HONG KONG, Jun 03, 2021 (GLOBE NEWSWIRE) – Tailor Insight, the fintech market research organization, recently released a research report “WIMI Announces Entry into 3D Holographic Pulse Lidar Products and Significant Development consumer-grade lidar “. Under the trend of smart cars and various improvements in consumption, more and more products are associated with lidar. From a market perspective, the performance of lidar in recent years has been very eye-catching, especially in autonomous vehicles.
In 2021, all major automakers are planning or launching models with lidar. Among them, XPEV US and Weilai have already released self-driving cars equipped with lidar. Meanwhile, Honda, Mercedes-Benz, Toyota, Chana Auto and Great Wall Automobile have also said that they will successively launch autopilot models equipped with lidar in 2021, and lidar has officially entered the first year of production in series.
The development of automatic driving requires the joint efforts of technology companies and automotive companies. For example, tech companies have to be smart and unmanned, which is their advantage. There are also traditional car manufacturers, new car manufacturers and TL1 to provide new platforms. For example, BYD now opens the line of control and operation of the executive agency OTI. And software updates. So, the algorithm becomes very important, and the function can be upgraded through the algorithm and software. There is also the rapid formation of industrial ecology, as well as semiconductor laser radar, AI chip and vehicle computer, which are the key parts industry upstream. There is laser radar and multimodal sensor fusion module, all of which are computer vision. The first generation of scanning lidar now uses a mixed semiconductor lidar. It’s a transition, the real industrialization is pure solid-state lidar. Now he has been pushed at home and abroad. For example, there are OPI, flash, and MEMS. And a high power 1150 nm lidar.
So far, the most popular applications of lidar in the Internet of Things field are autonomous driving and the Internet of Vehicles. According to foreign media reports, analyst firm TrendForce predicts that due to the development of advanced driver assistance systems (ADAS), autonomous vehicles, industry, transportation and smart cities, the LiDAR will grow from $ 682 million in 2020 to $ 2.9 billion in 2025. Meanwhile, ADAS and self-driving cars will be the main source of revenue, followed by industry and transportation.
According to TrendForce data, despite the impact of the COVID-19 outbreak on the automotive industry, community electric vehicles, with a top speed of 25 mph and a maximum load of 1,400 kg, are still being produced. serial. Some of these vehicles are also equipped with LiDAR, which undoubtedly increases the demand for this technology. As LiDAR is equipped on high-end traditional gasoline vehicles, autonomous buses, robotic taxis and autonomous trucks, its demand is also increasing.
LiDAR is an important part of self-driving cars because it can help the on-board system understand if there are any obstacles to avoid around the vehicle. Since the technology works much faster than humans, vehicles using LiDAR can significantly reduce the number of road accidents.
Compared to ultrasonic radar, millimeter wave radar and camera, Lidar has the advantages of long range measurement, excellent angular resolution and less impact on ambient light. It does not require deep learning algorithms and can directly obtain the distance and location information of objects. Solid-state lidar is widely regarded by the industry as the central sensor of high-level autonomous driving. Many autopilot manufacturers and lidar companies launched their own solid-state lidars during this time.
WIMI decides to develop the 3D holographic pulse lidar product, “WiMi HoloPulse LiDAR”, to further expand the matrix of the company’s holographic product portfolio. Technology and intellectual property rights are “sharp blades” for moving forward and overcoming obstacles. Recently, it won the tender for China Mobile and Cloud Multimedia Platform Holographic Remote Interaction, and it was again selected by operators as 5G holographic communication technology provider. In the area of lidar, WIMI seems to be catching up. Since the patent announcement of 3D holographic pulse laser processing device for optical holography, many industrial application customers have shown strong market demand.
It is said that WIMI has fundamental intellectual property rights and is not restricted by foreign companies. It has around 4,654 AR holographic content, 106 software copyrights, and 180 registered patents. WIMI is committed to using holographic technology to meet the entertainment and business needs of customers and end users.
According to some reports, WIMI focuses on holographic cloud services, mainly in vehicle-mounted AR holographic HUD, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and other professional fields, covering several links of AR technology, including vehicle-mounted holographic AR technology, 3D holographic pulse LiDAR technology, semiconductor technology holographic vision, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication, etc. at. It is a provider of complete technical holographic cloud solutions.
Research data shows that by 2025, six million new cars worldwide will be equipped with lidar, and the penetration rate of L3 autonomous driving in passenger cars will reach 6%. According to Sullivan’s estimates, by 2025, the global lidar market will reach $ 13.45 billion, of which the automotive-grade lidar market will reach $ 4.61 billion.
Due to the explosive demand for automotive holographic applications, WIMI Hologram Cloud will develop solutions such as on-board holographic equipment, on-board holographic chips and on-board holographic software to meet the needs of automotive holographic applications. WIMI is committed to providing embedded holographic hardware and software integration solutions, and will develop more patents and holographic AR products suitable for the automotive industry to build more customer relationships.
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Alex Xie, Senior Analyst
Fintech Research Team, Tailor Insight Research