Guosen Securities(SZ:002736) Zhi Tong Cai Jing·2025-12-16 07:36Core Insights - The report from Guosen Securities indicates that the L4 autonomous driving market is expected to reach a significant milestone in 2026, driven by policy support, technological advancements, and decreasing costs of related components [1][2]. Market Space - By 2030, the global L4 market is projected to exceed one trillion, with the domestic ride-hailing and taxi market estimated at 236 billion annually. By 2025, Robotaxi is expected to account for 0.6% of the shared mobility sector [1][2]. - The potential market for Robovan in China is estimated at 164.5 billion, with a 2% share in logistics delivery vehicles by 2025. The Robotruck market is projected to reach 1.5 billion in 2024 and 90 billion by 2030, assuming sales of 0.1 and 6 million units respectively [2]. - The annual market for Robobus in China is estimated between 15 to 35 billion, with a share of less than 2% in public transport. The Robosweeper market is projected to be between 11.3 to 22.5 billion, with a 4.7% share in sanitation vehicles by 2025 [2]. Competitive Landscape - In the Robotaxi sector, companies like WeRide, Pony.ai, and Loongson are accelerating commercialization. For Robovan, key players include Jiusi Intelligent, New Stone Technology, and others. The Robotruck segment features companies like Xidi Zhijia and Yikong Zhijia, while Robobus includes WeRide and Qingsong Intelligent. Robosweeper is represented by companies like Xiantu Intelligent and DeepBlue Technology [3]. Recommended Companies - For Robo-X vehicle sales and operations, recommended companies include Pony.ai (02026), WeRide (00800), and XPeng Motors (09868), with a suggestion to pay attention to Youjia Innovation (02431) [4]. - In the components sector, recommendations based on data flow include Hesai Technology (02525) and Sutech (02498), with attention to Tudatong (02665). For data transmission, Hu Guang Co. (605333) is recommended, while data processing recommendations include Kobot (603786), Huayang Group (002906), and others. For data application, recommended companies include Baolong Technology (603197) and Bertley (603596) [4].