The market for lidar laser vision sensors for Advanced Driver Assistance Systems and autonomous vehicles is exploding, as carmakers embrace this emerging technology. According to Allied Market Research, the market for these devices will balloon from $700.2 million in 2019 to $2.90 billion by 2027.
Lidar's technical advantages over radar are a key factor in its growth. "LiDAR can capture the object’s position as well as surface information with higher accuracy," notes Allied Market Research. "In addition, it can obtain the 3D topographic information of object surface with high level of accuracy."
We've spotten ten companies that look locked in to make an impact on the lidar market, so click through our gallery to get a look. Did we miss a worthy candidate? Let us know so we can take a look at them.