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.
7. Aeva Technologies Inc. (NASDAQ:AEVA)
Number of Hedge Fund Holders: 19
Aeva Technologies Inc. (NASDAQ:AEVA) is one of the best lidar stocks to buy right now. On September 10, the company unveiled a high-precision non-contact motion sensor dubbed Aeva Eve 1V. The sensor leverages Frequency Modulated Continuous Wave sensing technology, making it highly suitable for industrial applications.
Consequently, it can be used to measure lateral velocity, length, movement direction, and position of moving materials. Aeva expects the motion sensor to find use in packaging, printing, construction materials, and extrusion lines. That’s because it can be used to measure both continuous materials and discrete goods with sub-millimeter per second accuracy.
“By combining non-contact FMCW laser measurement with our proven performance in velocity and position sensing, Eve 1V empowers manufacturers to measure faster, more accurately, and without maintenance down-time,” said Mina Rezk, Cofounder and CTO at Aeva.
The sensor features a Class 1 eye-safe laser, making it highly effective for replacing traditional tactile measuring wheels and laser velocimeters. It can also be used to eliminate slippage errors common with wheel encoders.
Aeva Technologies Inc. (NASDAQ:AEVA) develops and manufactures 4D lidar sensors and perception software for autonomous systems, including self-driving cars, industrial automation, and robotics. Its frequency modulated continuous wave (FMCW) technology allows sensors to detect both the velocity and range of objects simultaneously, a feature unique to their system.
6. Hesai Group (NASDAQ:HSAI)
Number of Hedge Fund Holders: 22
Hesai Group (NASDAQ:HSAI) is one of the best lidar stocks to buy right now. On September 15, the global leader in lidar solutions for autonomous mobility announced the expansion of its production agreement with a leading robotaxi company in the US.
Valued at over $40 million, the new deal encompasses deliveries scheduled to be completed by the end of 2026. The company supplies long-range and short-range lidar, affirming its role as a trusted partner in powering next-generation autonomous cars.
The lidar supply agreement comes as Hesai commands about 61% of the global L4 autonomous driving lidar market share. As the robotaxi market segment continues to expand, Hesai Group is well-positioned to capitalize on emerging opportunities.
“This expanded agreement demonstrates the confidence leading robotaxi companies place in Hesai’s technology, combining performance, high reliability, and scalable manufacturing,” said David Li, Cofounder and CEO of Hesai. “As the industry moves from pilots to scaled deployments, Hesai is proud to deliver lidar solutions that meet the highest standards of quality while enabling safe and reliable driverless mobility at scale.”
Hesai Group (NASDAQ:HSAI) designs and manufactures high-performance lidar sensors for applications in autonomous driving, advanced driver-assistance systems (ADAS), and robotics. The company integrates in-house manufacturing with its research and development to produce high-quality lidar solutions for vehicles, last-mile delivery robots, and industrial robots.
5. Allegro MicroSystems, Inc. (NASDAQ:ALGM)
Number of Hedge Fund Holders: 22
Allegro MicroSystems Inc. (NASDAQ:ALGM) is one of the best lidar stocks to buy right now. On September 5, analysts at Bank of America reiterated a ‘Buy’ rating on the stock. However, they cut the price target to $38 from $45.
The price target cut comes amid growing concerns that the company, like other analog and automotive semiconductor companies, faces a weaker-than-expected recovery path amid a volatile macroeconomic backdrop. The research firm also raised concerns about slowing demand in the sector, which has been worsened by rising competition.
Bank of America has already slashed its revenue forecast for the auto semiconductor sector. While it expects sales to increase by 2.2% between 2025 and 2027, it projects $50 billion in sales for next year, representing a 7% decline from the current year.
“A lumpy recovery path for analog semi vendors” is being complicated by tariff uncertainties and intensified competition in China, analysts led by Vivek Arya said in a note.
Allegro MicroSystems Inc. (NASDAQ:ALGM) develops and supplies critical semiconductor-based components and systems for lidar through its 2020 acquisition of Voxtel, a lidar system developer. Its products include eye-safe Indium Gallium Arsenide (InGaAs) photodetectors and silicon-based devices that enable long-range, high-resolution 1D, 2D, and FLASH Lidar for the automotive industry.
4. Ouster, Inc. (NASDAQ:OUST)
Number of Hedge Fund Holders: 23
Ouster, Inc. (NASDAQ:OUST) is one of the best lidar stocks to buy right now. On September 15, the lidar sensor manufacturer entered into a strategic partnership with Constellis, a security services company. The two are joining forces to integrate Ouster’s Gemini technology into Constellis’ LEXSO platform.
Under the terms of the agreement, Ouster’s digital lidar sensors and AI software are to serve as the foundational intelligence layer for LEXSO Constellis’ operational intelligence platform. The platform stands out in combining multiple sensing technologies, including lidar, radar, thermal imaging, acoustic detection, and video analytics.
“Constellis’ deep operational expertise, network, and reputation make them an invaluable partner in deploying Ouster Gemini for critical and large-scale security operations,” said Ouster CEO Angus Pacala.
Ouster and its strategic partner aim to provide advanced 3D situational awareness across challenging weather and lighting conditions by integrating the two systems.
Ouster, Inc. (NASDAQ:OUST) designs and manufactures high-resolution digital lidar sensors and software for applications in the automotive, industrial, robotics, and smart infrastructure sectors. Its technology provides high-performance 3D perception data, enhancing safety, efficiency, and sustainability in various automated systems.
3. Mobileye Global Inc. (NASDAQ:MBLY)
Number of Hedge Fund Holders: 26
Mobileye N.V. (NASDAQ:MBLY) is one of the best lidar stocks to buy right now. On September 4, Deutsche Bank reiterated a ‘Buy’ rating on the stock and a $16 price target. The positive stance echoes the research firm’s confidence in the company’s long-term prospects, as demonstrated by the production of vehicles equipped with the EyeQ6 high-based SuperVision system.
The investment bank expects the launch of the EyeQ6 High-based Supervision system to strengthen the company’s prospects and sentiments in the market. The announcement of a new OEM design and updates on robotaxi efforts are other factors that the research firm expects to bolster the company’s long-term prospects.
The remarks come on the heels of Mobileye delivering solid second-quarter results, whereby revenue totaled $506 million, beating consensus estimates of $486 million. The company has revised its fiscal 2025 revenue forecast upward to $1.79 billion, compared to the previous estimate of $1.75 billion, reflecting an expected 8% growth from the prior year.
Mobileye Global Inc. (NASDAQ:MBLY) develops and implements lidar technology as a critical component of its “True Redundancy” sensing system for autonomous vehicles, creating a parallel, independent model of the environment to complement its camera and radar systems, thereby enhancing safety and robustness.
2. Trimble Inc. (NASDAQ:TRMB)
Number of Hedge Fund Holders: 45
Trimble Inc. (NASDAQ:TRMB) is one of the best lidar stocks to buy right now. On September 9, the company confirmed the addition of Martin Equipment as a new member of the Trimble Technology outlet.
The strategic deal opens the door for Martin Equipment to sell Trimble grade control site positioning systems and correction services technology directly to customers. The Trimble distribution channel has been expanded to include authorized resellers from a wide range of manufacturers, making it simpler for users of various machine types to buy, install, and use Trimble technology for increased worksite productivity and profitability.
“Our goal with every new Trimble Technology Outlet is to make it as easy as possible for contractors using various types of equipment to connect their digital and physical worlds and increase jobsite productivity and profitability through the use of Trimble technology. We look forward to working with Martin to make this vision a reality for their customers,” said Ron Bisio, senior vice president, field systems at Trimble.
Trimble Inc. (NASDAQ:TRMB) develops and integrates lidar technology into its hardware and software solutions, creating systems for mobile mapping, terrestrial scanning, and in-field augmented reality (AR) visualization.
1. Teledyne Technologies Inc. (NYSE:TDY)
Number of Hedge Fund Holders: 51
Teledyne Technologies Inc. (NYSE:TDY) is one of the best lidar stocks to buy right now. On September 9, the company’s defense unit, Teledyne FLIR Defense, unveiled its Skycarrier autonomous drone launch and recovery platform at the DSEI defense exhibition in London.
The system is designed to enable the autonomous deployment of quadcopter drones from moving vehicles, ships, or fixed locations. It features a ruggedized container that protects drones when closed and utilizes near-infrared landing beacons and QR codes for navigation.
“SkyCarrier represents a major leap forward in autonomous drone operations,” said Dr. JihFen Lei, president of Teledyne FLIR Defense. “Its ability to launch, recover, and manage drones from moving platforms – without GPS or constant operator control – makes it a game-changer for missions ranging from battlefield surveillance and disaster response to critical infrastructure protection.”
Teledyne FLIR has already tested the drone launch and recovery platform on maritime vessels, including fast attack boats and inflatable boats.
Teledyne Technologies Inc. (NYSE:TDY), through Teledyne OPTECH, develops and supplies a range of Lidar systems for geospatial, surveying, and mapping, defense, and energy applications. It also provides hardware, such as lidar sensors, and integrated solutions that include cameras and software.
While we acknowledge the potential of TDY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TDY and that has 100x upside potential, check out our report about this cheapest AI stock.
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