Cheaper sensors could speed more self-driving cars to market by 2022

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Cheaper sensors could speed more self-driving cars to market by 2022.

- The first heavily automated mass-market vehicles for consumers could go on sale as soon as 2022, if one or more vehicle manufacturers adopt a new sub-$500 lidar sensing package being developed by Silicon Valley startup Luminar.Luminar has developed a low-cost lidar platform that bundles hardware and software and is being tested by several automakers, according to Austin Russell, Luminar chief executive officer and founder.

Manufacturers and suppliers are increasingly skeptical about the speed of adoption of fully automated self-driving systems, because of both their high cost and complexity. In the meantime, they have begun focusing on deploying more ADAS features, which share components, but cost much less and can generate much-needed revenue to help defray the cost of developing full self-driving systems.

In the meantime, a long-predicted shakeout in the lidar sector has yet to materialize, judging from a recent flurry of investments and acquisitions, even though the industry has yet to embrace a single lidar technology. A new player, North Carolina-based Sense Photonics, this week closed a Series A round and has raised more than $43 million, with backing from corporate investors Samsung Ventures and Shell Ventures.

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