AUTONOMOUS VEHICLE CHIPS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
The adoption of autonomous vehicles has picked up pace globally in the recent past. Leading automakers and technology companies are investing heavily in developing self-driving vehicles, which is expected to revolutionize the transportation industry. Autonomous vehicles require robust processing capabilities to handle huge volumes of sensor data and make real-time driving decisions. This is driving the demand for high-performance autonomous vehicle chips that can support Advanced Driver Assistance Systems (ADAS) and autonomous driving functionalities. The global autonomous vehicle chips market is poised to grow significantly in the coming years due to the increasing automation of automobiles and rising consumer preference for advanced mobility solutions.
Market Dynamics:
The global autonomous vehicle chips market is expected to witness rapid growth over the next decade. The key drivers contributing to the market growth include rising demand for fuel-efficient and eco-friendly vehicles, increasing government emphasis on road safety, and growing investment by automakers towards developing self-driving cars. However, high R&D costs associated with autonomous driving technologies and lack of required infrastructure in emerging nations are some challenges restraining the market. On the positive side, continuous technological innovations in the fields of artificial intelligence, image processing, and advanced driver assistance systems are expected to create lucrative opportunities for autonomous vehicle chip manufacturers. Standardization of virtual driving platforms is another positive trend shaping the future of autonomous mobility solutions.
Key Features of the Study:
- This report provides in-depth analysis of the global autonomous vehicle chips market and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period 2024–2031, considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global autonomous vehicle chips market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include ABB Ltd, Infineon Technologies AG, Intel Corporation, MobilEye (an Intel company), NVIDIA Corporation, Qualcomm Incorporated, Renesas Electronics Corporation, Samsung Electronics Co., Ltd., Siemens AG, Texas Instruments (TI), Tesla, Inc., Waymo LLC, Xilinx, Inc., Aptiv PLC, and Aurora Innovation, Inc.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global autonomous vehicle chips market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global autonomous vehicle chips market.
Detailed Segmentation-
Detailed Segmentation-
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