As the race toward deployment of self-driving vehicles picks up momentum and the levels of autonomous driving increase, original equipment manufacturers (OEMs) are demanding better sensors that can harmonize and achieve surround vision, giving an autonomous vehicle full visibility of its environment.
Numerous sensors are already available and in use by OEMs that provide advanced driver assistance system (ADAS) features and a certain level of driving autonomy.
Even though most OEMs are at present staying away from light detection and ranging (LiDAR) solutions for various reasons,
Frost & Sullivan concludes that they will shift to include LiDAR features in their sensor suites for autonomous driving level 3 (L3) and above.
LiDAR solutions are known for their ability to view and perceive surrounding objects in all weather and light conditions.
LiDAR systems cover various parameters, depending on the technology used:
· Key factors for success in the LiDAR segment include range, accuracy, resolution, data, and power consumption.
· New LiDAR developers are coming up with different solutions and changing the dynamics of the LiDAR value chain, leading to its
compression and collaborations between Tier I suppliers (Tier Is) and OEMs.
· New technologies such as optical phased array (OPA) and frequency modulated continuous wave (FMCW) are creating disruptions
by forcing OEMs and Tier Is to move away from traditional micro-electro-mechanical systems (MEMS) technology.
· As LiDAR technology progresses, economies of scale and lower cost sensors are possible. The initial company to do so will gain
first-mover advantage and likely penetrate the mass market with low-cost LiDAR solutions.
Frost & Sullivan independently plotted the top 7 companies in this Frost Radar™ analysis. The Radar™ reveals the market positioning of each company using its Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each company based on its strengths, opportunities, and market positioning. We discuss strategic market imperatives and the competitive environment that vendors operate in as well as make recommendations for each provider to spur growth.
Author: Thirumalai Narasimhan

Strategic Imperative
Growth Environment
Frost Radar™: Automotive LiDAR
Frost Radar™: Competitive Environment
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Innoviz
Luminar
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Valeo
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Significance of Being on the Frost Radar™
Frost Radar™ Empowers the CEO’s Growth Team
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Frost Radar™: Benchmarking Future Growth Potential
Frost Radar™: Benchmarking Future Growth Potential
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Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Growth Index
Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.
- Market Share (previous 3 years)
This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years. - Revenue Growth (previous 3 years)
This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™. - Growth Pipeline
This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities. - Vision and Strategy
This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision? - Sales and Marketing
This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.
Innovation Index
Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.
- INNOVATION SCALABILITY
This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals. - RESEARCH AND DEVELOPMENT
This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline. - PRODUCT PORTFOLIO
This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue. - MEGATRENDS LEVERAGE
This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline. - CUSTOMER ALIGNMENT
This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.
Significance of Being on the Frost Radar™
Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.
- GROWTH POTENTIAL
Your organization has significant future growth potential, which makes it a Company to Action. - BEST PRACTICES
Your organization is well positioned to shape Growth Pipeline™ best practices in your industry. - COMPETITIVE INTENSITY
Your organization is one of the key drivers of competitive intensity in the growth environment. - CUSTOMER VALUE
Your organization has demonstrated the ability to significantly enhance its customer value proposition. - PARTNER POTENTIAL
Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.
Speak directly with our analytics experts for tailored recommendations.
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Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
| Deliverable Type | Frost Radar |
|---|---|
| Author | Thirumalai Narasimhan |
| GPS Codes | 9800-A6,9B13-A6 |
| Industries | Automotive |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Automotive Sensors Market |
| Keyword 2 | Automotive Adhesives Market |
| Keyword 3 | Global Automotive Industry Forecast 2025 |
| Podcast | No |
| WIP Number | PC9C-01-00-00-00 |
Frost Radar™: Global Automotive LiDAR, 2021
A Benchmarking System to Spark Companies to Action - Innovation that Fuels New Deal Flow and Growth Pipelines
21-Jan-2022
Global
Frost Radar
