RoboSense Ranked No.1 with 43% Market Share in Installation

On July 04, 2024, RoboSense announced that the company ranked No.1 with an installation volume of 191,484 units, capturing a market share of 43.0% from January to May 2024 released by the Gasgoo Auto Research Institute (GARI). 

According to data from GARI, the market penetration of LiDAR installation grew to 4.7% in January to May 2024 from 1.5% in the same period of 2023. In May 2024, the penetration rate of vehicles equipped with LiDAR reached 6.3%. The number of installed LiDAR units also dramatically increased, rising from 132,093 units in January to May 2023 to 445,123 units in January to May 2024, reflecting a year-on-year growth of 237%.

With the development of autonomous driving technology and the increasing demand from consumers for intelligent vehicles, the application of LiDAR in the automotive field is continuously expanding. The company has successively launched the M3, a long-range LiDAR with an equivalent 500-beam, representing the industry's performance benchmark. RoboSense dedicated to advance performance and technical specifications of products through successive technological innovation. This April, RoboSense launched the MX, a mid-range LiDAR that achieves extreme cost reduction and efficiency through technological innovation. These advancements aim to bring safe autonomous driving technology to a broader market, accelerating the intelligent upgrade of the global automotive industry.