The global automotive LiDAR market was valued at USD 587.22 million in 2023 and is estimated to reach approximately USD 6962.00 million by 2032, at a CAGR of 31.6% from 2024 to 2032.
When automotive LiDAR was introduced as a game-changing technology in the early 2000s, the market saw a revolutionary rise. The automotive industry was completely transformed by LiDAR, or light detection and ranging, which uses laser pulses to provide sophisticated depth perception and object detecting capabilities. Its incorporation into automobiles facilitated accurate object detection,...
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