中文

Home>Companies

Rosy future of laser radar industry envisioned

Updated: 2021-11-12 (chinaopticsvalley.com) Weibo Weixin Qzone Facebook Twitter More

A brilliant and illuminating future for the laser radar industry is reportedly being planned for and envisioned at the East Lake High-tech Development Zone, which is also popularly known as Optics Valley of China.

Laser radar can be used in a raft of high-tech applications including in obstacle detection and avoidance and navigation in self-driving cars, in AI, surveying and in terrestrial mapping, among others.

Optics Valley is widely said to have gathered a raft of laser radar enterprises, including Wuhan Taking Technology Co, and Kyle Optics Co. These firms are not time-honored ventures, but have made large investments in scientific research and have undergone rapid growth. 

Resident companies in the field say it is dynamic and growing, making them extremely bullish about the future.

"2021 is when the laser radar industry came to draw widespread attention," said Cheng Gang, general manager of a photoelectric technology company based in the East Lake High-tech Development Zone.

Industry projections are that by 2025, the global laser radar market scale is expected to reach $13.54 billion, but currently foreign laser radar products for high-precision surveying and mapping are dominating the Chinese market. 

Huang Jing, vice general manager of Kyle Optics' financial center, said that in recent years, intelligent robots, drones, autonomous driving technology and smart manufacturing have become major investment hotspots and are also considered as key driving forces of future technological revolution.

Meanwhile, many countries have rolled out measures to promote businesses in robots, the internet of things and other emerging sectors. As the "eyes" of robots, laser radar reportedly has potentially bright prospects.

A patented laser radar product for high-precision surveying and mapping, independently developed by Kyle Optics, has been put on the production line. It took the company's research team seven years to perfect .

Wuhan is widely considered as extremely suitable to develop the emerging business. "Wuhan's optoelectronic industry is leading China and is comparable to the coastal cities," said local researcher, Doctor Yuan Zhilin.