Autonomous Trucks
Exploring the Rise of LiDAR in the Automotive Industry: A Detailed Business AnalysisThe emergence of Light Detection and Ranging (LiDAR) technology in the automotive industry has been nothing short of revolutionary. However, the rise of LiDAR in the automotive industry is not without its challenges. One of the main hurdles is the high cost of LiDAR systems, which can add significantly to the price of a vehicle. This requires powerful computing hardware and sophisticated software algorithms, both of which add to the complexity and cost of implementing LiDAR technology. In conclusion, the rise of LiDAR in the automotive industry represents a significant business opportunity.