The Automotive LiDAR System-on-Chip (SoC) industry is rapidly advancing, driven by the increasing demand for autonomous driving and (ADAS) .

WILMINGTON, NEW CASTLE, DE, UNITED STATES, December 10, 2024 /EINPresswire.com/ -- Allied Market Research published a report, titled, “Automotive LiDAR system-on-chip (SoC) Market By technology type (mechanical LiDAR, and solid state LiDAR) By vehicle type (passenger vehicles, and commercial vehicles) By application (Adaptive Cruise Control (ACC) , Lane Keeping Assistance System (LKAS) , Traffic Jam Assist (TJA) , Automated Parking System (APS) , and others) : Global Opportunity Analysis and Industry Forecast, 2022-2032”. The global automotive LiDAR system-on-chip (SoC) market were valued at $28.6 billion in 2023 and is estimated to reach $212.7 billion by 2033, exhibiting a CAGR of 22.3% from 2024 to 2033.

🔰 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 - https://www.alliedmarketresearch.com/request-sample/A323747

Prime determinants of growth

The global automotive LiDAR system-on-chip (SoC) market is experiencing growth due to several factors such as rising demand for Advanced Driver Assistance Systems (ADAS) , technological advancements in LiDAR sensor, and emergence of autonomous vehicles. However, the high cost, and regulatory challenges hinder market growth to some extent. Moreover, integration with vehicle platforms, and innovation in solid-state LiDAR offers remunerative opportunities for the expansion of the global automotive LiDAR system-on-chip (SoC) market.

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬:

★In 𝐃𝐞𝐜𝐞𝐦𝐛𝐞𝐫 𝟐𝟎𝟐𝟏, Indie Semiconductor, Inc. introduced a groundbreaking technology called Surya™ LiDAR system-on-a-chip (SOC) , aimed at enhancing advanced driver assistance systems (ADAS) and enabling autonomous driving features in vehicles. LiDAR, which stands for light detection and ranging, is a crucial sensing technology for ensuring maximum safety in both assisted and self-driving cars. The Surya™ LiDAR SOC integrates high-speed analog to digital converters and digital signal processing capabilities, enabling it to effectively detect long-range targets with reliability.
★In 𝐌𝐚𝐫𝐜𝐡 𝟐𝟎𝟐𝟒, AMD, partnered with Sony Semiconductor Solutions (SSS) , a leading provider of image sensor technology, to develop a state-of-the-art LiDAR reference design for automotive applications. LiDAR, or light detection and ranging, is a crucial sensing technology used in autonomous vehicles to detect surrounding objects and navigate safely. The collaboration between AMD and SSS aims to create a powerful and efficient LiDAR solution that can be integrated into autonomous vehicles. The reference design features the IMX459 sensor from SSS, renowned for its high performance in image sensing applications. This sensor is paired with AMD's Zynq™ UltraScale+™ MPSoC adaptive system-on-chips (SoCs) and Artix™-7 field-programmable gate arrays (FPGAs) .
★In 𝐉𝐚𝐧𝐮𝐚𝐫𝐲 𝟐𝟎𝟐𝟒, Aeva unveiled Aeva Atlas, the inaugural 4D LiDAR sensor tailored for automotive applications on a mass production scale. Atlas is strategically engineered to expedite the automotive industry's journey towards safer advanced driver assistance systems (ADAS) and autonomous driving. The Atlas harnesses Aeva’s cutting-edge custom silicon technology, which includes the Aeva CoreVision™—a next-generation Lidar-on-Chip module—and the Aeva X1™, a potent new System-on-Chip (SoC) LiDAR processor.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

Traditional LiDAR systems that use mechanical components like spinning mirrors or oscillating lasers to generate 3D point clouds. While these systems have been in use for a while, they are often larger, heavier, and more expensive. The shift towards solid-state LiDAR is driven by the need for smaller, more cost-effective, and reliable solutions for automotive applications. Solid-state LiDARs offer advantages in terms of size, weight, power consumption, and durability, making them better suited for integration into vehicles for advanced driver assistance systems (ADAS) and autonomous driving.

🔰 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 - https://www.alliedmarketresearch.com/purchase-enquiry/A323747

Both passenger and commercial vehicles are increasingly incorporating LiDAR technology to enhance safety and enable autonomous driving features. The growth of ADAS systems and the push towards autonomous vehicles in both consumer and commercial sectors are driving the demand for LiDAR SoCs in these vehicle types. The increasing adoption of ADAS features and the gradual progression towards autonomous driving are propelling the demand for LiDAR SoCs across various applications. These systems enhance vehicle safety, improve driver convenience, and pave the way for more advanced autonomous driving capabilities.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤

Europe is witnessing significant growth in the automotive LiDAR SoC market, propelled by advancements in ADAS and autonomous driving technologies. Countries like Germany, France, and the UK are key contributors to market growth. Stringent safety regulations, rising demand for electric and autonomous vehicles, and collaboration between automotive manufacturers and technology companies foster market expansion in Europe.

🔰 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/automotive-lidar-system-on-chip-market/purchase-options

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

Velodyne Lidar, Inc.
Luminar Technologies, Inc.
Aeva, Inc.
Cepton, Inc.
Innoviz Technologies, Ltd.
Ouster, Inc.
Ibeo Automotive Systems GmbH
Quanergy Systems, Inc.
RoboSense (Suteng Innovation Technology Co., Ltd.)
Hesai Technology Co., Ltd.

The report provides a detailed analysis of these key players in the global automotive LiDAR system-on-chip (SoC) . These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

𝐀𝐛𝐨𝐮𝐭 𝐮𝐬 :

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Market Research
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