AUTONOMOUS VEHICLE CHIPS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
Autonomous Vehicle Chips Market, By Type of Chip (Processors , Microcontrollers, FPGAs, and GPUs), By Application (Passenger Vehicles, Commercial Vehicles, Defense Vehicles, and Public Transport Vehicles), By End User (Automotive, Logistics and Transportation, Defense, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)
In July 2024, Tesla, Inc., an American electric vehicle and clean energy company founded by Elon Musk, unveiled its latest Full Self-Driving Computer 3.0, a custom chip specifically designed for autonomous driving. This advanced chip delivers 21 TOPS of performance, marking a significant improvement over its predecessors, and is intended to enable Tesla's Autopilot system to achieve full self-driving capabilities in the future.
In September 2023, NVIDIA Corporation, a leading global provider of graphics processing units (GPUs) and AI computing solutions, introduced its DRIVE Orin system-on-a-chip (SoC) designed specifically for autonomous driving applications. This powerful chip features advanced AI capabilities and enhanced processing power of up to 254 trillion operations per second (TOPS), enabling it to support complex algorithms and real-time decision-making in self-driving vehicles. DRIVE Orin is built on a scalable architecture that can support Level 2+ to Level 5 autonomous driving capabilities, making it a versatile solution for automakers and technology companies developing autonomous driving systems.
In August 2023, Mobileye, an Israeli autonomous driving technology company and a subsidiary of Intel Corporation, announced the launch of its EyeQ Ultra chip, specifically designed for Level 4 and Level 5 autonomous vehicles. This advanced chip integrates multiple sensors and machine learning capabilities to enhance safety and navigation, providing superior performance for self-driving applications. The EyeQ Ultra is expected to play a crucial role in the development of autonomous driving solutions, further solidifying Mobileye's position as a leader in the autonomous vehicle technology market.
In May 2023, Texas Instruments (TI), a global semiconductor company known for its innovative solutions in analog and embedded processing, introduced a new line of automotive safety microcontrollers tailored for advanced driver-assistance systems (ADAS) and autonomous vehicles. These microcontrollers are designed with a strong emphasis on reliability and safety, enhancing vehicle operations and contributing to the development of safer and more efficient automotive technologies.