Hesai Group’s growth set to accelerate on surging LiDAR demand

China-based LiDAR sensor maker Hesai Group (NASDAQ: HSAI) is poised for a strong 2025, buoyed by demand rising for its autonomous driving technologies. Visible Alpha consensus shows analysts expect the company’s revenue to climb +60% year-on-year in 2025, driven largely by growth in its LiDAR product lines.

Within the LiDAR segment, analysts expect the autonomous mobility segment — which suffered a -26% decline in 2024 — to rebound with a +56% rise in revenue to CN¥1 billion. Meanwhile, the advanced driver-assistance systems (ADAS) business is expected to continue its strong trajectory, with revenue projected to grow +69% to CN¥2.1 billion.

Shipments are also set to soar. Autonomous mobility sensor units are expected to rise nearly fivefold to 213 million in 2025, while ADAS unit shipments are forecast to nearly triple to 1.24 billion.

Hesai is also on track to turn profitable. Net income is projected at CN¥287 million in 2025, compared to a net loss of CN¥102 million this year.

This article was published by Visible Alpha, part of S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.