The laser radar emits a green laser pointer beam to detect the position and velocity of the target. The on-board lidar uses multiple laser emitters and receivers to create a three-dimensional point cloud map for real-time environmental awareness. The advantage of Lidar lies in 3D modeling, wide detection range and high detection accuracy. However, Lidar has poor performance in rain, snow and fog; it is expensive; the amount of data is too large.
With the increase in investment in rural road construction and highway construction in China, the demand for road surveying and mapping in the future has increased. In the future, with the development of science and technology, the demand for laser radar in intelligent applications will increase.
In 2017, downstream intelligent applications, road mapping and exploration inspection accounted for more than 80% of the entire market, and road mapping accounted for about 50%.
The core applications of the green laser pointer radar are driverless cars, service robots, drones and industrial mapping. From the current distribution of downstream applications of global laser radar companies, most of them are still in the field of smart cars and robots. Therefore, the downstream companies of the laser radar include unmanned car manufacturers, drone manufacturers, and service robot manufacturers.
It will be applied to laser radar in many fields in the future, including smart applications, road mapping, exploration and detection, and unmanned driving. The market potential is huge.
In the global laser radar market, North America accounts for about 45% of the total market revenue, and Europe has a 33% market share. According to the data from the Prospective Industry Research Institute’s “Prospective Report on the Prospective and Investment Strategic Planning of the Laser Radar Industry”, with the development of China’s economy and the increasing application of laser radar, the scale of the laser radar market in China will increase substantially. In 2013, China’s laser radar market was only 209 million yuan. By 2016, China’s green laser pointer radar market reached 289 million yuan, a year-on-year increase of 11.8%. By 2017, the Chinese laser radar market reached 325 million yuan. It is estimated that the size of China’s laser radar market will reach 349 million yuan in 2018, and will reach 464 million yuan in 2022.