In 2021, Ouster became one of the teams tapped for developing smart infrastructure projects, which could help increase its total addressable market (TAM) to $2.8 billion by 2025 for this vertical alone. The robotics market, for example, could achieve a compound annual growth rate (CAGR) of 10% and earn $70 billion by 2028, according to Statista. The diversification of its markets can potentially work to its advantage. This San Francisco-based company produces scalable high-resolution digital LiDAR sensors for various applications that range from automotive markets to smart infrastructure and robotics. While its ticker symbol sounds ominous, Ouster LiDAR stocks could have a bright future ahead, especially within the next few years. Its robust partnership with long-established global brands focus on fully autonomous vehicles, and stable finances make Luminar a possible top contender for LiDAR stocks. The company’s financial position is also healthy, with Luminary anticipating that it could capture a 4% market share for commercial and consumer vehicles by 2030. However, Luminar likes to set its sights high by developing sensors for Airbus, which also has plans to test new tech to enhance customer comfort and retain its industry leadership. The company aims to make autonomous driving more mainstream by allowing its partners to scale the production of these vehicles.Īutonomous driving innovations could bolster the growth of this LiDAR company, as the market size for autonomous cars could expand in 2025. Luminar Technologies is one of the leading LiDAR companies that produce chips from scratch for some of the largest automakers, such as Mercedes-Benz. Top LiDAR Stocks Luminar Technologies (NASDAQ: LAZR) Check out our list of LiDAR stocks to kick-start your research.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |