Lidar sensor market could reach $31 bln by 2030 - Berenberg

Innoviz Technologies

25/05/2021 13:47

** Berenberg says the Lidar sensor market for consumer
vehicles, robotaxis, autonomous truck fleets, and adjacent
end-markets could reach ~$31 bln by 2030
    ** Brokerage starts coverage on Innoviz  INVZ.O  with "buy"
rating and PT of $13; on Luminar Technologies  LAZR.O  with
"hold" and PT of $18
    ** Shares of INVZ up 1.8% at $10.01; LAZR rises 1% to $21.42
premarket 
    ** "A balanced approach to cost and performance will
determine the winners, and 8xx/9xxnm Lidars have the advantage"
- Berenberg
    ** Brokerage says INVZ's relationship with multiple Tier-1
suppliers is beneficial to securing high-volume series
production awards with original equipment manufacturers (OEMs)
    ** Production results with BMW could act as a catalyst for
the adoption of INVZ Lidar by other OEMs; InnovizTwo, a higher
grade sensor, could set a new bar in terms of performance and
cost - Berenberg
    ** Says LAZR has more than $1.3 bln in potential revenue
backlog from series production wins with Volvo and SAIC, but
volumes remain a key question 
    ** Says LAZR's lack of Tier-1 partnerships could hinder co's
ability to secure higher-volume awards with OEMs, concerned over
its 1550nm wavelength approach


 (Reporting by Siddarth S)
 ((Siddarth.s@thomsonreuters.com;))