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AV Lidar Hype Cycle is Ending

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At every turn, in the newly constructed West Hall at the Las Vegas Convention Center, and even amid the crowded startup grinder at Eureka Park, was a company pitching lidar sensor technology, but the AV lidar hype cycle may be coming to an end

From an article in Tech Crunch by Kirsten Korosec.

That might not have been so remarkable in 2017 or 2018. But it’s 2023.

The peak of the hype cycle, when hundreds of millions of dollars were thrown into lidar startups, is a distant glint in the rearview mirror. The industry went through the business model pivot phase and rode the special purpose acquisition mergers wave in a pursuit of capital that public markets can provide.

How could so many of these lidar sensor companies — nearly two dozen by my count — still be hanging on (and spending considerable money to exhibit at CES) after a boom-and-bust cycle that led to a widespread culling?

Lidar, the light detection and ranging radar that measures distance using laser light to generate a highly accurate 3D map of the world, is considered a critical sensor to support autonomous vehicles and increasingly advanced driver assistance systems. As the optimism and gravitas surrounding autonomous vehicles reached new, dizzying heights, lidar was swept up in investment chaos.

Between 65 to 70 companies with active lidar programs existed in 2018, according to industry estimates. As the timelines around the deployment of autonomous vehicles slipped, consolidation seemed inevitable. And it was. Dozens of lidar companies have folded or been swallowed up by another competitor in the past four years.

For the complete article on the AV Lidar Hype Cycle CLICK HERE.

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