Automotive LiDAR System-on-Chip (SoC) Market Research, 2033
The global automotive LiDAR system-on-chip (SoC) market size was valued at $28.6 billion in 2023, and is projected to reach $212.4 billion by 2033, growing at a CAGR of 22.3% from 2024 to 2033.
Market Introduction and Definition
An Automotive LiDAR System-on-Chip (SoC) refers to a specialized integrated circuit (IC) designed specifically for automotive applications, particularly for LiDAR (Light Detection and Ranging) systems used in vehicles. LiDAR is a sensing technology that measures distances by emitting laser pulses and measuring the time it takes for the light to return after reflecting off objects. A SoC, in general, is a single semiconductor chip that integrates multiple functionalities or components onto a single substrate, such as a microprocessor, memory, input/output interfaces, and other peripheral functions. In the context of automotive LiDAR, an SoC combines various components and functionalities required for processing LiDAR data and controlling the LiDAR system within a vehicle.
Key Takeaways
- The Automotive LiDAR System-on-Chip (SoC) market study covers 20 countries. The research includes a segment analysis of each country in terms of value for the projected period.
- More than 1, 500 product literatures, industry releases, annual reports, and other such documents of major Automotive LiDAR System-on-Chip (SoC) industry participants along with authentic industry journals, trade associations' releases, and government websites have been reviewed for generating high-value industry insights.
- The study integrated high-quality data, professional opinions and analysis, and critical independent perspectives. The research approach is intended to provide a balanced view of global markets and to assist stakeholders in making educated decisions in order to achieve their most ambitious growth objectives.
Recent Key Strategies and Developments
- In April 2023, Cepton, Inc., one of the leading innovator based in Silicon Valley known for its high-performance lidar solutions, announced the launch of Komodo, its proprietary lidar point cloud processor ASIC (Application-Specific Integrated Circuit) chip. It is a highly integrated custom System-on-Chip (SoC) that leverages Cepton's patented lidar architecture to optimize point cloud quality while simultaneously reducing costs.The Automotive LiDAR System-on-Chip (SoC) market opportunity is significant, with numerous applications emerging in the fields of self-driving cars and advanced driver-assistance systems (ADAS) .
Key Market Dynamics
The global automotive LiDAR system-on-chip (SoC) market is growing due to several factors such rising demand for Advanced Driver Assistance Systems (ADAS) , technological advancements in LiDAR sensor, and emergence of autonomous vehicles. However, the high cost, and regulatory challenges restrains the development of the market. In addition, integration with vehicle platforms, and innovation in solid-state LiDAR will provide ample opportunities for the market's development during the forecast period.The Automotive LiDAR System-on-Chip (SoC) industry is rapidly advancing, driven by the increasing demand for autonomous driving and advanced driver-assistance systems (ADAS) .
The Automotive LiDAR System-on-Chip (SoC) market size is projected to grow significantly due to the increasing demand for self-driving vehicles. With a growing awareness of road safety, there is a heightened demand among consumers and regulatory bodies for vehicles equipped with advanced safety features. ADAS technologies, including LiDAR-based systems, offer capabilities such as collision avoidance, lane-keeping assistance, and pedestrian detection, thereby reducing the risk of accidents and improving overall road safety. Governments and regulatory agencies worldwide are implementing stringent regulations and mandates aimed at improving vehicle safety standards. These regulations often require automotive manufacturers to incorporate advanced safety technologies, including ADAS, into their vehicles. Compliance with these regulations drives the adoption of LiDAR SoCs, which are integral components of ADAS systems.The Automotive LiDAR System-on-Chip (SoC) market share is expanding as more companies adopt this technology for autonomous vehicles
Market Segmentation
The automotive LiDAR System-on-Chip (SoC) market is segmented into technology type, vehicle type, application, and region. On the basis of technology type, the market is divided into mechanical LiDAR, and solid state LiDAR. As per level of vehicle type, the market is segregated into passenger vehicles, and commercial vehicles. On the basis of application, the market is bifurcated into Adaptive Cruise Control (ACC) , Lane Keeping Assistance System (LKAS) , Traffic Jam Assist (TJA) , Automated Parking System (APS) , and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and Latin America, Middle East and Africa. According to the Automotive LiDAR System-on-Chip (SoC) market forecast, the market is expected to see substantial increases in the coming years due to technological innovations and industry adoption.
Regional/Country Market Outlook
The Automotive LiDAR System-on-Chip (SoC) market growth is being driven by advancements in LiDAR technology and increasing demand for safer driving solutions. North America, particularly the U.S., is a leading hub for automotive innovation and technology development. The region is witnessing significant investment in autonomous vehicle research and development by automotive OEMs, tech companies, and startups. Companies in Silicon Valley and other tech hubs are actively involved in the development of LiDAR SoC solutions for self-driving cars.The Automotive LiDAR System-on-Chip (SoC) market size is expected to grow significantly due to the rising demand for autonomous vehicles and advanced driver-assistance systems (ADAS) .
Competitive Landscape
The major players operating in the Automotive LiDAR System-on-Chip (SoC) market include Aeva Inc., Black Sesame Technologies, Indie Semiconductor, Inc, LeddarTech Holdings Inc., Luminar Technologies, Inc., Ouster Inc., Robosense, Scantinel, SiLC Technologies, and Voyant Photonics
Industry Trends:
- In December 2021, Indie Semiconductor, Inc. introduced a groundbreaking technology called Surya™ LiDAR system-on-a-chip (SOC) , aimed at enhancing advanced driver assistance systems (ADAS) and enabling autonomous driving features in vehicles. LiDAR, which stands for light detection and ranging, is a crucial sensing technology for ensuring maximum safety in both assisted and self-driving cars. The Surya™ LiDAR SOC integrates high-speed analog to digital converters and digital signal processing capabilities, enabling it to effectively detect long-range targets with reliability.
- In March 2024, AMD, partnered with Sony Semiconductor Solutions (SSS) , a leading provider of image sensor technology, to develop a state-of-the-art LiDAR reference design for automotive applications. LiDAR, or light detection and ranging, is a crucial sensing technology used in autonomous vehicles to detect surrounding objects and navigate safely. The collaboration between AMD and SSS aims to create a powerful and efficient LiDAR solution that can be integrated into autonomous vehicles. The reference design features the IMX459 sensor from SSS, renowned for its high performance in image sensing applications. This sensor is paired with AMD's Zynq™ UltraScale+™ MPSoC adaptive system-on-chips (SoCs) and Artix™-7 field-programmable gate arrays (FPGAs) .
- In January 2024, Aeva unveiled Aeva Atlas, the inaugural 4D LiDAR sensor tailored for automotive applications on a mass production scale. Atlas is strategically engineered to expedite the automotive industry's journey towards safer advanced driver assistance systems (ADAS) and autonomous driving. The Atlas harnesses Aeva’s cutting-edge custom silicon technology, which includes the Aeva CoreVision™—a next-generation Lidar-on-Chip module—and the Aeva X1™, a potent new System-on-Chip (SoC) LiDAR processor.
Key Sources Referred
- Semiconductor Industry Association (SIA)
- Global Semiconductor Alliance (GSA)
- European Semiconductor Industry Association (ESIA)
- Japan Electronics and Information Technology Industries Association (JEITA)
- Semiconductor Equipment and Materials International (SEMI)
- China Semiconductor Industry Association (CSIA)
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the automotive lidar system-on-chip (SoC) market analysis from 2024 to 2033 to identify the prevailing automotive lidar system-on-chip (SoC) market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the automotive lidar system-on-chip (SoC) market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global automotive lidar system-on-chip (SoC) market trends, key players, market segments, application areas, and market growth strategies.
Automotive LiDAR System-on-Chip (SoC) Market Report Highlights
| Aspects | Details |
 Market Size By 2033 | USD 212.4 Billion |
 Growth Rate | CAGR of 22.3% |
 Forecast period | 2024 - 2033 |
 Report Pages | 245 |
 By Technology Type |
|
 By Vehicle Type |
|
 By Application |
|
 By Region |
|
 Key Market Players | Black Sesame Technologies, Aeva Inc., Scantinel, LeddarTech Holdings Inc., Ouster Inc., Voyant Photonics, Robosense, Indie Semiconductor, Inc, SiLC Technologies, Luminar Technologies, Inc. |
The automotive LiDAR System-on-Chip (SoC) market was valued at $28,6 billion in 2023 and is estimated to reach $212.7 billion by 2033, exhibiting a CAGR of 22.3% from 2024 to 2033
The largest regional market for automotive LiDAR System-on-Chip (SoC) is North America.
The top companies to hold the market share in automotive LiDAR System-on-Chip (SoC) are Aeva Inc., Black Sesame Technologies, Indie Semiconductor, Inc, LeddarTech Holdings Inc., Luminar Technologies, Inc., Ouster Inc., Robosense, Scantinel, SiLC Technologies, and Voyant Photonics
The leading application of automotive LiDAR System-on-Chip (SoC) market is Adaptive Cruise Control (ACC)
The upcoming trends of automotive LiDAR System-on-Chip (SoC) market in the globe are integration with vehicle platforms, and innovation in solid-state LiDAR.
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