The semiconductor laser market is expected to grow at a CAGR of 9% from 2023 to 2029, expanding from $3.1 billion to over $5 billion. Growth is driven by the expansion of laser applications, shifts towards energy efficiency, compact size, and precision, and integration with multiple technology platforms. The telecom and infrastructure segment is the largest market, while the consumer market is expected to grow at a 1% CAGR to reach $1.75 billion in 2029. Moderate growth in the consumer segment is due to the decline in optical sensing applications, while significant expansion in the automotive segment is anticipated, especially in China.

1. The global LiDAR market for automotive is projected to grow from $538 million in 2023 to $3,632 million in 2029. 2. This growth is expected at a Compound Annual Growth Rate (CAGR) of 38% from 2023 to 2029. 3. The forecast is provided by Yole Group.

1. The automotive processor market reached $20 billion in 2023, with $7.8 billion from APUs and FPGAs, and $12.2 billion from MCUs, according to Yole Group. 2. ADAS and active safety applications are expected to grow robustly, while infotainment and telematics are projected to grow at a CAGR of 8% to $5.9 billion by 2029. 3. Central computing within vehicles is set to surge with a 36% CAGR from 2023 to 2029, driven by the integration of ADAS domain controllers.