the market for automated-driving technology will be worth $57 billion in 2030 and $173 billion in 2040.
The second is that lidar makers have made technological advancements and cost reductions in recent years. High prices were once a major barrier to the wide adoption of lidar, but a number of companies have said they've cut the cost of each unit to around"There has been tremendous progress in lidar technology," said Sven Beiker, the managing director of the mobility-tech consulting firm Silicon Valley Mobility.But, like any other investment, lidar startups aren't a sure thing.
Ratliff disagrees with Vogt's analysis, noting that lidar companies have plenty of potential applications outside of the automotive industry. The sensors can guide robots in warehouses, keep track of trucks in freight yards, improve phone cameras, and help medical devices measure biometric information, experts and companies have said.
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