Lidar sensor supplier Innoviz Technologies Ltd. has signed an agreement to deploy a lidar-based bridge collision detection system on highways, tunnels and bridges across Israel.
Innoviz, which is based in Tel Aviv, is working with Drive Group on the collision system after testing other on- and off-highway solutions. After conferring with customers, it was decided they needed a lidar-based, technology-driven solution to solve common traffic issues.
According to Innoviz data, about 15,000 bridge and tunnel collisions occur in the U.S. annually. This results in about $18,000 per accident in damage, or about $270 million annually. With smart cities and connected infrastructure on the rise, this type of system could represent a potentially sizable opportunity, the company said.