Despite strong economic headwinds from global shutdowns in response to the COVID-19 pandemic, some funding and merger activity continued in April 2020, particularly in healthcare, transportation, and manufacturing.
In 2019, overall robot market revenues experienced negative growth for the first time in many years affected by the global manufacturing downturn and reduced demand in major end industries such as automotive and electronics. However, the collaborative robot market still maintains a high growth rate of more than 30% (32.1% in revenue term and 31.3%…
The “Automated with Velodyne” cooperative business network will benefit Velodyne and its partners immediately, but exponential growth in LiDAR sensor deployments is a second order benefit for Velodyne and their program participants.
The solid-state LiDAR market remains hot, impelled by innovation, continuing sector investment and value delivery for automotive Tier 1 automotive suppliers and OEMs.