FIRST LIDAR PRE-PROCESSING SOFTWARE ENGINE..
ITS WORLD CONGRESS:
OUTSIGHT INTRODUCES THE FIRST LIDAR PRE-PROCESSING SOFTWARE ENGINE for ITS APPLICATIONS
The easiest way to use LiDAR for ITS applications: from vehicles counting and illegal parking to smart traffic lights and predicted trajectories
Demos will be taking place at Hall B7, Booth 342
● LiDAR technology is a strong emerging trend in the Computer Vision landscape: over $3 billion USD have been invested in the Hardware aspect of LiDAR technology since 2019 and only the top five American LiDAR Hardware Manufacturers are expected to grow from less than $150 million USD sales in total in 2020 to over $4 billion USD in 2024.
● ITS and Smart Infrastructure applications are considered as main drivers of market growth. However, effectively using LiDAR data in real-time for these applications is a complex, expensive and long endeavor even for the best 3D expert engineers. Assessing and selecting the right hardware among the profusion of dozens of manufacturers without any standard makes it even more challenging and threatens to slow down market adoption.
● In that context, software for LiDAR in Smart Infrastructure and ITS applications is expected to account for at least 40% of the value and over 55% of gross profit in the LiDAR space: integrators and ITS solution providers that are not 3D experts require a processing solution that solves the complexity of using LiDAR data regardless of the hardware supplier.
Hamburg, October 4, 2021 – Outsight, the pioneer of 3D Spatial Intelligence solutions, announced today an ITS specific version of its award-winning flagship product: the Augmented LiDAR Box (ALB). It’s the first real-time LiDAR Software Engine that allows ITS and Smart Infrastructure application developers and integrators to seamlessly use LiDAR data from any hardware supplier – thanks to a solution that comes in a shape of a small computing device. Created as a turnkey solution, the ALB enables leveraging 3D Spatial Intelligence’s unique value while avoiding the complexity of processing 3D data in real-time. Being a LiDAR-agnostic solution, it saves companies the hassle of assessing and choosing the most appropriate LiDAR for each use case. LiDAR can now be easily used in Vehicle counting, Pedestrian monitoring and many other use cases. LiDAR can now be easily used by everyone!
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