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Title : Ouster CEO Believes that Only 3 to 5 LiDAR Companies Remain in 5 Years from Now
link : Ouster CEO Believes that Only 3 to 5 LiDAR Companies Remain in 5 Years from Now

Ouster CEO Believes that Only 3 to 5 LiDAR Companies Remain in 5 Years from Now

Bloomberg reports that Ouster that went public after merging with a SPAC, is in advanced talks to acquire a flash LiDAR startup Sense Photonics.

UKTodayNews quotes Ouster CEO Angus Pacala saying only three to five lidar companies will remain in five years.

Sam Abuelsamid, principal research analyst at Guidehouse Insights, wonder if there’s enough room for the dozens of competitors vying for contracts.

Yole Developpement quotes CEO of XenomatiX Filip Geuens saying that it is now the time for convergence and consolidation in LiDARs: "After a period of intense technology exploration, a time of convergence and consolidation has started. It is becoming more clear which solutions will prevail.

Now it’s a matter of industrializing and letting mature the solutions that have survived the experimental phase."

CNBC: Kyle Vogt, the co-founder and president of Cruise, General Motors’ majority-owned autonomous vehicle subsidiary, is predicting a consolidation/collapse of the lidar industry, specifically regarding companies that have gone public or plan to do so through deals with blank check companies.

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