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