Evolving Automotive Lidar Technologies and Business Landscape
With the innovation of lidar beam steering technologies, continuous lidar cost reduction, as well as the progress of Advanced Driving Assistance System (ADAS) and Autonomous vehicles (AV), lidars are embracing their potential US$8.4 billion-dollar market by 2033, enabled by automotive applications, which can be further widely expanded to other areas such as robotics, industrial, smart city, and mapping.