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Lidar Supplier Shakeout is Inevitable – Who Survives?

point cloud of Which Lidar Supplier Will Survive?
Which Lidar Supplier Will Survive?

In the laser light-bouncing technology space awash with struggling startups, a lidar supplier selling to more than autonomous vehicle makers is a popular growth strategy to survive a coming industry shakeout.

From an article in FreightWaves by Alan Adler.

Only one of six startups that began public life via special purpose acquisition company sponsorship in the last year is trading above the typical SPAC offering price of $10 a share. A seventh SPAC merger awaits shareholder approval and is trading close to the $10 mark.

The industry that makes light-detecting and radar sensors that work with cameras and radar for vision near and far in autonomous cars and trucks will soon enough reveal its winners and losers.

“We’re on the verge of that as we start to get some actual production contracts happening,” Sam Abuelsamid, principal analyst at Guidehouse, told FreightWaves.”I think we’ll see a bunch of them either get acquired or go out of business.”

Lidar is similar to radar, but it offers higher-resolution images because the wavelength of light is about 100,000 times smaller than radar wavelengths. A lidar system transmits a beam of infrared light and measures the returning signal when the light reflects off an object.

Lidar is a critical component in autonomous vehicles, but measuring lidar companies and their prospects for success is difficult.

For example, startup Aeye has one nonexclusive AV partnership for 2024 and a nonexclusive licensing deal with Tier One German automotive supplier Continental. Aeye (NASDAQ: LIDR) also has a relationship with German supplier Hella, an early investor. Yet it has the lowest share price of the group.

Others are spreading their bets by seeking customers beyond the AV space. One targeting multiple verticals is San Francisco-based Ouster Inc., which supplies autonomous trucking startup Plus with close-range lidars for its PlusDrive software. It also is working with Torc Robotics, the Daimler Trucks subsidiary that is creating a driverless Freightliner Cascadia.

For the complete article on which lidar supplier will survive CLICK HERE.

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