China is leading the automotive LiDAR market
With the strong push by Chinese players eager to integrate innovative LiDAR technologies, the LiDAR automotive industry will reach US$2 billion in 2027.
- The LiDAR market for automotive and industrial applications is expected to reach $6.3 billion in 2027 with a 22% CAGR between 2022 – 2027.
- The automotive application is the major driver for this growth, with a $38 million market in 2021.
- The main players are those in the traditional topography and manufacturing segments. Newcomers in the top 15 include RoboSense, Hesai, Velodyne, and Ouster.
China has developed an impressive LiDAR industry. Yole Intelligence, part of Yole Group, has identified 15 LiDAR companies based in China. The move is not new, though, since Surestar was established in 2005 at the beginning of the 3D real-time LiDAR boom. Also, Chinese LiDAR companies are not small. The global top two 3D real-time LiDAR companies are now Chinese: Hesai and RoboSense.
In this context, Yole Intelligence, part of Yole Group, has developed comprehensive and in-depth LiDAR technology expertise. Throughout the year, analysts investigate this technology and related applications and deliver their analyses in an extensive collection of technology and market reports and teardowns… More information.
Yole Intelligence today offers a specific focus on the automotive and industrial market segments, with a dedicated report: LiDAR 2022 – Focus on Automotive and Industrial report. The aim of this report is to provide insights into the evolution of the technology, market trends, and competitive landscape. It includes a dedicated analysis of the Chinese ecosystem.
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Pierrick Boulay Senior Technology & Market Analyst at Yole IntelligenceThe Chinese LiDAR push is not limited to LiDAR companies. China has developed a significant, if not yet complete, LiDAR ecosystem. Among the various LiDAR companies, several provide components, design, and software.
As an example, Hitronics, with 1,700 employees, designs and manufactures optical components, optical systems, receivers, and lasers. In 2022, the company will offer auto-grade 1,550nm fiber lasers for LiDAR, with a manufacturing capacity of 250k units per year.
Another example of the Chinese LiDAR ecosystem is Liangdao. The company develops perception software for LiDAR and has also established LiDAR perception evaluation systems. It is now moving into the development of short-range flash LiDAR. The development of LiDAR perception software can require a team of 200 software engineers. OEMs are shifting from internal to external development for this software.
The Chinese ecosystem is not limited to components, design, or software but also involves LiDAR users. The Chinese car industry is developing new electric passenger cars with a lot of technology for autonomous driving, including LiDAR. Logistics, smart infrastructures, robotaxis, and delivery robots are also being developed intensively in China, creating a strong and diverse demand for LiDAR. In parallel, Chinese companies are increasing their development in topographic applications.
Finally, there is an important difference between Chinese and foreign LiDAR companies, which could be decisive in the transition to mass-volume production. Although foreign LiDAR companies rely on external manufacturing, RoboSense and Hesai have developed manufacturing capacities in which they will have more control in achieving large-volume production.
The LiDAR market for automotive and industrial applications is expected to reach $6.3B in 2027 from $2.1 billion in 2021, with a 22% CAGR between 2022 and 2027. The automotive market will be the primary driver for this growth. The automotive LiDAR market in 2027 is expected to reach $2.0 billion from $38 million in 2021. A total of 55 design wins have been announced since 2018. Robotic car applications will also drive the LiDAR market, with an expected value of $698 million in 2027, from $120 million in 2021.
Alexis Debray PhD. Technology & Market Analyst at Yole IntelligenceLiDAR growth will not be limited to automotive applications. Various projects for smart infrastructure are ongoing, including intersection monitoring and security. Therefore, the LiDAR market for smart infrastructure will reach $1.1 billion in 2027, from $108 million in 2021. Furthermore, the automation of the logistics chain is also pulling the LiDAR market. The logistics LiDAR market will reach $344 million in 2027, from $92million in 2021.
Yole Intelligence’s sensing & actuating team invites you to follow the LiDAR industry at www.yolegroup.com. Stay tuned!
RELATED YOLE EVENT
Yole Group is proud to collaborate with the China International Optoelectronic Expo (CIOE) to organize the highly exciting forum on imaging and LiDAR technologies and markets. It will take place on September 7, 2022, in Shenzhen, alongside the 24th CIOE.
Min CUI, Senior Director of Strategy, HESAI – Dr. HU Hai, CEO and founder of Shenzhen Raybow Opto – Zhenlin (Johnny) Wu, Deputy General Manager, Suzhou Everbright Photonics Co., Ltd – Dr. WANG Xiao, Director of Project, Senior Solution Expert, RoboSense – Romain Fraux, CEO, Yole SystemPlus, part of Yole Group – Pierrick Boulay, Senior Technology & Market Analyst, Lighting and Display, Yole Intelligence, part of Yole Group.
Don’t miss this opportunity to exchange views with Yole Intelligence’s photonics team and key players in the industry, register here!
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