Key Market Drivers and Applications:

The automotive sector's shift towards semi-autonomous and fully autonomous vehicles is significantly propelling the LiDAR market forward. Innovations in LiDAR technology, partnerships between original equipment manufacturers (OEMs), startups, and tech giants are resulting in more cost-effective solutions and hastening LiDAR integration across various vehicle categories. Notable market players are focusing on deploying vehicles with high levels of autonomy, thereby expanding the automotive LiDAR market.

360Quadrants Evaluation Framework for automotive LiDAR Market Startups

The 360 Startup/SMEs evaluation matrix provides a comprehensive company assessment of major start-ups and SMEs offering automotive LiDAR Market Quadrant. It outlines key findings and analyzes how effectively each market vendor performs based on predefined competitive leadership mapping criteria. Vendor evaluations are conducted based on product footprint and market share/rank. Each category includes various criteria upon which the vendors are assessed. The top criteria for product footprint evaluation included By ice vehicle type(passenger car, light commercial vehicle (LCV), and heavy commercial vehicle (HCV)) By Electric vehicle type(battery electric vehicle (BEV), fuel cell electric vehicle (FCEV), and plug-in hybrid and hybrid electric vehicle (PHEV)) by Image type(2D and 3D) by laser wavelength(near-infrared (NIR), short-wave Infrared (SWIR), and long-wave Infrared (LWIR)) By level of autonomy(semi-autonomous and fully autonomous vehicles) By Location(bumper & grille, headlight & taillight, roof & upper pillar, and other locations)by Measurement process (time of flight (ToF) and frequency-modulated continuous wave (FMCW)) By Technology (mechanical LiDAR and solid-state LiDAR.) by range (short- & mid-range (170 meters and below) and long-range (above 170 meters)).

Startups/SME Companies in the automotive LiDAR Market Landscape

Baraja Pty Ltd. (Australia):

Founded in 2015 and headquartered in Sydney, Baraja Pty Ltd. is recognized as a dynamic company for its strong solutions portfolio in the automotive LiDAR market. With a focus on solid-state LiDAR technology, Baraja has made significant strides in enhancing the performance and reliability of LiDAR systems.

Opsys-Tech (Israel):

Based in Holon, Israel, and founded in 2016, Opsys-Tech is also categorized as a dynamic company. It specializes in innovative LiDAR solutions that contribute to improved vehicle safety and efficiency. Recently, it has secured substantial investments to enhance its product offerings.

Phlux Technology Ltd. (UK):

A relatively newer entrant, founded in 2020 and based in Sheffield, UK, Phlux Technology is in the early growth stages but is noted for its cutting-edge venture into solid-state LiDAR technologies that promise cost-effective and scalable solutions.

PreAct Technologies, Inc. (US):

A responsive company founded in 2018, PreAct Technologies is focused on developing flash LiDAR sensors. Operating out of Oregon, US, it continues to innovate within the LiDAR technology space, recently launching advanced sensor systems that enhance real-time obstacle detection.

Benewake Co., Ltd. (China):

Based in Beijing and established in 2015, Benewake is recognized as a progressive SME. The company has been successful in advancing the capabilities of LiDAR systems, positioning itself strongly in the market through strategic investments and collaborations.