Velodyne

“The market for LiDAR in automotive and industrial applications is expected to reach US$5.7 billion (€4.80 billion) in 2026, showing a significant 21% CAGR between 2020 and 2026,” asserts Alexis Debray, PhD., senior technology & market analyst, photonic, sensing & semiconductor at Yole Developpement.

Outsight, the specialist of 3D Spatial Intelligence solutions, announced the launch of a game-changing product, the Augmented LiDAR Box (ALB). It’s the real-time LiDAR Software Engine that allows application developers and integrators to seamlessly use LiDAR data from any hardware supplier.

Velodyne and Ansys are developing software models of next-generation automotive lidar sensors to provide substantially improved hazard identification capabilities for highly advanced AVs.

The current generation of automated functions — automatic emergency braking, adaptive cruise control and lane keep assistance — rely largely on cameras, radars and ultrasonic sensors.