the report, Yole states that the LiDAR market reached US$1.3 billion in 2018 and projects that it will reach US$6 billion by 2024 with 70% of the total market dedicated to automotive applications. In this timeframe, highly and fully automated driving will increase based on lower production costs and the emergence of new technologies. Yole expects LiDAR to be a key component for automotive applications and projects a 64% CAGR for LiDAR between 2018 and 2024.
LiDAR has applications beyond automotive that are detailed in Yole’s technology and market report. Also, LiDAR has competition from radar and in Radar & Wireless for Automotive: Market and Technology Trends, Yole explores an alternative sensing system with combined LiDAR, radar and camera technologies.
Another Yole Group company, System Plus Consulting, has analyzed and reported about a laser scanner developed by Valeo and Ibeo. The mechanical 3D scanner laser, called SCALA, targets identifying objects and measuring the distance in any environment for vehicles with advanced driver-assistance systems (ADAS) and autonomous driving functions.
With information from its member companies, the Yole Group plans a dedicated event, the 2nd Executive Forum on LiDAR for Automotive, that will take place in Shenzhen, China on September 5, from 9:00 AM to 1:00 PM in conjunction with the China International Optoelectronic Exposition, CIOE 2019.
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