The implementation of L3 car regulations opens up a new space for lidar, and further iterations will reduce costs in the future.

Intelligence redefines cars and opens up a "new track." From the perspective of the entire vehicle, intelligent products bring about differences in car positioning. From the perspective of car companies, new products are brand DNA, and intelligent new products create "hard barriers" to competition among car companies. In the long run, as the car serves as a new super terminal, intelligent products may penetrate into all life scenes and give birth to "new species".

The core of intelligence is urban NOA, and the core of urban NOA is lidar. The implementation of urban NOA brings about the C-side experience gap of high-end autonomous driving. LiDAR has high resolution and long range, which lowers the threshold for intelligent driving. Assisted driving has advanced to intelligent driving, and it is difficult for urban NOA to break away from lidar to solve the long tail effect problem. The launch of L3 car regulations opens up a new space for lidar, and further iterations will reduce costs in the future. The launch of L3 car regulations is imminent, and the watershed in the value of lidar has arrived. Judging from the comparison of track growth rates, the lidar market has the fastest growth rate . The CAGR of lidar from 2022 to 2030 can reach 78.8%.