![]() ![]() Bottom: Luminar lidar records a point cloud image its surroundings. Iris is set for commercial launch on production vehicles in 2022. Extending lidars range, and reducing its costs, thus forms a key challenge for. There will be new software to complement the hardware as well, which will cover "sensor fusion, auto-calibration, tracking, object detection, classification and simulation." This will make it easier for manufacturers to tuck the device away into a discreet location like below car headlights or on top of a semi truck's cabin. ![]() Watch list Premarket Last Updated: 4:35 a.m. Test units of the system were rather bulky, but the new hardware is about one third of their size. Overview Stock Screener Earnings Calendar Sectors Nasdaq LAZR U.S.: Nasdaq Luminar Technologies Inc. The Iris is a more compact device than previous models too. ![]() However, Alphabet subsidiary Waymo did announce earlier this year that it would sell its own LiDARs for a more affordable price of $7,500. This is a massive saving from other LiDAR systems on the market today, which run up to $75,000 for a top of the line unit from developer Velodyne. Luminar's Iris LiDAR systems will cost less than $1,000 per unit for production vehicles or $500 for a limited version, according to TechCrunch. Now, autonomous vehicle sensor and software company Luminar has announced a new platform which will be a lower-priced alternative to current LiDAR systems. LiDAR (laser pulse-based radar) is an essential component of autonomous driving, as it's what vehicles use to detect obstacles like other cars or pedestrians in order to navigate around them. ![]()
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