Hesai Group (HSAI.US) Rises Over 3% on Forecast: LiDAR and Imaging Radar Market to Reach $28 Billion by 2035

Stock News2025-12-30

On Tuesday, Hesai Group (HSAI.US) saw its shares climb over 3%, trading at $23.21. The surge follows a recent report from market research firm Counterpoint Research, which projects the global market for Advanced Driver-Assistance Systems (ADAS) and Autonomous Driving (AD) sensors will reach $61 billion by 2035. The report anticipates that camera sensors will remain the largest segment by volume, with a market size expected to hit $20 billion by 2035, primarily driven by their extensive use in braking systems, lane-keeping assist, and driver monitoring systems. LiDAR and imaging radar are forecast to be among the fastest-growing segments in terms of value, with their combined market size projected to reach $28 billion by 2035, as automakers pursue higher-resolution perception and redundancy technologies for more advanced autonomous driving functions.

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