Smart infrastructure project awards increased nearly 95% over 2021
Ouster, Inc. (NYSE: OUST)(“Ouster” or “the Company”), a leading provider of high-performance lidar sensors, announced that overall demand for smart infrastructure programs in 2022 totaled over 3,500 OS sensors spanning the intelligent transportation systems, crowd analytics, and security submarkets. Ouster was selected for over 210 smart infrastructure projects in 2022, up nearly 95% over 2021.
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Ouster OS and Velodyne lidar sensors mounted at a traffic pole in Colorado. (Photo: Business Wire)
The launch of Ouster’s new REV7 OS sensors and early traction with Ouster Gemini, its cloud-backed digital lidar perception platform for smart infrastructure applications, contributed to additional deal wins in the fourth quarter of 2022. Projects within intelligent transportation systems represented the majority of deal wins in the smart infrastructure vertical in 2022. Ouster also expanded its partner ecosystem to more than 30 active software integrators and solution providers across major markets.
“Ouster saw significant growth in 2022 across each of our smart infrastructure submarkets, signaling the continued ramp in lidar demand. We’ve been able to capture incremental market share with pilot programs that have the potential to evolve into significantly larger deployments, while also expanding existing project deployments from the year prior,” said Itai Dadon, Ouster’s VP of Smart Infrastructure. “Ouster’s new software offerings, Ouster Gemini and BlueCity, coupled with the dramatic performance gains of its REV7 sensors, are expected to drive accelerated growth within the smart infrastructure vertical in 2023.”
The market for lidar across smart infrastructure applications is vast and growing, driven in part by government initiatives to build safer, more sustainable cities by modernizing public infrastructure and transportation systems; as well as emerging opportunities for lidar in security and crowd analytics to enhance guest experiences, boost revenue, and simplify operations. With millions of signalized intersections around the world and the global market for end-system security cameras already estimated at $32 billion1, there is a multibillion-dollar market opportunity for lidar in smart infrastructure.
Software Solutions for Smart Infrastructure: Ouster Gemini and BlueCity
The introduction of Ouster’s software solutions business also contributed to demand for lidar sensors within the smart infrastructure vertical in 2022, and is expected to drive meaningful new business in 2023. Ouster provided early access to Ouster Gemini in the second half of 2022, closing deals with more than 10 companies before broadly releasing the software in January 2023. The Ouster Gemini perception platform offers the ability to detect, classify, and track moving objects in real-time using the 3D data from a single or multiple fused Ouster sensors.
In addition to Ouster Gemini, the Company offers BlueCity software, a turnkey lidar-based solution for intelligent transportation systems to improve traffic operations, planning and roadway safety through real-time traffic data and analytics. BlueCity had over 100 active deployments across 7 countries in 2022 to support transportation departments’ vision zero programs, traffic actuation, and build 3D digital twins with a real-time picture of traffic data.
Ouster (NYSE: OUST) is a leading global provider of high-resolution scanning and solid-state digital lidar sensors, Velodyne Lidar sensors, and software solutions for the automotive, industrial, robotics, and smart infrastructure industries. Ouster is on a mission to build a safer and more sustainable future by offering affordable, high-performance sensors that drive mass adoption across a wide variety of applications. With a global team and high-volume manufacturing, Ouster supports over 850 customers in over 50 countries. Ouster is headquartered in San Francisco, CA with offices in the Americas, Europe, Asia-Pacific, and the Middle East. For more information, visit www.ouster.com, or connect with us on Twitter or LinkedIn.
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1 Imaging for Security 2022, Market & Technology Report (pg. 13), YOLE Développement. Note: Given that lidar can replace or augment security cameras, Ouster assumes a similar market opportunity lidar.
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