BOSTON–(BUSINESS WIRE)–On August 2nd, 2002, CARIAD, the software division of the Volkswagen Group, announced it selected Innoviz and its InnovizTwo sensor to be its LiDAR of choice for ADAS (Advanced Driver Assistance Systems) and autonomous driving, in a deal worth $4 billion over 8-10 years. Therefore, Strategy Analytics, in its first market share estimates on automotive high-resolution LiDAR sensors, predicts that Innoviz will become a market leader when the first deployments are made by Volkswagen in the mid-2020s. The Autonomous Vehicle Service (AVS) service has published the report, Innoviz-Volkswagen CARIAD Deal: Second Wave of High-Resolution LiDAR Deployments, which explains the reasons behind this.

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