WIMI Hologram Cloud Stands Out with Its Own Lidar Products When the Autonomous Vehicle Industry Breaks Out

HONG KONG, May 18, 2021 (GLOBE NEWSWIRE) -- Tailor Insight, the fintech market research organization, recently released a research report "WIMI Stands Out with Its Own Lidar Products When the Autonomous Vehicle Industry Breaks Out". As high-level autonomous driving has increasingly urgent requirements for sensing technology, and lidar can significantly promote the landing of L3 plus autonomous driving. From the perspective of the composition of the global lidar market, the Internet of Vehicles is the main application market for lidar in 2019, accounting for about 60%. Therefore, WIMI decided to develop 3D holographic pulse lidar products "WIMI HoloPulse LiDAR" to further expand the company's holographic product portfolio matrix. According to Sullivan's statistics and forecasts, the global lidar market will be worth $13.54 billion in 2025, and the Chinese lidar market will grow to $4.31 billion.