According to Yole Developpement, a French market research consultancy, the annual revenue of the laser radar market will increase from $726 million in 2017 to $5 billion in 2023, with a compound annual growth rate (CAGR) of 43%.
Because Lidar is closely related to ADAS, it is expected that the market will continue to grow until 2032, and only the automotive segment laser pointer market revenue will reach 28 billion US dollars. The robotics and drone market is also a core area of Lidar deployment applications. Yole analyst Alexis Debray declared in the statement: “In the past two years, the company has received more than $800 million in investment.”
The expected revenue of the laser radar market in 2023 will reach 5 billion US dollars. The compound annual growth rate is 43%.
Blackmore Sensors and Analytics Inc. was founded in 2015. The company received $3.5 million in Series A financing to develop its frequency modulated continuous wave (FMCW) FM laser. The radar engine, the company recently raised another $18 million from BMA and Toyota. Quanergy Systems raised $180 million in 2017 and was founded in 2012.
At present, the laser pointer technology is diversified. Most of the products use mechanical high-intensity laser scanning technology. The wavelength of this type of laser is 830nm to 940nm, but mechanical scanning equipment is being used by microelectromechanical systems (MEMS) scanning equipment. Replace. To this end, Quanergy proposes to use solid-state laser radar, deploy optical phased-array technology, or develop new technologies for the future.
The expected revenue of the laser radar market in 2023 will reach 5 billion US dollars. The compound annual growth rate is 43%.
Many companies are also investigating laser beam technology at a wavelength of 1550 nm, when a higher power laser can be used because the laser’s maximum allowable dose (allowable dose) is nearly 100 times higher. It is worth mentioning that Blackmore, Neptec, Aeye and Luminar are developing the technology.