The forecast indicates that the global LiDAR solutions market is poised for significant growth, with a compound annual growth rate (CAGR) of 75.7% in value terms, leading to an anticipated value of USD 120.6 billion by 2029.

Furthermore, the market size of various segments, including hardware and software, is analyzed for the specified period. Specifically, the hardware segment is expected to demonstrate a CAGR of 72.4% from 2024 to 2029.

This report delves into the segmentation of the global LiDAR solutions market based on application for the forecast period, with key application segments including automotive, robotics, and others. Looking ahead, the robotics LiDAR segment is projected to reflect a CAGR of 52.2% during the forecast period (2024-2029).

The competitive landscape of the market is shaped by prominent vendors such as Hesai Group, Valeo S.A., Luminar Technologies, Inc., Huawei Technologies Co., Ltd., Livox Technology Company Limited, Innovusion Holdings Ltd (Seyond), Velodyne Lidar, Inc., Ouster, Inc., RoboSense Technology Co., Ltd., and other key players.

This study aims to analyze the global market for various segments of LiDAR solutions, including:

Product Type: Hardware (Mechanical LiDAR and Solid-state LiDAR) and Software.

Application: Automotive LiDAR, Robotics LiDAR, and Others.

Region: China, USA, Europe, and Rest of World (RoW).