Hesai Technology announced it was named the top automotive lidar company for the second consecutive year by Yole Group, a global advisory and market analysis firm recognized for its expertise in the semiconductor, photonic, and electronic sectors.
Yole Intelligence, part of the international market research & strategy consulting company Yole Group, released its “LiDAR for Automotive 2023” report, which ranks different companies by several key indicators of success. The report shows the rapid expansion of the lidar industry and confirms Hesai’s top position in the global lidar market, the company adds.
Yole Intelligence valued the global lidar market for passenger cars and robotic cars, including robotaxis, at around $317M in 2022, which corresponds to a 95% YoY increase, largely driven by high demands from OEMs in the passenger car market.
The report names Hesai as the No. 1 global automotive lidar supplier with the biggest market share by revenue. With strong growth momentum in both passenger cars and robotaxis, Hesai secures close to half of the total global automotive lidar market, according to the report.
The report also shows Hesai continuing to lead the global robotic cars lidar market in 2022 with a 67% market share of the $147M market. Hesai says its “success stems from its strong customer base, including almost every key robotaxi and robotruck player, including major industry names such as Zoox and Aurora.”
“We are thrilled to be recognized by Yole Intelligence as the leader in the global lidar market for the second year in a row,” said Bob in den Bosch, senior vice president of global sales. “We’ve set high targets for growth, development, and strategic wins, and we are happy to see our efforts succeed in the market. Our strength in R&D, our ability to fulfill customer orders, and our capacity to produce lidar for both the ADAS and autonomous mobility markets have allowed us to break shipment records and make lidar ready for mass adoption. We are proud of our ongoing success, and we will continue to make roads safer for everyone.”
