According to Cognitive Market Research, the global Automotive LiDAR Sensors market size was USD 581.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 41.50% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 232.4 million in 2024 and will grow at a compound annual growth rate (CAGR) of 39.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 174.36 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 133.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 43.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 29.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 40.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 11.62 million in 2024 and will grow at a compound annual growth rate (CAGR) of 41.2% from 2024 to 2031.
The electro-mechanical category is the fastest growing segment of the Automotive LiDAR Sensors industry
