The market for LiDAR in automotive and industrial applications is expected to reach US$5.7 billion in 2026, showing a significant 21% CAGR between 2020 and 2026”, asserts Alexis Debray, PhD. Senior Technology & Market Analyst, Photonic, Sensing & Semiconductor at Yole Développement (Yole). “In 2020, the LiDAR in ADAS represented only 1.5% of the automotive and industrial LiDAR market. But the ADAS proportion is expected to reach 41% in 2026.”
Yole and System Plus Consulting Investigate The LiDAR Industry and its Disruptive Technologies - NewsAugust 27, 2020
ole?s analysts predict that the LiDAR market for automotive and industrial applications will be US$1.7 billion in 2020.
At Yole, analysts estimate, the global market for radars, cameras, LiDARs and computing ADAS should reach US$8.7 billion in 2020.
Exterior lighting is gaining significance because automated driving advancements have illustrated the importance of communication between all road users.
Yole D?veloppement (Yole) and its advanced packaging team are pleased to deliver today a snapshot of the automotive industry with a special focus on advanced packaging.