![]() ![]() Innoviz was selected by BMW to partner in the mass production of Level 3-5 autonomous vehicles, giving it a major outlet for its LiDAR sensor systems. We’ll start with Innoviz, a leader in the design and manufacture of high-end, solid-state LiDAR sensors, and the perception software needed to make sense of what the sensor ‘sees.’ Innoviz offers several LiDAR packages, and its flagship products, InnovizOne and InnovizTwo, are specifically designed for automotive use. Running the tickers through the TipRanks database, it’s clear Chatterjee is not alone in thinking these stocks have plenty to offer investors both are also rated as Strong Buys by the analyst consensus. They both offer investors a low cost of entry, under $10 per share, and according to Chatterjee, they boast triple-digit upside potential. Few industries offer that kind of growth potential, and investors should take note.Īgainst this backdrop, JPMorgan's 5-star analyst Samik Chatterjee has taken an in-depth look at the LiDAR market, and has tapped two stocks as potential winners in this expanding field. ![]() Last year, the global auto industry demand for LiDAR reached $555 million that’s expected to grow to more than $8.6 billion by end of this decade, for a compound annual growth rate of 40% or higher. LiDAR technology – light detection and ranging – is a sensor technology, offering improvements in vehicle safety and navigation systems, by way of driver assistance, and bring the needed sensitivity to make autonomous vehicles possible. One of those coming changes is already starting to appear. Improvements in all three of those areas, the automotive, computing, and networking sectors, are coming together now, and will bring enormous change to the inner workings of our cars. Henry Ford’s assembly line brought cars to the masses, the internet has changed the way we communicate, and mobile devices have taken those changes to a new level. Every so often, some technological advance comes along that forever alters the world we live in.
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