US Stock Market Move | HSAI.US rose more than 3%, institutions predict that the market size of lidar and imaging radar will reach $28 billion by 2035.

On Tuesday, Hesai (HSAI.US) rose more than 3% to $23.21. In recent news, market research firm Counterpoint Research reported that by 2035, the global market for Advanced Driver Assistance Systems (ADAS) and Autonomous Driving (AD) sensors is expected to reach $61 billion. The firm predicts that camera sensors will continue to be the largest segment in terms of sales, with the market size reaching $20 billion by 2035, mainly due to their widespread application in braking systems, lane-keeping systems, and driver monitoring systems. Lidar and imaging radar are expected to be one of the fastest-growing segments in terms of value, with a combined market size of $28 billion by 2035, as automakers are seeking higher resolution perception and redundant technologies for more advanced autonomous driving features.