Many first-tier international automotive components makers have been keen on collaborating with LiDAR developers trying to increase economies of scale for LiDAR devices, but high unit prices and slow revisions of laws governing autonomous driving remain major obstacles
Vinay's key takeaways:
- Auto OEMs, General Motors, Ford, Hyundai and Volkswagen are looking to introduce level 4-5 autonomous robotaxis with LiDAR devices in 2020-2022. Honda, Lexus, BMW and Volvo too are considering LiDAR for their level 3 autonomous vehicles (AVs)
- While these plans could indicate that LiDAR is being considered a standard spec for level 3 and above AVs, the challenge of LiDAR’s high costs and lack of development of AV regulations around the world remain hurdles. It’s estimated that LiDAR devices need to be under US$200 per unit to achieve mass volumes.
- Recently, AV companies in the US and China that use LiDAR gained significant public awareness and acceptance during the COVID epidemic, providing ride-hailing and grocery delivery services that minimize human contact.
- With leading OEMs now focused on LiDAR-based autonomous strategies, there will likely be technical and economies of scale breakthroughs that will accelerate development.
- With the COVID crisis having put tremendous financial pressures, strategic collaboration, and alliances between these automakers could also help in sharing investments and reducing costs further.