The global LiDAR solutions market is expected to witness significant growth, with a projected compound annual growth rate (CAGR) of 75.7% in value terms, reaching an anticipated value of USD 120.6 billion by 2029.

This report thoroughly examines the segmentation of the global LiDAR solutions market based on application for the forecast period. Key application segments include automotive, robotics, and others. Looking ahead, the automotive LiDAR segment is forecasted to demonstrate a CAGR of 84.2% during the forecast period spanning from 2024 to 2029.

The competitive landscape of the market is influenced 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 significant players.

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

Application: Automotive LiDAR.

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