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Automotive LiDAR Market worth $11.26 billion by 2033 | MarketsandMarkets™

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DELRAY BEACH, Fla., June 12, 2026 /PRNewswire/ — According to MarketsandMarkets™, the Automotive LiDAR Market is projected to grow from USD 1.70 billion in 2026 to USD 11.26 billion by 2033 at a CAGR of 31.0%.

Browse 250 market data Tables and 230 Figures spread through 350 Pages and in-depth TOC on “Automotive LiDAR Market”

Automotive LiDAR Market Size & Forecast:

Market Size Available for Years: 2026-20332026 Market Size: USD 1.70 billion2033 Projected Market Size: USD 11.26 billionCAGR (2026–2033): 31.0%

Automotive LiDAR Market Trends & Insights:

The BEV segment is projected to account for the largest share during the forecast period.The 3D LiDAR segment is projected to lead the market during the forecast period.North America is expected to grow significantly during the forecast period.

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The automotive LiDAR market is evolving as OEMs move from early autonomous driving pilots toward commercially scalable intelligent driving platforms. LiDAR continues to maintain a strong position in applications that require higher perception accuracy and environmental awareness. Advances in imaging radar and AI-driven perception are increasing competition, particularly in cost-sensitive vehicle programs, pushing LiDAR suppliers to improve cost efficiency, reduce sensor size, and strengthen integration capabilities. This is accelerating the shift of LiDAR deployment toward premium vehicles and higher autonomy applications, where stronger perception accuracy and environmental awareness create greater value and justify higher system cost. Adoption is increasingly concentrated in premium vehicles, intelligent EV platforms, and next-generation driving systems. OEMs such as BYD Co., Ltd. (China), Geely Auto (China), NIO Inc. (China), Mercedes-Benz (Germany), and BMW (Germany) continue expanding LiDAR deployment across production vehicle portfolios, while mobility companies, including Waymo LLC (US), continue using LiDAR for advanced vehicle perception. Vehicle programs such as Mercedes-Benz S Class with DRIVE PILOT and AITO M9 with LiDAR-enabled intelligent driving to reflect continued commercialization.

The BEV segment is projected to account for the largest share during the forecast period.

BEVs are expected to account for the largest share of the automotive LiDAR market during the forecast period due to higher adoption of intelligent driving technologies and stronger compatibility with software-defined vehicle architectures. These vehicles are increasingly designed with centralized computing and electronic architectures that make LiDAR integration easier and more scalable. They also offer greater flexibility for sensor placement through cleaner vehicle designs and dedicated EV packaging, enabling seamless integration of LiDAR into the roof, headlamps, bumper, and windshield areas. Additionally, high-voltage battery architectures support LiDAR power requirements with limited impact on vehicle performance, making advanced sensing more practical for production deployment. Vehicle models such as NIO ET7, XPENG G9, Zeekr 001 FR, AITO M9, and Volvo EX90 reflect this trend and continue expanding LiDAR deployment across electric vehicle portfolios. For instance, in September 2025, Hesai Group (China) introduced the ETX automotive-grade ultra-long range LiDAR at IAA Mobility 2025 with behind-the-windshield integration capability designed for next-generation electric vehicle platforms and Level 3 driving applications. Supported by increasing intelligent feature penetration and continued growth of software-enabled EV platforms, BEVs are expected to remain the largest revenue-generating segment in the automotive LiDAR market.

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The 3D LiDAR segment is projected to lead the market during the forecast period.

The 3D LiDAR segment is expected to lead the automotive LiDAR market during the forecast period due to its ability to generate detailed spatial point cloud data required for advanced perception and intelligent driving functions. Compared with 2D LiDAR, 3D systems provide stronger object classification, depth measurement, free space detection, and environmental reconstruction, making them more suitable for production vehicles with advanced driving capabilities. Most automotive LiDAR programs are built on 3D sensing architectures as OEMs increasingly require higher perception quality for highway driving, urban navigation, and complex traffic environments. Leading products, including AT Series from Hesai Group (China), M Series from RoboSense (China), and Scala series from Valeo (France), are based on 3D LiDAR platforms. In April 2026, Hesai Group (China) introduced its 3D full color ETX LiDAR platform, combining spatial sensing and color recognition capability to improve object identification and environmental perception for intelligent driving systems. Commercial deployment is also expanding across production vehicle programs, with RoboSense reporting deployment across more than 45 vehicle models from eight global OEM groups, including BYD (China), Geely (China), and SAIC Motor (China), reflecting growing industry preference for high-resolution 3D perception. Supported by increasing demand for richer vehicle perception and stronger sensing accuracy, 3D LiDAR is expected to remain the dominant image architecture in the automotive LiDAR market.

North America is expected to grow significantly during the forecast period.

North America is expected to witness significant growth in the automotive LiDAR market during the forecast period due to increasing commercialization of intelligent driving systems, concentration of leading vehicle technology companies, and growing integration of LiDAR into production vehicle programs. The region benefits from a strong ecosystem of OEMs, compute platform providers, and LiDAR developers that are accelerating the deployment of advanced perception architectures. North America also remains a key center for advanced vehicle sensing development, supported by strong collaboration between OEMs, compute platform providers, and LiDAR companies to commercialize higher levels of driving automation. The region is witnessing increasing integration of perception hardware and centralized vehicle computing into premium vehicle programs, creating stronger demand for automotive LiDAR deployment. Companies such as Innoviz Technologies Ltd. (Israel), NVIDIA Corporation (US), and General Motors (US) continue expanding intelligent driving initiatives and vehicle sensing capabilities in the region. For instance, in January 2026, General Motors (US) announced plans to deploy hands-free driving capability across nearly 720,000 additional vehicles annually, increasing the need for advanced sensing technologies, including automotive LiDAR, in future vehicle platforms.

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Top Companies in Automotive LiDAR Market:

The Top Companies in Automotive LiDAR Market are Hesai Group (China), Huawei Technologies Co., Ltd. (China), RoboSense (China), Seyond (US), and Valeo (France).

Browse Adjacent Market: Automotive and Transportation Market Research Reports & Consulting

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AXA and BytePlus sign strategic MOU Pioneering AI-Driven Transformation across insurance value chain

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Partnership focuses on co-innovating industry-specific solutions, enhancing customer intelligence, and accelerating operational innovation

HONG KONG, Sept. 10, 2026 /PRNewswire/ — AXA Hong Kong and Macau (“AXA”) announced the signing of a Memorandum of Understanding (“MOU”) with BytePlus Pte. Ltd. (BytePlus), a leading enterprise-grade technology solutions provider. The partnership marks a major milestone in integrating BytePlus’s Artificial Intelligence (AI) and Large Language Models (LLM) solutions into AXA’s operations, accelerating digital transformation and responsible AI adoption across the insurance value chain.

The MOU outlines a co-innovation framework focused on three key areas:  

Insurance Innovation and Future Capabilities: AXA and BytePlus will combine their respective domain expertise to research, design, and co-innovate pioneering, insurance-specific AI models and applications, intelligent agents, and decision-intelligence solutions. The collaboration aims to explore future-oriented solutions to transform end-to-end operational workflows across the insurance value chain – spanning knowledge management, underwriting support, claims processing, and multi-channel distribution.Customer Intelligence for Personalised Engagement: AXA will leverage BytePlus’s advanced predictive data analytics, consumer persona modelling, and AI-driven decision support, to deepen customer insights to enhance end-to-end customer journey and experience.    AI-Powered Creativity and Marketing Enablement: AXA will harness BytePlus’s advanced multimodal capabilities and generative AI technology solutions to establish a dynamic “creativity hub”. This will transform content creation and optimise time-to-market efficiency, enabling highly interactive, personalised customer engagement at scale.

David Ng, Deputy Chief Executive Officer, AXA Hong Kong & Macau, said: “This partnership represents a major milestone for our AI roadmap. Access to BytePlus’s cutting-edge AI capabilities like consumer persona modelling and predictive analytics directly elevates how we understand, anticipate, and serve our customers’ needs across every touchpoint. Looking ahead, by exchanging our deep insurance knowledge with BytePlus’s technology expertise and talent, we aim to co-innovate specialised, insurance-specific AI models that drive industry-wide transformation and further strengthen AXA as a regional centre of excellence for trusted digital innovation. As we continue to scale AI across our enterprise, we maintain the highest standards of Responsible AI – ensuring strong governance and customer protection at every step of our innovation journey.”

Elsa Wang, General Manager, BytePlus Hong Kong & Macau, said: “Hong Kong is a vital international gateway for enterprise technology deployment. Partnering with AXA—a global leader with extensive insurance expertise and an expansive footprint—provides the ideal platform to co-innovate high-impact, industry-specific solutions. Insurance is one of the most dynamic sectors for AI adoption, and AXA’s forward-looking strategy makes them an exceptional partner. Together, we look forward to combining BytePlus’s advanced AI solutions with AXA’s deep knowledge to set new standards for AI innovation in the regional and global insurance market.”

About AXA Hong Kong and Macau 

AXA Hong Kong and Macau is a member of the AXA Group, a leading global insurer with presence in 52 markets and serving 92 million customers worldwide. Our purpose is to act for human progress by protecting what matters. 

As one of the most diversified insurers in Hong Kong, we offer integrated solutions across Life, Health and General Insurance. We are the largest General Insurance provider and a major Health and Employee Benefits provider. Our aim is to not only be the insurer to provide comprehensive protection to our customers, but also a holistic partner to the individuals, businesses and community we serve. At the core of our service commitment is continuous product & service innovation and customer experience enrichment, which is achieved through actively listening to our customers’ needs and leveraging and investing in technology and digital transformation. 

We embrace our responsibility to be a driving force against climate change and a force for good to create shared value for our community. Our overall Sustainability Strategy, with emphasis on nature protection, inclusive protection and social resilience, provides a foundation for integrating environmental, social and governance considerations across our business. We are proud to be the first insurer to address the importance of mental health through different products and services and thought leading iconic research. Committed to shaping a sustainable future, we contribute in diverse ways through three distinct roles – as an investor, an insurer and an exemplary company.

THIS PRESS RELEASE IS AVAILABLE ON AXA’S WEBSITE: AXA.COM.HK 

IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS

Certain statements contained herein may be forward-looking statements including, but not limited to, statements that are predictions of or indicate future events, trends, plans or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause AXA’s actual results to differ materially from those expressed or implied in the forward-looking statements. Please refer to Part 4 – “Risk factors and risk management” of AXA’s Universal Registration Document for the year ended December 31, 2019, for a description of certain important factors, risks and uncertainties that may affect AXA’s business, and/or results of operations. AXA undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise, except as part of applicable regulatory or legal obligations.

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SOURCE AXA Hong Kong and Macau

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TP Receives Frost & Sullivan’s 2026 Asia-Pacific Customer Experience Management Services Company of the Year Recognition for AI-Led Customer Experience Transformation

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TP is recognized for combining AI orchestration, operational excellence, regional scale, and customer-centric innovation to transform customer experience management services across the region.

SAN ANTONIO, Sept. 10, 2026 /PRNewswire/ — Frost & Sullivan is pleased to announce that TP has received the 2026 Asia-Pacific Customer Experience Management Services Company of the Year Recognition for its achievements in AI-led transformation, operational excellence, customer impact, and regional growth. The recognition highlights TP’s ability to evolve beyond traditional customer experience (CX) outsourcing by combining intelligent automation, human expertise, responsible AI, and outcome-focused delivery.

Frost & Sullivan evaluates companies through a rigorous benchmarking process across two core dimensions: visionary innovation and performance, and customer impact. TP excelled in both, demonstrating its ability to align its strategy with evolving enterprise demand while executing with scale, consistency, and market responsiveness.

“TP is helping shape the next phase of CX management by moving AI from experimentation into governed and measurable operations at scale. Its combination of AI orchestration, regional delivery depth, and operational discipline gives enterprises a practical path to transform CX while preserving the human judgment and empathy that remain essential,” said Krishna Baidya, Vice President, ICT Practice at Frost & Sullivan.

Guided by a strategy centered on AI orchestration, responsible innovation, regional expansion, and customer outcomes, TP has strengthened its position across the rapidly evolving Asia-Pacific CX management services landscape. TP.ai, the company’s AI framework, orchestrates the hybrid and agentic workforce, bringing together multiple technologies including chatbots, agent assist, analytics, knowledge management, workflow automation, with data services, industry-specific applications and global TP Experts. 

Innovation remains central to TP’s approach. Its pre-built modular capabilities, including TP.ai Connect, TP.ai Assist, TP.ai Growth, TP.ai Collect, and TP.ai Data Services, enable enterprises to integrate AI into customer care and back-office operations while supporting flexibility across technologies, models, and hyperscaler ecosystems. The approach helps clients improve CX including speed and accuracy of support, productivity, automation, compliance, and program agility and success. TP’s responsible AI approach also incorporates governance controls, configurable guardrails, safety thresholds, escalation protocols, and risk monitoring.

“AI is changing the economics of customer experience, but the technology itself was never the point. The opportunity is in how enterprises rewire workflows, decisions and operating models around AI, data and human expertise — that’s the shift we talk about as Opportunity AI, and it’s where the measurable value sits. At TP, that’s the work we’re doing with clients across Asia-Pacific every day. This recognition from Frost & Sullivan is a credit to our teams for turning that opportunity into real impact,” said David Rizzo, President and CEO – APAC at TP. 

Across the region, TP combines offshore, nearshore, onshore, hybrid, and work-from-home delivery models to address diverse language, regulatory, cultural, and cost requirements. Its regional footprint supports growth in Japan, South Korea, Australia, India, China, Singapore, and the Philippines, while its local leadership model enables closer engagement with enterprise customers and market-specific needs.

Frost & Sullivan commends TP for establishing a high standard in competitive strategy, execution, innovation, and market responsiveness. The ability to combine global scale with local execution, AI-enabled transformation, and measurable customer outcomes positions TP at the forefront of the evolving CX management services industry.

Each year, Frost & Sullivan presents the Company of the Year Recognition to an organization that demonstrates excellence in strategy development and implementation, resulting in measurable improvements in competitive positioning, customer impact, and market performance.

Frost & Sullivan Best Practices Recognition
Frost & Sullivan’s Best Practices Recognitions honor companies across regional and global markets that exhibit exceptional achievement and consistent excellence in areas such as leadership, technological innovation, customer experience, and strategic product development. Each recognition is the result of a rigorous analytical process in which Frost & Sullivan industry experts benchmark performance through comprehensive interviews, deep-dive analysis, and extensive secondary research. The goal is to identify true best-in-class organizations that are driving transformative growth and setting new industry standards.
Contact us: Start the discussion.

Contact:
Tarini Singh
E: Tarini.Singh@frost.com 

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SOURCE Frost & Sullivan

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SMiT unveils UWB-enabled CI+ 2.0 dongle and Presence-Aware TV platform at IBC2026

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Joint solution combines SMiT secure TV-access hardware, TrueSense UWB technology, The Hashgraph Group’s BrandBoost product and Sofia Digital’s TV application expertise.

AMSTERDAM, Sept. 10, 2026 /PRNewswire/ — SMiT, a global provider of secure TV-access hardware and solutions, will unveil its Presence-Aware TV platform anchored by a CI+ 2.0 USB dongle integrating Ultra-Wideband (UWB) technology at IBC2026, which will be held from September 11 for September 14. The solution is designed for Free-TV and Pay-TV operators and broadcasters seeking privacy-conscious audience awareness, richer viewer engagement and measurable advertising opportunities on the main screen.

The platform brings together SMiT’s secure and deployable TV-access hardware, the TrueSense UWB integration layer for precise identity association and precise relative positioning, The Hashgraph Group’s BrandBoost TV Awareness product, and Sofia Digital’s TV application and user-interface capabilities.

As viewing and advertising budgets increasingly move toward digital platforms, Pay-TV operators need a reliable and consent-based way to understand engagement at the shared television screen. SMiT’s proposition turns the television from a reach-only device into an interactive and measurable surface while keeping the operator at the center of the customer relationship.

How it works

The UWB-enabled CI+ 2.0 dongle connects directly to a compatible iDTV without requiring a separate set-top box. Using TrueSense UWB technology, the system can securely associate an opted-in registered viewer’s smartphone or tag with the television and determine the device’s proximity and relative position with high precision. This enables the TV, the operator application and cloud services to coordinate personalized and interactive experiences.

SMiT pairs its hardware with BrandBoost, The Hashgraph Group’s TV Awareness product. BrandBoost combines privacy-conscious viewer awareness, gamification, targeted engagement and reward workflows. Developed around the UWB layer, allowing the platform to link an authorized digital identity to the viewer’s precise proximity and position relative to the television.

Sofia Digital provides the TV application, operator user experience and integration capabilities required to bring these services to screen.

Demonstrated use cases include:

Live sports ‘Guess & Glory’: prediction and polling experiences with rewards for correct answers.Ad Trivia: interactive overlays during commercial breaks, with credits, vouchers or other operator-defined rewards.Presence-aware personalization: content, menus and offers adapted to an opted-in registered viewer.Location-based authentication: an additional proximity signal supporting account security and password-sharing controls.

Where required by the operator, engagement and reward events can be recorded using Hedera DLT, supporting transparent campaign measurement and tokenized reward models. The combined platform is designed to help operators progress from broad audience estimates toward permission-based, outcome-oriented engagement and advertising metrics.

Live at IBC2026

Visitors to SMiT Stand 2.C36 will be able to experience a live demonstration in which an enabled smartphone approaching the television is associated with the TV session through UWB. The demonstration will show the combined hardware, viewer onboarding, TV interaction, gamification and operator cloud-management experience.

The architecture is extensible to personalized operator interfaces, live sports interaction, targeted advertising, loyalty programs and other presence-aware services. SMiT positions the dongle as a practical add-on for existing Pay-TV operators and conditional-access providers, supporting new services without requiring a complete replacement of the installed TV platform.

More information: www.smit.com.cn/engr/

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