Autonomous vehicle (AV) designs vary in their reliance on LIDAR-based systems (e.g., Waymo, Cruise, Volvo), camera-based systems (such as Tesla Vision), and hybrid systems that combine LIDAR, cameras, and radar (e.g., Xpeng, Zoox). LIDAR provides precise 3D mapping, excelling in safety and adverse conditions, while Tesla's camera-based approach prioritizes cost and scalability but struggles with low-visibility scenarios. Hybrid systems strike a balance between safety and affordability, emerging as a future standard.
This report integrates specific safety metrics (e.g., Waymo's 92% reduction in injury claims, Tesla's 7.08 million miles per crash) and regulatory impacts (e.g., U.S. NHTSA guidelines, the EU's AV safety protocols). LIDAR leads in safety, hybrids show promise, and Tesla faces regulatory scrutiny due to crashes.
With the AV market projected to reach $557 billion by 2026, understanding these dynamics is critical for stakeholders.