Hesai Group have been named the top automotive lidar company by market share for the fourth consecutive year by Yole Group, whose report highlights Hesai’s continued leadership in the global lidar industry. Points of emphasis include the supplier’s market-leading revenue share, and their dominant presence across both ADAS-enabled passenger cars and robotaxis. This leadership position was bolstered by strategic partnerships with the world’s automakers, ongoing technological innovations, and rapidly growing demand in passenger car and robotaxi market segments.
Yole’s Lidar for Automotive 2025 report, which ranks lidar companies by key indicators of success, noted that Hesai captured 33 per cent of the global market revenue in 2024. The market has witnessed enormous growth of 60 per cent year-on-year, to reach a value of USD $859m. Hesai’s leadership is particularly evident in the rapidly expanding ADAS-enabled passenger vehicle market, which is experiencing explosive growth, particularly in China. Yole Group reports that around 120 vehicle models have adopted lidar since 2018, with adoption accelerating. Nearly 40 new lidar-equipped models have launched in the last two years alone. As the technology continues to grow in popularity, Chinese automakers are now implementing lidar beyond luxury vehicles, into more affordable, mass-market models, including C-segment cars priced around $25,000. This democratization drove the ADAS passenger car lidar market to grow by 68 per cent year-on-year in 2024. This marks a major turning point for the industry as it enters a true mass adoption phase.
