MicroVision, Inc
MicroVision, Inc. develops lidar-based perception solutions that combine hardware, software, and edge computing for automotive and adjacent industrial markets. The company is focused on enabling ADAS, autonomy, active safety, and automation use cases with short- and long-range sensors designed for automotive-grade reliability and cost efficiency.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueSolid-state short- and long-range lidar hardware used for perception in vehicles and machines.
Application and open software that processes sensor data for ADAS and autonomy functions.
Combined hardware-software offerings tailored to customer platforms and deployment needs.
Customer-specific development, integration, and commercialization support for lidar programs.
Customers
MicroVision sells to automotive OEMs and suppliers, but its disclosed revenue concentration shows that near-term sales can also come from industrial customers such as agricultural equipment manufacturers. The company is also pursuing robotics, warehouse automation, mining, military, and security & defense customers, where adoption is still early and often tied to testing and development programs.
Buy lidar sensors and perception software for ADAS and autonomy programs, typically requiring automotive-grade reliability and cost targets.
Buy perception solutions for robotics, warehouse automation, agriculture, and mining applications where automation and safety are key.
Buy sensing and perception systems for military and security applications that need robust, secure, low-power operation.
Buy integrated lidar-based systems for active safety and automation in commercial vehicle platforms.
Evaluate the technology in testing and pilot programs before committing to commercialization or volume production.
Strategy
MicroVision is trying to convert its lidar and perception stack into commercial design wins across automotive and adjacent industrial markets. The strategy emphasizes design-to-cost engineering, automotive-grade reliability, and expansion into new end markets where the company believes its software and sensor architecture can be reused.
Automotive programs can create large, durable revenue streams if the technology is designed into production vehicles.
Adjacent markets can diversify revenue and reduce dependence on automotive adoption cycles.
Commercial adoption depends on meeting customer price, size, and energy constraints at scale.
Geography
2025MicroVision is headquartered in the United States and has engineering teams in Redmond, Washington and Hamburg, Germany. Its business is global in addressable market terms, but the company’s operating footprint is concentrated in the U.S. and Germany, which matters because product development, customer support, and supply-chain coordination are tied to those locations.
Share of the revenue the company reports by geography.
Risks
The company depends on emerging lidar markets that may adopt more slowly than expected, which can delay revenue and leave inventory and capacity planning exposed. It also faces customer concentration, supplier concentration, and commercialization risk because many target customers are still testing solutions rather than buying at scale.
- Customer concentrationImpact: HighLikelihood: High
A small number of customers accounted for most revenue in recent periods, making results volatile.
Exposure: Automotive supplier and agricultural equipment customer relationships
- Supply-chain and single-source dependencyImpact: HighLikelihood: Medium
The company relies on limited-source suppliers, contract manufacturers, and foundry partners.
Exposure: Component sourcing and manufacturing capacity
- Emerging-market adoption riskImpact: High
The company sells into new lidar and perception markets where demand, pricing, and timing are hard to predict.
Exposure - Product reliability and liabilityImpact: MediumLikelihood: Medium
Hardware/software defects could reduce adoption, trigger warranty or liability claims, and damage customer trust.
Exposure: Lidar sensors and perception software
Accounting
Judgemental itemsSmall, concentrated customer orders can cause large quarter-to-quarter swings in reported revenue.
Impact: Affects comparability and trend analysis
The company recorded impairment on MOSAIK software, showing that future cash-flow assumptions can change asset values.
Impact: Can create material non-cash charges
Valuation of derivative instruments depends on market inputs and assumptions.
Impact: Can cause earnings volatility
If demand or design wins do not materialize, inventory may need write-downs.
Impact: Can affect gross margin and operating results
Similar listed companies
Publicly listed companies with a comparable business focus.
Luminar Technologies, Inc.
Motor Vehicle Parts & Accessories
Luminar Technologies designs and sells LiDAR sensors and related autonomy hardware/software used to help vehicles perceive their surroundings.
Micron Technology, Inc
MU · Semiconductors & Related Devices
Micron Technology designs and manufactures memory and storage semiconductors, selling DRAM, NAND and NOR products under the Micron and Crucial brands.
Microchip Technology Incorporated
MCHP · Semiconductors & Related Devices
Microchip Technology designs, manufactures, and sells embedded control solutions that help customers add intelligence, connectivity, and security to electronic products.
Microvast Holdings, Inc.
MVST · Miscellaneous Electrical Machinery, Equipment & Supplies
Innoviz Technologies Ltd.
INVZ · Motor Vehicle Parts & Accessories
indie Semiconductor, Inc.
INDI · Semiconductors & Related Devices
Last updated: 24/09/2026