In this article, we discuss the 9 Best Lidar Stocks to Buy Right Now.

Lidar (Light Detection and Ranging) is arguably one of the most underestimated technologies, given its significant impact in various sectors. From improving accuracy and reducing costs in mapping and surveying, the technology is increasingly being integrated into drones and autonomous vehicles. Likewise, increasing demand in the construction, agriculture, and transportation industries is fueling growth in the lidar market.

The lidar market, valued at $679.4 million, is growing at a compound annual growth rate of 23.9% (according to Grand View Research). Increased usage in the automotive sector is the biggest contributor to the underlying growth as lidar is finding use in advanced driver assistance systems and autonomous driving technologies.

The integration of lidar with artificial intelligence is a new trend in the pursuit of enhancing data analysis and providing valuable information for infrastructure and urban development projects. The demand for game-changing technology is expected to increase significantly as smart city initiatives gain momentum. The significance of lidar as a vital instrument for updating infrastructure and enhancing public safety through improved data collection and analysis capabilities is highlighted by this trend.

While the lidar industry is characterized by fierce competition and a limited number of players, it offers tremendous opportunities due to the technology’s widespread use across various sectors. Consequently, the best lidar stocks to buy right now are those of companies developing groundbreaking products that leverage AI and Lidar technology for use in enhancing autonomous driving, surveying, agriculture, and construction.

Our Methodology

To compile our list of the best lidar stocks to buy right now, we scanned for companies with significant exposure to Lidar technology. We defined exposure in terms of manufacturing Lidar products or components, developing Lidar-related solutions, or integrating Lidar tech into other products. We then settled on companies popular among elite hedge funds in Q2 2025. Finally, we ranked the stocks in ascending order based on the number of hedge funds that hold stakes in them.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

Best Lidar Stocks to Buy Right Now

9. MicroVision, Inc. (NASDAQ:MVIS)

Number of Hedge Fund Holders: 8

MicroVision, Inc. (NASDAQ:MVIS) is one of the best lidar stocks to buy right now. On September 4, the company confirmed that Glen W. DeVos will take over as the chief executive officer on September 30, 2025. He takes over with more than three decades of leadership experience in the automotive and industrial technology sectors.

The company plans to leverage DeVos’s extensive experience in developing and driving strategy, leading global organizations, and managing capital. Since taking over as Chief Technology Officer in 2025, DeVos has overseen the evolution of the company’s engineering operations toward productization and commercialization.

“As the company sharpens its strategic focus on delivering products and solutions to targeted industries, now is the right time for this leadership transition and Glen is the ideal leader to serve as our CEO. Glen’s extensive experience getting products to market and successfully anticipating industry challenges will help us efficiently execute our strategic plan,” said Bob Carlile, Chair of MicroVision’s Board of Directors.

MicroVision, Inc. (NASDAQ:MVIS) is a technology company that creates integrated hardware and software lidar systems, providing high-resolution 3D data for autonomous systems and advanced driver-assistance systems (ADAS). Its MAVIN lidar sensor captures detailed point cloud data, which their perception software then processes to identify and track objects, enabling safer navigation and operation in industries such as automotive, robotics, and logistics.

8. Innoviz Technologies Ltd. (NASDAQ:INVZ)

Number of Hedge Fund Holders: 11

Innoviz Technologies Ltd. (NASDAQ:INVZ) is one of the best lidar stocks to buy right now. On September 8, the developer and supplier of automotive-grade lidar sensor platforms received a significant boost on being selected by a major commercial vehicle manufacturer.

The company has been selected to supply lidar units for SAE Level 4 autonomous class-8 semi-trucks. Innoviz is to supply its InnovizTwo sensors for the manufacturer’s data collection trucking fleet. It is also tasked with developing software modifications to meet the OEM’s vehicle integration requirements.

“Winning this L4 program with a major and respected truck manufacturer is a milestone that reflects our ability to scale across sectors,” said Omer Keilaf, CEO and Cofounder of Innoviz Technologies.

Innoviz was selected because its lidar technology provides high-resolution sensing capabilities that help autonomous vehicles detect and respond to their surroundings. Analysts are already projecting a 129% revenue growth as a result of the contract, which could significantly impact its expansion plans.

Innoviz Technologies Ltd. (NASDAQ:INVZ) develops and manufactures high-performance, solid-state lidar sensors and perception software, primarily for the automotive and autonomous vehicle industries, as well as for other applications such as robotaxis, drone navigation, and intelligent traffic management. Its products, such as the InnovizTwo sensor, are designed to create detailed 3D maps of the environment, enabling safe autonomous driving.