- The National Highway Traffic Safety Administration estimated pedestrian crashes accounting for $112.5 billion in total societal impact in 2019
- According to Cepton, “Systems with lidar, camera & radar have been found to have the potential to prevent 98% of pedestrian fatalities”
- Cepton recently unveiled its new Vista(R)-X90 Plus lidar, the world’s smallest high-performance automotive lidar with software definable perception capabilities
Interest in autonomous driving is high, but most drivers still aren’t comfortable with the idea of operating without human involvement. The reason, as with many new technologies, boils down to understanding. The J.D. Power 2022 Mobility Confidence Index report made this clear, showing consumer’s lapse of understanding the difference between the terms assisted driving, drivers assistance, and semi-autonomous. The education process needs to be accelerated, as technology like Cepton (NASDAQ: CPTN) lidar (light detection and ranging) that is instrumental in assisted driving could play a role in reducing the number of accidents on roadways.
According to National Highway Traffic Safety Administration (“NHTSA”) estimates, 42,915 people died on American roads in 2021, the highest number in 16 years, while fatalities surged 10.5 percent over 2020, the largest year-over-year percentage increase in the history of the…
NOTE TO INVESTORS: The latest news and updates relating to CPTN are available in the company’s newsroom at https://ibn.fm/CPTN
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