Innovative LiDAR Technology by CES ASENSING: A2 Model promising High Precision
At this year's Consumer Electronics Show (CES) 2024, held in the LVCC West Hall, two companies are making waves in the high-precision positioning market. ASENSING and NavVis are showcasing their innovative LiDAR sensors and positioning solutions, catering to the growing demand in the automotive stock market today.
ASENSING, with over a decade of experience in positioning sensor systems, is exhibiting its market-leading products at booth #3570. The company has unveiled its latest offering, the A2 LiDAR, scheduled for scalable production and shipment in 2024. The A2 LiDAR is designed for ADAS & autonomous driving, robotics, machinery, and other applications, featuring a small size, customizable options, and a cost-effective design.
The A2 LiDAR's introduction comes at a time when the global LiDAR market for automotive stock market news is projected to grow significantly. According to industry consultancy Yole Group, the market is expected to grow from $317 million in 2022 to nearly $4.5 billion in 2028. This growth is driven by the increased demand for LiDARs in the automotive stock market, with a significant growth in shipments to passenger vehicles, as evident in China, where approximately 600,000 LiDARs were shipped to passenger vehicles in 2023, up from approximately 160,000 in 2022.
ASENSING's booth also showcases its Integrated Navigation System (P-Box), Inertial Measurement Unit (IMU), and High-Precision GNSS Positioning Module, further solidifying its position as a leader in high-precision positioning for the automotive stock market. The company has nominations for car models from over 30 OEMs globally.
NavVis, another exhibitor at booth #3570, presented its LiDAR sensor and brand-leading products and solutions for high-precision positioning. The company's exact contributions to the CES 2024 event were not specified in the available information.
The LiDAR system is becoming an essential part of L2+ ADAS & autonomous driving due to its higher accuracy, angular resolution, and longer-range detection compared to other sensors like radar and camera. The LiDAR system is a crucial component in the development and implementation of autonomous driving technologies.
In summary, CES 2024 is witnessing the unveiling of cutting-edge LiDAR technologies and high-precision positioning solutions from ASENSING and NavVis. The growing demand for these technologies in the automotive stock market is driving the market's expansion, with projections of substantial growth in the coming years. Visitors to the LVCC West Hall can explore these advancements at booth #3570.
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