Ford (NYSE: F) was up over 140% in 2021, Why? The short answer is: It’s an EV and AV stock.
There is time for everything in our galaxy. And this time, on this planet, is the time for the autonomous vehicle technology market to pop like a pop rocket.
LiDAR technology, an acronym for “light detection and ranging”, is increasingly being adopted in the development of autonomous vehicles and this increasing adoption has turned the LiDAR market into a very hot market at the moment. The technology uses laser pulses to build a 3D model of the environment around the autonomous vehicle, helps it navigate smoothly and avoid collisions by detecting different kinds of physical obstructions ahead.
According to marketsandmarkets, “The LiDAR market is projected to reach USD 2.8 billion by 2025 from an estimated USD 1.1 billion in 2020, at a CAGR of 20.7% from 2020 to 2025”.
The relatively high and promising growth rate of the LiDAR market is also supported by its adoption in other areas of application beyond its use in autonomous vehicles. The technology is being adopted in geographical information systems, commercial drones, and engineering and construction applications among numerous others.
If you’re interested in investing in autonomous vehicle growth stocks, here are 8 LiDAR technology stocks for 2022:
1. Veoneer Inc (NYSE: VNE)
Veoneer, Inc. engages in the design, development, manufacture, and sale of automotive safety electronics. It operates in two segments, Electronics and Brake Systems.
It offers automotive radars, mono-and stereo-vision cameras, night driving assist systems, positioning systems, advanced driver assist systems (ADAS), electronic control units, airbag control units and crash sensors, brake control systems, and ADAS software for highly automated driving (HAD) and autonomous driving (AD).
The company also provides driver monitoring systems, LiDAR sensors, RoadScape positioning, and other technologies critical for HAD and AD solutions.
Veoneer, Inc. was incorporated in 2017 and is headquartered in Stockholm, Sweden.
2. Luminar Technologies Inc (NASDAQ: LAZR)
Luminar Technologies, Inc. operates as a vehicle sensor and software company for passenger vehicles and trucks.
The company operates in two segments, Autonomy Solutions and Other Component Sales.
- The Autonomy Solutions segment designs, manufactures, and sells lidar sensors, and related perception and autonomy software solutions for original equipment manufacturers in the automobile, commercial vehicle, robo-taxi, and other related industries.
- The Other Component Sales segment engages in the designing, testing, and consulting of non-standard integrated circuits for government agencies and defense contractors.
The company was founded in 2012 and is headquartered in Orlando, Florida.
3. Velodyne Lidar Inc (NASDAQ: VLDR)
Velodyne Lidar, Inc. develops and produces lidar sensors for use in industrial, 3D mapping, drones, and auto applications in North America, the Asia Pacific, Europe, the Middle East, and Africa.
The company offers surround-view hybrid solid state, directional solid state, and dome lidars; and Vella, an advanced driver assistance systems (ADAS) software solution built around lidar.
Its products are used in various applications, including autonomous vehicles, ADAS, UAVs, mapping, industrial automation, self-driving rovers, autonomous vessels, smart city initiatives, and robotics.
Velodyne Lidar, Inc. was founded in 2018 and is headquartered in San Jose, California.
4. Microvision, Inc. (NASDAQ: MVIS)
MicroVision, Inc. develops scanning technology to create a high-resolution miniature projection and three-dimensional sensing and image capture solutions under the PicoP brand name in the United States.
Its PicoP scanning technology is based on micro-electrical mechanical systems, laser diodes, opto-mechanics, and electronics.
The company’s products are used in interactive and non-interactive projected displays; 3D perceptive light detection and ranging (LiDAR) sensing for consumer electronics; augmented/mixed reality; and 3D Perceptive LiDAR sensing for automotive active collision avoidance systems.
It sells its products primarily to original equipment manufacturers and original design manufacturers.
MicroVision, Inc. was founded in 1993 and is headquartered in Redmond, Washington.
5. Valeo SA – ADR (OTCMKTS: VLEEY)
Valeo SA designs, produces, and sells components, integrated systems, modules, and services for the automotive sector in France, North America, South America, Asia, Africa, and other European countries.
The company operates through four segments: Comfort & Driving Assistance Systems, Powertrain Systems, Thermal Systems, and Visibility Systems.
It offers parking and driving assistance products, such as ultrasonic sensors, radars, and cameras to detect obstacles around vehicles; intuitive control products; and a range of connectivity solutions from short-range to long-range connectivity, as well as develops systems that enable the integration of applications, such as car sharing services and remote parking systems.
The company also provides powertrain systems, including electric powertrain systems for electric cars; products, such as torque converters, dual dry and wet clutches, and hydraulic actuators that enable the automation of transmissions to reduce fuel consumption and enhance driving comfort; and clean engines for vehicles.
In addition, it designs and manufactures systems, modules, and components to optimize thermal management of vehicles and passenger comfort in the cabin, including heating ventilation and air conditioning systems.
Further, the company designs and produces lighting and wiper systems for drivers in all weather conditions.
In addition, it offers original equipment spares to auto manufacturers; and replacement parts and accessories to independent aftermarket for passenger cars and commercial vehicles.
Valeo SA was founded in 1923 and is headquartered in Paris, France.
6. Aeva Technologies (NYSE: AEVA)
Aeva Technologies, Inc., through its frequency modulated continuous wave (FMCW) sensing technology, designs a 4D LiDAR-on-chip that enables the adoption of LiDAR across various applications.
The company is based in Mountain View, California.
7. Ouster, Inc. (NYSE: OUST)
Ouster, Inc. designs and manufactures digital lidar sensors for industrial automation, smart infrastructure, robotics, and automotive markets.
Its product portfolio includes OS0, and ultra-wide view digital lidar; OS1, a mid-range digital lidar; OS2, a long-range digital lidar; and ES2 digital lidar.
The company is based in San Francisco, California.
8. Innoviz Technologies (INVZ)
Innoviz Technologies Ltd. designs and manufactures solid state LiDAR sensors and develops perception software that enable the mass-production of autonomous vehicles.
The company manufactures InnovizOne, a solid-state LiDAR sensor designed for automakers and robotaxi, shuttle, trucking, and delivery companies requiring an automotive-grade and mass-producible solution to achieve autonomy.
Its automotive-grade sensor is integrable into Level 3 through 5 autonomous vehicles for the safety of passengers and pedestrians.
The company also provides InnovizTwo, an automotive-grade LiDAR sensor that offers a solution for all levels of autonomous driving.
Its products can be used in various industries, including robotaxis, shuttles, delivery vehicles, buses, trucking, drones, and robotics, as well as construction, agriculture, smart city, security, mining, maritime, and mapping.
Innoviz Technologies Ltd. was incorporated in 2016 and is headquartered in Rosh HaAyin, Israel.
I’m a Technology Stock Analyst, with focus on companies developing cutting-edge techs. Keeping track of cutting-edge techs, companies and stocks is what I do almost everyday. And I love it. Whether it’s artificial intelligence, 5g, or autonomous vehicles; I’m all in.