Jibang Consulting: It is estimated that the output value of the lidar market will reach 53.52 billion US dollars in 2029.

According to the latest report from TrendForce, currently, LiDAR is mainly used in the automotive market for passenger cars and unmanned 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, the estimated 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%.

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