Lidar Industry Enters Mass Adoption Phase, Hesai Remains Leader In Global Market Share
Hesai Group (HSAI) maintains its position as the global leader in lidar technology, capturing 33% of the global market share by revenue in 2024, according to Yole Group's latest report. The lidar market experienced significant growth, expanding 60% year-on-year to $859 million.
The company dominates the robotaxi segment with a 61% market share, supplying major players like Zoox, Aurora, and Apollo. In the ADAS-enabled passenger vehicle market, which grew 68% year-on-year in 2024, Hesai has secured design wins with 22 OEMs across 120 vehicle models. Chinese automakers are now implementing lidar in mass-market models, including C-segment cars priced around $25,000.
Hesai achieved a significant milestone in December 2024, becoming the first lidar company to deliver over 100,000 units in a single month. The company stands out as the only industry player to achieve full-year non-GAAP profitability.
Hesai Group (HSAI) mantiene la sua posizione di leader globale nella tecnologia lidar, catturando il 33% della quota di mercato globale per fatturato nel 2024, secondo l'ultimo rapporto di Yole Group. Il mercato lidar ha registrato una crescita significativa, espandendosi del 60% rispetto all'anno precedente, raggiungendo i 859 milioni di dollari.
L'azienda domina il segmento dei robotaxi con una quota di mercato del 61%, fornendo a importanti attori come Zoox, Aurora e Apollo. Nel mercato delle autovetture passeggeri dotate di ADAS, che è cresciuto del 68% rispetto all'anno precedente nel 2024, Hesai ha ottenuto vittorie progettuali con 22 OEM su 120 modelli di veicoli. I produttori automobilistici cinesi stanno ora implementando il lidar in modelli di massa, inclusi i veicoli della categoria C con un prezzo di circa 25.000 dollari.
Hesai ha raggiunto un traguardo significativo nel dicembre 2024, diventando la prima azienda lidar a consegnare oltre 100.000 unità in un solo mese. L'azienda si distingue come l'unico attore del settore a raggiungere la redditività non-GAAP per l'intero anno.
Hesai Group (HSAI) mantiene su posición como líder global en tecnología lidar, capturando el 33% de la cuota de mercado global por ingresos en 2024, según el último informe de Yole Group. El mercado de lidar experimentó un crecimiento significativo, expandiéndose un 60% interanual, alcanzando los 859 millones de dólares.
La compañía domina el segmento de robotaxis con una cuota de mercado del 61%, suministrando a grandes actores como Zoox, Aurora y Apollo. En el mercado de vehículos de pasajeros equipados con ADAS, que creció un 68% interanual en 2024, Hesai ha asegurado victorias de diseño con 22 OEMs en 120 modelos de vehículos. Los fabricantes de automóviles chinos están implementando lidar en modelos de mercado masivo, incluidos coches de segmento C con precios alrededor de 25,000 dólares.
Hesai logró un hito significativo en diciembre de 2024, convirtiéndose en la primera empresa de lidar en entregar más de 100,000 unidades en un solo mes. La empresa se destaca como el único actor de la industria en alcanzar la rentabilidad no-GAAP durante todo el año.
헤사이 그룹 (HSAI)는 2024년 Yole Group의 최신 보고서에 따르면 전 세계 시장 점유율의 33%를 차지하며 라이다 기술의 글로벌 리더로서의 입지를 유지하고 있습니다. 라이다 시장은 전년 대비 60% 성장하여 8억 5900만 달러로 확대되었습니다.
회사는 Zoox, Aurora, Apollo와 같은 주요 업체에 공급하면서 로봇택시 부문에서 61%의 시장 점유율을 차지하고 있습니다. 2024년 전년 대비 68% 성장한 ADAS 탑재 승용차 시장에서 Hesai는 120개 차량 모델의 22개 OEM과 디자인 계약을 체결했습니다. 중국 자동차 제조업체들은 이제 약 25,000달러에 해당하는 C세그먼트 차량을 포함하여 대중 시장 모델에 라이다를 구현하고 있습니다.
헤사이는 2024년 12월에 한 달에 100,000대 이상을 납품한 첫 번째 라이다 회사가 되는 중요한 이정표를 달성했습니다. 이 회사는 연간 비 GAAP 수익성을 달성한 유일한 업계 플레이어로 돋보입니다.
Hesai Group (HSAI) conserve sa position de leader mondial dans la technologie lidar, capturant 33% de la part de marché mondiale en termes de revenus en 2024, selon le dernier rapport de Yole Group. Le marché du lidar a connu une croissance significative, s'étendant de 60% d'une année sur l'autre pour atteindre 859 millions de dollars.
L'entreprise domine le segment des robotaxis avec une part de marché de 61%, fournissant des acteurs majeurs tels que Zoox, Aurora et Apollo. Dans le marché des véhicules de passagers équipés d'ADAS, qui a crû de 68% d'une année sur l'autre en 2024, Hesai a sécurisé des victoires de conception avec 22 OEM sur 120 modèles de véhicules. Les fabricants automobiles chinois mettent désormais en œuvre le lidar dans des modèles de masse, y compris des voitures de segment C au prix d'environ 25 000 dollars.
Hesai a atteint un jalon important en décembre 2024, devenant la première entreprise de lidar à livrer plus de 100 000 unités en un seul mois. L'entreprise se distingue comme le seul acteur de l'industrie à avoir atteint la rentabilité non-GAAP sur l'ensemble de l'année.
Hesai Group (HSAI) behauptet seine Position als globaler Marktführer in der Lidar-Technologie und erfasst 33% des globalen Marktanteils nach Umsatz im Jahr 2024, laut dem neuesten Bericht der Yole Group. Der Lidar-Markt erlebte ein signifikantes Wachstum und expandierte im Jahresvergleich um 60% auf 859 Millionen Dollar.
Das Unternehmen dominiert das Robotaxi-Segment mit einem Marktanteil von 61% und beliefert große Akteure wie Zoox, Aurora und Apollo. Im Markt für Passagierfahrzeuge mit ADAS, der im Jahr 2024 im Jahresvergleich um 68% wuchs, hat Hesai Designgewinne mit 22 OEMs über 120 Fahrzeugmodelle gesichert. Chinesische Automobilhersteller setzen nun Lidar in Massenmarktmodellen ein, darunter C-Segment-Fahrzeuge, die etwa 25.000 Dollar kosten.
Hesai erreichte im Dezember 2024 einen bedeutenden Meilenstein, indem es das erste Lidar-Unternehmen wurde, das über 100.000 Einheiten in einem einzigen Monat lieferte. Das Unternehmen hebt sich als der einzige Akteur der Branche hervor, der im gesamten Jahr eine Non-GAAP-Rentabilität erzielt hat.
- 33% global market share leadership in lidar technology
- 61% market share in the robotaxi segment
- Secured partnerships with 22 OEMs for 120 vehicle models
- First to deliver 100,000+ units in a single month (Dec 2024)
- Only company in industry achieving full-year non-GAAP profitability
- Operating in rapidly growing market (60% YoY growth to $859M)
- None.
Insights
Hesai's fourth consecutive year as the global lidar market leader, with
The
Hesai's December 2024 milestone of 100,000+ monthly units shipped represents significant manufacturing scale advantages. As the only company in the sector achieving full-year non-GAAP profitability, Hesai has crossed a critical threshold that many lidar competitors still struggle to reach.
The democratization of lidar technology beyond luxury vehicles into mass-market models indicates a fundamental shift in the automotive safety landscape, with Chinese automakers like BYD and Li Auto driving rapid adoption. This accelerating industry trajectory supports continued growth for market leaders with proven scalability and OEM relationships.
This market leadership report underscores Hesai's substantial competitive moat in the rapidly expanding lidar sector. Their
The achievement of full-year non-GAAP profitability differentiates Hesai in an industry where many players continue to operate at losses while pursuing market share. This financial discipline, combined with high-volume production capabilities (100,000+ monthly units), suggests improving gross margins as fixed costs are distributed across larger production volumes.
The acceleration of lidar adoption into
The overall lidar market growth of
Yole Group's "Lidar for Automotive 2025" report, which ranks lidar companies by several key indicators of success, noted that Hesai captured
Hesai's leadership is particularly evident in the rapidly expanding ADAS-enabled passenger vehicle market, which is experiencing explosive growth, particularly in
Hesai's scalability, vertical integration, and strategic design wins with 22 OEMs across over 120 models have made it a top supplier in this segment. According to the report, industry leaders, including BYD and Li Auto, are driving this momentum. BYD's "God's Eye" intelligent driving system is now available in mass-market models, and Li Auto plans to standardize lidar across its entire 2025 lineup.
In the robotaxi market specifically, Hesai dominates with a commanding
Looking toward 2025, Yole Group expects the adoption of lidar-based ADAS systems, particularly driven by recent commitments from Chinese players, will push lidar installations beyond three million units. Hesai's growth in tandem with the industry will enable it to remain a leader in the market.
"We are proud to be recognized by Yole Group as the leader in the global lidar market for the fourth year in a row," said David Li, CEO & Co-Founder of Hesai. "Lidar is experiencing transformative growth as automakers increasingly rely on the technology to drastically increase safety and reliability across both manned and autonomous vehicles. Our advantage lies in the speed and scale at which we innovate and manufacture, driven by our initiative of delivering ultimate performance and ultimate value-to-cost."
"Hesai's continued market leadership reflects their sound business model and innovation capabilities across the sector," said Pierrick Boulay, Senior Analyst at Yole Group. "The Company is uniquely positioned to capitalize on new opportunities as the industry continues to grow."
Hesai continues to report the strongest revenue amongst its competitors and is the only company in the industry to have achieved full-year non-GAAP1 profitability. To date, Hesai has secured design wins with 22 automotive OEMs for over 120 vehicle models globally. In December 2024, Hesai became the first lidar company in the world to deliver more than 100,000 units in a single month.
Note: The data in this article represents third party estimates and are not official operational figures of the company. Please refer to the company's financial report for specific information.
About Hesai
Hesai Group (Nasdaq: HSAI) is a global leader in LIDAR solutions. The company's LIDAR products enable a broad spectrum of applications including passenger and commercial vehicles ("ADAS"), as well as autonomous driving vehicles and robotics and other non-automotive applications such as last-mile delivery robots and AGVs ("Robotics"). Hesai seamlessly integrates its in-house manufacturing process with LIDAR R&D and design, enabling rapid product iteration while ensuring high performance, high quality and affordability. The company's commercially validated solutions are backed by superior R&D capabilities across optics, mechanics, and electronics. Hesai has established offices in
About Yole Group
Yole Group offers a comprehensive range of reports, covering market trends, technology insights, teardowns, and reverse costing analyses. For tailored strategic, technical, or market analysis, as well as answers to specific questions, Yole Group also provides custom consulting services.
More information on yolegroup.com - LinkedIn.
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SOURCE Hesai Technology
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