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News, Analysis & Perspective on Autonomous Vehicles

Automotive LiDAR – Still alive & kicking

Heading into 2023, LiDAR (Light Detection and Ranging – a 3D imaging technology) appeared to be struggling, given the delays in launching profitable autonomous vehicles and the ~80-90% drop in valuations of SPAC-funded (Special Purpose Acquisition Company) LiDAR companies. LiDAR pioneers were facing severe business hurdles. Some declared bankruptcy (Quanergy, Ibeo), shut down operations (’s LiDAR and AV unit) or announced a merger with a competitor (Velodyne with Ouster). More consolidation is undoubtedly on the horizon since the market opportunities cannot support the number of LiDAR companies that sprouted during the 2015-2020 timeframe (> 70).–kicking/?sh=45ba6309aa30

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