Common in ADAS, Cepton Inc. (NASDAQ: CPTN) CEO Sees Lidar Going Mainstream in Autonomous Driving and More
ResearchAndMarkets forecasts a 21.7% CAGR for the global lidar market to reach $3.74 billion by 2026 Cepton won the largest auto industry lidar contract to date from General Motors, which will use Cepton products in its Ultra Cruise package Cepton is well funded after its IPO and is in negotiations with world’s leading auto OEMs, as well as over 120 companies regarding Smart Infrastructure When carmakers are adding hardware technology to a vehicle even though current software isn’t there yet to maximize the capability, a change is in the works. That’s what is happening with lidar, an acronym for light…