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Yole Developpement: Huawei currently occupies 3% of the global LiDAR market

by Amit
September 7, 2021
in Huawei News, News
0
Yole Developpement report

Yole Developpement report

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According to the Yole Developpement, a well-known semiconductor consulting organization released a report entitled “Lidar for Automotive and Industrial Applications 2021”.

As per the latest report, since David Hall led Velodyne to invent 3D real-time lidar technology in 2005, at least 80 companies focused on lidar have been established around the world, greatly expanding the application space of this technology.

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Yole analysts pointed out that the lidar market for automotive and industrial applications is expected to reach US$5.7 billion by 2026, with a compound annual growth rate of 21% from 2020 to 2026. In 2020, lidar in advanced driver assistance systems (ADAS) will only account for 1.5% of the automotive and industrial lidar markets, but by 2026, the proportion of ADAS is expected to reach 41%.

The report pointed out that by 2026, the smart infrastructure lidar market is expected to reach 395 million U.S. dollars, with a compound annual growth rate of 35% from 2020 to 2026. The logistics lidar market is expected to reach USD 466 million by 2026, with a compound annual growth rate of 23%.

LiDAR market overview

LiDAR market view

(Via)

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Amit

Amit

I write about Huawei Latest News, EMUI Updates & more. I am also a fitness freak. For any information, tip or help send me an email at huaweiupdatenews@gmail.com

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