According to reports, French market research consultancy Yole Developpement revealed that the annual revenue of the laser radar market will increase from 726 million US dollars in 2017 to 5 billion US dollars in 2023, with a compound annual growth rate (CAGR) of 43%.
Since the laser pointer radar is closely related to ADAS, the market is expected to continue to grow until 2032, and the revenue of the automotive segment alone will reach $28 billion. 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."
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, Lidar technology is diversified. Most 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.
Many companies are also investigating laser pointer beam technology at 1550 nm, when higher power lasers 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.