CICC says that in-vehicle Lidar can promote L3+ autonomous driving, and it's expected to reach market size of $15 billion.

According to CICC’s research report, the market size of in-vehicle Lidar is expected to reach about $15 billion, which may breed companies with the market value of $15bn or even $150bn. In-vehicle Companies related to in-vehicle Lidar industry is worth to be watched at the current time.

Under the current technical conditions, Lidar is a shortcut to achieve L3+ autonomous driving technology. L3 autonomous vehicles are expected to be released in bulk in 2021, which is expected to drive the mass production of Lidar in 2022.

In the future, as the cost of mass production decreases, Lidar is expected to become the standard equipment for mid-level and high-end cars for safety reasons, and the market scale of in-vehicle Lidar is expected to further expand.