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TrendForce: High-end autonomous driving and logistics demand drive the LiDAR market, with an estimated output value of 5.352 billion USD in 2029.
On January 20, Jinshi Data News, according to the latest report from TrendForce, currently, LiDAR is mainly used in the automotive market for passenger cars and Robo-taxis, while in the industrial market, it supports applications such as robots, factory automation, and logistics. Driven by Level 3 and more advanced autonomous driving systems and logistics transportation, it is estimated that the market value of LiDAR will grow from $1.181 billion in 2024 to $5.352 billion in 2029, with a compound annual growth rate of 35%.