LiDAR for Automotive and Industrial Applications 2021

1 From Technologies to Markets 2021 From Technologies to MarketsLiDAR for Automotive and Industrial Applications 2021 Market and Technology Report 2021 Sample22 Glossary2 Tableofcontents3 Scopeofthereport4 Methodologiesanddefinitions6 Abouttheauthors7 Companiescitedinthisreport8 Whatwegotright,whatwegotwrong9 Executivesummary10 Context39oHistoryofLiDARo2020-2021 LiDARnoteworthynews Marketforecasts51oAutomotivemarketoRobot icvehiclemarketoIndustrialmarket Markettrends97oAutomotiveapplicationsoIn dustrialapplicationsoTopographyoEnergyoL ogisticsoManufacturingoSmartinfrastructu reoDefense,spaceand,scientificapplicatio nsLiDAR for Automotive and Industrial Applications | Sample| | 2021 TABLE OF CONTENTS Marketsharesandsupplychain142oPlayersand marketsharesoM&AandinvestmentsoPartnersh ipsandsupplychainoChineselandscape Technologytrends183oImageformationoCompo nentsoProductsoIntegrationinADAS vehiclesoFrequencymodulatedcontinuouswav es/FMCWoOpticalphasedarray/OPAoSoftwarea ndcomputingoTechnologyroadmaps Reversecosting,structure,processandcosta nalyses265 Outlook276 Howtouseourdata?

2 281 AboutYoleD veloppement28233 SCOPE OF THE REPORTM arkets and applicationsYours needs are out of scope of this report?Contact us for a custom study:ConsumerAutomotiveIndustrialDefens e & aerospaceAR/VRADAS: Advanced Driver Assistance SystemsAR: Augmented RealityVR: Virtual RealityADASR obotic carsLogisticsEnergyFactory automationConstructionSmart buildingsSmart agricultureSecurityPlanetsAtmosphereLogi sticsOut of scopeIn scopeLiDAR consumer Applications are covered in Yole s 3D sensing for Automotive and Industrial Applications | Sample| | 2021 Smart infrastructure44 METHODOLOGIES & DEFINITIONSM arketVolume (in Munits)ASP (in $)Revenue (in $M)Yole s market forecast model is based on the matching of several sources:Information AggregationPreexistinginformationLiDAR for Automotive and Industrial Applications | Sample| | 202155 ABAX, Aeva, AEye, AGC, Airbus, amsAG, AOET, Argo AI, ASC, ASE Technology, Audi, Aurora Innovation, Ball Aerospace, Baraja, BEA , BEAMAGINE, Beijing SurestarTechnology, Benewake, Blickfeld, BMW, Bosch, Bridger Photonics, Broadcom, Carnavicom, CeptonTechnologies , Continental, CoreDAR, Cosworth, Delphi, Denso, Draper, Eblanaphotonics, Eckhardt Optics, EOLOS, EonitePerception, Epistar, Epsiline, ExcelitasTechnologies, Faro, Fastree3D, Ficontec, Finisar, First Sensor AG, Fujitsu, GeoSLAM, GuangshaoTechnology, Hamamatsu Photonics, HesaiPhotonics Technologies, Hexagon AB, HitronicsTechnologies, Hokuyo Automatic, Huawei, Hyundai, Hybo, Hybrid LiDAR Systems, HypersenTechnologies.

3 Hyundai Mobis, IbeoAutomotive Systems, II-VI, Imuzak, Infineon Technologies AG, INFOWORKS, InnoluceBV, InnovizTechnologies, Innovusion, Insight LiDAR , IridianSpectral Technologies, Irvine Sensors Corp., Jabil, Jaguar, Kaarta, Koito, Konica Minolta, Kyocera, Laser Components, LeddarTech, Leica Geosystems, LeiShenIntelligent System, Leonardo, Leosphere, Lexus, LG, Livox, Lumentum, Lumibird, LuminarTechnologies, Lumotive, Magna, Marelli, MellerOptics, Mercedes-Benz, METEK MeteorologischeMesstechnikGmbH, Micralyne, Micro Photon Devices, Microvision, Mirada Technologies, Mirrorcle, Mitsubishi Electric Corporation, NeoPhotonics, NeptecDesign Group Ltd. , NeptecTechnologies, Neuvition, NewsightImaging , Nextcore, Ocular Robotics, OEwaves, OLEI LiDAR , Ommatidia, Omron, ON Semiconductor, Ophir, Oplatek, Oqmented, Osram, OURS Technology, Ouster, Panasonic, Phantom Intelligence, Phoenix LiDAR Systems, Pioneer Smart Sensing Innovations Corporation, PSSI, pmdtechnologiesAG, PreciseleyMicrotechnology Corp.

4 , Princeton Optronics, QuanergySystems, QuantelLaser, Quantum Semiconductor International (QSI), Redtail LiDAR , Renault, Renesas, Riegl, RoboSense, Rockley Photonics, ScantinelPhotonics, Sense Photonics, Sick AG, SiLCTechnologies, STMicroelectronics, Teledyne Optech, TeraXion, TetraVue, Topcon, Trimble, Valeo, VelodyneLiDAR, Veoneer, Volkswagen, Volvo, Waymo, Webasto, XenomatiX, Z+F Laser, ZF Friedrichshafen AG, and CITED IN THIS REPORTLiDAR for Automotive and Industrial Applications | Sample| | 202166 Pierrick BOULAY, Market & Technology AnalystPierrickBoulayworksasaMarketandTe chnologyAnalystinthefieldsofLED,OLED, ,economic,andmarketanalysesatYoleD veloppement,the MorethanMoore ,includinggeneralandautomotivelighting, ,PierrickworkedinseveralR& DEBRAY, Senior Analyst Emerging TechnologiesAlexisDebray.

5 IsaSeniorAnalystatYoleD and contactsABOUT THE AUTHORSLiDAR for Automotive and Industrial Applications | Sample| | 202177 LiDAR : FROM TECHNOLOGIES TO APPLICATIONSLiDARF iber-opticcommunicationVCSELPETSiPMConsu mer opticsOptical packagingOCT: Optical Coherence Tomography PET: Positron Emission TomographySiPM: Silicon PhotomultiplierVCSEL: Vertical-Cavity Surface-Emitting LaserLaser diodeGeographic InformationSystemCloud dataOCTA utomatic target recognitionMobilityRobotsSpaceTopography WindUp to $500M$10,000$1,000,000$30,000$500,000$50 0$75,000 ConsumerMEMS scannerImage processing$1$10$1000$2,000$100,000 Logistics/IndustryLiDAR for Automotive and Industrial Applications | Sample| | 202188 HISTORY OF LIDAR1930In the 1930s, EH Synge conceived of LiDAR . 1939 Ellis A. Johnson, a Carnegie Institution Scientist, uses a searchlight to capture signals up to 40 University team led by Charles Townes build the first maser (microwave amplification by stimulated emission of radiation).

6 1960In 1960, TH Maiman conceived the first laser. 1962 The Hughes Mark II Colidar is the first commercial build the SRI Mark I LiDAR for D. Hickman flies the first bathymetricLiDAR. 1969 Apollo Lunar Ranging Experiment (LURE) lands on the moon with Apollo University (Canada) physicist Allan Carswell and his wife Helen Riegl founds Huffaker founded Coherent Technologies to commercialize LiDAR wind-detection Technologies introduces the Cyrax 2400, the first tripod-mounted, commercial 3D of Texas at Austin team led by James Gibeaut create the first LiDAR -based digital elevation model of an archaeologicalsite, at Copan, Grand Challengein the Mojave Desert ends with no scanners are a popular sensor among Hall invents 3D real-time LiDAR and creates for Automotive and Industrial Applications | Sample| | 20219 LiDAR FORECAST BY APPLICATION2020 -2026 forecastAutomotive is expected to have a major impact on the LiDAR market in the next five years.

7 LiDAR for Automotive and Industrial Applications | Sample| | 2021 TopographyWindLogistics$ $ : 6%$49 MCAGR21-26: 2%2020$ $44M$466 MCAGR21-26: 19%Manufacturing$379 MCAGR21-264%Smart infrastructure$575 MCAGR21-26: 32%$395 MCAGR21-26: 38%Robotic carsADASCAGR2021-2026: +23%2026$ $ : 94%$26M$103M$136M$66M$309M1010 LiDAR for Automotive and Industrial Applications | Sample| | 2021 LiDAR MARKET SHARES2020 Market shares by revenueTotal market: $1,819M The LiDAR market remains dominated by traditional companies in topography (Trimble, Hexagon, Topcon) and factory automation (Sick AG). Velodyne saw its revenue decline slightly in 2020 due to a reduction in unit pricing. It is a strategy of the company. New-comers like Valeoand Ouster are beginning to generate LiDAR revenue. We have adjusted the revenues for several companies which have or plan to become public.

8 This includes Velodyne, Ouster, Luminar, AEye, Aeva, Innoviz, and Hesai. Waymo produces LiDAR for its own robotaxis. The market for Waymo corresponds to the market price of the LiDAR . This total LiDAR market includes revenues for the Defense and Space market and some revenues going to research and development projects. These segments are not considered in the forecasts presented in the Market forecasts section. This explain the difference for the two 2020 LiDAR market data. Trimble exagon ick To con elodyne i iegl alma e erl uchs aro aleo Teledyne tech esai aisala obo ense okuyo utomatic eddarTech Waymo uster thers i market shareCompany nameLiDAR revenue -$MTrimble353 Hexagon AB328 Sick AG210 Topcon140 Velodyne LiDAR91 Riegl81 BEA (Halma)68 Pepperl+Fuchs58 Faro57 Valeo49 Teledyne Optech45 Hesai42 Vaisala32 RoboSense 25 Hokuyo Automatic20 LeddarTech20 Waymo19 Ouster 19 Others163*Revenue is for hardware only.

9 1111 Automotive LiDAR PLAYERSI sraelJapanChinaCanadaAustraliaUSAE uropeSouth KoreaRussiaLiDAR for Automotive and Industrial Applications | Sample| | 2021*Non-exhaustive list1212 Imaging technologyTECHNOLOGY/PLAYER SEGMENTATION FOR Automotive LiDARMEMSO ptical-phased arrayMechanicalPulseFMCWP hase shiftOther mechanicalFlash*FMCW: Frequency Modulated Continuous WaveOther opticalSequential flashRanging technologyNot disclosedOther opticalSequential flashLiDAR for Automotive and Industrial Applications | Sample| | 2021*Non-exhaustive list13 PARTNERSHIPSS upply chain analysis Known design wins (total of 29)As of Q3- , aleo s SCALA is the only LiDAR mounted in ADAS cars. Amongthe29designwinsmadepublic, ,byfar,theleadingLiDARsupplierforADAS vehicles. 905nmfromEELsisstillthe Ms ,1550nm-basedLiDARisgainingmarket.

10 EventhoughMEMS andflashLiDARareemerging, for Automotive and Industrial Applications | Sample| | 202114 TECHNOLOGY ROADMAPLiDAR technology roadmap (1/2)905nm-based systems should continue to be used due to their low cost, though FMCW LiDAR based on 1550nm could emerge in the long : ValeoScala Credits: ValeoScala , : Innoviz905nm EELP ulse Time-of-FlightSilicon-based sensor Most popular ranging method as it is the easiest. Lower cost of :2025 MEMS and flash LiDARsCredits: IbeoCredits: SOSLabLiDAR for Automotive and Industrial Applications | Sample| | 202115 TECHNOLOGY ROADMAPLiDAR technology roadmap (2/2)Mechanical LiDAR based on mature technologies will continue to be used but new technologies will emerge at the same for Automotive and Industrial Applications | Sample| | 202120252030 FMCW LiDARC redit: Voyant PhotonicsCredit: SILC TechnologiesCredit: Analog PhotonicsSimilarities:Coherent velocity LiDARsAlternative to mechanical or MEMS not ready for Industrial : BlackmoreCredit.