I think the way to look at it is that this approach presents a whole new way to use LIDAR. That "puck" has a range of 100m, weighs a pound and is designed to spin through 360 degrees. The LIDAR-on-a-chip shown here has a range of 2m (potential to 10), weighs effectively nothing and has a FOV of 50 degrees. It also needs a laser and some collectors so it's not a complete system but obviously yeah, it's hella cheaper.
My guesstimate is that for navigation you're still gonna want Mr. Spinny Turret or an iteration thereof. But this application of LIDAR would actually allow you to put a couple on your waldoes for manufacturing manipulation and stuff.