More Than 69 Million Automotive LiDAR Sensors Will Ship in 2026

London, United Kingdom --- Critical autonomous driving functions, including obstacle detection and simultaneous localization and mapping (SLAM), will drive the automotive industry’s adoption of LiDAR sensors. ABI Research forecasts more than 69 million automotive LiDAR sensors will ship in 2026, fueled by declining hardware costs and the need to equip vehicles with multiple sensors to ensure 360-degree coverage.

CES 2017 saw a number of presentations from LiDAR developers demonstrating low-cost solid state solutions for mainstream deployment, such as Innoviz Technologies and LeddarTech, the latter of which announced a partnership with Tier One automotive manufacturer Valeo last year. Furthermore, current market leader Velodyne received a joint investment from Ford and Baidu totaling $150 million in 2016 and recently announced its intention to develop a sub $50 solid state system for widespread implementation.

These findings are from ABI Research’s Advanced Driver Assistance Systems (ADAS) report. Check it out at https://www.abiresearch.com/market-research/product/1025161-advanced-driver-assistance-systems-adas
 

Suggested Articles

One forecast from Cameron Chell: the best AI designers of the future won’t come from top universities


Survey of 30 chipmakers offers a good sign for research and development of self-driving vehicles, analyst says

Research dollars for AV are expected to remain, if slowed, especially for companies that see self-driving as a key to their success