Frost and Sullivan has created a 31-page white paper entitled, “LiDAR: Driving the Future of Autonomous Navigation – Analysis of LiDAR Technology for Advanced Safety.” It recaps the technology’s history, assesses its current status and forecasts its short-term prospects.
The report addresses how light detection and ranging (LiDAR) technology will affect Advanced Driver Assistance Systems and advances the concept of “autonomous driving intelligence.” Examining the roadmap for LiDAR sensor technology, Frost & Sullivan suggests LiDAR stands to capture a large market share of automotive sensor technology: “LiDAR is poised to penetrate the market in 2016 as the lead technology in automotive safety and autonomous systems… and substantially increase vehicle safety across the industry.”
“It is the LiDAR industry’s responsibility to educate automakers on the potential of autonomous intelligence for ADAS and vehicle safety,” Frost & Sullivan advises. “The goal of LiDAR industry should be to educate the public and decision makers about the technology and its benefits. With education, the conversation will be more about how the technology will provide radically enhanced safety for vehicle travel. There is an important role for Solid-State Hybrid LiDAR in the near future for automotive and autonomous driving. Semiconductor hybrid LiDAR is now miniaturized to the size of a hockey puck and its price has dropped substantially (approximately by 90 percent) since first on the market. The cost will dramatically drop again in 2016 as it heads into mass production. Previous barriers to the market of size and cost have been eliminated.”