Global Solid-State LiDAR Market Insights, Forecast to 2025

Solid state LiDAR is gaining traction as a promising technology that is cheaper, faster, and provides higher resolution than traditional LiDAR, with predictions that its price range could eventually hundreds of dollars per unit.
Globally, some enterprises, like Velodyne, Quanergy, LeddarTech, etc. are well-known for the wonderful performance of their Solid-State LiDAR and related services. At the same time, Europe, will be occupied 48% sales market share in 2021, is remarkable in the global Solid-State LiDAR industry because of their market share and technology status of Solid-State LiDAR.
The consumption volume of Solid-State LiDAR is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Solid-State LiDAR industry may not keep that fast. But it is surely forecasted that the market of Solid-State LiDAR is still promising.
The Solid-State LiDAR market was valued at 990 Million US$ in 2018 and is projected to reach 7330 Million US$ by 2025, at a CAGR of 28.5% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Solid-State LiDAR.

This report presents the worldwide Solid-State LiDAR market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

The following manufacturers are covered in this report:
Velodyne
Quanergy
LeddarTech
ABAX Sensing
Ibeo
Trilumina
Innoviz
Strobe
Aeye
TetraVue
Continental AG
Xenomatix
Imec
Robosense
Genius Pro
Benewake
Hesai

Solid-State LiDAR Breakdown Data by Type
MEMS Based Scanning
Phase Array
Non-Scanning Flash
Solid-State LiDAR Breakdown Data by Application
Automotive
Industrial
Security

Solid-State LiDAR Production by Region
United States
Europe
China
Japan
Other Regions

Solid-State LiDAR Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa

The study objectives are:
To analyze and research the global Solid-State LiDAR status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Solid-State LiDAR manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

In this study, the years considered to estimate the market size of Solid-State LiDAR :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025

This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Solid-State LiDAR market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.