Innoviz Technologies and General Laser announce collaboration to drive LiDAR solutions sales in Europe

What’s happening: Innoviz Technologies and General Laser have announced a collaboration to accelerate the adoption of Innoviz’s LiDAR solutions in the European market. General Laser will leverage its extensive network of over 70 resellers and direct customer relationships across Europe to support the expansion of sales efforts into various industrial market segments, including construction, agriculture, mobile robotics, drones, surveillance and more.

Why it matters: This collaboration represents Innoviz’s first distribution agreement in Europe and supports the company’s growth as a global leader in high-performance LiDAR technology. The European non-automotive LiDAR market is expected to grow at a compound annual growth rate of approximately 25% over the next six years, reaching nearly $2 billion USD by 2029. The partnership with General Laser enables Innoviz to make its full portfolio of high-performing LiDAR products available to a wider customer base and meet the growing demand for LiDAR solutions in Europe.

Key points:

  • General Laser will utilize its network of over 70 resellers and direct relationships with customers across Europe to accelerate the adoption of Innoviz’s LiDAR solutions in the European market.
  • Innoviz’s ecosystem of more than 30 partners and distributors across North America, Asia-Pacific, Europe, the Middle East and Africa will be supported by this new partnership.
  • The partnership allows Innoviz to make its full portfolio of high-performing LiDAR products available to customers, including its first and second generation sensors, InnovizOne and InnovizTwo, and its newest spinning sensor, Innoviz360, announced earlier this year.
  • The European non-automotive LiDAR market is expected to reach nearly $2 billion USD by 2029.

Bottom line: Innoviz Technologies’ collaboration with General Laser to accelerate the adoption of LiDAR solutions in Europe represents an important milestone in Innoviz’s global growth strategy. The partnership enables Innoviz to make its high-performance LiDAR products available to a wider customer base in Europe and positions the company to meet the growing demand for LiDAR solutions in the region.

Source

Self Drive News
Self Drive News

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