The automotive LiDAR market is expected to grow at a compound annual growth rate (CAGR) of 18.2% from 2023 to 2030. The market size was estimated at $75.9 million in 2022 and is expected to reach $289.2 million by 2030. The high resolution, accuracy, and ability to detect objects at long range are expected to propel the market share of SPAD depth sensors within the coming years. The automotive industry is expected to place a high value on these sensors due to their widespread use in advanced driver assistance systems (ADAS) and autonomous vehicles.

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The increased use of ADAS and autonomous vehicles in nations like China, Japan, and South Korea is expected to propel the Asia-Pacific region's SPAD depth sensor market for automotive LiDAR to record growth. Due to the presence of numerous major players in the region and the resulting rise in demand for LiDAR in automotive applications, North America and Europe are also anticipated to be significant markets.
SPAD Depth Sensor for Automotive LiDAR Market Growth Drivers:
Because SPAD depth sensors offer precise, high-resolution maps of the surrounding environment, they are a good fit for use in ADAS applications where they can lower the risk of harm and help drivers avoid accidents. Because of their great accuracy and resolution, SPAD depth sensors are anticipated to be a major player in the development of high-performance LiDAR systems for autonomous cars.
Significant progress is made in sensor technology, opening the door to the development of more compact, dependable, and power-efficient SPAD depth sensors. It is anticipated that these developments would increase the use of SPAD depth sensors in automotive LiDAR applications.
SPAD Depth Sensor for Automotive LiDAR Market Segmentation:
• Technology:
o Direct Time-of-Flight (dTOF)
o Indirect Time-of-Flight (iTOF)
• Application:
o Advanced Driver Assistance Systems (ADAS)
o Autonomous Vehicles
• Vehicle Type:
o Passenger Cars
o Commercial Vehicles
• Sales Channel:
o Direct Sales
o Distribution Channel
• Region:
o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East & Africa
SPAD Depth Sensor for Automotive LiDAR Market Key Global Players:
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

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