Since the beginning of 2022, China's laser radar and the upstream industry chain in the fields of laser and detector have seen frequent investment and financing events, with capital competing to bet and increase their layout. By 2026, it is predicted that the intelligent driving laser radar market for new energy passenger vehicles in China will reach 2.34 billion US dollars, with a compound annual growth rate of 77.8%, and there is immense growth potential in the future. As the laser radar enters its first year of mass production, its technological development and cost reduction needs are becoming increasingly clear, and the upstream supply chain has also ushered in opportunities for domestic substitution.