NEW YORK, Oct. 27, 2021 /PRNewswire/ — The aggregated installed base of LiDAR sensors in the Smart Cities, Security, and Industrial verticals will reach 16 million by 2030, higher than the 13 million LiDAR sensors to be installed in vehicles by 2030. Moreover, the IoT markets will reach mass-market maturity faster than automotive, yielding significant business value before the middle of this decade. In its new whitepaper, Demystifying LiDAR: IoT and Automotive Applications, Industries, and Business Models, global technology intelligence firm ABI Research explores how the unique features and benefits of LiDAR technology will drive innovation and value across industry segments.
While the driverless vehicle market remains the largest opportunity for LiDAR sensor technologies in the longer term, there is a more imminent business proposition in various IoT markets. “With the autonomous car market now not expected to take off until well into the second half of this decade, LiDAR suppliers are actively exploring many new use cases across various non-automotive verticals such as Smart Cities, Security, and Industrial Automation. These markets are primed to leverage LiDAR’s inherent advantages of robustness in outdoor environments, reliability, range, and 3D resolution compared with other sensors such as camera, radar, and infrared sensors. Moreover, these IoT markets have less concentrated ecosystems representing both much larger addressable markets in terms of the number of potential buyers and more promising profit margins compared with automotive,” explains Dominique Bonte, Vice President, End Markets and Verticals, at ABI Research.
Specific aspects of the use of LiDAR in the various markets are highlighted below:
- Smart Cities – While the use of LiDAR for vehicle traffic and pedestrian safety monitoring is already quite well established in the Intelligent Transportation Systems (ITS) market, new opportunities include people counting, flow monitoring and management at airports and retail locations as well as building occupancy detection. Value propositions include protection against Covid-19, higher safety levels, increased efficiency and cost savings, improved user experiences, and the collection of marketing intelligence data.
- Security – LiDAR sensors can be deployed in security contexts for a wide range of applications and use cases, including outdoor/indoor surveillance and public safety, border control, intruder detection, access control, and perimeter defense. Critical infrastructure represents the largest security market for LiDAR with data centers, energy generation and distribution, water and utilities, nuclear facilities, and oil and gas as the main segments. Other security categories include commercial buildings, warehouses, and border control. In many environments LiDAR will coexist with biometrics sensors to offer a full range of security features stretching from early, long range detection to facial recognition.
- Industrial – LiDAR is currently adopted by automated material handling solutions in the industrial sector, including automated forklifts, pallet stackers, towers, and tuggers. These automated solutions help to resolve labor shortages and provide the necessary productivity gain. For effective operation, these automated solutions rely on 2D LiDAR for critical functions, including operational safety, localization, and navigation. As autonomous robots are increasingly deployed in dynamic and outdoor environments, 3D LiDAR is expected to play an important role in sensor fusion, mapping, and path planning in field environments, like mines, industrial plants, ports, and farmland.
- Automotive – LiDAR has a well-established use case in the automotive industry, providing extra redundancy in the perception stack for unsupervised autonomous applications. As a ranging sensor able to deliver helpful semantic insight, LiDAR is ideally positioned to add the vital “third opinion” to the current camera-radar mix once the human driver has been taken out of the loop. However, these unsupervised autonomous applications will take years to materialize at scale, limiting the market potential for automotive LiDAR for the next five years.
“LiDAR technology and its supplier ecosystem will continue to evolve in two important respects. First, the shift from mechanical to solid-state LiDAR sensor technology will drive lower price levels, ultimately dropping below US$500, higher manufacturing scalability, and lower maintenance levels due to reduced tear and wear. Second, the LiDAR supplier ecosystem, currently consisting of more than 100 players, will mature and consolidate to between 10 and 20 key players by 2030,” Bonte concludes.
To learn more about the opportunity for LiDAR, what is driving the revenue, and ABI Research’s strategic recommendations for companies, download Demystifying LiDAR: IoT and Automotive Applications, Industries, and Business Models.
About ABI Research
ABI Research is a global technology intelligence firm delivering actionable research and strategic guidance to technology leaders, innovators, and decision makers around the world. Our research focuses on the transformative technologies that are dramatically reshaping industries, economies, and workforces today.
ABI Research提供开创性的研究和战略指导，帮助客户了解日新月异的技术。 自1990年以来，我们已与全球数百个领先的技术品牌，尖端公司，具有远见的政府机构以及创新的贸易团体建立了合作关系。 我们帮助客户创造真实的业务成果。
For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.
Contact Info:
Global
Deborah Petrara
Tel: +1.516.624.2558
pr@abiresearch.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/opportunity-for-lidar-in-non-automotive-verticals-to-reach-16-million-installed-sensors-by-2030-301410182.html
SOURCE ABI Research
Source link
The content is by PR Newswire. Headlines of Today Media is not responsible for the content provided or any links related to this content. Headlines of Today Media is not responsible for the correctness, topicality or the quality of the content.
