Electrification, intelligence and networking have become the strategic direction of the development of the automobile industry, and automobile enterprises are accelerating their layout.
On March 23, Byd Company Limited(002594) announced a cooperation with NVIDIA in intelligent driving technology. From the first half of 2023, Byd Company Limited(002594) will carry NVIDIA drive Hyperion platform on some of its new energy vehicles to realize intelligent driving and parking.
Under the automatic driving tuyere, the demand for lidar has ushered in a year of explosion.
Since 2022, many high-level intelligent vehicles equipped with lidar, including Mercedes Benz S, BMW IX, Weilai et7, Xiaopeng G9 and ideal L9, have been delivered. The average lidar carrying capacity is about 2, accelerating the mass production of lidar.
"Intelligent networking and automatic driving are the trend of automobile development." Zhang Xiang, a researcher at the automotive industry innovation research center of Northern University of technology, told the Securities Daily that auto enterprises also need innovative functions to attract consumers to buy and promote market growth. The mass-produced lidar can be said to be a milestone product. Various technical routes of lidar are developing hand in hand and making breakthroughs. This year, lidar is sure to see explosive growth.
lidar market will develop rapidly
It is understood that a number of models equipped with lidar will be mass produced in 2022, including many manufacturers such as Xiaopeng, Weilai and Feifan automobile.
Therefore, 2022 is also known as the first year of mass production of lidar.
According to Guosen Securities Co.Ltd(002736) prediction, the market scale of lidar will increase from 2.1 billion yuan in 2021 to 54.1 billion yuan in 2025, with a compound annual growth rate of 126%. As an important accessory, millimeter wave radar has benefited from the improvement of automatic driving penetration, especially the application of 4D imaging radar, and the consumption of single vehicle has gradually increased.
Laser radar is the key sensor of autopilot. With the gradual production of automatic driving vehicles, the market scale of laser radar will also grow rapidly in the next 5 years.
It is understood that millimeter wave radar is mostly used in all kinds of ADAS. The engineering proposal issued by the International Association of Automotive Engineers divides automatic driving into six levels. With the level of l0-l5, the higher the level, the higher the degree of vehicle automation, and the greater the number of single vehicles equipped with cameras, millimeter wave radar and lidar. Generally speaking, millimeter wave radar, as an important sensing sensor for automatic driving, is a standard configuration for driving level L2 and above.
According to Sullivan's prediction, driven by factors such as the expansion of driverless fleet and the increase of lidar penetration in ADAS, the overall lidar market is expected to show a high-speed development trend, and the global market scale will be US $13.54 billion by 2025. The on-board lidar market accounts for more than 50%. It is estimated that the global on-board lidar (driverless + ADAS) market will exceed US $8 billion (about 51.8 billion yuan) in 2025.
In this regard, pan Helin, CO director and researcher of the digital economy and financial innovation research center of the International United Business School of Zhejiang University, told the reporter of Securities Daily that lidar benefits from automatic driving. There are two solutions for automatic driving. One is to rely on AI vision. It takes a long time to achieve strong intelligence through data training; The other is to rely on AI weak vision superimposed lidar, so that the self driving vehicle's perception of the surrounding environment is greatly strengthened, the safety is improved, the short-term effect is fast, and the landing is fast. At present, most automatic driving uses the latter, which is equipped with lidar. Through the research and judgment of many analysts, all localities will gradually promote the pilot of automatic driving this year. On private cars, car manufacturers will also arrange lidar in advance to adapt to the introduction of automatic driving function in the future.
capital favors accelerated layout of enterprises
Many enterprises are actively laying out the automatic driving industry chain, especially in the most critical field of lidar.
On March 23, Hangzhou Prevail Optoelectronic Equipment Co.Ltd(300710) and Nanjing intelligent high-end equipment industry Research Institute Co., Ltd. (hereinafter referred to as "Nanjing intelligent") signed the strategic cooperation agreement. The two sides established a long-term and in-depth cooperative relationship on the joint research and development, design and derivative additional business of lidar, millimeter wave radar, RF devices and antennas.
In terms of cooperation details, the two sides are jointly committed to the market promotion and standard formulation of lidar, millimeter wave radar products, RF devices and antennas and additional services. It is worth mentioning that the level of multi line lidar technology, millimeter wave radar technology, RF devices and antenna technology developed by Nanjing intelligent has been close to that of international leading manufacturers.
Hangzhou Prevail Optoelectronic Equipment Co.Ltd(300710) said in the announcement that the strategic cooperation with Nanjing intelligent is in line with the requirements of the company's development strategy of extending the industrial chain related to its main business and will help the company further expand to business fields such as automotive electronics and automatic driving of new energy vehicles.
Not long ago, Huayu Automotive Systems Company Limited(600741) Shanghai No.1 Branch reached an agreement with Israel opsystech to jointly build a "2D addressable pure solid state" lidar.
Zhang Xiang also said that many enterprises, including traditional car enterprises, are accelerating the layout of lidar. After equipped with lidar, the level of automatic driving will be greatly improved, and the enterprises that seize the first opportunity can occupy the market share in advance.
In fact, in the past year, the lidar market has also been frequently favored by capital.
Data show that in the past 2021, there were 25 lidar related financing events in China, with an amount of more than 14 billion yuan, and the on-board lidar received nearly 3.8 billion yuan.
On February 25 this year, Suteng juchuang announced that it had obtained a new round of strategic financing and would focus on the ecological construction of the industrial chain of lidar and automatic driving.
Shenwan Hongyuan Group Co.Ltd(000166) Research Report indicates that the development of lidar will speed up in 2022, and the manufacturers of "Xinli car factory + lidar" have changed significantly. For the intelligent assisted driving market, the market scale of lidar can be optimistic, and the penetration rate of lidar is expected to grow rapidly.
Li Yuan, CEO of Beixing, also told reporters that Beixing has successfully developed an ultra-high performance autopilot main radar, and has obtained a fixed point of a brand model, which will realize mass production and delivery in 2023. In the next five years, hybrid solid-state lidar will usher in an explosion period.
