Chinese manufacturers have captured 84% of the global automotive LiDAR market! Hesai ranks first, Huawei ranks fifth!

In 2021, Valeo launched its second-generation lidar, which was installed on the Mercedes-Benz S-Class. Later, at the 2022 CES, Valeo released the third-generation SCALA lidar. As of March 2023, the third-generation SCALA lidar has been selected by Stellantis, a leading Asian manufacturer, and a leading American self-driving taxi company. As of September 2023, the SCALA series radars will be installed in nearly 200,000 vehicles. Other information shows that Valeo's current SCALA lidar shipments are mainly concentrated in high-end cars from Kia and Hyundai.

Huawei

Huawei will enter the top five of the global automotive LiDAR market in 2023 for the first time with a market share of 6%, while in 2022, Yole believes that its market share is approximately equal to 0. It can be seen that in 2023, Huawei's automotive LiDAR shipments and revenues have increased several times year-on-year.

According to data, Huawei had begun developing LiDAR products as early as 2016 and entered the automotive field in 2018. On December 21, 2020, Huawei officially released a mass-produced automotive-grade front-mounted LiDAR, which is an automotive-grade 96-line medium- and long-range LiDAR solution with a 120°×25° wide field of view and a full-field ranging of up to 150 meters. It was first launched by ARCFOX, a high-end new energy brand under BAIC New Energy .

Since then, Huawei's automotive LiDAR products have entered high-end models of brands such as Wenjie, Avita, Jihu, Zhijie, and Nezha, but the overall shipment volume is relatively limited. It was not until 2023 that the sales of the Wenjie series models promoted by Huawei and Seres exploded, and the shipment volume of Huawei's automotive LiDAR products also began to explode.

According to official data, AI TO Wenjie Automobile's cumulative sales in 2023 were 106,703 units, and the cumulative delivery volume was 94,380 units. Jin Yuzhi, CEO of Huawei's Intelligent Vehicle Solutions BU, previously stated that 70% of Wenjie users chose Huawei's advanced intelligent driving package. That is to say, at least 70,000 Wenjie users chose Huawei's advanced intelligent driving version, and most of these models are equipped with laser radar.

It is worth noting that on December 26, 2023, Huawei released its self-developed new generation 192-line laser radar at the M9 launch conference. It has an imaging capability of 1.84 million points per second, a vertical resolution of 0.1°, a radar scanning frequency of 20Hz, and an ultra-long-range accurate recognition capability of 250 meters.

In addition to the in-depth cooperation with Seres, Huawei has also cooperated deeply with Chery and BAIC, launching Hongmeng intelligent travel brands such as Zhijie and Xiangjie, and launched a number of cooperative models, covering the 200,000-600,000 yuan new energy vehicle market. In addition, Huawei also plans to launch a million-level model with JAC to compete with Maybach.

According to the latest data released by Huawei, in the first half of 2024, the Hongmeng Intelligent Driving system has delivered a total of 194,207 vehicles, which means that in half a year, it has achieved a delivery volume that exceeds the full year of last year. This also means that Huawei's LiDAR shipments are expected to double this year. According to data from Gasgoo Automotive Research Institute, in the first quarter of 2024, Huawei's LiDAR accounted for 18.6% of the market share with 41,800 sets of units, ranking second in the domestic market.

Lanwo

Livox Technologies is a subsidiary of DJI Innovations. It was founded in 2016 and is committed to providing high-performance, low-cost LiDAR sensors. Its products are used in industries such as autonomous driving, smart cities , surveying and mapping, and mobile robots. Currently, Livox's LiDAR products have been sold to 26 countries and regions including the United States, Canada, China, Japan, and the European Union.

According to public information, Lanvo Technology's current LiDAR products are mainly used in industries such as industry and robotics. Its main automotive customer is Xiaopeng, and its first automotive LiDAR product has been used in Xiaopeng P5. At the same time, Lanvo Technology is also a LiDAR supplier for Fiat Chrysler Group, and its latest LiDAR product Tailan-15 is also expected to be adopted by Fiat Chrysler Group's driverless cars. In addition, among the partners displayed on the official website, Dongfeng Motor, FAW, Yutong Bus, and TuSimple are also Lanvo Technology's customers.

summary:

In general, in the current global automotive LiDAR market, Chinese manufacturers occupy a dominant position in terms of both market share and shipments. For example, in terms of sales share, Chinese manufacturers accounted for 84% of the global market in 2023. If the shipments are counted, the market share of Chinese manufacturers may be even higher. After all, compared with overseas LiDAR products, Chinese radar products are more cost-effective. This is also due to the rapid growth of China's smart car market in recent years .

Yole Group also stated in the report that since 2018, nearly 200 design success cases have been noted, of which 124 are scheduled to be commercialized in 2024 or shortly thereafter. It is worth noting that nearly 90% of them are from Chinese automotive OEMs, who are actively promoting the integration of lidar into their vehicles. Unlike European and American automakers, which mainly limit lidar to the high-end F-class market segment, Chinese automotive OEMs are incorporating lidar into the more affordable D-class market segment. It is worth noting that in 2023, the first C-class car equipped with lidar was launched. These cars are much cheaper than F-class cars, which has led to an increase in the production of cars equipped with lidar, which has driven a significant drop in the price of lidar technology.

Yole Group System Teardown Senior analyst Benjamin Pussat pointed out that "the fast-growing lidar market is an opportunity for chip manufacturers , as most chip suppliers are non-Chinese brands and should benefit from it." However, he also said that some key lidar chips are also developed by Chinese lidar manufacturers. "Because mass production allows lidar manufacturers to design their own chips (ASIC) to replace expensive chips. This also reduces the dependence of Chinese manufacturers on foreign chip manufacturers."