SPAD Depth Sensor For Automotive Lidar Market 2023 – Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Market Size & Forecast 2030
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SPAD Depth Sensor for Automotive LiDAR
Insights:
SPAD (Single-Photon Avalanche Diode)
depth sensors are a kind of LiDAR (Light Detection and Ranging) technology
that's gaining popularity within the automotive industry. LiDAR is a remote
sensing technology that uses light within the sort of laser pulses to measure
distances and makes 3D maps of the environment. SPAD depth sensors are
considered to be a promising alternative to traditional LiDAR systems due to
their high resolution and accuracy, low power consumption, and skill to detect
objects at long ranges.
The automotive LiDAR market is
predicted to grow rapidly within the coming years, driven by the increasing
demand for advanced driver assistance systems (ADAS) and autonomous vehicles
which has several benefits, including improved safety, reduced accidents, and
increased efficiency. SPAD depth sensors are expected to play a big role in the
growth of the automotive LiDAR market, particularly in the development of
high-performance LiDAR systems.
SPAD Depth Sensor for Automotive LiDAR
Market
The market share of SPAD depth sensors
within the automotive LiDAR market is predicted to extend significantly within
the coming years, driven by their high resolution, accuracy, and skill to
detect objects at long ranges. The market size was valued at $75.9 million in
2022 and is projected to succeed at $289.2 million by 2030, at a CAGR of 18.2%
from 2023 to 2030. SPAD depth sensors are expected to be widely utilized in
advanced driver assistance systems (ADAS) and autonomous vehicles, which are
getting increasingly popular within the automotive industry.
The Asia-Pacific region is predicted to be the fastest-growing marketplace for SPAD depth sensors for automotive LiDAR, driven by the increasing adoption of ADAS and autonomous vehicles in countries like China, Japan, and South Korea. North America and Europe also are expected to be significant markets, driven by the presence of several key players within the region and therefore the growing demand for LiDAR in automotive applications.
SPAD Depth Sensor for Automotive LiDAR
Market Growth Drivers:
SPAD depth sensors are well-suited to
be used in ADAS applications, as they provide high-resolution, accurate depth
maps of the environment which can help drivers avoid accidents and reduce the
danger of injury. SPAD depth sensors are expected to play a big role in the
development of high-performance LiDAR systems for autonomous vehicles, due to
their high accuracy and resolution.
Significant advancements are made in
sensor technology, enabling the event of smaller, more efficient SPAD depth
sensors that consume less power and are more reliable. These advancements are
expected to extend the adoption of SPAD depth sensors in automotive LiDAR
applications.
Governments around the world are implementing regulations and safety standards that mandate the utilization of advanced safety and driver assistance systems in vehicles which is predicted to drive the adoption of LiDAR technology, including the utilization of SPAD depth sensors. Several key players within the automotive industry are investing heavily in LiDAR technology, with attention on developing high-performance, low-cost LiDAR systems.
SPAD Depth Sensor for Automotive LiDAR
Market Segmentation:
1. Technology: Direct Time-of-Flight (dTOF), Indirect Time-of-Flight
(iTOF)
2. Application: Advanced Driver Assistance Systems (ADAS),
Autonomous Vehicles
3. Vehicle Type: Passenger Cars, Commercial Vehicles
4. Sales Channel: Direct Sales, Distribution Channel
5. Region: North America, Europe, Asia-Pacific,
Latin America, Middle East & Africa
SPAD Depth Sensor for Automotive LiDAR
Market Technology Segment Review
The direct time-of-flight (dTOF)
technology segment accounted for the most important market share of 65.9% in
2022, and it's expected to take care of its dominance by growing at a CAGR of
17.9% from 2023 to 2030. dTOF technology provides highly accurate depth
information by measuring the time it takes for a lightpulse to hit an object
and back. Velodyne LiDAR, Luminar Technologies, Innoviz Technologies, and
Quanergy Systems are several major players in the automotive LiDAR market using
dTOF technology in SPAD depth sensors.
The indirect time-of-flight (iTOF)
technology segment is predicted to grow at a CAGR of around 19.1% during the
aforementioned period. The high rate of growth of the iTOF technology segment
is usually attributed to the increasing adoption of this technology in
automotive LiDAR applications due to its ability to measure distance with high
precision and at longer ranges. Valeo SA, Infineon Technologies, ams AG, and
Sony Corporation are several major players in the automotive LiDAR market using
iTOF technology in SPAD depth sensors.
SPAD Depth Sensor for Automotive LiDAR
Market Application Segment Review
The ADAS application segment accounted
for the largest market share in 2022, with a market share of 56.9% expected to
grow at a CAGR of 17.2% from 2023 to 2030. SPAD Depth Sensors in ADAS systems
provide highly accurate depth information with low power consumption
by detecting single photons with high sensitivity, precision, and accuracy, even
in low-light conditions. Automatic emergency braking (AEB), adaptive cruise
control (ACC), and lane departure warning (LDW) are some examples of ADAS
applications that use SPAD Depth Sensors for LiDAR.
The autonomous vehicles application
segment is predicted to grow at a CAGR of 19.9% during an equivalent period.
The high rate of growth of the autonomous vehicles application segment is often
attributed to the increasing adoption of LiDAR technology in autonomous
vehicles for improved sensing and navigation capabilities. The growing
development and deployment of autonomous vehicles are expected to drive the
expansion of the SPAD depth sensor market within the segment. Velodyne LiDAR,
Luminar Technologies, Infineon Technologies, ams AG, and Sony Corporation are
major players in the segment.
SPAD Depth Sensor for Automotive LiDAR
Market Vehicle Type Segment Review
Passenger vehicles, such as cars and
SUVs, are an important segment in the SPAD Depth Sensor for Automotive LiDAR
Market and are used for a range of applications, including ADAS, autonomous
driving, and collision avoidance systems. It was the most important market in
2022, with a market share of 71.4%, and is predicted to grow at a CAGR of 17.6%
from 2023 to 2030. The increasing demand for advanced safety and driver
assistance systems in passenger cars is predicted to drive the expansion of the
SPAD depth sensor market.
The commercial vehicles segment is
predicted to grow at a CAGR of 19.3% during an equivalent period attributed to
the increasing adoption of LiDAR technology in trucks, buses, and other
commercial vehicles for improved safety and navigation capabilities. SPAD Depth
Sensors are well-suited for use in commercial vehicles due to their ability to
provide accurate depth information even at long ranges. Continental AG, LeddarTech
Inc., Valeo SA, and Velodyne LiDAR are major players in the segment.
SPAD Depth Sensor for Automotive LiDAR
Market Sales Channel Segment Review
The direct sales segment accounted for
the most important market share in 2022, with a market share of 98.3%. LiDAR
sensor manufacturers partner with OEMs to provide LiDAR systems as part of the
vehicle's original equipment allowing for seamless integration of the LiDAR
system into the vehicle. They are also increasingly selling their products
directly to customers through online retail channels. The direct sales segment
is predicted to grow at a CAGR of 17.9% from 2023 to 2030. The distribution
sales segment is predicted to grow at a CAGR of 16.9% during equivalent
period. LiDAR sensor manufacturers distribute their products through aftermarket
channels, like automotive parts distributors and retailers. Aftermarket sales
channels leave greater accessibility to LiDAR systems and allow vehicle owners
to retrofit their vehicles with LiDAR technology. Digi-Key Electronics, Mouser
Electronics, and Avnet are some significant players within the distribution
sales segment.
SPAD Depth Sensor for Automotive LiDAR
Market Regional Synopsis:
North America accounted for the
second-largest market share in 2022, with a market size of $28.8 million and a
market share of 33.0%. The high rate of growth in North America is often
attributed to the increasing adoption of LiDAR technology in autonomous vehicles
and the growing demand for advanced safety and driver assistance systems within
the region. The region is predicted to witness significant growth at a CAGR of
17.4% from 2023 to 2030 to succeed in an estimated worth of $104.0 million by
2030. Luminar Technologies, Inc., LeddarTech Inc., Quanergy Systems, Inc.,
Infineon Technologies AG, ON Semiconductor Corporation, and STMicroelectronics
N.V. are among the major players in this region.
Europe held the third-largest market
share in 2022 and is predicted to witness steady growth at a CAGR of 16.9% from
2023 to 2030 attributed to the increasing demand for advanced safety and driver
assistance systems in vehicles and the presence of prominent automotive
manufacturers within the region. Infineon Technologies AG, STMicroelectronics
N.V., First Sensor AG, and Sony Corporation are some of the key players in this
region.
Asia Pacific region dominated the
market in 2022 and is predicted to continue its dominance driven by the
increasing adoption of LiDAR technology in automotive manufacturing and the
growing demand for advanced safety and driver assistance systems within the
region. It's expected to grow at a CAGR of 18.8% from 2023 to 2030.Toshiba
Corporation, Panasonic Corporation, Samsung Electronics Co., Ltd., and Innoviz
Technologies Ltd., are some of the key players in this region.
Latin America and the Middle East &
Africa accounted for a minor market share in the global market in 2022 but are
predicted to have a significant growth rate from 2023 to 2030. The high growth
rates in both regions are often attributed to the increasing adoption of LiDAR
technology in automotive manufacturing, government regulations, investment in
autonomous vehicles, and the growing demand for advanced safety and driver
assistance systems.
SPAD Depth Sensor for Automotive LiDAR
Market Key Challenges:
The cost of LiDAR systems, which incorporate
SPAD depth sensors, remains relatively high compared to other sensing
technologies, which could limit the adoption of LiDAR in automotive
applications, especially in price-sensitive markets.
LiDAR systems got to be highly reliable
and sturdy, as they're required to function in challenging environmental
conditions, like extreme temperatures, humidity, and vibration. Ensuring the
reliability and sturdiness of SPAD depth sensors might be a challenge for
manufacturers.
There is currently no industry standard
for LiDAR technology, which could hinder the expansion of the market. a
scarcity of standardization could also make it difficult for manufacturers to
integrate SPAD depth sensors into LiDAR systems. SPAD depth sensors even have a
limited range compared to other LiDAR technologies, which could limit their
applications in certain use cases.
LiDAR technology is subject to
regulatory requirements associated with safety and emissions, which could limit
its adoption in some markets. Manufacturers may have to suit different
regulatory standards in several regions, which could increase costs and
complexity.
SPAD Depth Sensor for Automotive LiDAR Market
Key Global Players:
The competitive landscape of the global
SPAD depth sensor for the automotive LiDAR market is influenced by several
factors, including:
·
Companies
that are ready to develop and commercialize advanced SPAD depth sensors that
provide better performance, lower cost, and greater reliability will have a
competitive advantage within the market. Companies that invest in R&D
activities to improve their SPAD depth sensors and develop new applications
will be better positioned to capture market share and drive growth.
·
Strategic
partnerships and collaborations with other companies, research institutes, and
government agencies can help companies expand their market presence and gain
access to new technologies and resources.
·
Companies
that are ready to differentiate their SPAD depth sensors from those of their
competitors through unique features, performance specifications, and pricing
strategies are going to be better positioned to compete within the market.
·
Strong
customer relationships, built on trust, reliability, and customer support, are
often key competitive advantages for companies operating within the SPAD depth
sensor marketplace for automotive LiDAR.
·
Companies
that are ready to suit industry standards and regulatory requirements associated
with safety, performance, and emissions are going to be better positioned to
compete within the market.
Numerous players are vying for market
share and investing in new technologies and product development to stay ahead
of the curve in the market. Some of the key global players in the SPAD depth
sensor for the automotive LiDAR market include:
·
ams AG
·
Avnet
·
Continental
AG
·
Digi-Key
Electronics
·
Excelitas
Technologies Corp.
·
First Sensor
AG
·
Hamamatsu
Photonics K.K.
·
Infineon
Technologies AG
·
Innoviz
Technologies Ltd.
·
LeddarTech
Inc.
·
Luminar
Technologies, Inc.
·
Mouser
Electronics
·
ON
Semiconductor
·
Panasonic
Corporation
·
Philips
Photonics
·
Quanergy
Systems, Inc.
·
Quantum
Efficiency Devices Inc.
·
Samsung
Electronics Co., Ltd.
·
SensL
Technologies Ltd.
·
Sony
Corporation
·
STMicroelectronics
N.V.
·
Toshiba
Corporation
·
TriLumina
Corporation
·
Valeo SA
·
Velodyne
LiDAR
These companies are involved in the
design, development, and manufacture of SPAD depth sensors for automotive LiDAR
and related products, and they have a robust presence within the global market.
They compete with supported factors like technological innovation, product
performance, pricing, customer service, distribution, and marketing. These
companies also are involved in strategic partnerships and acquisitions to expand
their product offerings, enhance their technological capabilities, and increase
their market share. These companies are investing heavily in research and
development to improve the performance and reliability of SPAD depth sensors
and develop new applications for automotive LiDAR.
The report on
the SPAD depth sensors for the automotive LiDAR market covers the following
aspects:
·
Market
Overview: A general overview of the global SPAD depth sensors for the
automotive LiDAR market, including its current size and growth projections for
the future.
·
Market
Segmentation: A breakdown of the market by technology, application, vehicle
type, sales channel, and geographic region.
·
Market
Dynamics: An analysis of the key drivers, challenges, and trends affecting the
growth of SPAD depth sensors for automotive LiDAR: A comprehensive analysis of
the leading players in the SPAD depth sensors for automotive LiDAR market,
including their market share, product offerings, and key strategies.
·
Regional
Analysis: A detailed analysis of the SPAD depth sensors for the automotive
LiDAR market by geographic region, including market size, growth projections,
and key trends for each region.
·
Company
Profiles: In-depth profiles of key players in the SPAD depth sensors for the
automotive LiDAR market, including their business overview, product offerings,
financial performance, and recent developments.
·
Market
Forecast: Projections for the future growth of the SPAD depth sensors for the
automotive LiDAR market, including market size, growth rate, and key trends for
the next five to ten years.
Attributes |
Details |
Base Year |
2022 |
Trend Period |
2018 – 2032 |
Forecast Period |
2023 – 2030 |
Pages |
215 |
Technology Segment |
Direct Time-of-Flight (dTOF),
Indirect Time-of-Flight (iTOF) |
Application Segment |
Advanced Driver Assistance Systems
(ADAS), Autonomous Vehicles |
Vehicle Type Segment |
Passenger
Cars, Commercial Vehicles |
Sales Channel Segment |
Direct
Sales, Distribution Channel |
Company Profiles |
Sony
Corporation, Philips Photonics, Quantum Efficiency Devices Inc., Tower
Semiconductor Ltd., ON Semiconductor, STMicroelectronics, SensL Technologies
Ltd., Innoviz Technologies Ltd., and Others |
Edition |
4th edition |
Publication |
April 2023 |