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Sivers Semiconductors AB, based in Kista, Sweden, will supply lasers and optical amplifiers to a strategic LiDAR customer, with cumulative revenue potential ranging from $53 million to $138 million over the customer's product lifecycle. Production is expected to ramp up in Q4 2026 for automotive and industrial uses.

The global automotive LiDAR market is projected to grow from $861 million in 2024 to $3.8 billion by 2030, reflecting a CAGR of 28%. This partnership expands Sivers' photonics technologies into advanced LiDAR systems, indicating increased adoption in automotive, commercial, and industrial sectors.