LiDAR: dropping prices and low volumes
By 2025, Yole expects only 3.2 percent of personal cars to adopt LiDAR
LiDAR has seen a massive price drop in the past three years according to market research consultants Yole Développement. However, it’s not the result of mass-production because volumes have not grown significantly and mass adoption of LiDAR is yet to happen. Instead, it’s due to the strategies of different companies.
In this complex and rapidly evolving environment, Yole’s analysts predict that the LiDAR market for automotive and industrial applications will be $1.7 billion in 2020. Growth is expected to be 19 percent. Yole’s forecast is a revenue of $3.8 billion in 2025.