ABI Research Forecasts Global Automotive LiDAR Revenues Will Near US$13 Billion by 2027

Solid-State Scanning and IR Illumination to Boost Affordable LiDAR Adoption in Connected and Autonomous Cars

Oyster Bay, New York - 25 May 2017

As multiple stakeholders push to introduce highly autonomous driving in advance of ambitious deadlines, the need to develop a suite of sensors that guarantee robust perception is top priority. Many established vendors and innovative startups are positioning solid-state light detection and ranging (LiDAR) technologies as a cost-effective means to industrialize reliable obstacle detection and simultaneous localization and mapping (SLAM) in autonomous vehicles. ABI Research expects solutions to come to market beginning in 2019, with the market value nearing US$13 billion by 2027.

“Even the most aggressive startups do not expect LiDAR to become a silver bullet solution for autonomous vehicle sensing and perception, but the technology’s natural characteristics certainly fit nicely with those of radar and camera, which have been the staples of obstacle detection in the ADAS market,” says James Hodgson, Senior Analyst at ABI Research. “The biggest barrier to adoption is cost, with solid-state beam steering and IR illumination technologies proving essential for feasible commercial implementation.”

A broad range of vendors are developing solid-state solutions, including startups such as Aerostar Strobe, Innoviz Technologies, Phantom Intelligence and Quanergy, as well as established players like Ibeo, LeddarTech, Pioneer, and Sensata. Furthermore, Velodyne, a longtime market leader with its mechanical scanning solutions, recently announced its own solid-state Velarray solution, which is intended to be priced in the hundreds of dollars when shipping at scale.

“The target price per sensor of $100 to $250, if reached, would represent a huge reduction from historic prices,” concludes Hodgson. “Nevertheless, the need to fit multiple sensors in a connected car to provide 360-degree coverage means that equipping a vehicle with LiDAR will still represent a significant cost delta, even when the units are shipping at scale. Therefore, simply enabling legacy collision avoidance ADAS will not represent a sufficient ROI, and LiDAR must support the highly-automated driving use case to warrant the investment.”

These findings are from ABI Research’s Automotive LiDAR: Technologies and Applications report.

About ABI Research

ABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world. ABI Research's global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors.

ABI Research提供开创性的研究和战略指导,帮助客户了解日新月异的技术。 自1990年以来,我们已与全球数百个领先的技术品牌,尖端公司,具有远见的政府机构以及创新的贸易团体建立了合作关系。 我们帮助客户创造真实的业务成果。

For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.

Contact ABI Research

Media: Interview an Analyst

Media Contacts

Americas: +1.516.624.2542
Europe: +44.(0).203.326.0142
Asia: +65 6950.5670