The Automotive LiDAR System-on-Chip (SoC) Market is rapidly growing due to its vital role in the development and evolution of autonomous and semi-autonomous vehicles. LiDAR (Light Detection and Ranging) technology has emerged as one of the most critical components in enabling vehicles to sense their surroundings and navigate safely.

The integration of LiDAR systems with System-on-Chip (SoC) technology has revolutionized the automotive industry, driving the future of self-driving cars, enhancing safety, and enabling more efficient performance in advanced driver-assistance systems (ADAS).

According to BIS, the automotive LiDAR system-on-chip market is expected to be valued at $29.3 million in 2024, which is anticipated to grow at a CAGR of 24.30% to reach $207.5 million by 2033 during the forecast period of 2024-2034.

What is Automotive LiDAR and SoC?

LiDAR is a sensor technology that uses light in the form of pulsed lasers to measure distances to objects, helping vehicles "see" their environment by creating high-resolution 3D maps in real time. It is essential for applications such as obstacle detection, collision avoidance, and mapping.

A System-on-Chip (SoC) is an integrated circuit that consolidates multiple components, such as a microprocessor, memory, sensors, and other necessary electronics, onto a single chip. In automotive applications, SoCs are crucial for efficiently processing data from various sensors like LiDAR, radar, cameras, and ultrasonics in real-time.

Key Market Dynamics

Rising Demand for Autonomous Vehicles:

• The shift towards autonomous driving is driving demand for advanced sensor technologies like LiDAR.
• LiDAR integrated with SoC technology is essential for accurate vehicle perception in fully autonomous vehicles (Level 4 and Level 5).

Increasing Adoption of ADAS:

• Advanced Driver Assistance Systems (ADAS) are boosting demand for LiDAR SoC solutions.
• ADAS features like adaptive cruise control and emergency braking depend on LiDAR's high-resolution sensing for safety and efficiency.

Request for a free sample report on the automotive LiDAR system-on-chip market

Technological Advancements in LiDAR SoC:

• Advancements are making LiDAR systems smaller, more affordable, and energy-efficient.
• The integration of LiDAR with SoC has reduced system size and cost, enabling wider adoption in mainstream vehicles.

Collaborations and Investments:

• Automotive manufacturers, semiconductor companies, and LiDAR developers are forming strategic partnerships to enhance LiDAR SoC development.
• Companies like Intel, NVIDIA, and Velodyne are investing in innovations, leading to more robust and cost-effective products.

Automotive LiDAR SoC Market Segmentation

Segmentation by Vehicle Type:

• Passenger Cars
• Commercial Vehicles
• Robo Taxis

Segmentation by Propulsion Type:

• Electric Vehicles
• Internal Combustion Engine Vehicles

Segmentation by Range Type:

• Short-to-Medium Range LiDAR
• Medium-to-Long Range LiDAR

Segmentation by Region:

• North America
• Europe
• U.K.
• China
• Asia-Pacific and Japan
• Rest-of-the-World

North America is home to several automotive LiDAR system-on-chip manufacturers as well as automotive LiDAR manufacturers.

Get more detailed insights on Automotive Market Research Reports.

Recent Developments in the LiDAR SoC Market

• In November 2022, Aeva Inc. expanded its presence internationally with the hiring of new teams in Germany, India, and Thailand, as well as the appointment of industry veteran Clement Kong to oversee sales in the Asia-Pacific region.

• In May 2022, SiLC Technologies, Inc. collaborated with AutoX Inc., which is the leader in China's robo-taxi market, to deploy SiLC’s Eyeonic Vision Sensor for its fleet of robotic taxis.

• In December 2021, indie Semiconductor, Inc. launched the Surya LiDAR system-on-a-chip (SoC) that provides advanced driver assistance systems and autonomous driving features.

Future Market Outlook

The automotive LiDAR System-on-Chip market is poised for strong growth as the push toward autonomous vehicles accelerates. Innovations in LiDAR technology and SoC integration are making these systems more compact, affordable, and powerful, which is essential for mass adoption in the automotive sector. Additionally, advancements in AI and machine learning are enhancing the capabilities of LiDAR SoC systems, enabling more accurate perception and decision-making in autonomous driving systems.

The rising demand for safer and more efficient vehicles, coupled with government initiatives to promote autonomous driving technologies, will likely continue to propel the market forward. By addressing cost challenges and improving performance, LiDAR SoC systems are expected to play a pivotal role in the future of the automotive industry, transforming the way vehicles operate and interact with their surroundings.

Talk to our Analyst to get a deeper insight of the market

Conclusion

The Automotive LiDAR System-on-Chip Industry is on a growth trajectory, driven by the increasing demand for autonomous vehicles and advanced driver-assistance systems. As technology continues to evolve, LiDAR SoC solutions will become more integral to the future of mobility, offering improved safety, efficiency, and reliability in automotive applications. The next decade will likely see further innovation and widespread adoption of LiDAR SoC systems, making them a cornerstone of the autonomous vehicle ecosystem.