Yole Group's latest industry report: Hesai wins multiple global firsts in automotive LiDAR

Recently, Yole Intelligence, a world-renowned market research and strategic consulting company under Yole Group, released the "2022 Automotive and Industrial LiDAR Report" (hereinafter referred to as the "Report"). The "Report" counts the share of LiDAR R&D manufacturers, including more than a dozen leading companies in the world, in the automotive and industrial market applications.

The report points out that with the strong rise of China's intelligent driving industry, Chinese manufacturers represented by Hesai have become important players in the global automotive lidar market.

"Among many manufacturers, Hesai Technology has won multiple "global firsts" with its strong strength," said Pierrick Boulay, senior technology and market analyst at Yole Intelligence in the report.

The number of ADAS pre-installation mass production sites ranked first in the world

The report shows that in the field of mass-produced passenger cars, LiDAR is accelerating its large-scale "entry into vehicles". At present, Chinese LiDAR suppliers account for 50% of the number of advanced driver assistance (ADAS) pre-installed points worldwide. This is because Chinese LiDAR manufacturers have established a close cooperative relationship with OEMs, pushing the Chinese smart electric vehicle market into the fast lane of development.

From the perspective of OEM mass production suppliers, Hesai has won 27% of the global OEM orders so far, ranking first in the world. Hesai's automotive-grade semi-solid-state long-range LiDAR AT128, which is specially designed for ADAS OEM mass production vehicles, has won the favor of many leading automakers since its release. Official orders include many models of top auto brands such as Ideal, Jidu, HiPhi, and Lotus, and large-scale mass production and delivery have begun this year.

In addition, Yole Intelligence predicts that more than 200,000 lidars will be delivered to vehicles in 2022, of which 20% will come from Hesai, second only to Valeo.

L4 autonomous driving LiDAR market share ranks first in the world, far exceeding the second place Waymo

The report points out that in 2021, the market size of LiDAR in the field of L4 autonomous driving reached US$120 million, an increase of 11% compared with 2020. LiDAR was first deployed in autonomous driving companies in China and the United States, among which Hesai accounted for 58% of the L4 autonomous driving market revenue, leading the market with an absolute advantage, ranking first in the world, more than twice the share of the second-ranked Waymo.

The report shows that Hesai's high-performance lidar products have covered almost all leading L4 autonomous driving companies at home and abroad, including Cruise, Zoox, Nuro, TuSimple, etc., as well as domestic Baidu Apollo, Meituan driverless cars, WeRide, AutoX, Pony.ai, etc. In 2021, 12 of the 15 highest-ranked autonomous driving companies in California DMV road tests used Hesai's products as their main lidar solution. The latest data from Yole once again confirms Hesai's leadership in the field of autonomous driving lidar.

Total revenue ranks first in the world in the field of automotive LiDAR

According to the 2021 autonomous driving road test report released by the California Department of Motor Vehicles (DMV); Main LiDAR: The supplier with the largest amount of LiDAR purchases in the current fleets of these 12 autonomous driving companies.

"The lidar market size in the automotive and industrial fields reached US$2.1 billion in 2021, an increase of 18% over 2020," said Alexis Debray, senior technology and market analyst at Yole Intelligence. "Overall, the leading lidar manufacturers achieved significant revenue growth in 2021."

It is worth noting that the top five companies in terms of total revenue are all lidar suppliers in the industrial and surveying fields; and in the field of automotive lidar, Hesai Technology is the world's number one lidar company in terms of total revenue.

Self-developed chip technology and self-built production lines have always been two important sustainable development strategies of Hesai. Chip technology solves the problem of large size and high cost of traditional high-performance LiDARs, and can put LiDARs on the track of "Moore's Law", and will continue to increase capacity and reduce costs in the future. Self-built production lines ensure rapid product iteration and large-scale delivery capabilities, providing strong support for large-scale delivery of pre-installed mass production points.

In addition, Yole Intelligence also pointed out in the report that the application scale of LiDAR will continue to expand, and the LiDAR products currently on the market still have room for improvement in performance and cost. However, with the emergence and application of new technologies, such as VCSEL, SiPM and SPAD semiconductor technologies and the development of LiDAR-specific chips, LiDAR will be able to accelerate its entry into the era of large-scale mass production.

References:

https://www.yolegroup.com/press-release/china-is-leading-the-automotive-lidar-market/

https://www.yolegroup.com/product/report/lidar---market--technology-trends-2022/

About Yole Group

Yole Group has grown into a widely recognized international company in the semiconductor, photonics and electronics industries, focusing on providing strategic analysis of markets, technology developments and supply chains to major players in these industries.

The Group, together with its three subsidiaries Yole Intelligence, Yole SystemPlus and PISÉO, jointly publishes various reports on market, technology, reverse engineering and cost analysis, and provides consulting services in strategic marketing and technical research. The Yole Group's financial department also provides due diligence assistance services and assists companies in the industry with mergers and acquisitions.

Benefiting from a global sales network, Yole currently has more than 180 employees.

For more details, please visit the official website: www.yolegroup.com

About Hesai Technology

Founded in Shanghai, China in 2014, Hesai Technology is committed to being the "eyes of robots" and is a global leader in autonomous driving and advanced driver assistance (ADAS) LiDAR. Hesai has outstanding R&D capabilities and deep technical accumulation in core LiDAR fields such as optics, mechanics, electronics, and software. It has hundreds of patents worldwide, and its self-developed chips, functional safety, active anti-interference and other technologies have broken many industry records. At the same time, Hesai has strong automotive-grade large-scale production capabilities, and the "Maxwell" Super Intelligent Manufacturing Center with an annual production capacity of one million units will be completed by the end of 2022. Hesai's customers include mainstream global autonomous driving companies and top automobile manufacturers, Tier 1 suppliers, robotics companies, etc., covering 40 countries and more than 90 cities around the world. Hesai's vision is to empower robots with high-performance, high-reliability, and low-cost three-dimensional sensors to make human life more efficient and comfortable.