中国汽车零部件：聚焦激光雷达 —— 智能驾驶之眼

Summary of the Conference Call on the China Auto Parts Sector - LiDAR Industry Overview - The focus is on the China Auto Parts Sector, specifically the LiDAR technology within the context of smart driving and autonomous vehicles [2][3]. Key Insights 1. Growth of Smart Driving: The smart driving theme has been pivotal in the auto supply chain since 2020, with significant growth in related technologies such as smart cockpits and driving controllers [3][8]. 2. LiDAR Adoption Forecast: LiDAR adoption in China is projected to increase from approximately 10% currently to 50% by 2030, driven by decreasing costs and increasing integration in economy segment cars [3][10]. 3. Market Size Expansion: The global LiDAR market is expected to grow from US$1.3 billion in 2025 to US$6.5 billion by 2030, representing a 37% CAGR [4][9]. 4. Chinese Suppliers' Dominance: Chinese companies, particularly Hesai and RoboSense, are forecasted to capture 70% of the global LiDAR market share by shipments by 2030, with a combined share of 42% [5][16]. Market Drivers 1. ADAS Penetration: The growth in Advanced Driver Assistance Systems (ADAS) is a primary driver for LiDAR adoption, with expectations for the global PV ADAS LiDAR market to reach Rmb35.8 billion by 2030, growing at a 40% CAGR [21][24]. 2. Technological Advancements: Continuous improvements in technology and system integration are expected to stabilize LiDAR prices, which have dropped from US$800 to US$200 over the past three years [11][23]. 3. Autonomous Mobility Growth: The development of autonomous vehicles, including robotaxis and robotic lawnmowers, is anticipated to further drive LiDAR demand, with the market for these applications projected to grow from Rmb2.8 billion in 2025 to Rmb10.9 billion by 2030 [88][89]. Pricing Dynamics - The current price of US$200 for entry-level LiDAR is deemed affordable for economy segment cars, leading to expectations of limited price declines over the next five years [11][23][74]. - The cost of LiDAR is projected to constitute 1-2% of the total cost of an ADAS system in economy cars priced below Rmb150k [73][74]. Competitive Landscape - Hesai and RoboSense are highlighted as the leading LiDAR suppliers, with strong partnerships with major automakers and significant order backlogs [5][8]. - The report emphasizes the importance of technological diversification among leading Chinese suppliers to maintain competitive advantages [21][88]. Consumer Trends - High consumer acceptance of driving assistance features is noted, with 93% of Chinese consumers considering these features essential or desirable [36][42]. - Interest in fully autonomous vehicles is also high, with around 80% of Chinese consumers expressing interest [37][42]. Regulatory Environment - The regulatory landscape in China is seen as favorable for the advancement of ADAS technologies, with clear policies supporting the deployment of these systems [30][32]. Conclusion - The LiDAR market in China is positioned for substantial growth, driven by technological advancements, increasing adoption in vehicles, and strong consumer demand for enhanced driving assistance features. The dominance of Chinese suppliers in this space is expected to continue, supported by favorable market conditions and regulatory frameworks.