AsianFin -- Chinese lidar makers RoboSense Technology and Hesai Technology posted triple-digit growth in robot-related sales last quarter, signaling a shift from advanced driver assistance systems (ADAS) to robotics as the sector’s main growth driver.
RoboSense sold 34,400 lidar units for robotics and other applications in the three months ended June 30, up 632% from a year earlier, according to its earnings report released yesterday. While ADAS products still dominated with 123,800 units sold, that segment rose just 4.6% year on year.
Revenue from RoboSense’s robotics and other businesses reached US$20.5 million, equal to 54% of its ADAS division revenue, the Shenzhen-based firm said.
Hesai also saw rapid growth in robotics, with shipments soaring 744% to 49,000 units in the second quarter, outpacing its ADAS lidar deliveries, which climbed 276% to 300,000 units, the company reported.
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Insights
What is lidar technology and how does it work?
How did RoboSense and Hesai Technology emerge as leaders in the lidar market?
What are the current market trends for lidar sales in the robotics sector?
How have customer feedback and demand shifted from ADAS to robotics?
What recent developments or innovations have been reported by RoboSense and Hesai?
How do the sales figures of RoboSense and Hesai compare to previous quarters?
What challenges do lidar manufacturers face in scaling production for robotics?
What is the significance of the growth rates reported for RoboSense and Hesai?
How might advancements in lidar technology influence the future of robotics?
What are the implications of the shift from ADAS to robotics for the overall lidar market?
Are there any controversies surrounding the use of lidar technology in robotics?
What competitive advantages do RoboSense and Hesai have over other lidar manufacturers?
How does the performance of lidar in robotics compare to traditional ADAS applications?
What potential long-term impacts could this growth in robotics lidar have on the industry?
How do geopolitical factors influence the lidar market in China and beyond?
What historical examples exist of similar trends in technology transitions within industries?
