Evolution of LiDAR market competition

In the LiDAR market, the first round of competition has basically ended, with participants including Chinese companies Hesai, RoboSense, Seyond, Huawei, and overseas companies Valeo, Luminar, and Innoviz. Although traditional Tier 1 giants such as Bosch have withdrawn from self-developed LiDAR, there are still other seed players joining the competition in the Chinese market.