Semiconductor Engineering publishes an article "LiDAR Market Continues To Percolate." Few quotes:
"It’s too early to tell how market share for automotive LiDAR is shaping up, as the bigger vendors are still working to make sensors cost-efficient for use in advanced driver-assistance systems and automated driving.
Market research firms are issuing hockey-stick analyses on the LiDAR market’s potential growth. Grand View Research forecasts the worldwide automotive LiDAR market will be worth $223.2 million by 2024. MarketsandMarkets, looking at the broader LiDAR applications market (cartography, corridor mapping, exploration, meteorology, and urban planning, in addition to automotive), predicts a global market valued at more than $5.2 billion by 2022, with a compound annual growth rate of 25.8% from 2017 to 2022.
BIS Research estimates the automotive LiDAR market was worth $65 million last year. It will show double-digit compound annual growth over the next decade, according to the firm. Global Market Insights looked at other applications of LiDAR technology (civil engineering, corridor mapping, government, military and defense, topographical surveys) and said the market for those applications will increase from $365.5 million in 2015 to more than $1.1 billion by 2023.
On a geographic basis, Mordor Intelligence forecasts the North American market for LiDAR technology will reach $880 million by 2020, up from $550 million in 2015, for a 9.63% CAGR."
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