Cepton, Inc. (NASDAQ: CPTN) Set to Capitalize on Lidar Sector’s Exponential Growth Trends
Originally designed to map out the meteorology of early weather, lidar sensor technology has powered/enabled a wide range of innovative applications The rapid development and adoption of lidar technology is expected to drive the sector to grow to a value of EUR 50 billion per annumCepton, Inc. has been a key beneficiary of sectoral growth, having earlier been awarded the largest ADAS lidar contract by an automotive OEM in historyThe company has also pioneered the usage of lidar technology in alternative applications worldwide, recently collaborating with Fibre Based Integrations to revamp Cape Town’s traffic infrastructure using their proprietary technology In the…