激光雷达行业分析简报：城市NOA渗透率提升，激光雷达行业爆发-20250319

Investment Rating - The report indicates a strong growth potential for the LiDAR industry, with a projected market size of 10.5 billion yuan by 2025 and a compound annual growth rate (CAGR) of 63% from 2023 to 2025 [2][50]. Core Insights - The report highlights that 2023 marks the beginning of the urban NOA (Navigation on Autopilot) era, leading to a surge in the LiDAR industry. Deliveries of automotive LiDAR units in China are expected to exceed 1.5 million in 2024, representing a year-on-year increase of 212% [2][41]. - The average price of LiDAR in China fell below $500 in 2023, significantly lower than the global average of$700 to $1000, which is anticipated to continue decreasing due to domestic supply chain improvements and economies of scale [2][41]. - By 2025, the domestic automotive LiDAR market is expected to reach 10.5 billion yuan, with a projected CAGR of 63% from 2023 to 2025, and 33.6 billion yuan by 2030, with a CAGR of 36% from 2023 to 2030 [2][50]. Summary by Sections 1. LiDAR Concept - LiDAR (Light Detection and Ranging) is a technology that uses laser beams to measure distances by calculating the time it takes for the light to return after hitting an object, creating a detailed 3D model of the environment [6]. 2. LiDAR Classification - LiDAR can be categorized into mechanical, hybrid solid-state, and pure solid-state types, each with distinct advantages and disadvantages regarding reliability, cost, and application suitability [9][15][16]. 3. Market Landscape - In 2023, the global automotive LiDAR market is dominated by Hesai Technology and RoboSense, which together account for 58% of the market share. The report notes a significant shift from traditional suppliers like Valeo, whose market share has dropped to 10% [27][30]. 4. Sensor Comparison - LiDAR outperforms other sensors like cameras and millimeter-wave radars in terms of detection accuracy, range, and reliability, making it essential for advanced driver-assistance systems (ADAS) [32][33]. 5. LiDAR Industry Trends - The report emphasizes that the integration of LiDAR is becoming the mainstream solution for urban NOA, with increasing consumer demand for intelligent driving features influencing purchasing decisions [41][44]. 6. Industry Chain - The LiDAR industry chain is characterized by a low degree of domestic production in key components like lasers and receivers, while domestic manufacturers excel in LiDAR module production [60][63].