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Autonomous Vehicle Processor Market is anticipated to grow at a CAGR of 22.98% by 2030

Global Autonomous Vehicle Processor Market

Sensors are the critical components of self-driving vehicles. Radars, lidars, cameras, and HD maps enable an autonomous vehicle (AV) to conceptualize and visualize its surroundings and detect objects on its way. These sensors have three essential tasks to perform, localization, detection, and tracking, and all these tasks are achieved through data fusion performed by processors at different Levels. Autonomous vehicle processors are developed by various semiconductor chip manufactures and various heavily funded start-ups. Companies are focusing on the up-gradation of their processing kits for new high-level autonomous vehicles in the market. According to the marketing intelligence published by BIS Research, the autonomous vehicle processor market was estimated around $5.07 Billion in 2019 and is expected to grow at a CAGR of 22.98% during the forecast period from 2020 to 2030.

The study provides a holistic perspective on market growth in terms of revenue estimates across different regions and countries. The report provides a cross-section analysis of the autonomous vehicle processor market by product and application in terms of market estimates and projections for different countries across different regions. Additionally, the research also covers regional and country-wise analysis for the market in various regions such as North America, Europe, Asia-Pacific and Japan (APJ), China, the U.K., MEA, and South America. The research is based on extensive primary interviews (industry leaders and market players) and secondary research (a host of paid and unpaid databases), along with various analytical tools that have been used to build the forecast and predictive models.

The report constitutes an in-depth study of the global autonomous vehicle processor market, including a thorough analysis of the market across different applications (Level 2, Level 3, Level 4, and Level 5). The study also presents a detailed analysis of the market trends and the market size for the period 2019 to 2030, wherein 2019 is the base year, revenue for the year 2020 is estimated, and the years from 2020 to 2030 constitute the forecast period. The report covers all the prevalent market strategies that are expected to play a major role in the growth of the market over the forecast period 2020-2030. It also highlights various drivers, restraints, and opportunities, which are expected to influence the market's growth during the forecast period 2020-2030. The scope of this report is focused on the different technologies, vehicles, and level of autonomy, and their market dynamics, growth prospect mapping, and country-wise analysis.

Competitive Landscape

The global autonomous vehicle processor market's competitive landscape consists of different strategies undertaken by key players across the e-mobility industry to gain traction and market share presence. Some strategies adopted by autonomous vehicle processor manufacturers are new product launches, business expansions, mergers, partnerships, and collaborations. Among all these strategies adopted, partnerships, acquisitions, and mergers have led to the popular choice of the strategy implemented in the autonomous vehicle processor market's competitive landscape. Some of the most prominent ecosystem players are Intel Corporation, Qualcomm Technologies, Inc., Tesla, Inc., and NVIDIA Corporation. Two of the most prominent examples of mergers and acquisitions are NVIDIA Corporation and ARM Inc.; in September 2020, the company announced its plans to acquire ARM Limited from SBG and Softbank at $40 billion. Intel Corporation leads the second-largest acquisition of the industry. Intel acquired Mobileye of Israel in March 2017 for $15.7 billion. The third-largest acquisition is in the approval stage; Xilinx, Inc. is being acquired by AMD, Inc. in FY2021 and will expand AMD's processor portfolio along with the target market.

Product launches are another preferred strategy adopted by the market players to enhance their product offerings and global footprint. For instance, in December 2019, NVIDIA Corporation launched a new and advanced autonomous driving platform called DRIVE AGX Orin. The Orin SoC consists of NVIDIA's GPU, Arm Hercules CPU, and the power to perform 200 trillion operations per second, which is nearly 7x the performance of Xavier SoC.

Impact of COVID-19 on the Market

Over the short to mid-term, the COVID-19 pandemic could restrict the adoption of trend-setting innovations, such as autonomous vehicles, as OEMs and investors downsize the development costs to focus more on day-to-day cash management issues. In the current pandemic situation, OEMs might halt autonomous vehicle testing for a couple of months.

Another prominent effect of the pandemic is reflecting on the value chain of the industry, as various semiconductor companies are dependent on the import of raw materials from countries such as South Korea and China. The delay in manufacturing processes will directly affect the overall demand for autonomous vehicle processors globally.

Key Questions Answered in the Report:

  • § What are the underlying structures resulting in the emerging trends within the autonomous vehicle processor market?
  • § How are automotive OEMs and other players entering the market?
  • § How are the emerging technologies driving the growth of the autonomous vehicle processor market?
  • § What are the views of CXOs and senior management of the autonomous vehicle processor companies operating in the space?
  • § Which autonomous vehicle processor technology is expected to be leading the market by 2030?
  • § What were the market volume, value, and pricing of the leading segments and subsegments of the market in 2019, and how is the market estimated to grow during the forecast period?
  • § How is the industry expected to evolve during the forecast period 2020-2030?
  • § How is the industry impacted by the COVID-19?
  • § What are the key patents filled by the companies?
  • § What are the key strategies that have been implemented by the key players to sustain in the competitive market?

Request for a Sample: Global Autonomous Vehicle Processor Market

How can market intelligence reports published under BIS Automotive add value to an organization's decision-making process?

  • Help in analyzing technological substitutes and future trends
  • Aid in targeting a segment for product launch
  • Help in making the strategies required for the market
  • Help in understanding the geographical scenario of the market
  • Aid in analyzing the competitors' strengths and weaknesses
  • Assist in exploring new products
  • Help in understanding the growth of each domain
  • Assist in taking strategic decisions like investments, collaborations, and acquisitions

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on January 18 at 12:20

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