Laser radar sales have surged nearly 100%, with orders booked until the end of the year.

With the explosive growth of the robot market, the application of LiDAR on these new types of robots is also accelerating. Data shows that in the first half of this year, the production of industrial robots reached 370,000 units, and the production of service robots reached 8.824 million units, an increase of 35.6% and 25.5% respectively compared to the same period last year. It is estimated that the market size of LiDAR in China will reach 24.07 billion yuan by 2025, and further increase to 43.18 billion yuan by 2026.