LiDAR sensors and GPS antennas are displayed on a fully autonomous Caterpillar Inc. 777 mining haul … [+] truck at the company’s booth during the Consumer Electronics Show (CES) in Las Vegas, Nevada, on January 5, 2023. (Photo by Patrick T. Fallon / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images) AFP via Getty Images Heading into 2023, LiDAR (Light Detection and Ranging – a 3D imaging technology) appeared to be struggling, given the delays in launching profitable autonomous vehicles and the ~80-90{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} drop in valuations of SPAC-funded (Special Purpose Acquisition Company) LiDAR companies. LiDAR pioneers were facing severe business hurdles. Some declared bankruptcy (Quanergy, Ibeo), shut down operations…