Lidar Market Report

Market Restraints

While the lidar market is flourishing, it also faces several restraints that could impact growth. One of the most significant challenges is the high cost associated with lidar systems. The advanced technology and precision required in manufacturing lidar sensors contribute to their elevated prices, which may deter small and medium enterprises from adopting this technology, thereby restricting overall market expansion.

Another restraint pertains to the complexity of processing the data collected by lidar systems. The extensive datasets generated necessitate sophisticated software and skilled personnel to analyze and interpret the information effectively. This requirement for specialized knowledge can be a barrier to market penetration, especially for organizations lacking the necessary expertise and resources.

Moreover, the lidar technology is susceptible to environmental factors which can affect its performance and reliability. Conditions such as heavy rain, fog, or snow can hinder the operational efficiency of lidar systems, presenting a challenge for industries that rely on precise environmental mapping. This vulnerability may prompt organizations to hesitate in fully integrating lidar technology into their operations.

Additionally, competition from alternative sensor technologies, such as radar and camera-based systems, poses a threat to the lidar market. These alternatives are often less expensive and can be simpler to implement. As other sensor technologies continue to develop and improve in performance, they may increasingly attract users away from lidar solutions.

Lastly, regulatory hurdles and compliance issues can impede market growth. As applications of lidar technology expand into new sectors, navigating the varying regulations surrounding data privacy, safety standards, and environmental considerations becomes a complex factor for companies in the market. This regulatory environment can stifle innovation and slow down the adoption of lidar technologies.

Market Opportunities

The lidar market holds significant opportunities for growth, particularly due to the rising trend of smart city initiatives across the globe. As urban areas evolve with enhanced infrastructure and technology, there is an increasing need for accurate mapping and monitoring solutions. Lidar can facilitate the development of smart cities by providing critical data for urban planning, traffic management, and resource allocation, creating numerous opportunities for market players.

Furthermore, the expansion of the autonomous vehicle sector presents unparalleled opportunities for lidar technology. With increased investments in research and development, lidar companies can collaborate with automotive manufacturers to create advanced navigation systems that enhance the safety and functionality of self-driving cars. As this sector continues to grow, the integration of lidar will become more prevalent, driving demand further.

Another area of opportunity lies in the agricultural sector, where lidar technology can transform farming practices through precision agriculture. By utilizing lidar for crop mapping and monitoring, farmers can optimize resource usage and improve yield management. This emerging trend signifies a growing market for lidar applications in agriculture, providing new revenue streams for companies in the sector.

Moreover, the ongoing advancements in drone technology create additional opportunities for lidar applications. Drones equipped with lidar sensors offer a cost-effective solution for capturing high-resolution aerial data across a variety of fields, including forestry, construction, and rescue operations. As drone usage continues to expand, so too will the integration of lidar systems, resulting in significant growth potential.

Lastly, as environmental awareness increases, there is a rising demand for lidar in environmental monitoring and conservation efforts. Lidar technology enables detailed analysis of ecosystems, assisting in areas such as habitat mapping, disaster response, and climate research. Companies that pivot towards these applications may find themselves at the forefront of innovation, capitalizing on the growing focus on sustainability and environmental health.

Market Challenges

Despite the opportunities present in the lidar market, several challenges must be addressed for sustained growth. One of the primary challenges is the rapid pace of technological advancements, which places pressure on lidar manufacturers to continuously innovate to stay competitive. Keeping up with evolving technology can strain resources, especially for smaller firms lacking extensive research capabilities.

Moreover, the issue of data privacy and security becomes increasingly crucial as lidar technology expands into various applications. With the capability to collect detailed spatial data, companies must ensure compliance with data protection regulations, which can vary significantly across regions. Navigating these regulations can be complex and taxing, posing a challenge to market entry and expansion.

Additionally, the market suffers from a scarcity of skilled professionals adept at handling lidar technology. As demand for expertise increases, the limited talent pool can hinder growth and innovation within the industry. Companies may face difficulties in recruiting personnel with the necessary skills, thereby affecting product development and operational capabilities.

Furthermore, the lidar market's reliance on supporting technologies, such as software for data processing and management, presents risks. Any disruptions in the supply chains or developments in related technologies could impede lidar's efficiency and functionality. Companies must strategically manage their operations to mitigate such risks and ensure the seamless integration of lidar into their applications.

Lastly, market volatility and uncertainties in the broader economic environment can pose challenges for investment and resource allocation in lidar technology. Economic downturns or shifts in industry trends may lead to reduced budgets for technological advancements, potentially impacting the adoption rates of lidar solutions. Companies must adapt to these changing conditions to maintain a competitive edge in the evolving landscape.

Emerging Applications of Lidar

As Lidar technology continues to develop, its applications are proliferating across diverse industries. One prominent application is in autonomous driving, where Lidar serves as a critical sensor for environment perception. By providing a three-dimensional view of the surroundings, Lidar enhances the vehicle's ability to detect obstacles, navigate routes, and understand the spatial relationship of objects on the road.

In the field of agriculture, Lidar is gaining traction for precision farming. Farmers utilize Lidar data to assess crop health, monitor growth patterns, and optimize resource use. By deploying drones equipped with Lidar sensors, agricultural practitioners can generate detailed topographic maps, allowing for more strategic planning and improved yields.

Urban planning and infrastructure development are also benefiting from the capabilities of Lidar technology. City planners can leverage Lidar data to obtain accurate three-dimensional models of urban environments, facilitating better decision-making regarding land use, transportation, and resource allocation. This technology aids in the sustainable development of cities, ensuring that urban infrastructure meets the needs of growing populations.

Additionally, Lidar technology is becoming essential in environmental monitoring and conservation efforts. Organizations are using Lidar to analyze forest canopies, assess biodiversity, and monitor coastal environments. By capturing detailed topographical data, Lidar enables scientists and researchers to develop effective conservation strategies and mitigate the impacts of climate change.

Lastly, the construction industry is increasingly integrating Lidar into project management. By utilizing Lidar for site surveying and progress monitoring, construction firms can enhance accuracy and reduce costs associated with rework. This application showcases the versatility of Lidar and its potential to improve efficiency in complex projects.

Lidar Integration Across Industries

The integration of Lidar technology across various industries signifies a transformative shift in how organizations operate. Enhancing process efficiency and accuracy, Lidar has found its place in sectors such as transportation, agriculture, architecture, and environmental science. The seamless partnership between Lidar systems and established processes is set to redefine operational standards.

In the transportation sector, Lidar integration is evident through its application in traffic management systems and intelligent transportation networks. By capturing real-time data on traffic conditions and vehicle behavior, Lidar enhances the capability of smart infrastructure to respond to fluctuations in traffic, reducing congestion and improving road safety. This integration paves the way for smarter cities that leverage data for more effective urban planning.

In agriculture, Lidar's role extends beyond simple data collection. It integrates with precision agriculture systems, enabling farmers to utilize Lidar insights alongside other sensor data and algorithms to create comprehensive models for crop management. This collaborative approach enhances productivity while minimizing resource expenditure, demonstrating how inter-industry collaboration can lead to more sustainable practices.

The architecture and construction industries are also experiencing a shift thanks to the integration of Lidar with Building Information Modeling (BIM). By combining Lidar data with BIM, architects and engineers can improve the accuracy of their designs and carry out precise renovations. This synergy reduces the likelihood of errors, delays, and cost overruns, ultimately leading to more successful project outcomes.

Similarly, in the realm of environmental science, combining Lidar data with Geographic Information Systems (GIS) provides powerful tools for ecological management. This integration allows scientists to visualize changes in land use and monitor environmental parameters effectively. As organizations prioritize sustainability, the collaborative use of Lidar and GIS will undoubtedly become more prevalent.

Overall, the integration of Lidar across various industries represents a convergence of technologies aimed at enhancing operational efficiency, reducing costs, and improving decision-making processes. As these industries continue to evolve, Lidar's role is likely to expand even further, impacting everything from environmental monitoring to smart city development.

Impact of Regulatory Policies on Market Growth

Regulatory policies surrounding LiDAR technology have a profound impact on the market's growth trajectory. On one hand, strict regulations can impede innovation and slow down the deployment of commercial LiDAR applications. For instance, if policies concerning data privacy and environmental assessments are overly burdensome, companies may find it challenging to navigate compliance, leading to delays in their projects and holding back market expansion.

Conversely, well-crafted regulations can foster a safe environment for innovation. The introduction of standardized practices can reinforce user trust in LiDAR applications, particularly in sectors like autonomous vehicles where safety is paramount. Regulatory clarity provides a framework within which businesses can operate confidently, stimulating investment and encouraging the development of novel applications.

Furthermore, global cooperation on LiDAR regulations can lead to market growth on an international scale. When countries align their regulations, it reduces the barriers for companies to enter new markets, promoting global cross-border collaborations. This expansion can lead to increased demand for LiDAR technology across different sectors, fueling further advancements and competitive pricing strategies.

Regulatory incentives, such as grants or tax breaks for R&D in LiDAR technologies, can also enhance market growth. By promoting an environment where innovation is financially supported, governments can help position their countries as leaders in the LiDAR industry. The result can be a more vibrant market where businesses strive to improve their technologies while adhering to the prescribed regulatory frameworks.

Ultimately, the balance between regulation and innovation is crucial. Policymakers need to understand the implications of their decisions on the LiDAR market, ensuring that regulations are fair, inclusive, and promote growth without compromising public safety and welfare. The future of LiDAR technology, therefore, relies not just on advancements in the technology itself but also on an adaptive regulatory environment that encourages safe and sustainable progress.

Bargaining Power of Buyers

The bargaining power of buyers in the lidar market plays a crucial role in determining pricing, product features, and overall service quality. As end-users—such as automotive manufacturers, robotics developers, and mapping service providers—become more informed and demanding, their ability to dictate terms has increased substantially. Buyers are looking for specific features, better performance, and cost-effectiveness out of lidar technologies, which elevates their bargaining leverage against suppliers.

With the growing number of companies entering the lidar space, buyers have more options than ever. This increase in competition translates into heightened pressure on manufacturers to provide high-quality products at competitive prices. If buyers find a product that meets their specifications at a better value, they may easily switch to another supplier, further intensifying the competition within the lidar market.

Furthermore, many buyers are increasingly aligning their purchasing power with strategic partnerships or long-term contracts. This shift allows them to negotiate better pricing terms and ensure a steady supply of lidar systems. In cases where a buyer represents a significant portion of a supplier's revenue, the buyer's influence grows, potentially enabling them to dictate terms and expectations that align with their business strategies.

Another factor contributing to the buyers' bargaining power is the relatively low switching costs associated with many lidar products. As products become more standardized, buyers can easily change suppliers if their needs are not adequately met. This elasticity in supplier choices creates an environment where manufacturers must consistently innovate and improve their offerings to retain customer loyalty.

Lastly, the proliferation of buyer information through online resources and technology expert communities enhances buyers' knowledge and reduces information asymmetry. Informed buyers can better assess and compare different lidar offerings, leading to more significant negotiations with suppliers. Manufacturers, therefore, must maintain a strong focus on customer relationships and market intelligence to adapt and respond effectively to the evolving bargaining landscape of buyers.

Threat of New Entrants

The threat of new entrants into the lidar market remains a critical factor affecting the competitive dynamics of the industry. On one hand, the rapid advancements in technology and growing interest in applications such as autonomous vehicles and drone mapping create opportunities for new players. Entrepreneurs and startups are constantly entering the market with fresh ideas and innovative solutions, aiming to capture a share of this lucrative segment.

However, several barriers to entry exist that can deter potential new entrants. High capital requirements for research and development, in addition to the substantial investments needed for manufacturing and quality assurance, pose significant challenges. Established companies benefit from economies of scale, allowing them to spread costs over larger production volumes, thus making it difficult for newcomers to compete on price effectively.

The specialized knowledge required to develop lidar technology also reduces the likelihood of newcomers succeeding without substantial expertise. Many established firms in the lidar market have invested years into refining their technologies and building a strong understanding of the intricacies behind lidar operation, which can present formidable intellectual property challenges for beginners attempting to innovate.

Regulatory requirements pertaining to safety and performance must also be considered. New entrants may struggle to meet these stringent regulations, particularly within the automotive sector, where safety compliance is paramount. Established players that have a proven track record in meeting these standards will have a significant advantage, resulting in higher market entry barriers for aspiring companies.

On the flip side, certain factors can moderate the threat posed by new entrants. The increasing availability of third-party resources, including development tools, software platforms, and component suppliers, lowers the initial barriers slightly. This accessibility fosters innovation and agility, giving new entrants the chance to carve out niches within specific applications in the lidar market. However, while the threat of new entrants continues to grow with technological advancements and interest in lidar applications, it is essential to recognize the existing barriers that protect established players.

Threat of Substitutes

The threat of substitutes in the lidar market is a salient concern for manufacturers and service providers striving to maintain competitive advantages. Substitution refers to alternative technologies or methods that can fulfill a similar purpose to lidar systems, potentially reducing demand for lidar products. In environments where alternatives can offer equal or superior performance at a lower cost, the threat of substitutes becomes particularly pronounced, underscoring the need for continuous innovation within the lidar sector.

Key technologies presenting a substitute threat include radar systems and traditional optical sensors that can perform similar functions in terms of distance measurement and environmental mapping. In certain applications, such as automotive sensing, radar can provide reliable performance under diverse weather conditions, which poses a challenge for lidar technology that may be less effective in such circumstances.

Moreover, advancements in computer vision and machine learning technologies introduce additional competition. These technologies leverage cameras and image processing to achieve similar outcomes, making them formidable alternatives to lidar systems in specific contexts. As these technologies improve and become more affordable, buyers may opt for them over lidar, especially in cost-sensitive applications.

Potential substitutes also include new sensor technologies that emerge with advancements in the fields of artificial intelligence and sensor fusion. For example, integrating multiple sensor modalities can create more comprehensive solutions that enhance operational capabilities beyond those achieved with lidar alone. This hybrid approach can provide better performance in certain applications, further asserting the threat of substitution for traditional lidar systems.

While the lidar market faces challenges from these substitute technologies, it is essential to recognize its unique advantages. For many applications, lidar remains an unparalleled option due to its precise distance measurements and superior object detection capabilities in three-dimensional space. To mitigate the threat of substitutes, manufacturers must continuously innovate, improve system reliability, and develop cost-effective solutions that enhance the value proposition of lidar technology compared to alternative sensing methods.

Competitive Rivalry

Competitive rivalry within the lidar market is pronounced and dynamic, shaped by various factors such as technological advancements, market fragmentation, and diverse applications. The increasing interest in lidar applications, particularly in the automotive and robotics sectors, fuels competition as companies strive to differentiate their offerings and secure a foothold in this growing market. This rivalry can drive innovation, but it can also compress margins as companies vie for market share.

Competition is amplified by the presence of both established firms and emerging startups. Established players typically have extensive research and development resources, brand recognition, and existing customer bases, providing them with a competitive advantage. However, agile startups often leverage cutting-edge technologies and niche applications, enabling them to carve out unique positions within the market, resulting in heightened competition overall.

Moreover, the rapid pace of technological innovation in the lidar market means that companies must consistently develop new products and features to remain relevant. This constant pressure to innovate leads to increased research and development expenditures, creating a competitive arms race. As firms struggle to outpace their rivals, the differentiation of products and services becomes a critical strategy to maintain competitive advantage.

Price competition is also a significant aspect of competitive rivalry in the lidar market. As more players enter the space, competition over pricing intensifies, leading to aggressive pricing strategies that can erode profit margins. Companies are compelled to balance cost structures with pricing strategies that appeal to current and potential customers, often resulting in ongoing market fluctuations.

Ultimately, the competitive rivalry in the lidar market is a complex interplay of established and new players, pricing pressures, and the need for constant innovation. To thrive in this environment, companies must develop robust strategies that focus on differentiating their offerings, optimizing operational efficiencies, and staying ahead in technological advancements, ensuring they can navigate the challenges posed by intense competition.

Market Segmentation

The Lidar market can be segmented based on type, product, application, and end-use industry. Understanding these segments is crucial for stakeholders looking to tailor their offerings or investments in this rapidly evolving landscape. Segmenting the market according to these criteria allows companies to focus their strategies on specific areas of growth and innovation.

In terms of type, Lidar systems can be classified into airborne and terrestrial segments. Airborne Lidar systems are predominantly used for larger-scale mapping and surveying tasks, while terrestrial Lidar systems are employed for detailed ground-based surveys. With the increasing need for land surveys and mapping in urban developments and infrastructure projects, both segments are witnessing substantial growth. The choice between these systems largely depends on the specific application requirements and environmental factors.

The product segmentation includes different types of Lidar sensors, ranging from pulse-based to solid-state Lidar. Pulse-based Lidar systems have long been the standard, delivering high accuracy and extensive data collection capabilities. However, solid-state Lidar is gaining traction thanks to its compact size, lower cost, and potential for integration into smaller devices, such as those used in autonomous vehicles, thus driving its adoption.

Applications of Lidar are broad and varied, extending from land surveying, forestry, and mining to urban planning and disaster management. In forestry, for example, Lidar is used to assess tree heights and biomass levels, leading to better forest management practices. In the mining sector, it aids in the accurate measurement of stockpiles and terrain analysis, which helps optimize operations and reduce waste.

Lastly, in identifying end-use industries, the transportation sector has emerged as a key player in Lidar adoption, primarily for autonomous vehicles and smart transportation systems. Other significant segments include agriculture, environmental monitoring, and construction. Each of these industries presents unique opportunities that Lidar technology can fulfill, with the potential for substantial efficiency improvements and cost reductions.

Market Trends

Several notable trends are shaping the Lidar market as technology continues to advance and its applications expand. Understanding these trends is vital for businesses and investors looking to gain a competitive edge and capitalize on future opportunities. One of the most significant trends is the ongoing miniaturization of Lidar sensors. The development of smaller and more lightweight sensors enables their integration into a variety of applications that were previously limited due to size constraints.

This miniaturization is profoundly impacting the automotive sector, where Lidar is becoming a fundamental component of advanced driver-assistance systems (ADAS) and autonomous driving technologies. The ability to integrate Lidar into compact spaces within vehicles enhances the functionality and safety of these systems, making it a key differentiator among automotive manufacturers.

Another important trend is the increasing adoption of Lidar in the construction and surveying industries. Companies are progressively moving towards digital solutions powered by Lidar technology to streamline operations and improve accuracy in measurements. This shift not only enhances project planning and execution but also promotes sustainable practices through better resource management and minimized wastage.

Moreover, there is a growing emphasis on cloud computing and data analysis in conjunction with Lidar technologies. The vast amounts of data generated by Lidar systems require sophisticated analysis tools and platforms to interpret and utilize effectively. Therefore, the collaboration between Lidar providers and cloud-based data analytics firms is gaining momentum, driving innovation in data processing and visualization.

Finally, the integration of AI and machine learning is emerging as a dominant trend in the Lidar market. These technologies enhance the accuracy and speed of data analysis, enabling real-time decision-making capabilities in various applications, from urban planning to disaster management. As these trends continue to develop, they will undoubtedly shape the future of the Lidar market, presenting numerous opportunities for companies that can harness their potential.

Challenges and Opportunities

While the Lidar market is experiencing robust growth, it is not without its challenges. Understanding these challenges is essential for stakeholders aiming to navigate the landscape successfully. One primary challenge is the high cost associated with Lidar technology. The expenses linked to the acquisition of Lidar systems, as well as the required training and technical support, can pose significant barriers, particularly for small and medium-sized enterprises.

Furthermore, the complexity of data processing generated by Lidar systems can be daunting for many end-users. Successfully interpreting and utilizing Lidar data requires specialized skills and knowledge, which may not be readily available. This skill gap can impede the adoption of Lidar technology across various industries, limiting its potential impact on business operations.

Despite these challenges, numerous opportunities abound within the Lidar market. Growing investments in autonomous vehicle technology present a lucrative avenue for Lidar manufacturers and service providers. As the automotive industry continues to innovate, the demand for high-precision Lidar systems designed to ensure safety and efficiency in autonomous navigation is likely to skyrocket.

Additionally, there is an increasing market for Lidar applications in the construction and engineering sectors. Building Information Modeling (BIM) and the trend towards digital twinning in infrastructure projects are driving demand for accurate situational awareness and real-time data collection, where Lidar technology excels.

Another critical opportunity lies in environmental monitoring. As businesses and governments prioritize sustainability, the application of Lidar in assessing environmental conditions, biodiversity, and natural resources will continue to gain traction. Companies that innovate and adapt their offerings to meet these emerging needs will position themselves favorably in this evolving landscape.

Future Outlook

The future of the Lidar market appears promising, with expected growth driven by technological advancements, rising applications across sectors, and increasing investment in related technologies. As industries increasingly recognize the benefits of high-resolution mapping and data precision, the adoption of Lidar technology is set to rise significantly.

One of the key drivers of future growth is the ongoing development and commercialization of solid-state Lidar systems. These systems, characterized by lower costs and smaller footprints, will likely democratize access to Lidar technology across various industries, allowing more companies to harness its power in their operations.

Moreover, the convergence of Lidar with complementary technologies such as drones, IoT, and AI is anticipated to drive innovation. The integration of these technologies enables more robust data collection and analysis capabilities, thus enhancing operational decision-making and overall efficiency across multiple applications.

Additionally, as urbanization accelerates, the demand for smart city solutions will create new opportunities for Lidar applications. The technology's role in infrastructure development, traffic management, and hazard response will be critical in shaping sustainable urban environments.

In conclusion, the Lidar market is positioned for significant growth in the coming years. Stakeholders must remain vigilant and responsive to technological developments as well as market demands to maximize their potential and create lasting value in this dynamic sector.

Frequency Modulated Continuous Wave (FMCW) Technology

Frequency Modulated Continuous Wave (FMCW) technology presents a sophisticated approach to Lidar systems, employing continuous waves of laser light that change frequency over time. By modulating the frequency of the emitted light, FMCW systems are able to measure distances with precision that goes beyond traditional techniques, making them advantageous for applications requiring high accuracy and resolution.

The principle behind FMCW technology revolves around measuring the frequency difference between the emitted wave and the reflected wave. When a pulse of continuous wave light is sent out, it varies in frequency as the emission progresses. When this light hits an object and reflects back, the frequency of the returning signal is altered based on the distance traveled. The system calculates this frequency shift to determine the distance and speed of the object, allowing for comprehensive environmental mapping.

One of the key benefits of FMCW technology is its ability to achieve high depth resolution. This is critical in applications such as advanced automotive systems, where precise detection of obstacles and other vehicles is essential for safety in navigation. Additionally, FMCW systems can operate effectively at longer ranges compared to ToF systems, making them suitable for aerial mapping and monitoring applications.

The integration of FMCW technology into Lidar systems also provides enhanced capabilities in detecting the velocity of objects, which is advantageous for dynamic environments, such as traffic monitoring and surveillance. The combination of distance and speed measurements in a single system offers a more holistic view of the environment, leading to improved decision-making processes in various applications.

Despite its advantages, FMCW technology requires complex signal processing algorithms to accurately interpret frequency shifts. This can lead to increased processing time and demands on computational resources. Additionally, the cost of FMCW systems may be higher than other Lidar types, which can limit their adoption in budget-sensitive applications. Nonetheless, their capabilities in precision and efficiency make them an exciting frontier in the development of Lidar technologies.

Other Lidar Technologies

A variety of other Lidar technologies complement the two primary methods—Time-of-Flight and Frequency Modulated Continuous Wave—offering unique benefits for specialized applications. Among these technologies, phase shift measurement, micro-electromechanical systems (MEMS), and flash Lidar iteratively emerge with distinct operational principles and practical efficiency.

Phase shift measurement technology measures the phase difference between emitted and reflected laser signals. This method, while similar to ToF, provides additional advantages in precision, particularly in densely packed environments. Phase Lidar systems can excel in detecting small, subtle changes in the environment, making them suitable for applications such as urban modeling and infrastructure inspections.

Micro-electromechanical systems (MEMS) technology introduces miniaturization to Lidar designs. MEMS-based Lidar units utilize tiny mirrors to steer laser beams, allowing for compact and lightweight systems. The integration of MEMS technology enables Lidar systems to adapt easily to various platforms, from drones to mobile vehicles, while maintaining high performance levels.

Flash Lidar, on the other hand, operates on the principle of illuminating an entire scene with a broad beam of light, capturing all reflected signals almost simultaneously. This method enhances measurement speed and is particularly useful in scenarios where time is of the essence, such as in autonomous navigation where quick reflexes are paramount. Flash Lidar systems are increasingly being adopted for near-range applications including pedestrian detection and obstacle avoidance.

Moreover, advancements in Lidar technologies are continuously evolving with the integration of machine learning and artificial intelligence. These technologies enable Lidar systems to not only measure distance and object shapes but to also interpret and understand the environment in more complex ways, paving the way for smarter autonomous systems. As the demand for precise and automated mapping continues to grow across various industries, the exploration of these alternative Lidar technologies will likely become more prominent.