There is no reason that it shouldn't be able too. They aren't using wood or any other unique or exotic material, the tech is pretty tried and true. Nic vapers have been using Ti mesh for decades...literally. It maybe new for yll but not for the industry.
At $150 I think they should be able to compete, that's roffu territory. Beyond the roffu I can't think of many "good" on demand vapes that arnt approaching $300+ ie. TM2(350), fw9 (265 for 1 method, 300 for both) bolee 2(425), bakx(375++), solo3(275+375) I'm sure there are others, but Im mainly talking about ones that can be gotten today.
There is definitely space in the market for a sub $200 on demand vape that rips.
I think there are a couple things to go with that. Loading method is huge in my eyes. When I'm using an on demand device it's usually because I just want to get 3-4 great rips quickly, discreetly, and tasty. I don't wanna have to mess around with packing a bowl of something that is finicky, messy, sticky, and hot. I like to touch my herb as little as possible and use a spoon when at home, so when I'm out and about I want something that is either self contained or dead easy like the straw method used by the TM2. I don't know what the Aerolite method will be but I hope it's a good one. They seem to most other boxes for on demand devices go.
I Have a 100 watt Angus, An Angus enhanced, and the yll 2.0 IH so it's safe to say ill be getting the Aerolite when it comes out.