The high cost of the LIDAR technology is one of the main barriers to adoption. The technology can be used for fields such as agriculture only if the price comes down.
As mentioned in Moore’s Law, the price of the optical chip will eventually go down. In the article, Itzler also noted that “the first optical receiver [using indium gallium arsenide] for high-speed telecom networks was $5,000 – and today it costs $10.”
Do not forget, it is still new technology that is constantly experimented with and is improved. There is not a lot of confidence of technology at this stage in time. Moreover, the data that needs to be processed for LiDAR to function is complex, hard to understand and is not yet something familiar in the technology sector.
As mentioned in Moore’s Law, the price of the optical chip will eventually go down. In the article, Itzler also noted that “the first optical receiver [using indium gallium arsenide] for high-speed telecom networks was $5,000 – and today it costs $10.”
Do not forget, it is still new technology that is constantly experimented with and is improved. There is not a lot of confidence of technology at this stage in time. Moreover, the data that needs to be processed for LiDAR to function is complex, hard to understand and is not yet something familiar in the technology sector.