Qian Zhan Wang·2026-02-12 02:11Industry Overview - LiDAR (Light Detection and Ranging) is a radar system that uses laser beams to detect the position and speed of targets, becoming an important active remote sensing tool due to its high measurement accuracy and large detection range [1][5] - The LiDAR industry can be classified based on various criteria, including working mechanism, payload platform, working medium, and mechanical components [3] Industry Chain Analysis - The upstream market for LiDAR consists of raw materials for components like lasers and detectors, including non-ferrous metals and laser materials [5] - The downstream applications of LiDAR are primarily in the fields of vehicle networking, autonomous driving, and surveying, with developments in military and scientific applications as well [5][8] Industry Development History - The commercialization of LiDAR technology began before 2000, with limited applications in the automotive sector [10] - Since 2016, the industry has experienced rapid growth driven by the "new four modernizations" in the automotive sector, including electrification and intelligent networking [10][11] Industry Policy Background - Since 2013, various Chinese government departments have issued policies to support and regulate the development of the LiDAR industry, focusing on technology routes and parameter specifications [13][14] - Key policies include the integration of LiDAR into intelligent connected vehicle systems and the establishment of standards for safety and performance [14][15] Current Industry Status - The Chinese LiDAR market is projected to reach approximately 13.96 billion yuan by 2024, with a CAGR of nearly 300% from 2021 to 2024 [17] - The competitive landscape shows that Hesai Technology leads in revenue, followed by RoboSense with 1.19 billion yuan [20] Future Development Trends - The LiDAR industry is expected to see stable growth in technology and market size, with four main development directions: solid-state technology, digital architecture, increased penetration rates, and integration of hardware and software [26][27] - The industry is transitioning towards a competitive landscape focused on chip self-research and system integration capabilities, with significant cost reductions in LiDAR products [27]