Aeva Technologies Inc., a leader in the development of Frequency Modulated Continuous Wave (FMCW) 4D LiDAR sensors, has announced a multi-year supply agreement with The Indoor Lab, a company known for its LiDAR perception and analytics solutions. This partnership represents a pivotal moment for Aeva as it diversifies its commercial applications beyond the automotive industry, venturing into sectors such as aviation, agriculture, and smart infrastructure.
The collaboration will see Aeva's next-generation 4D LiDAR sensor, Atlas, being integrated into The Indoor Lab's Overwatch Perception Platform. This platform is part of the Enterprise Analytics Suite for Critical Infrastructure, designed to enhance safety and operational efficiency through continuous AI-powered analytics. Initial deployments are planned at major U.S. airports, including John F. Kennedy International Airport's New Terminal One and San Francisco International Airport, with future applications expected in agriculture and smart city projects.
Aeva's 4D LiDAR technology stands out for its ability to measure range and velocity simultaneously using a low-power continuous laser beam. This innovative approach enables the instant discrimination between moving and stationary objects and provides precise velocity measurements, all integrated into a compact and scalable module. The technology's versatility makes it suitable for a wide range of automation applications, from security to industrial automation.
Patrick Blattner, founder and CEO of The Indoor Lab, praised Aeva's technology, highlighting its superiority over other time-of-flight 3D LiDAR technologies on the market. The selection of Aeva's 4D LiDAR technology is seen as a strategic move to future-proof The Indoor Lab's perception analytics platform for critical infrastructure across the United States.
This agreement follows Aeva's recent expansion into the industrial and security markets, including a project with a top U.S. National Security Organization to protect critical energy infrastructure sites. James Byun, managing director of business development at Aeva, views this partnership as a testament to the company's growing influence in the industrial market, emphasizing the importance of performance and scalability in their technology.
Looking ahead, Aeva is also preparing for the launch of its industrial metrology and manufacturing automation program with Nikon by the end of 2024. This initiative aims to utilize Aeva's sensors in Nikon industrial machines for inspecting manufacturing assembly lines for microscopic defects, further showcasing the broad applicability of Aeva's LiDAR technology.
With the LiDAR market expected to grow at a compound annual growth rate (CAGR) of 19.3% through 2030, Aeva's strategic partnerships and technological innovations position the company to take full advantage of the expanding demand across various sectors, including automotive, industrial automation, manufacturing, and security.
