LG Innotek and Aeva Forge Strategic Alliance to Lead Next-Gen LiDAR Market

LG Innotek has teamed up with Aeva, an American company specializing in LiDAR (Light Detection And Ranging) technology, to preempt the LiDAR market.

LG Innotek announced on July 29, 2025, the signing of a strategic partnership outlining the strategic supply and joint development of next-generation LiDAR technology. 

Aeva developed the world's first 4D LiDAR based on the frequency modulated continuous wave (FMCW) technology, which offers advanced long-range object-sensing capabilities. A leader in LiDAR technology, Aeva has gained prominence in the autonomous driving market. It has been producing 4D LiDAR since 2022 and currently counts major automakers such as Daimler Truck among its customers.

LG Innotek's partnership with Aeva, which will result in a strategic collaboration and LiDAR supply agreement, will put the company's LiDAR business on track and give it a competitive edge in taking the lead of the blossoming LiDAR market.

According to the industry, global LiDAR market is expected to grow from USD 2.4 billion in 2024 to USD 15.4 billion, at least at an average annual growth rate of 36% through 2030.