Dahua Jixian analyst Li Xinmin says global LiDAR shipments are projected to climb to 40 mln units by end-2030, versus about 5 mln units in 2025. China accounts for roughly 90% of the market; technology and manufacturing advances have cut unit costs from over $9,000 to under $300. Hesai Technology and RoboSense together hold about 60% market share and are approaching a profitability inflection: RoboSense is expected to return to profit this year, while Hesai's profitability is forecast to improve by end-2028. Dahua Jixian initiated coverage of China’s LiDAR sub-sector and assigned buy ratings to both companies.(金十数据)