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Automotive Lidar Sensors Market size is set to grow by USD 693.6 million from 2024-2028, rapid developments in autonomous vehicle technology to boost the market growth, Technavio

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NEW YORK, June 18, 2024 /PRNewswire/ — The global automotive lidar sensors market  size is estimated to grow by USD 693.6 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  22.08%  during the forecast period.  rapid developments in autonomous vehicle technology is driving market growth, with a trend towards continuous cost reduction of lidar sensors  However, high cost of automotive lidar sensors  poses a challenge.Key market players include Benewake Beijing Co. Ltd, Cepton Inc., Continental AG, DENSO Corp., HELLA GmbH and Co. KGaA, Ibeo Automotive Systems GmbH, Infineon Technologies AG, Innoviz Technologies Ltd., LeddarTech Inc., Leishen Intelligent Systems Co. Ltd., Lumibird Canada, Luminar Technologies Inc., Ouster Inc., Quanergy Systems Inc., TE Connectivity Ltd., TetraVue Inc., Valeo SA, Velodyne Lidar Inc., and ZF Friedrichshafen AG.

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Application (ADAS and Autonomous vehicle), Technology (Solid-state and Electro mechanical), and Geography (North America, Europe, APAC, Middle East and Africa, and South America)

Region Covered

North America, Europe, APAC, Middle East and Africa, and South America

Key companies profiled

Benewake Beijing Co. Ltd, Cepton Inc., Continental AG, DENSO Corp., HELLA GmbH and Co. KGaA, Ibeo Automotive Systems GmbH, Infineon Technologies AG, Innoviz Technologies Ltd., LeddarTech Inc., Leishen Intelligent Systems Co. Ltd., Lumibird Canada, Luminar Technologies Inc., Ouster Inc., Quanergy Systems Inc., TE Connectivity Ltd., TetraVue Inc., Valeo SA, Velodyne Lidar Inc., and ZF Friedrichshafen AG

Key Market Trends Fueling Growth

The automotive LiDAR sensor market is experiencing significant advancements as companies work to reduce costs and increase production volumes. Historical examples, such as the anti-lock braking system (ABS), suggest that substantial price declines are likely. Innovations like single-chip LiDAR sensors and phased array technology are expected to bring costs down to around USD1,000 by 2022-2024 and USD100 in a decade. Venture capitalists are showing increased interest in this sector, indicating a steady price decline and market growth during the forecast period. 

The Autonomous Vehicle Market is experiencing significant growth, with Lidar sensors playing a crucial role in enabling self-driving technology. Companies are investing heavily in developing advanced Lidar sensors to improve vehicle safety and performance. The market for these sensors is expanding, with new applications in areas such as traffic management and surveillance. The use of Lidar technology in the automotive industry is becoming more common, with many manufacturers integrating it into their vehicles. The future looks bright for Lidar sensors in the automotive sector, with continued innovation and advancements expected. The market for these sensors is expected to grow, driven by the increasing demand for autonomous vehicles and the need for improved safety features. The Lidar market is competitive, with several players vying for market share. Some of the key players include Objetive Analysis, Luminar Technologies, Velodyne Lidar, and Aptiv. The market is expected to reach new heights in the coming years, driven by the increasing adoption of autonomous vehicles and the need for more advanced safety features. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The automotive LiDAR sensors market faces significant challenges due to high costs, with Ouster’s ES2 sensor initially priced at USD600 for mass production in 2024. However, industry experts predict cost reductions due to mass production. Despite this, current price points, such as Luminar’s deal with Volvo for USD100 sensors in 2022, remain high for widespread industry adoption. OEMs already contend with substantial cost pressures from regulations, R&D investments, market competition, and evolving customer demands. The added expense of LiDAR sensors, essential for advanced driver assistance systems (ADAS), poses a significant challenge for market growth.The Automotive Lidar Sensors Market faces several challenges. One key challenge is the high cost of Lidar sensors, making their adoption less attractive for some automotive manufacturers. Another challenge is the need for Lidar sensors to operate in various weather conditions and environments, as they can be affected by factors such as fog, rain, and bright sunlight. Additionally, the development of smaller, more cost-effective Lidar sensors that can be mass-produced is a significant challenge. Furthermore, ensuring the reliability and accuracy of Lidar sensors in real-world driving conditions is a major concern. Lastly, integrating Lidar sensors with other sensor technologies, such as cameras and radar, to create a comprehensive Advanced Driver Assistance System (ADAS) is a complex challenge.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This automotive lidar sensors market report extensively covers market segmentation by

Application 1.1 ADAS1.2 Autonomous vehicleTechnology 2.1 Solid-state2.2 Electro mechanicalGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 ADAS-  The global automotive market is experiencing growth due to the adoption of advanced telematics, particularly ADAS systems. These include features like adaptive front lights, adaptive cruise control, and collision warning systems. Although there was a dip in growth rates in 2022, ADAS is expected to regain ground as a standalone offering, driven by regulatory support and demand for driver assistance in long drives and among elderly customers. ADAS penetration is increasing in both passenger and commercial vehicles, leading to increased demand for automotive LiDAR sensors.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The Automotive LiDAR Sensors market is experiencing significant growth due to the increasing demand for advanced safety features and autonomous vehicle technology. Remote sensing techniques, utilizing LiDAR technology, enable distance estimation and object detection, ensuring safe navigation for autonomous vehicles. High-resolution 3D images generated by these sensors provide detailed maps, enabling accident avoidance and product development in the eMobility sector. Infineon Technologies AG’s AURIXTM microcontroller family, including the TC4x series, powers these sensors, enhancing their functionality and reliability. Joint ventures and technology collaborations are driving innovation in this field, ensuring continuous advancements in autonomous car safety and performance.

Market Research Overview

The Automotive Lidar Sensors Market refers to the industry that produces, supplies, and installs Light Detection and Ranging sensors for automotive applications. These sensors use laser technology to measure distances and create a 3D map of the environment in real-time. They are essential for advanced driver assistance systems (ADAS) and autonomous vehicles, providing data for functions such as adaptive cruise control, lane departure warning, and automatic emergency braking. The market is driven by the increasing demand for safety and convenience features in vehicles, as well as the growing trend towards autonomous driving technology. The market is also influenced by factors such as regulatory requirements, technological advancements, and cost trends. The global Automotive Lidar Sensors Market is expected to grow significantly in the coming years, with key applications in passenger cars, commercial vehicles, and two-wheelers.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationADASAutonomous VehicleTechnologySolid-stateElectro MechanicalGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Lexmark Showcases New Printers and Technology Solutions for Retailers at NRF 2025

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NEW YORK, Jan. 12, 2025 /PRNewswire/ — Lexmark, a global imaging and IoT solutions leader, will showcase its cutting-edge, retail-ready printers and solutions at NRF 2025, Retail’s Big Show and Expo, Jan. 12 to 14, at the Jacob K. Javits Center in New York. The Lexmark showcase will be in booth #6321.

“Lexmark kicks off the year with a bang by showcasing our latest 9-Series family of A3 printers and MFPs at NRF for the first time,” said Tim Speller, Lexmark’s head of retail and manufacturing. “These sophisticated devices will usher in a new era of opportunity for retailers to maximize operational efficiency while increasing sales.”

Here’s what will be on display in Lexmark booth #6321:

New Lexmark 9-Series printers and MFPs are designed for challenging retail environments

Built by evolving Lexmark’s renowned A4 technology, the 9-Series delivers versatility, simplicity and sustainability. These solutions are easy to use and manage – perfect for any retail salesfloor or back office.

Key highlights of 9-Series:

Versatile and easy to use. The 9-Series offers a broad range of media size support (A6 to SRA3), high-volume duty cycles, a common set of modular paper-handling options, finishing capabilities and professional color features including PANTONE® calibration.Simple and easy to manage. The 9-Series’ intuitive interface streamlines workflows by providing simple instructions and prompts. For routine maintenance, toner cartridges can be replaced with one hand, easily understood visual cues are displayed, and serviceable areas are easy to access and identify.Sustainable and easy to feel good about. The 9-Series’ total post-consumer recycled (PCR) content is 56% by weight for all base-model MFPs and 73% by weight for the line’s base-model printer, based on IEEE calculation procedures. *Built to last. The 9-Series is designed and built to last seven years or more. Having few components helps reduce the likelihood of technical failure while also minimizing the service time required for repairs and maintenance. Experienced technicians can perform most common service actions, even highly complex tasks, in less than 15 minutes, according to Lexmark testing.

Lexmark Engagement Automation Platform (LEAP) helps retailers drive sales and foot traffic with hyper-local social media ads

LEAP automates one-to-one promotions that drive footfall to local stores. Store leaders can trigger hyper-personalized sale posts and boost ads based on individual store inventory conditions through loyalty program apps and social media platforms like Facebook and Instagram. With advanced analytics and reporting capabilities, LEAP provides the insights needed to measure success and make data-driven decisions.

Key highlights of LEAP:

Engagement: To engage shoppers, center promotions around customer buying patterns with an engagement automation platform that posts localized content – such as store-specific offers, events and locally grown produce initiatives.

Automation: Schedule and manage automatic localization and delivery of corporate promotional messaging with an engagement automation platform to reach consumers through social media with hyper-local content around each store or audience region.

Loyalty: Attract local customers with an engagement automation platform that sends store- and corporate-initiated offers to geo-fenced social media apps like Facebook and Instagram and loyalty program applications.

Supporting resources

Learn more about Lexmark’s booth at NRF 2025.

Read Lexmark’s NRF blog.

Schedule a booth meeting with our retail experts during NRF 2025.

Get more details about the Lexmark 9-Series.

Get more details about the Lexmark Engagement Automation Platform (LEAP).

Watch a video about LEAP.

Get the details on NRF 2025.

Follow us on LinkedIn for live NRF updates.

About Lexmark

Lexmark creates cloud-enabled imaging and IoT technologies that help customers worldwide quickly realize business outcomes. Through a powerful combination of proven technologies and deep industry expertise, Lexmark accelerates business transformation, turning information into insights, data into decisions, and analytics into action.

Lexmark and the Lexmark logo are trademarks of Lexmark International, Inc., registered in the United States and/or other countries. All other trademarks are property of their respective owners.

* PCR content measured in accordance with IEEE Std 1680.2a™ – 2017 Standard for Environmental Assessment of Imaging Equipment – Amendment 1 — which is the standard used by EPEAT.

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SOURCE Lexmark

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Pricer and Focal Systems Announce Strategic Collaboration to Drive the Next Step in Physical Store Digitalization

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Pricer, a global leader in digital shelf-edge solutions, and Focal Systems, a leader in shelf-edge AI, today announced a strategic collaboration to accelerate the digitization and optimization of the physical store for retailers worldwide.

STOCKHOLM, Jan. 12, 2025 /PRNewswire/ — This collaboration brings together Pricer’s innovations in dynamic pricing and shelf-edge communication with Focal Systems’ advanced computer vision and product availability solutions to maximize shopper satisfaction while optimizing retail operations.

As a pioneer in enabling dynamic pricing and digitizing shelf-edge shopper communication, Pricer has led the first step of the retail digitalization journey. Focal Systems has pioneered the application of computer vision to digitizing what products are available on-shelf or not in near real-time. Together, Pricer and Focal Systems will empower retailers to improve labor efficiency, reduce out-of-stocks, increase sales, and enhance shopper satisfaction like never before.

Enhancing the Shelf Edge Through Collaboration

By integrating Focal Systems’ AI-powered shelf vision cameras with Pricer’s leading electronic shelf label (ESL) platform, retailers will benefit from:

Real-Time Shelf Insights: Automated detection and alerting of out-of-stock or low items powering rapid replenishment and increased shopper satisfactionDynamic Task Automation: Streamlined workflows and prioritized tasks to improve operational efficiency for store staff.Patented Innovation: Camera-based out of stock detection and communication, flashing ESLs, alternate location communication.Seamless Integration: Standardized API connections that deliver out-of-the-box value, offering synchronized ESL flashes, messaging updates, and shelf-edge intelligence.

Together, Pricer and Focal Systems demonstrate that the combined offerings deliver measurable value for the retailers by enabling a fully digitalized shelf-edge ecosystem.

Strategic Collaboration for the Future of Retail

“We are proud to combine our leadership in ESL technology with Focal Systems’ AI-powered shelf vision,” said Chris Chalkitis, CDO at Pricer. “Both companies share a belief in the digitalization of the physical store. Pricer has been a pioneer in dynamic pricing and shelf-edge communication. With Focal Systems, we take the next step, digitizing what’s on the shelf – and what’s not – to drive greater efficiency and performance for retailers.”

Focal Systems’ AI technology transforms retail operations through real-time shelf monitoring and replenishment task optimization.

“Partnering with Pricer, a global leader with groundbreaking ESL technology and innovation, creates tremendous value for retailers,” said Kevin H. Johnson, CEO at Focal Systems. “Together, we deliver an integrated, data-driven solution that reduces operational complexity, automates workflows, and enhances the in-store experience. We look forward to demonstrating this powerful collaboration to retailers and their customers.”

Showcasing the Future at NRF 2025

The collaboration will officially debut at the National Retail Federation (NRF) Big Show in January 2025, where Pricer and Focal Systems will showcase the integrated solution at Pricer’s booth. This marks the beginning of an exciting journey to redefine the shelf edge and set new standards for retail innovation.

For further information, please contact:
Chris Chalkitis, Chief Digital Officer, +46 70 4849812
Finn Wikander, Chief Product Officer, +46 705 233077
info@pricer.com

About Pricer

Pricer is a leading global provider of digital shelf-edge solutions, helping retailers optimize pricing, improve operational efficiency, and enhance the customer experience. With patented innovations like camera-based product identification by ESL, Pricer continues to set the standard for dynamic, intelligent shelf-edge solutions. For more information, visit www.pricer.com.

About Focal Systems

Focal Systems is a leading provider of AI-powered computer vision solutions, helping retailers automate operations and optimize product availability through real-time shelf monitoring. Its advanced technology delivers actionable insights that drive efficiency and profitability. For more information, visit www.focal.systems.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/pricer/r/pricer-and-focal-systems-announce-strategic-collaboration-to-drive-the-next-step-in-physical-store-d,c4090287

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Blue Owl Capital Expands Tennis Player Sponsorship to All Grand Slam Tournaments in 2025

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Blue Owl to place logo patches on dozens of athletes competing across the Australian Open,
French Open, Wimbledon, and US Open

Jordan Thompson named as Blue Owl’s dedicated athlete ambassador for the Australian Open

NEW YORK, Jan. 12, 2025 /PRNewswire/ — Blue Owl Capital Inc. (“Blue Owl”) (NYSE: OWL), a leading alternative asset manager, announced today a marquee sponsorship agreement to expand their presence at all Grand Slam tournaments in 2025 and become the exclusive financial services partner for professional tennis’ Player Patch Program.

Blue Owl’s logo will be featured on the shirt of select players competing across men’s singles, women’s singles, mixed doubles, men’s doubles and women’s doubles competitions at this year’s Australian Open, French Open, Wimbledon, and US Open tournaments. In addition to Blue Owl’s presence on the courts, the firm will be featured in iconic Melbourne transit hubs, social media and digital media during the Australian Open in an effort to raise brand awareness within the country and the broader APAC market.

Blue Owl Chief Marketing Officer Suzanne Escousse said, “Just as Blue Owl is redefining alternative investing, we are supporting established and emerging professional players who are redefining the game of tennis. Tennis is a truly worldwide sport requiring peak performance in critical, high-pressure moments. This is the same ethos that underpins Blue Owl and allows us to focus on delivering results for our international client base. Following the success of our involvement with the Patch Program at the 2024 US Open, and given Blue Owl’s established presence within the country, Australia is the perfect place to kick off our presence across Grand Slam tournaments.”

Blue Owl has also partnered with Australian tennis professional Jordan Thompson, who will serve as the firm’s Athlete Ambassador at the 2025 Australian Open – January 12-26 in Melbourne. Most recently, Thompson won the men’s doubles at the 2024 US Open, where he was wearing a Blue Owl patch, and was a men’s doubles finalist at Wimbledon in 2024. He has also registered victories over several top-10-ranked opponents in singles competitions and previously represented Australia at the Olympics and the Davis Cup. Thompson will be one of several competitors wearing Blue Owl’s logo throughout the tournament.

Jordan Thompson said: “Blue Owl is focused on delivering excellence for its clients, which makes it a great fit for a partnership with professional tennis players. Support from firms like Blue Owl is tremendously beneficial for players who are preparing for career-defining events, especially the four Grand Slams. Our shared core values, including striving for success in every step of our journeys, whether that be in the financial services industry or competing as a professional athlete, is a perfect match. Alongside my coaches, my doubles teammate(s) and tennis fans, Blue Owl will play a key role for me here in Melbourne at the 2025 Australian Open.”

About Blue Owl

Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives.

With $235 billion in assets under management as of September 30, 2024, we invest across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Estate. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation.

Together with over 1,050 experienced professionals, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com.

Media Contact

Nick Theccanat
Principal, Corporate Communications & Government Affairs
Nick.Theccanat@blueowl.com

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SOURCE Blue Owl Capital

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