Hesai Group, the worldwide chief in lidar expertise for automotive mobility and robotics software, has been named the highest automotive lidar firm by market share for the fourth consecutive 12 months by Yole Group, a world advisory and market evaluation agency acknowledged for its experience within the semiconductor, photonic, and digital sectors
Hesai Group, the worldwide chief in lidar expertise for automotive mobility and robotics software, has been named the highest automotive lidar firm by market share for the fourth consecutive 12 months by Yole Group, a world advisory and market evaluation agency acknowledged for its experience within the semiconductor, photonic, and digital sectors. The report highlights Hesai’s continued management within the world lidar trade, emphasizing its market-leading income share, and dominant presence throughout each ADAS-enabled passenger automobiles and the robotaxi phase. This management place was bolstered by strategic partnerships with main world OEMs, ongoing technological improvements, and quickly rising demand in each the passenger automotive phase and robotaxi market.
Yole Group’s “Lidar for Automotive 2025” report, which ranks lidar firms by a number of key indicators of success, famous that Hesai captured 33% of the worldwide market by income in 2024. The market has witnessed huge progress of 60% year-on-year to achieve a worth of $859 million.
Hesai’s management is especially evident within the quickly increasing ADAS-enabled passenger car market, which is experiencing explosive progress, notably in China. Yole Group experiences that round 120 car fashions have adopted lidar since 2018, with adoption accelerating. Almost 40 new lidar-equipped fashions have launched within the final two years alone. Because the expertise continues to develop in reputation, Chinese language automakers are actually implementing lidar past luxurious autos, into extra inexpensive, mass-market fashions, together with C-segment automobiles priced round $25,000. This democratization drove the ADAS passenger automotive lidar market to develop by 68% year-on-year in 2024. This marks a serious turning level for the trade because it enters a real mass adoption section.
Hesai’s scalability, vertical integration, and strategic design wins with 22 OEMs throughout over 120 fashions have made it a prime provider on this phase. Based on the report, trade leaders, together with BYD and Li Auto, are driving this momentum. BYD’s “God’s Eye” clever driving system is now out there in mass-market fashions, and Li Auto plans to standardize lidar throughout its total 2025 lineup.
Within the robotaxi market particularly, Hesai dominates with a commanding 61% market share, supplying trade leaders corresponding to Zoox, Aurora, Apollo, Didi, Pony, and WeRide.
Trying towards 2025, Yole Group expects the adoption of lidar-based ADAS programs, notably pushed by latest commitments from Chinese language gamers, will push lidar installations past three million models. Hesai’s progress in tandem with the trade will allow it to stay a pacesetter available in the market.
“We’re proud to be acknowledged by Yole Group because the chief within the world lidar marketplace for the fourth 12 months in a row,” mentioned David Li, CEO & Co-Founding father of Hesai. “Lidar is experiencing transformative progress as automakers more and more depend on the expertise to drastically enhance security and reliability throughout each manned and autonomous autos. Our benefit lies within the velocity and scale at which we innovate and manufacture, pushed by our initiative of delivering final efficiency and supreme value-to-cost.”
“Hesai’s continued market management displays their sound enterprise mannequin and innovation capabilities throughout the sector,” mentioned Pierrick Boulay, Senior Analyst at Yole Group. “The Firm is uniquely positioned to capitalize on new alternatives because the trade continues to develop.”
Hesai continues to report the strongest income amongst its rivals and is the one firm within the trade to have achieved full-year non-GAAP profitability. Up to now, Hesai has secured design wins with 22 automotive OEMs for over 120 car fashions globally. In December 2024, Hesai grew to become the primary lidar firm on this planet to ship greater than 100,000 models in a single month.
Notice: The info on this article represents third get together estimates and will not be official operational figures of the corporate. Please seek advice from the corporate’s monetary report for particular data.
SOURCE: Hesai
