PALO ALTO, Calif., April 11, 2025 /PRNewswire/ -- Hesai Group (Nasdaq: HSAI), the global leader in lidar technology for automotive mobility and robotics application, has been named the top automotive lidar company by market share for the fourth consecutive year by Yole Group, a global advisory and market analysis firm recognized for its expertise in the semiconductor, photonic, and electronic sectors. The report highlights Hesai's continued leadership in the global lidar industry, emphasizing its market-leading revenue share, and dominant presence across both ADAS-enabled passenger cars and the robotaxi segment. This leadership position was bolstered by strategic partnerships with leading global OEMs, ongoing technological innovations, and rapidly growing demand in both the passenger car segment and robotaxi market.
Yole Group's "Lidar for Automotive 2025" report, which ranks lidar companies by several key indicators of success, noted that Hesai captured 33% of the global market by revenue in 2024. The market has witnessed enormous growth of 60% year-on-year to reach a value of $859 million.
Hesai's leadership is particularly evident in the rapidly expanding ADAS-enabled passenger vehicle market, which is experiencing explosive growth, particularly in China. Yole Group reports that around 120 vehicle models have adopted lidar since 2018, with adoption accelerating. Nearly 40 new lidar-equipped models have launched in the last two years alone. As the technology continues to grow in popularity, Chinese automakers are now implementing lidar beyond luxury vehicles, into more affordable, mass-market models, including C-segment cars priced around $25,000. This democratization drove the ADAS passenger car lidar market to grow by 68% year-on-year in 2024. This marks a major turning point for the industry as it enters a true mass adoption phase.
Hesai's scalability, vertical integration, and strategic design wins with 22 OEMs across over 120 models have made it a top supplier in this segment. According to the report, industry leaders, including BYD and Li Auto, are driving this momentum. BYD's "God's Eye" intelligent driving system is now available in mass-market models, and Li Auto plans to standardize lidar across its entire 2025 lineup.
In the robotaxi market specifically, Hesai dominates with a commanding 61% market share, supplying industry leaders such as Zoox, Aurora, Apollo, Didi, Pony, and WeRide.
Looking toward 2025, Yole Group expects the adoption of lidar-based ADAS systems, particularly driven by recent commitments from Chinese players, will push lidar installations beyond three million units. Hesai's growth in tandem with the industry will enable it to remain a leader in the market.
"We are proud to be recognized by Yole Group as the leader in the global lidar market for the fourth year in a row," said David Li, CEO & Co-Founder of Hesai. "Lidar is experiencing transformative growth as automakers increasingly rely on the technology to drastically increase safety and reliability across both manned and autonomous vehicles. Our advantage lies in the speed and scale at which we innovate and manufacture, driven by our initiative of delivering ultimate performance and ultimate value-to-cost."
"Hesai's continued market leadership reflects their sound business model and innovation capabilities across the sector," said Pierrick Boulay, Senior Analyst at Yole Group. "The Company is uniquely positioned to capitalize on new opportunities as the industry continues to grow."
Hesai continues to report the strongest revenue amongst its competitors and is the only company in the industry to have achieved full-year non-GAAP1 profitability. To date, Hesai has secured design wins with 22 automotive OEMs for over 120 vehicle models globally. In December 2024, Hesai became the first lidar company in the world to deliver more than 100,000 units in a single month.
Note: The data in this article represents third party estimates and are not official operational figures of the company. Please refer to the company's financial report for specific information.
About Hesai
Hesai Group (Nasdaq: HSAI) is a global leader in LIDAR solutions. The company's LIDAR products enable a broad spectrum of applications including passenger and commercial vehicles ("ADAS"), as well as autonomous driving vehicles and robotics and other non-automotive applications such as last-mile delivery robots and AGVs ("Robotics"). Hesai seamlessly integrates its in-house manufacturing process with LIDAR R&D and design, enabling rapid product iteration while ensuring high performance, high quality and affordability. The company's commercially validated solutions are backed by superior R&D capabilities across optics, mechanics, and electronics. Hesai has established offices in Shanghai, Palo Alto and Stuttgart, with customers spanning more than 40 countries.
About Yole Group
Yole Group offers a comprehensive range of reports, covering market trends, technology insights, teardowns, and reverse costing analyses. For tailored strategic, technical, or market analysis, as well as answers to specific questions, Yole Group also provides custom consulting services.
More information on yolegroup.com - LinkedIn.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Lidar Industry Enters Mass Adoption Phase, Hesai Remains Leader In Global Market Share
Lidar Industry Enters Mass Adoption Phase, Hesai Remains Leader In Global Market Share
Lidar Industry Enters Mass Adoption Phase, Hesai Remains Leader In Global Market Share
World's Leading Provider of Cutting-Edge Smart Ring Solutions
NEW YORK, May 10, 2026 /PRNewswire/ -- RingConn opened Gen 3 pre-orders on May 5th ahead of its official May 29th launch, marking the occasion with a feature on the iconic One Times Square billboard in New York City on the first day of pre-orders. The next-generation device combines holistic health tracking, subtle smart alerts, and new premium finishes, delivering an ultra-lightweight and slim design without compromising long battery life. To celebrate the launch, customers who pre-order through the official RingConn website can enjoy a limited-time 10% discount.*
Vascular Trend tracking
RingConn Gen 3 Smart Ring introduces advanced vascular insights, designed to help users observe long‑term vascular trends through continuous data collection.*
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Once calibrated, Gen 3 enables automatic vascular load assessments during periods of sleep or low motion, allowing users to continuously track meaningful changes over time without frequent manual input. The system also incorporates key influencing factors—including circadian rhythm adaptation, sleep respiratory health, post-exercise vascular recovery, and overall daily vascular stability—to help users better understand the relationship between lifestyle and cardiovascular patterns.
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RingConn Gen 3 Smart Ring is designed for continuous and comfortable wear, with a fully upgraded experience centered on durability and long-term usability. Featuring a refined ultra-lightweight form factor and enhanced engineering design, the device is built to seamlessly integrate into daily life, enabling consistent and uninterrupted health data tracking.
Powered by RingConn EcoPower Tech 2.0, the Gen 3 features an upgraded battery system and improved energy density, delivering up to 11–14 days of battery life in standard usage without vibration mode. This reduces charging frequency and supports continuous, long-term health monitoring with minimal interruption.
The ring adopts RingConn's proprietary ergonomic design, resulting in a lighter and thinner profile that conforms more naturally to the finger. With IP68 water resistance up to 100 meters, the Gen 3 is designed for durability in everyday use, enabling reliable performance across a wide range of real-life scenarios. Together, these features allow users to wear the device seamlessly through typing, handwashing, showering, swimming, and sleep - ensuring uninterrupted physiological data collection day and night.
A refined brushed finish, achieved through an advanced laser-engraving process, enhances the device's surface texture with greater precision and depth. The upgraded finishing process requires over 30% more production time compared to conventional methods, reflecting a higher level of craftsmanship. Expanded color options further enhance versatility, allowing the ring to blend naturally into both casual and professional environments while encouraging consistent daily wear.
Holistic Health Tracking
RingConn Gen 3 Smart Ring delivers comprehensive health tracking across multiple key dimensions, including sleep, sleep apnea, heart rate, blood oxygen, activity, stress, and women's health management such as menstrual cycle tracking and pregnancy preparation-related insights. Through continuous monitoring and long-term analysis, the device provides users with a more complete understanding of their health status over time, supporting more informed daily lifestyle decisions.
The system is powered by an advanced VCSEL infrared sensing solution, designed to enhance data stability and accuracy across a wide range of wearing conditions and real-world scenarios, strengthening the foundation for long-term health trend analysis. In internal testing, the system achieved a resting heart rate accuracy of ≥98.58%, a blood oxygen mean absolute error (MAE) of ≤0.95%, a step count accuracy of ≥97.20%, and a temperature accuracy of ±0.08°C, demonstrating strong performance in multi-dimensional health data capture.
Subtle Smart Alert
RingConn Gen 3 Smart Ring introduces subtle smart alerts to provide timely feedback when key health changes are detected. Through gentle vibration-based notifications, the device can also prompt users in scenarios such as prolonged inactivity or low battery, helping support more balanced daily usage and awareness. In quiet environments — such as during meetings or conversations — these silent notifications allow users to stay informed without disruptive sounds or attention-grabbing screen notifications.
The alert system is fully customizable, allowing users to enable or disable notifications based on personal preference. By prioritizing minimal disruption and silent vibration cues over intrusive alerts, RingConn ensures that health reminders remain discreet, context-aware, and seamlessly integrated into everyday life.
*Pre-order offer: The 10% limited-time discount is available exclusively at the RingConn official website from May 5 through June 10, 2026.
*This product is not intended to diagnose, treat, cure, or prevent any disease or medical condition. As a pre-diagnostic tool, the Gen 3 does not replace the diagnosis or treatment by a qualified healthcare professional.
For more information or to place a pre-order, visit:
https://bit.ly/ringconngen3
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Instagram: https://bit.ly/ringconninstagram
TikTok: https://bit.ly/ringconntiktok
About RingConn
Established in 2021, RingConn is a user-centric company, driven by continuous innovation, to provide professional, continuous, and thoughtful health monitoring products and services. RingConn is dedicated to becoming users' most trusted guardian for their physical and mental well-being.
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
RingConn Gen 3 Smart Ring Opens for Pre-Order: Bringing Vascular Insights to Effortless Everyday Wear
RingConn Gen 3 Smart Ring Opens for Pre-Order: Bringing Vascular Insights to Effortless Everyday Wear
RingConn Gen 3 Smart Ring Opens for Pre-Order: Bringing Vascular Insights to Effortless Everyday Wear
