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RoboSense Ranked No. 1 in Global Passenger Car LiDAR Market Share, Annual and Cumulative Sales in 2024 | Yole Annual Report

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SHENZHEN, China, April 11, 2025 /PRNewswire/ — Recently, Yole Group, an international research institute and market research & strategy consulting company, released the LiDAR for Automotive 2025 report (hereinafter referred to as the “Report”). According to the Report, RoboSense has secured three global No.1 positions in the automotive LiDAR market: No.1 in 2024 global passenger car LiDAR market share, annual sales champion for ADAS LiDAR, and cumulative ADAS sales champion from 2018 to 2024. These achievements further demonstrate RoboSense’s leading position and strong capabilities in the global LiDAR industry.

The Report also highlights RoboSense’s progress in globalization, expansion into the Robotaxi market, and cutting-edge technology development over the past year, indicating a promising future.

Market Leadership

Market Share Leader, Annual and Cumulative Sales Champion

According to the Report, the global passenger car LiDAR market is experiencing rapid growth, with a 68% YOY increase in 2024 and market size reaching USD 692 million. RoboSense ranked first globally with a 26% market share. Thanks to the widespread adoption of high-level ADAS with LiDAR in China, the global market is booming, with Chinese LiDAR brands accounting for 92% of global share — closely linked to Chinese automakers’ large-scale deployment and reliance on domestic supply chains.

The Report also notes that approximately 1.6 million LiDAR units were installed in passenger vehicles globally in 2024, more than doubling from the previous year. RoboSense ranked No.1 in global annual sales with 519,800 units sold. Among the rapidly expanding passenger car LiDAR market, the Report identifies RoboSense as the leader among the “Big Four” Chinese LiDAR companies.

RoboSense’s impressive market performance is the result of its long-standing commitment to market-driven collaboration and continuous technological innovation. As of the end of March 2025, RoboSense has established close partnerships with over 30 OEMs and Tier 1 suppliers worldwide, including BYD, Zeekr, and IM, with more than 100 vehicle models awarded. From January to March 2025, RoboSense has supported the launch and debut of 15 collaborative models, including Toyota bZ3X, GAC Trumpchi S7, and Geely Galaxy E8. With the rapid adoption of L2+ advanced driving assistance systems, over 10 vehicle models in the ¥150,000–¥200,000 range have launched mass-produced models equipped with RoboSense LiDAR.

Furthermore, Yole Group estimates that between 2018 and 2024, RoboSense led the cumulative global passenger car LiDAR sales with over 800,000 units sold, far ahead of other brands — solidifying its position as a global leader in LiDAR technology and delivery capabilities.

Accelerating Global Expansion

Mass Production Collaboration in EU, U.S., and Japan

The Report indicates that China, the EU, the U.S., Japan, and Korea are all showing active plans to release car models equipped with LiDAR. Chinese OEMs are expected to release 111 car models with LiDAR in 2025 or soon after. EU OEMs are projected to launch 4+ car models with LiDAR, while U.S. OEMs plan to release 2. Additionally, Japanese and Korean OEMs are expected to release 2+ car models with LiDAR in 2024 or soon after.

While maintaining its leading position in China, RoboSense is rapidly expanding globally with its high-performance and highly reliable LiDAR products, becoming a preferred partner for overseas OEMs in their smart transformation. RoboSense has secured 8 overseas and Sino-foreign joint venture brand partnerships, including a top-tier Sino-American joint venture automaker, all three of Japan’s top automakers, two Sino-European collaborative brands, a leading emerging automaker in North America, and a North American new energy vehicle brand — covering major automotive markets across Europe, North America, and Asia-Pacific.

L4 LiDAR Market

Rapid Expansion and Securing Multiple Leading Robotaxi Clients

As the global Robotaxi market shifts from pilot programs to large-scale deployment, the number of LiDAR units per vehicle is expected to rise significantly, accelerating growth in the L4 LiDAR segment.

Yole Group forecasts that the global L4 LiDAR market will reach USD 166 million in 2024, a 35% YOY increase. Among the 10 L4 autonomous driving companies listed in the Report, six have adopted RoboSense’s LiDAR product, reflecting its exceptional performance and industry recognition.

With its stable, reliable, and automotive-grade LiDAR, RoboSense is poised to become a mainstream supplier for commercial Robotaxi vehicles, unlocking significant growth opportunities.

Cutting-Edge Technology and Full Product Portfolio

Full-Stack Chip Self-Development Drives Digital Transformation

The Report also analyzes technology trends among leading global LiDAR suppliers. According to Yole Group, RoboSense is the only global LiDAR brand offering a complete portfolio that includes mechanical, 1D and 2D hybrid solid-state, and full solid-state LiDAR products — leveraging innovation to stay ahead in diverse application scenarios.

Yole Group also notes that RoboSense, among others, has begun incorporating SPAD-SoC chips in its latest product designs. By combining VCSEL with SPAD-SoC, LiDAR systems can achieve longer detection range and higher resolution, breaking through performance limitations.

As a pioneer of LiDAR technology, RoboSense integrated LiDAR technology architecture in 2024 and mastered full-stack chip self-development, covering transceiving, scanning, and data processing. With a comprehensive product platform featuring “1D mechanical scanning, 2D MEMS scanning, and all-solid-state array scanning,” RoboSense has pioneered the mass production of digital LiDAR and established the industry’s most complete product portfolio. This allows rapid development and iteration to meet the diverse needs of intelligent driving, robotics, and other applications.

Amid widespread adoption of intelligent driving and rapid growth in the robotics industry, demand for LiDAR sensors and fusion perception solutions is rising rapidly. As the world’s first company to ship over one million LiDAR units, RoboSense will continue to strengthen its global leadership in technology and mass production, driving the industry toward a smarter, safer, and more efficient future.

About RoboSense

RoboSense (2498.HK), founded in 2014, is an AI-driven robotic technology company that supplies advanced and reliable incremental components and solutions for the robotic industry. The company is committed to “become a global leader in robotic technology platforms,” and its mission is “Safer world, Smarter life.” For more information about RoboSense, visit https://www.robosense.ai

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SOURCE RoboSense Technology Co., Ltd.

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Nocpix: Always One Step Ahead in Outdoor Electro-optic Innovation with AI-Driven Thermals and Night Vision

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YANTAI, China, April 29, 2025 /PRNewswire/ — Hunting, one of humanity’s oldest traditions, is being transformed by modern technology. Today, innovations like thermal imaging devices, GPS trackers, smart scopes, and AI-driven vision systems are redefining how hunters track, observe, and engage with their environment. Among these innovations, thermal imaging stands out as a true game-changer. The ability to detect heat signatures, spot targets beyond the naked eye’s capabilities, and make calculated shots has revolutionized the hunting experience. In the crowded thermal market, a new brand called Nocpix is coming to US and European hunters making another option for night hunting.

Why is Nocpix Taking the Thermal Optics Market by Storm?

Amidst a competitive field of legacy brands, Nocpix has emerged as a standout name in high-definition thermal imaging. Though a relatively new entrant, they’ve quickly claimed a position at the forefront of the industry by focusing on cutting-edge thermal imaging sensor technology, intuitive ergonomics, and field-proven reliability. Their Ultra-HD thermal imaging systems are now competing head-to-head with established players in the space, combining cutting-edge sensor technology, Reality+ AI-enhanced imaging algorithms, and intuitive designs to deliver industry-leading thermal optics for hunters and outdoor professionals.

Professional Thermal Binoculars for Hunters – QUEST

Nocpix’s product line began with compact monoculars and thermal riflescopes. Today, Nocpix has launched a groundbreaking thermal imaging device — the Quest thermal imaging binoculars. Weighing just 700g, lightweight design allows effortless one-handed operation. The auto screen-off eyepiece prevents accidental light leakage, ensuring stealth during tracking. With a detection range of up to 2600m, a 1000m integrated LRF, and ballistic calculation, QUEST provides precise distance measurement and target data for accurate outdoor observation. Because of these outstanding performance, these binoculars quickly captured the attention of outdoor hunting enthusiasts.

Why Does Binocular Vision Feel More Comfortable?

The human brain is designed for binocular vision — using both eyes to create depth, clarity, and a more immersive viewing experience. Nocpix Quest inherits the intuitive operational logic of traditional binoculars and redefines the night observation experience. As stated by professional hunter Chris Parkin: “This is currently the most user-friendly and feature-rich thermal imaging device — whether day or night, it allows you to become a ‘participant’ in the environment, rather than a mere observer.”

For Further Information:

Nocpix Marketing Department
E-mail: info@nocpix.com
Website: www.nocpix.com 

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SOURCE Nocpix

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Federal Resources Corporation Joins Forces with Electrosoft as a Subcontractor on PROTECTS Cyber Support BPA

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FRC brings decades of experience in federal contracting and is known for delivering robust solutions to complex challenges. By joining forces with Electrosoft, we aim to enhance our capabilities in safeguarding our nation’s cyber infrastructure.

ERIE, Pa., April 29, 2025 /PRNewswire-PRWeb/ — Federal Resources Corporation (FRC) is thrilled to announce our partnership with Electrosoft as a subcontractor on the newly awarded PROTECTS Cyber Support Blanket Purchase Agreement (BPA). This collaboration underscores our commitment to providing outstanding cybersecurity solutions alongside a leading firm in the industry.

“We are honored to partner with Electrosoft on this important initiative,” said Jeremy Young, CEO at FRC. “Their focus on delivering exceptional cyber support services aligns perfectly with our mission to address evolving cybersecurity needs of our government partners.”

FRC brings decades of experience in federal contracting and is known for delivering robust solutions to complex challenges. By joining forces with Electrosoft, we aim to enhance our capabilities in safeguarding our nation’s cyber infrastructure.

“We are honored to partner with Electrosoft on this important initiative,” said Jeremy Young, CEO at FRC. “Their focus on delivering exceptional cyber support services aligns perfectly with our mission to address evolving cybersecurity needs of our government partners.”

The PROTECTS Cyber Support BPA offers an exciting opportunity for both FRC and Electrosoft to work together in delivering comprehensive cybersecurity services, including threat assessment, incident response, and system security engineering. This partnership not only strengthens FRC’s position in the cybersecurity landscape but also reflects our dedication to upholding the highest standards of security for our clients.

About Federal Resources Corporation

Federal Resources Corporation (FRC) specializes in delivering mission-critical cybersecurity solutions and secure IT solutions tailored for the U.S. Federal Government, State, Local, and Education (SLED) markets, and enterprise environments. As a leading Value-Added Reseller, and IT Services Provider, we empower our technology partners by expanding their reach and driving success through comprehensive customer success management.

About Electrosoft

Electrosoft is a premier provider of cybersecurity and IT solutions, focused on serving federal agencies and governmental organizations. With a mission to enhance the security and resilience of critical systems, Electrosoft specializes in delivering comprehensive services such as cybersecurity assessments, system engineering, and incident response support.

Founded on the principles of innovation and excellence, Electrosoft combines deep industry expertise with the latest technological advancements to tackle the evolving challenges of the digital landscape. Our team of skilled professionals is committed to empowering government partners through tailored solutions that ensure the protection of sensitive information and compliance with industry regulations.

Media Contact:

James Ford

Director of Marketing

jford@fedresources.com

814-636-8020

View original content to download multimedia:https://www.prweb.com/releases/federal-resources-corporation-joins-forces-with-electrosoft-as-a-subcontractor-on-protects-cyber-support-bpa-302439827.html

SOURCE Federal Resources Corporation

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AI as a Service Market worth $91.20 billion by 2030 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., April 29, 2025 /PRNewswire/ — The AI as a Service Market is expected to significantly increase from USD 20.26 billion in 2025 to USD 91.20 billion by 2030 at a CAGR of 35.1% during the forecast period, according to a new report by MarketsandMarkets™. 

Increasing demand for cost-effective AI solutions, cloud adoption, and demand for increased business efficiency drive the AI as a Service Market. AIaaS plays a key role in helping organizations boost data analytics performance, drive automation, and create more meaningful customer engagement. Furthermore, improvements in machine learning, natural language processing, and AI frameworks contribute to the market’s growth in all segments of the industry. 

Browse in-depth TOC on ‘AI as a Service Market’

283 – Tables
60 – Figures
398 – Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=121842268

Scope of the Report

Report Metric

Details

Market size available for years

2020–2030

Base year considered

2024

Forecast period

2025–2030

Forecast units

USD (Billion)

Segments Covered

Product Type, Organization Size, Business Function, Service Type, End User, and Region

Geographies covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

Companies covered

Microsoft (US), IBM (US), Google (US), AWS (US), OpenAI (US), NVIDIA (US), Salesforce (US), Oracle (US), SAP (Germany), FICO (US), Cloudera (US), ServiceNow (US), HPE (US), Altair (US), SAS Institute (US), DataRobot (US), Databricks (US), C3 AI (US), H2O.ai (US), Alibaba Cloud (China), Domo (US), Intellias (US), Mistral AI (France), Rainbird Technologies (UK), BigML (US), Yottamine Analytics (US), Scale AI (US), Landing AI (US), Synthesia (UK), Yellow.ai (US), Cohere (Canada), Anyscale (US), Abridge (US), Inflection AI (US), Glean (US), Codeium (US), Arthur (US), Levty AI (US), Unstructured.io (US), Clarifai (US), DeepSearch (Austria), Katonic AI (Australia), MindTitan (Estonia), Viso.ai (Switzerland), MonkeyLearn (US), and Softweb Solutions (US).

BFSI Enterprise End User will register the largest market share during the forecast period.

With the growing implementation of AI as a Service (AIaaS) to improve operational performance, risk management, and customer satisfaction, the BFSI sector is positioned to lead the AIaaS market. AIaaS empowers companies with advanced analytics, fraud detection, personalized services, and automation, all without significant infrastructure costs. The need for real-time insights, regulatory compliance, and security measures drives the increasing demand for AI solutions in BFSI. Furthermore, AI-driven chatbots, virtual assistants, and predictive analytics play a role in simplifying customer engagements and providing personalized financial guidance, strengthening the use of AIaaS in this sector. The industry’s continual digital evolution and emphasis on creativity position it as a critical force in the AIaaS market.

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No-Code or Low-Code ML Tools Product Typeis poised for the fastest growth rate during the forecast period.

No-code or low-code machine learning (ML) tools are expected to experience the most significant growth in the AI as a Service (AIaaS) market because they are easy to use for those with limited coding skills. These tools allow companies to create and use AI models without deep coding knowledge, thus democratizing AI applications throughout industries. They are reducing the time and the cost involved in implementing AI by a lot and making it easy for organizations of any scale to integrate AI into their workflows. Demand for rapid prototyping, customization, and automation fuels the demand for no-code/low-code platforms, which offer flexibility and scalability, enabling businesses to innovate fast and stay agile, and thus, this market is growing at an accelerated pace.

North America accounts for the largest market during the forecast period.

North America is expected to dominate the share of AI as a Service Market due to the advanced technology infrastructure and the presence of large AI providers such as IBM, Google, and Microsoft. The region benefits from the early adoption of AI in prominent industries such as healthcare, finance, and retail to automate, generate analytics, and improve customer service. Huge investments in AI research and development and profound government support for AI innovations also add to the market growth. North America’s robust cloud infrastructure and widespread digital transformation initiatives further create an ideal environment for the growth of AIaaS. The region’s focus on cutting-edge solutions and the growing demand for AI-driven insights from enterprises ensure its leadership in the AIaaS market.

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Top Key Companies in AI as a Service Market:

The major players in the AI as a Service Market include Microsoft (US), IBM (US), Google (US), AWS (US), OpenAI (US), NVIDIA (US), Salesforce (US), Oracle (US), SAP (Germany), and HPE (US).

Browse Adjacent Markets: Artificial Intelligence (AI) Market Research Reports & Consulting

Related Reports:

Artificial Intelligence Market – Global Forecast to 2032

Edge AI Software Market – Global Forecast to 2031

Small Language Model Market – Global Forecast to 2032

Legal AI Software Market – Global Forecast to 2030

AI in Social Media Market – Global Forecast to 2029

Get access to the latest updates on AI as a Service Companies and AI as a Service Industry

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

To find out more, visit www.MarketsandMarkets™.com or follow us on TwitterLinkedIn and Facebook .

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