Market status
1. Market scale forecast
Automatic driving is an important development trend of global automotive technology and industry. Driven by the dual engine of market and policy, China's automotive driving automation technology has developed rapidly. With the help of automatic driving Dongfeng, lidar is ushering in a year of outbreak. In the future, China's lidar market will also show rapid growth. It is estimated that the market size of China's lidar will keep growing from 2022 to 2026, from 2.64 billion yuan to 43.18 billion yuan, and the compound annual growth rate is expected to reach 101.1%.
2. Downstream application
Lidar will be applied to terminal markets such as autonomous vehicle, industry, unmanned aerial vehicles, robots and 3D graphics. The vehicle borne lidar accounts for the largest proportion, accounting for 60.5%. Secondly, industrial laser radar, unmanned aerial vehicle, robot and 3D mapping, accounting for 24.4%, 8.4%, 4.2% and 2.5% respectively.
Development prospect
1. Policies are good for industry development
In recent years, China's lidar industry has been highly valued by governments at all levels and supported by national industrial policies. The state has successively issued a number of policies to encourage the development and innovation of the lidar industry. Industrial policies such as the China Meteorological Technology Development Plan (2021-2035), the New Energy Automobile Industry Development Plan (2021-2035), and the Guiding Opinions on Accelerating the Transformation and Upgrading of Service Outsourcing have provided a clear and broad market prospect for the development of the lidar industry and a good production and operation environment for enterprises.
2. The development and popularization of automatic driving technology promote the development of the industry
It has irreplaceable advantages in high-level automatic driving with strict requirements for information accuracy, and has irreplaceable advantages in high-level automatic driving with strict requirements for information accuracy. Automatic driving drives the vehicle mounted laser radar into the demand explosion period. The biggest marginal change of vehicle intelligence in the next five years will be the rapid increase of L3 level automatic driving penetration. The biggest change of L3 level automatic driving scheme is the addition of laser radar as an important part of the multi-sensor scheme. It is expected that from 2023, the vehicle laser radar track will enter a continuous high-speed growth period.
3. Extensive downstream applications drive industry development
In recent years, lidar has been widely used in the field of navigation. With the gradual popularization of artificial intelligence and 5G technology, its downstream applications, such as unmanned driving, advanced assistant driving, service-oriented robots and the Internet of Vehicles, have broad prospects for the development of industries that can improve the level of social productivity and improve the quality of life. The application scenario of lidar is expanding constantly, breaking the situation that it was only used in the military field, and it has developed rapidly in the civil and commercial fields.
Source: China Commercial Industry Research Institute
