Core Viewpoint - The laser radar industry is expected to see a convergence of explicit indicators, but the number of players will decrease as safety and reliability become the primary focus [1][3][6]. Group 1: Industry Trends - The explicit indicators of laser radar products will converge, making them appear similar, akin to safety components like airbags [3][6]. - The industry is moving towards a more orderly state, which is essential for reasonable profit distribution [12][14]. - The average selling price (ASP) of laser radars has dropped significantly from tens of thousands of dollars to under $200, a decrease of 99.5%, yet the gross margin has remained stable due to innovative cost management [9][10]. Group 2: Company Strategy - The company focuses on bottom-layer technology and aims to produce standardized products for mass consumption rather than entering the automotive or robotics markets directly [3][21]. - The company has maintained stable gross margins by innovating and vertically integrating its supply chain, rather than relying on cost-cutting measures [9][10]. - The company is exploring overseas markets and non-automotive sectors to mitigate intense price competition in the Chinese automotive market [10][11]. Group 3: Safety and Reliability - Safety is a critical concern, and new players in the market may struggle to meet the high safety standards required for laser radar products [4][6]. - The future of robotics will likely involve integrating multiple small, high-frame-rate laser radars to ensure safety in human-robot interactions [19][20]. - The focus on safety will become increasingly important as robots become more prevalent in households, necessitating advanced safety measures [19][20]. Group 4: Market Outlook - The automotive market is expected to remain significantly larger than the robotics market in the coming years, as cars are essential consumer goods while robots are not yet widely adopted [23][24]. - The industry anticipates a period of reflection regarding the functionality and commercial value of robots, rather than merely their human-like appearance [25].