Spring is here, which means it’s time for our updated Perception Sensor Industry Map — now in its fourth year (wow, really?!). This year, we'

2024 Perception Industry Market Map

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2024-04-23 19:00:09

Spring is here, which means it’s time for our updated Perception Sensor Industry Map — now in its fourth year (wow, really?!). This year, we've dropped the word "sensor" from the title, and going forward, it will be known as the Perception Industry Map. This is to more accurately reflect the fact that the pace of new hardware/sensor entrants has slowed, while software has accelerated and is now the fastest growing source of new perception map companies. That’s not to say that there haven’t been major shifts in other sectors of the map, however. There’s been quite a lot of flux between 2023 and 2024, which we’ll explain in detail below.

While some companies have exited sectors (for instance Waymo ceasing to sell its Laserbear Honeycomb LiDAR to third parties, and Huawei generally ceding Chinese sensor markets to Hesai and RoboSense), very few companies have gone under. This is particularly surprising given the general decrease in capital availability in a post-zero-interest-rate (aka “ZIRP”) world. Perhaps many of these companies raised war chests before markets tightened, or perhaps the uplift in deployments for robots and AVs generally has buoyed revenues. Because of the private nature of most of these companies, it’s hard to know where they stand in terms of cash position and revenue. All we can say is that it’s 2024, and they’re still here.

For the 2024 edition of the market map, we’ve decided to make new distinctions in sectors that have proliferated the most over the past few years. Thus, 3D sensing is now broken up into 3D sensing and industrial 3D sensing. Cameras have been split into embeddable and industrial cameras. And what was once strictly event cameras is now “emerging technology”. The latter reflects quite a bit of hardware and software innovation representing technologies moving from the lab and entering real world use. Will all of these companies be here next year? Subscribe to our newsletter and be notified when the 2025 Perception Industry Map arrives and see!