RoboSense ranked first in global market share for passenger car LiDAR in 2024, and achieved the annual and cumulative sales championship

According to the Zhitong Finance APP, recently, the international market research and strategic consulting firm Yole Group released the "2025 Global Automotive LiDAR Market Report" (hereinafter referred to as the "Report"). The "Report" pointed out that RoboSense (02498) has achieved three "global firsts" in the global automotive LiDAR market: the highest market share in the passenger car LiDAR market in 2024, the annual sales champion of ADAS LiDAR, and the cumulative sales champion of ADAS from 2018 to 2024. These three "global firsts" further highlight RoboSense's leading position and strong capabilities in the global LiDAR market.

At the same time, the "Report" also showcases RoboSense's leading progress in globalization and the Robotaxi market development, as well as technological layout over the past year, presenting a broad future outlook.

Three "Global Firsts":

First in Market Share, Annual and Cumulative Sales Champion

The "Report" shows that the global passenger car LiDAR market continues to grow rapidly, expanding by 68% year-on-year in 2024, with the market size reaching USD 692 million. Among them, RoboSense holds a 26% market share, ranking first globally. Benefiting from the widespread application of high-level intelligent driving assistance systems equipped with LiDAR in the Chinese market, the global LiDAR market is experiencing rapid development, with Chinese LiDAR brands accounting for 92% of the market share. This is closely related to the large-scale deployment of LiDAR by Chinese automotive companies, primarily using domestic manufacturing and supply chains.

The "Report" also pointed out that the global passenger car LiDAR market is expected to have approximately 1.6 million units installed in 2024, more than doubling compared to the previous year. Among them, RoboSense achieved annual sales of 519,800 units, topping the global passenger car LiDAR market in 2024. In this rapidly expanding passenger car LiDAR market, the "Report" describes four Chinese LiDAR manufacturers as the "Big Four." Among them, RoboSense ranks first with its all-dimensional leading strength.

Under the global upgrade of automotive intelligence, RoboSense's outstanding market performance is inseparable from years of adherence to the cooperative spirit of "market demand as the core" and deep cultivation of technological innovation. As of the end of March 2025, RoboSense has established close cooperation with 30 global automakers and Tier 1 suppliers, with over 100 designated models From January to March 2025, RoboSense (速腾聚创) achieved remarkable results, assisting in the launch of 15 cooperative vehicle models, including GAC Toyota's Platinum Smart 3X, GAC's Xiangwang S7, and Geely's Galaxy E8. With the rapid popularization of L2+ advanced driving assistance systems, over 10 models in the price range of 150,000 to 200,000 yuan have now been equipped with RoboSense's laser radar and are available for mass production.

At the same time, according to estimates from Yole Group, RoboSense ranks first globally in cumulative sales of laser radar for passenger vehicles from 2018 to 2024, with over 800,000 units sold, far surpassing other laser radar brands, showcasing its significant advantages and strong capabilities as a leading global laser radar brand.

Accelerating Globalization

Mass production applications flourish in Europe, America, and Japan

The report indicates that currently, there are plans or developments for launching laser radar-equipped vehicles in China, Europe, America, and Japan. It is expected that Chinese automakers will launch 111 intelligent models equipped with laser radar in 2025 or shortly thereafter, while Europe will introduce over 4 laser radar models around the same time. The United States is set to launch 2 models with laser radar, and Japan and South Korea will see the release of over 2 intelligent models equipped with laser radar.

While consolidating its leading position in the domestic market, RoboSense is accelerating its expansion into global markets with high-performance and highly reliable laser radar products, gradually becoming a common choice for overseas automakers' intelligent upgrades. Currently, RoboSense has secured partnerships with 8 overseas and Sino-foreign joint venture brands, including a leading Sino-American joint venture automaker, one of Japan's top three automakers, two European and Chinese cooperative brands, a leading new force automaker in North America, and a North American new energy vehicle company, covering major automotive markets in Europe, North America, and the Asia-Pacific region.

Global L4 Laser Radar Market:

Rapid growth, capturing numerous leading Robotaxi clients

As the global Robotaxi market shifts from pilot programs to large-scale production, the number of vehicles equipped with laser radar will significantly increase, which will greatly drive the gradual expansion of the global L4 autonomous driving laser radar market Yole Group expects that the global L4 autonomous driving LiDAR market will reach USD 166 million in 2024, a year-on-year increase of 35% compared to 2023. At the same time, among the 10 L4 autonomous driving companies listed in the report, 6 are using RoboSense's highly competitive LiDAR products.

With stable and reliable, performance-leading automotive-grade LiDAR products, RoboSense is expected to become one of the mainstream configurations for Robotaxi commercial vehicles, achieving significant revenue growth.

Advanced Technology Layout, Most Comprehensive Product Matrix

Full-stack Chip Self-research Capability Leading Digital Transformation

The report also analyzes and summarizes the technological trends of major global LiDAR manufacturers. Yole Group shows that RoboSense is the only LiDAR brand in the world that covers a product matrix of mechanical, one-dimensional, two-dimensional scanning hybrid solid-state, and all-solid-state products, continuously occupying the high ground of industrial applications through technological innovation.

Yole Group notes that LiDAR brands represented by RoboSense are currently applying SPAD-SoC chips in their latest product designs. Yole Group believes that by combining VCSEL with SPAD-SoC chips, LiDAR will achieve the longest measurement distance and highest resolution, breaking through performance ceilings.

As a leader in the LiDAR technology revolution, RoboSense will be the first to complete the integration of LiDAR technology architecture in 2024, mastering the full-stack chip self-research capability from transmission and reception, scanning to data processing, with a fully mature product platform of "one-dimensional mechanical scanning + two-dimensional MEMS scanning + all-solid-state array scanning" in parallel. Thus, RoboSense has achieved the mass production of digital LiDAR and has laid out the most comprehensive digital LiDAR product matrix in the industry. This supports RoboSense in quickly developing and iterating products according to the needs of different industries and scenarios, meeting the demands of intelligent driving, robotics, and other multi-scenario applications