A vehicular driving assist system includes a plurality of lidar sensors having respective fields of sensing exterior the vehicle. The lidar sensors emit light pulsed at a respective pulse rate and provide a respective output to an electronic control unit based on sensed light that is reflected by objects present in the field of sensing of the respective lidar sensor. The pulse rates of light emitted by the lidar sensors are different. The vehicular driving assist system, via processing at the ECU of the outputs from the lidar sensors, generates a three dimensional (3D) point cloud. The vehicular driving assist system controls the vehicle based at least in part on light sensed by the lidar sensors that is reflected by the objects when light is emitted by the lidar sensors at the respective pulse rates.