#Automotive LiDAR System-on-Chip Market Report
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Automotive LiDAR System-on-Chip Market Forecast | BIS Research
The automotive LiDAR system-on-chip market is expected to be valued at $29.3 million in 2024, which is anticipated to grow at a CAGR of 24.30% to reach $207.5 million by 2033 during the forecast period of 2024-2034.
#Automotive LiDAR System-on-Chip Market#Automotive LiDAR System-on-Chip Industry#Automotive LiDAR System-on-Chip Market Report#Automotive LiDAR System-on-Chip Market Size#Automotive#BIS Research
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The automotive LiDAR system-on-chip (SoC) market is expected to be valued at $29.3 million in 2024, which is anticipated to grow at a CAGR of 24.30% and reach $207.5 million by 2033. The growth in the automotive LiDAR system-on-chip (SoC) market is expected to be driven by technological advancements in autonomous vehicles and extensive use of LiDARs in highly automated vehicles, tremendous advancement in automotive LiDAR research and development (R&D) to improve the features of the LiDAR system, and an anticipated decline in LiDAR manufacturing costs after the start of mass production.
#Automotive LiDAR System-on-Chip Market#Automotive LiDAR System-on-Chip Report#Automotive LiDAR System-on-Chip Industry#Automotive#BISResearch
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Industry trend|A LiDAR manufacturer has once again secured designated projects for multiple GAC Aion models!
https://s1.iotexpo.com.cn/ue/24/28/6386572163929133631345268.jpg
On October 24, RoboSense announced that it had officially reached a strategic cooperation with GAC Aion on October 12, deepening cooperation and winning multiple vehicle model designated projects.
According to relevant data, by the end of September 2024, RoboSense's laser radar sales exceeded 720,000 units, with a market share of 40.3%, ranking first in the industry.
Since 2021, the two parties have cooperated on a number of smart models, including GAC Aion models using M platform laser radar, AION LX Plus equipped with 3 second-generation intelligent solid-state laser radars, Haobo GT based on M platform laser radar, and Haobo HT 770 Gull Wing Ultra-High Pressure Max Edition.
Recently, the two parties have cooperated to launch the second-generation AION V Aion Tyrannosaurus and AION RT equipped with laser radar high-end intelligent driving, leading the mass production and delivery of laser radar models in the 150,000-200,000 yuan range.
RoboSense mainly manufactures and sells laser radar products. The so-called laser radar is a remote sensing system that uses light to measure the distance or range of objects, mainly used in the fields of automotive autonomous driving and robots.
Already listed on the Hong Kong Stock Exchange
Lidar product sales are optimistic
On January 5, 2024, RoboSense was officially listed on the main board of the Hong Kong Stock Exchange with the stock code 02498.HK. It is the first stock in the Hong Kong stock market this year.
In 2023, RoboSense's total revenue reached 1.12 billion yuan, a year-on-year increase of 111.2%, and its net profit loss was about 4.337 billion yuan.
In 2023, RoboSense sold 259,600 laser radar products, a year-on-year increase of more than 300%; among them, the sales volume of laser radar vehicle-mounted laser radar for ADAS applications was about 243,000 units, a year-on-year increase of 558.5%.
RoboSense's interim report shows that in the first half of 2024, the company lost about 269 million yuan, a year-on-year narrowing of 65.1%.
According to data from Gaogong Intelligent Automobile, in the first seven months of 2024, the delivery volume of front-mounted laser radars for passenger cars in China surged to more than 700,000, a year-on-year increase of 222%, and the penetration rate also jumped to 5.42%, a significant improvement compared with the level of less than 0.1% in 2021, and the penetration rate has continued to grow rapidly since 2021.
Car-mounted laser radar may become the key to intelligent hardware configuration
CITIC Securities analysis pointed out that with the intensification of competition among domestic auto companies, car-mounted laser radar is expected to become a key factor in intelligent hardware configuration, and the increase in its standard configuration ratio is expected to further promote the positive cycle of laser radar penetration. It is expected that the annual shipment volume in 2024 will reach about 1.5 million, a year-on-year increase of 160%. The development prospects of the laser radar industry chain in the next one or two years are highly optimistic.
As for listed companies, Medikey revealed that its laser radar related products have been applied to multiple fields such as unmanned driving, advanced driver assistance (ADAS), service robots, etc., covering optical components, chips and MEMS discrete devices, laser radar patch prisms, etc., among which the laser radar patch prism has entered the mass production stage.
Juguan Technology announced that it has obtained the official designation of the second laser radar line spot emission module project of a well-known European automotive Tier 1 customer (code-named AG Company). The terminal car enterprise customer of this project is a well-known European global car enterprise. It is expected to be mass-produced in 2027, and the demand during the life cycle is about 150,000 sets.
Orbbec said that for various types of robots including humanoid robots, the company can provide 3D visual sensors and visual perception solutions with full technical routes such as monocular/binocular structured light, laser radar, and iToF.
Finally
With the continuous development of technology, the detection distance, resolution, field of view, accuracy and other indicators of laser radar are constantly improving to meet the needs of higher-level autonomous driving. At the same time, with the advancement of technology and large-scale production, the price of LiDAR has gradually dropped, and some products have entered the "thousand-yuan machine era", which will promote more mid- and low-end models to be equipped with LiDAR.
Industry insiders said that in 2021, a LiDAR was about 10,000 yuan, which had fallen to 3,200 yuan last year and 2,600 yuan in the first half of this year.
For the future of LiDAR, we can refer to the views of Li Yifan, co-founder of Hesai Technology: "From a long-term perspective, LiDAR is likely to be profitable in China, but the specific time of this "long-term" is still difficult to predict, maybe three years, maybe ten years in a blink of an eye."
At present, for companies in the LiDAR industry, the primary task is not to rush to make profits, but to ensure that they can survive in the fierce market competition.
This paper is from Ulink Media, Shenzhen, China, the organizer of IOTE EXPO (IoT Expo in China)
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Semiconductorinsight Reports
Light Detection and Ranging (LiDAR) Market - https://semiconductorinsight.com/report/light-detection-and-ranging-lidar-market/
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Silicon on Insulator Market Size, Trends, Share and Industry Analysis, Report 2024-2032
The latest report by IMARC Group, titled " Silicon on Insulator Market Report by Wafer Size (300 mm, 200 mm), Wafer Type (FD-SOI, RF-SOI, PD-SOI, and Others), Technology (Smart Cut, BESOI, SiMOX, ELTRAN, SoS), Product (RF FEM Products, MEMS Devices, Power Products, Optical Communication, Image Sensing), Application (Consumer Electronics, Automotive, Datacom and Telecom, Industrial, Photonics, and Others), and Region 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on the market. The global silicon on insulator market size reached US$ 1.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.6 Billion by 2032, exhibiting a growth rate (CAGR) of 12.7% during 2024-2032.
Factors Affecting the Growth of the Silicon on Insulator Industry:
Demand for High-Performance Semiconductor Devices:
Silicon on Insulator technology offers significant advantages over traditional silicon substrates in terms of performance and power efficiency. One major driving force behind the SOI market is the increasing demand for high-performance semiconductor devices across various applications, including smartphones, automotive electronics, and data centers. As consumers seek faster and more energy-efficient devices, manufacturers are turning to SOI technology to meet these demands. The ability of SOI to reduce power consumption, minimize parasitic capacitance, and enhance transistor performance makes it an attractive choice for cutting-edge semiconductor products.
Advancements in Mobile and Wireless Communication Technologies:
The rapid evolution of mobile and wireless communication technologies, including 5G networks, is another significant driver propelling the SOI market forward. 5G networks require semiconductor solutions capable of handling higher data rates, lower latency, and increased connectivity, driving the demand for advanced RF (radio frequency) and mmWave (millimeter wave) semiconductor devices. SOI technology offers several advantages for RF and mmWave applications, including improved isolation, reduced crosstalk, and enhanced linearity, making it a preferred choice for next-generation wireless communication systems. Furthermore, the increasing integration of multiple wireless standards into a single chip further underscores the importance of SOI technology in enabling complex, multifunctional semiconductor solutions for mobile and wireless communication applications.
Growing Adoption of SOI in Automotive Electronics:
The automotive industry is undergoing a significant transformation with the advent of electric vehicles (EVs), autonomous driving technologies, and connected vehicles. These advancements require semiconductor solutions capable of meeting the stringent reliability, performance, and temperature requirements of automotive applications. Silicon on Insulator technology offers several benefits for automotive electronics, including improved reliability in harsh environments, enhanced thermal performance, and reduced power consumption. Additionally, SOI technology enables the integration of advanced features such as radar, lidar, and camera systems for autonomous driving and driver assistance applications. As automakers continue to prioritize safety, comfort, and convenience features in their vehicles, the demand for SOI-based semiconductor solutions in the automotive industry is expected to grow significantly.
For an in-depth analysis, you can request a sample copy of the report: https://www.imarcgroup.com/silicon-on-insulator-market/requestsample
Leading Companies Operating in the Global Silicon on Insulator industry
GlobalWafers Co. Ltd. (Sino-American Silicon Products Inc.)
GlobalFoundries Inc., Murata Manufacturing Co. Ltd.
NXP Semiconductors N.V.
Shanghai Simgui Technology Co. Ltd.
Shin-Etsu Chemical Co. Ltd.
Silicon Valley Microelectronics Inc.
Soitec
STMicroelectronics
SUMCO Corporation
Tower Semiconductor Ltd.
United Microelectronics Corporation.
Silicon on Insulator Market Report Segmentation:
By Wafer Size:
300 mm
200 mm
300 mm dominates the market due to its ability to accommodate more semiconductor chips per wafer, resulting in higher efficiency and cost-effectiveness for semiconductor manufacturers.
By Wafer Type:
FD-SOI
RF-SOI
PD-SOI
Others
FD-SOI represents the largest segment due to its ability to offer superior performance, lower power consumption, and cost-effective manufacturing compared to traditional bulk silicon and other SOI technologies.
By Technology:
Smart Cut
BESOI
SiMOX
ELTRAN
SoS
Smart cut holds maximum number of shares due to its capability to produce high-quality, thin silicon layers with minimal defects, making it ideal for a wide range of semiconductor applications.
By Product:
RF FEM Products
MEMS Devices
Power Products
Optical Communication
Image Sensing
RF FEM products represent the largest segment due to the rising demand for compact, integrated solutions for wireless communication systems across various applications.
By Application:
Consumer Electronics
Automotive
Datacom and Telecom
Industrial
Photonics
Others
Consumer electronics dominate the market due to the widespread demand for high-performance semiconductor devices in smartphones, tablets, wearables, and other consumer electronic products.
Regional Insights:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Asia Pacific’s dominance in the silicon-on-insulator market is attributed to its robust semiconductor industry, expanding consumer electronics market, and the presence of key semiconductor manufacturing hubs in countries such as China, South Korea, and Taiwan.
Global Silicon on Insulator Market Trends:
With the increasing emphasis on energy efficiency and sustainability, there is a growing demand for semiconductor technologies that can deliver high performance while consuming minimal power. SOI technology, known for its ability to reduce power consumption and improve energy efficiency, is well-positioned to address this demand. As data centers and computing systems strive to minimize their carbon footprint and operating costs, the adoption of SOI-based processors and integrated circuits is expected to rise. Additionally, the proliferation of IoT devices across various industries, including healthcare, agriculture, manufacturing, and smart homes, is driving the need for semiconductor solutions that offer a combination of low power consumption, high performance, and integration capabilities. SOI technology enables the development of compact, energy-efficient IoT devices by providing superior isolation, reduced leakage currents, and improved integration density. As IoT applications continue to expand, particularly in sectors such as industrial automation and smart cities, the demand for SOI-based semiconductor solutions is poised to increase.
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Driving the Future: Automotive AI Chipset Market Forecasted to Hit $25.9 Billion by 2034
The global automotive AI chipset market is anticipated to reach a valuation of US$ 3.5 billion in 2024, driven by human-machine interface enhancement. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 22.1% between 2024 and 2034 and reaching a total valuation of approximately US$ 25.9 billion by 2034.
Request Exclusive Sample Report: Automotive AI Chipset Market Strategic Insights: https://www.futuremarketinsights.com/reports/sample/rep-gb-18604
Two major factors contributing to the market’s growth are long-term evolution and 5G connectivity. The rollout and widespread adoption of high-speed LTE and 5G connectivity can significantly impact the capabilities of AI applications in vehicles. Faster and more reliable data transmission enables real-time communication, enhancing the effectiveness of AI algorithms.
The availability of open-source AI platforms and development tools facilitates innovation and collaboration within the automotive industry. Developers and manufacturers can leverage these tools to accelerate the integration of AI chipsets into vehicles.
AI chipsets enable predictive maintenance systems that anticipate and address vehicle maintenance issues before they become critical, reducing downtime, extending vehicle components’ lifespan, and enhancing overall reliability.
Sensor fusion, combining data from various sensors like cameras, radar, and LiDAR, is crucial for comprehensive perception in autonomous vehicles. AI chipsets can enhance sensor fusion capabilities, enabling more accurate and reliable environmental understanding.
The integration of augmented reality in head-up displays is becoming more prevalent for providing drivers with real-time information without distraction. AI chipsets contribute to the processing power needed for AR applications, enhancing safety and user experience.
Blockchain technology is being explored to enhance data security and integrity in the automotive industry. AI chipsets can play a role in supporting blockchain implementations for secure and transparent data management.
“Driver monitoring systems, powered by AI chipsets, can monitor driver behavior, alertness, and attention. The technology is crucial for enhancing safety by preventing accidents caused by driver fatigue or distraction,” says Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm.
Key Takeaways from the Market Study
Global automotive AI chipset market was valued at US$ 2.9 billion by 2023-end.
From 2019 to 2023, the market demand expanded at a CAGR of 18.4%.
The market in Australia is expected to expand at a CAGR of 26.6% through 2034.
By vehicle type, the passenger type segment to account for a share of 72.0% in 2024.
From 2024 to 2034, automotive AI chipset market is expected to flourish at a CAGR of 22.1%.
By 2034, the market value of automotive AI chipset is expected to reach US$ 25.9 billion.
Competitive Landscape
Prominent players in the automotive AI chipset market are Advanced Micro Devices Inc., Xilinx Inc., Graphcore Ltd, Huawei Technologies Co. Ltd, IBM Corporation, Intel Corporation, NVIDIA Corporation, Micron Technology Inc., Samsung Semiconductor (Samsung Electronics Co. Ltd), Qualcomm, NVIDIA, NXP Semiconductors, and Mobileye, among others.
Top of Form
Recent Developments
In 2022, Mobileye unveiled the EyeQ® Ultra��, marking the cutting-edge and highest-performing system on chip of the company, specifically designed for autonomous driving. The EyeQ Ultra stands out with a remarkable 176 TOPS, and is an efficient chip for autonomous vehicles.
In 2021, Qualcomm Technologies, Inc. and General Motors reaffirmed their ongoing collaboration to enhance forthcoming vehicles’ experiences. Leveraging their extensive partnership that spans various cellular technology generations, the two companies will employ their expertise to incorporate highly advanced technologies essential for the next generation of vehicles.
Purchase this report now to get key companies with their Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global automotive AI chipset market, providing historical data for 2019 to 2023 and forecast statistics from 2024 to 2034.
To understand opportunities in the automotive AI chipset market, the market is segmented based on product (GPU, ASIC, FGPA, CPU), application (advanced driver assistance systems, voice and gesture recognition, infotainment system, predictive maintenance, autonomous driving, and others), processing type (computer vision, machine learning, natural language processing), and vehicle type (passenger vehicle, and commercial vehicle), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).
The technology team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With over 100+ reports and 1 Billion+ data points, the team has lucidly analyzed the market in 50+ countries for over a decade. The team briefly analyzes key trends, including competitive landscape, profit margin, and research development efforts.
Unveiling the Dynamics of the Automotive AI Chipset Market: Access Our Comprehensive Research Methodology
Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
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Airborne LiDAR Market Growth Leaders & Share Analysis
Airborne LiDAR Market by Type (Fixed CMM, Portable CMM), Industry (Automotive, Aerospace, Heavy Machinery, Energy & Power, Electronics, Medical), and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Market Overview
The Airborne LiDAR market size is projected to reach a CAGR of 9.8% from 2022 to 2028.
Airborne LiDAR better known as airborne laser scanning is a laser scanner attached to the aircraft during the flight. It is used to collect data. The involved mechanism is that as soon as it’s activated it’ll emit radiation which after striking the object return back to the sensor giving the exact data of the height of the aircraft from the ground. It is also used to judge the terrain. It contains navigation unit (GNSS, IMU) which provides the necessary and required data.
With an increased usage of unmanned aerial vehicle along with the adoption of LiDAR in engineering applications are some of the factors that have supported long-term expansion for Airborne LiDAR Market.
COVID-19 had a negative effect on the market, as there was decreased demand from the end user along with the supply chain and logistics disruption.
To Understand Business Strategies, Request for a Sample Report at: https://www.delvens.com/get-free-sample/airborne-LiDAR-market-trends-forecast-till-2028
Regional Analysis
North America is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the adoption of LiDAR for identification of new terrains.
Competitive Landscape
Key Players
Airborne Imaging
Faro Technologies, Inc.
Firmatek
Flir Systems, Inc.
Lasermap Inc.
Leica Geosystems
Merrick & Company
RIEGL Laser Measurement Systems GmbH
Saab Group
Teledyne Technologies
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Recent Developments
In March 2019, JASR was awarded a contract by U.S. Air Force Research Laboratory worth USD 8.2 million for developing chip-scale optical phased arrays and lidar systems that use technology from the Modular Optical Aperture Building Blocks (MOABB).
Reasons to Acquire
Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
Gain authentic and granular data access for Airborne LiDAR Market so as to understand the trends and the factors involved behind changing market situations
Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
Direct Purchase of Research Report at: https://www.delvens.com/checkout/airborne-LiDAR-market-trends-forecast-till-2028
The Airborne LiDAR Market report answers a number of crucial questions, including:
Which companies dominate the Airborne LiDAR Market?
What current trends will influence the market over the next few years?
What are the market's opportunities, obstacles, and driving forces?
What predictions for the future can help with strategic decision-making?
What advantages does market research offer businesses?
Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
What is the anticipated growth rate for the market economy globally?
Report Scope
Airborne LiDAR Market is segmented into Solution, Type, Platform and region.
On the basis of Solution
System
Services
On the basis of Type
Topographic
Bathymetric (System & Services)
On the basis of Platform
Fixed Wing Aircraft
Rotary Wing Aircraft
UAVs
On the basis of Region
Asia Pacific
North America
Europe
South America
Middle East & Africa
Who We Are
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Artificial Intelligence (AI) in Automotive Market Analysis by Size, Share, Growth, Trends up to 2033
The Artificial Intelligence (AI) in automotive market is anticipated to record a robust CAGR of 55% between 2023 and 2033. The market is anticipated to cross a market share of US$ 9.3 billion in 2023, while it is expected to be valued at US$ 744.39 billion by 2033.
Advanced vehicles with self-driving and fully autonomous transmissions are in high demand. Hence, the AI-integration vendors are working on personalized solutions, fueling the demand for Artificial Intelligence (AI) in automotive.
The rising demand for EVs and hybrid vehicles is followed by the integration of AI units, as they enhance the operational capability, deliver ease, and protect the vehicle through systems like parks-guided systems.
The Advanced Driver Assistance Systems (ADAS), level 2, is getting popular among automotive enthusiasts, which further extends the research and development of ADAS integration.
The new car builders are delivering OEM-based AI chips that work on different functions of a vehicle. From AC, lights, and cruise control to guided parking and autonomous driving systems, AI supports each component.
The restoration of the automotive industry, coupled with the high-end AI and machine learning set-up, is fueling the demand for Artificial Intelligence (AI) in automotive. Advanced automatic emergency braking is regulated through AI chips.
The passive and active safety systems are specially designed to prevent human error while operating vehicles.
For more information: https://www.futuremarketinsights.com/reports/artificial-intelligence-in-automotive-market
Key Points
The United States market is another significant market. The market growth is attributed to the presence of EV giants like Tesla, which delivers advanced AI and ML integration. The increased acceptance of autonomous and self-driving vehicles is fueling the sales of AI in the automotive
Artificial intelligence (AI) in the automotive market in China is another significant market. The growth is attributed to the expanded manufacturing units, high-end research, and advanced experimentation.
Europe with its environmental compliance adopts EVs and Hybrid Vehicles, which further fuels the demand for AI-integration prospects.
The software segment is likely to thrive in the component category due to the common application and automotive implementation. It is expected to hold a value of US$ 200 billion by 2033.
The fully autonomous segment tops the application category with an anticipated value of US$ 30 billion by 2033. The growth is attributed to the advent of self-driving assistance systems.
Competitive Landscape
The key competitors focus on inclusivity, while adding sensors and smart software to enhance the guided systems. Companies follow the artificial intelligence innovation with the key competitors and merge, acquire, and partner with other companies to increase the network range, connectivity, supply chain, and distribution channel. The key players in the market are: BMW AG, AUDI AG, Intel Corporation, Tesla Inc, Uber Technologies, Volvo Car Corporation, Honda Motors, Ford Motor Company, NVIDIA Corporation, and Tencent
Recent Market Developments
Ford Motor Co is the leading patent filer when it comes to the neural network for radar-LiDAR. The company operates with Baidu in China to implement AI technology in automotive.
A technology company, Aptiv is promoting enhanced automated vehicles that are loaded with AI-based sensors, cameras, and other components.
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Motor Driver IC Market to Observe Rugged Expansion at a Top CAGR by 2027
The motor driver IC market is projected to grow substantially by 2027 on account of surging demand for hybrid and electric vehicles across the globe.
A motor driver IC refers to a type of integrated circuit chip that serves as a bridge between microprocessors in robots and the robot's motors. It is widely used to operate motors in autonomous robots/systems. Increasing inclination of developing nations towards industrial automation and IoT has driven product demand in recent years.
In addition, widespread application of motor driver ICs in drones and unmanned aerial vehicles (UAVs) has augmented industry uptake worldwide. Furthermore, industry players have been employing profitable strategies to gain a competitive edge in evolving marketplaces, which has positively impacted the overall business landscape.
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For instance, in August 2020, Allegro Microsystems, a key provider of semiconductor technology, announced the acquisition of Voxtel, Inc., a leading company specializing in 3D imaging and advanced photonic technology. The deal combined Allegro's innovative product portfolio of regulators, current sensors, motor drivers, and position sensors with Voxtel's advanced photonics to provide critical semiconductor components to transmit and receive blocks of automotive LiDAR systems and enhance automotive safety systems.
The motor driver IC market has been segregated on the basis of application, type, maximum supply voltage, and region. In terms of maximum supply voltage, the market has further been categorized into below 12 V, 12 V - 24 V, 24 V - 48 V, and above 48 V.
The below 12 V sub-segment is expected to progress at a CAGR of around 4.0% over the analysis period. Extensive adoption of below 12 V supply voltage in battery-powered consumer electronics and portable medical devices is likely to boost segmental growth over the forthcoming years.
With respect to application, the motor driver IC market has been bifurcated into medical & healthcare devices, automotive, consumer electronics & home appliances, industrial, and others. The medical & healthcare devices sub-segment is speculated to amass sizable gains by 2027, expanding at a CAGR of more than 3% through the assessment period. Increasing utilization of motor driver ICs in medical devices, such as computerized blood analyzers, oxygen concentrators, X-ray machines, and others, is set to bolster market growth in the coming time period.
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From the regional point of view, the Latin America motor driver IC market is poised to gain considerable traction by 2027, registering almost 2.5% CAGR over the study timeline. Rising government initiatives to accelerate the industrial manufacturing and processing sector in the region are slated to foster market expansion through the review period.
Table of Contents (ToC) of the report:
Chapter 1 Methodology and Scope
1.1 Scope & definition
1.2 Methodology & forecast
1.3 Data Sources
1.3.1 Primary
1.3.2 Secondary
Chapter 2 Executive Summary
2.1 Motor driver IC market 3600 synopsis, 2016 - 2027
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Type trends
2.1.4 Maximum supply voltage trends
2.1.5 Application trends
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/motor-driver-ic-market
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Automotive SoC Market Size Forecast to Reach $16.8 Billion by 2026
The Automotive SoC Market size is forecast to reach $16.8 billion by 2026, growing at a CAGR of 7.2% for the period 2021-2026. The Automotive SoC is a designed purpose-built system-on-chip (SoC) for developing highly autonomous cars, integrated with breakthrough cyber security identification, monitor, and investigation systems. The Automotive SoC market is largely driven by the introduction of a plethora of computer-based systems in car, growing popularity of Advanced driving assistance systems, along with the successful launches of electric and hybrid vehicles around the world. The impressive performance of high-end automotive SoCs is influencing the automotive industry to integrate ADAS applications and other tailored artificial intelligence (AI) for enabling operations such as LiDAR point cloud mapping, integrated circuit, real-time 3D mapping and many more. In fact, the potential investment towards modern-age smart cars & vehicles, with integrated circuit solution and automobile connectivity chips, along with high competition in the worldwide automotive industry and rising disposable incomes across the globe is estimated to contribute to the growth of the Automotive SoC Industry. In addition, the growing need for a seamless driving experience and other specific safety mechanism technologies to improve transportation are accelerating the demand for Automotive SoC Market.
Automotive SoC Market Segment Analysis – By Vehicle Type
By Vehicle type, the Automotive SoC Market is segmented into Passengers Cars and Commercial Vehicles. The passenger car segment is analyzed to register the highest share in 2020, and grow at a CAGR of 9.3% in the forecast period due to the breakthrough automotive solution to provide safety critical applications and automated driving solution. The growing demand for higher bandwidth and other connectivity elements for denoting Advanced Driver Assistance Systems drive the market growth. In December 2020, a premier supplier of advanced semiconductor solutions, Renesas Electronics Corporation unveiled the R-Car V3U. The R-Car V3U is an exclusive ASIL D system on chip (SoC) that offers advanced driver assistance systems (ADAS) and automated driving (AD) systems. Hence, the increasing demand for enhanced functional safety and other potential development for automated driving are estimated to drive the Automotive SoC Market.
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Automotive SoC Market Segment Analysis - By Application
By Application, the Automotive SoC Market is segmented into Infotainment Systems, Advanced driver-assistance systems (ADAS), Intelligent Transport System, Connected Vehicle Platform and Others. The Infotainment Systems segment is analyzed to register the highest share in 2020, and grow at a CAGR of 8% in 2021 to 2026, owing to the emergence of various in-vehicle infotainment systems and the intelligent connected solution to cater various car models. In July 2020, Pioneer India, a leading Auto-infotainment system provider launched 3 Car AV receivers with Alexa built-in, for car infotainment. Thus, the growing advancement of automotive infotainment, and the incorporation of latest designs to serve several application bases are estimated to drive the Automotive SoC Market.
Automotive SoC Market Segment Analysis – By Geography
North America dominated the Automotive SoC Market in 2020, and projected to grow at CAGR of 6.63% in the forecast period, followed by Asia-Pacific, owing to the presence of innovative semiconductor technology providers and fiercely competitive automotive market to provide next-generation automotive solutions. Furthermore, the growing consumer demand for luxurious cars and next-generation automobiles, embedded with ADAS, speech recognition, enhanced security, GPS and other feature-rich infotainment systems are driving the growth of the market, specifically in the U.S.A. In August 2020, Qualcomm Technologies, Inc. collaborated with Automotive technology company, Veoneer, Inc. to deliver scalable Advanced Driver Assistance Systems (ADAS). In order to address the impending complexities related with designing advanced driver-assistance systems (ADAS), such as SoC platform, graphics processing unit and other safety compliance, this strategic partnership aims to address the respective concerns across every vehicle tiers. In February 2021, Tata Consultancy Services (TCS), the major IT service provider launched a Neural Automotive and Industrial Experience Center in Troy, Michigan. This Centre offers customers and partners with an automotive garage set-up that further provide access to the advanced technologies to experiment, co-innovate, build prototypes, and launch solutions in an agile way. Therefore, the significant acquisitions among leading manufacturers and investment to deliver next-generation technology is estimated to drive the Automotive SoC Market in this region.
Automotive SoC Market Drivers
Growing prominence of Electric Vehicle market
The growing electric Vehicle market due to advanced electric infrastructure, strong government initiative and increasing demand for zero-emission vehicles is fueling the growth of the Automotive SoC Market. In addition, the sensitivity towards cleaner and greener environment across the globe accelerates the sale of the electric vehicles. In February 2020, Mahindra & Mahindra launched the KUV100 electric SUV at the Auto Expo 2020. The new eKUV100 is India’s most affordable electric car that is designed with a 40kW electric motor to deliver 53bhp of power with a peak of 120Nm. In addition, the increasing needs to design sustainable and clean energy pathways, most automakers are collaborating to develop enhanced EV battery technology and other indispensable infrastructure for EV models. In December 2020, the NextEra Energy Resources, LLC, today acquired eIQ Mobility, the leading software provider of mobility planning solutions based in Oakland, California. The acquisition helps the customers to identify varied economic operational ways while selecting suitable electric vehicles and associated charging infrastructure. As the investments from automakers are growing, Royal Dutch Shell acquired Ubitricity, in January 2021, the owner of one of the largest electric vehicle (EV) charging networks in the United Kingdom (UK). Royal Dutch Shell signed this strategic acquisition due to the decision made by the Ubitricity to increase the investments in next-generation EV cars. Thus, all these factors play a major role to formulate the growth of Automotive SoC Market.
Rising demand for Advanced Driver Assistance System (ADAS) Cars
The significant rise in the demand for Advanced Driver Assistance System (ADAS) Cars among consumers due to intelligent speed assistance, advanced safety systems, parking assistance and other automated technology are contributed to promote the growth of the Automotive SoC Market. In January 2020, Samsung launched Digital Cockpit 2020, which utilizes 5G to connection features inside and outside the vehicle, which offers improved connected experiences and safe driving support for drivers and passengers. Hence, the growing awareness about vehicle safety and other real-time monitoring systems to deliver robust opportunities are estimated to drive the growth of Automotive SoC Market.
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Automotive SoC Market Challenges
Growing vulnerability leading to data breaches
With all the advantages of the Automotive SoC system that lead to strong market growth, there is a major concern that is associated with security impediment. The security threat landscape is growing enormously to create possibility of hacking, and thus, it directly impact on humans safety. There are several well-publicized security breaches recently that raise severe concern for designing a complete autonomous driving system, which resulting a key restraining factor for the growth of the Automotive SoC Market.
Market Landscape
Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Automotive SoC Market. The Automotive SoC Market top 10 companies include Infineon Technologies AG, Intel Corporation, NEC Corporation, NVIDIA Corporation, NXP Semiconductors N.V., Qualcomm Incorporated, Renesas Electronics Corporation, STMicroelectronics N.V., Texas Instruments Incorporated, Telechips, Inc. OmniVision Technologies Inc. and among others.
Partnerships/Product Launches/Contracts
In November 2020, Hyundai Motor Group collaborated with NVIDIA Corporation and launched NVIDIA DRIVE ‘connected car’ infotainment and AI platform, which enables Hyundai Motor Group’s IVI systems to combine with audio, video, navigation, connectivity and artificial intelligence (AI)-based ‘connected car’ services.
In May 2020, a leading developer of advanced digital imaging solutions, OmniVision Technologies, Inc. launched 1.3MP OX01E10 SoC, an automotive SoC for entry-level rear view Cameras with industry's best low-light performance, lowest Power consumption and compact size.
Key Takeaways
The growing Electric Vehicle market due to advanced electric infrastructure, strong government initiative and increasing demand for zero-emission vehicles is fueling the growth of the Automotive SoC Market.
The The Infotainment Systems segment is analyzed to register the highest share in 2020, and grow at a CAGR of 8% in 2021 to 2026, owing to the emergence of various in-vehicle infotainment systems and the intelligent connected solution to cater various car models.
North America dominated the Automotive SoC Market in 2020, and projected to grow at CAGR of 6.63% in the forecast period, owing to the presence of innovative semiconductor technology providers and fiercely competitive automotive market to provide next-generation automotive solutions.
Related Reports
A.Advanced Driver Assistance Systems (ADAS) Market
https://www.industryarc.com/Report/20/advanced-driver-assistance-systems-market.html
B.Automotive Artificial Intelligence Market
https://www.industryarc.com/Report/18530/automotive-artificial-intelligence-market-research-report.html
For more Information and Communications Technology Market reports, please click here
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Automotive LiDAR System-on-Chip (SoC) Market | BIS Research
The automotive LiDAR system-on-chip market is expected to be valued at $29.3 million in 2024, which is anticipated to grow at a CAGR of 24.30% to reach $207.5 million by 2033 during the forecast period of 2024-2034.
#Automotive LiDAR System-on-Chip Market#Automotive LiDAR System-on-Chip Industry#Automotive LiDAR System-on-Chip Market Report#Automotive LiDAR System-on-Chip Market Size#Automotive LiDAR System-on-Chip Market CAGR#Automotive#BIS Research
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The automotive LiDAR system-on-chip market is expected to be valued at $29.3 million in 2024, Automotive LiDAR SoC Market which is anticipated to grow at a CAGR of 24.30% and reach $207.5 million by 2033.
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The key business opportunities in the global automotive LiDAR system-on-chip (SoC) market include the growing trend for the development of autonomous vehicles, manufacturing LiDAR system-on-chip at scale, and deployment of LiDAR system-on-chip in other applications such as robotics, industrial automation, etc.
#Automotive LiDAR System-on-Chip Market#Automotive LiDAR System-on-Chip Report#Automotive LiDAR System-on-Chip Inustry#Automotive LiDAR SoC Market#Automotive#Bisresearch
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Automotive SoC Market Size Forecast to Reach $16.8 Billion by 2026
The Automotive SoC Market size is forecast to reach $16.8 billion by 2026, growing at a CAGR of 7.2% for the period 2021-2026. The Automotive SoC is a designed purpose-built system-on-chip (SoC) for developing highly autonomous cars, integrated with breakthrough cyber security identification, monitor, and investigation systems. The Automotive SoC market is largely driven by the introduction of a plethora of computer-based systems in car, growing popularity of Advanced driving assistance systems, along with the successful launches of electric and hybrid vehicles around the world. The impressive performance of high-end automotive SoCs is influencing the automotive industry to integrate ADAS applications and other tailored artificial intelligence (AI) for enabling operations such as LiDAR point cloud mapping, integrated circuit, real-time 3D mapping and many more. In fact, the potential investment towards modern-age smart cars & vehicles, with integrated circuit solution and automobile connectivity chips, along with high competition in the worldwide automotive industry and rising disposable incomes across the globe is estimated to contribute to the growth of the Automotive SoC Industry. In addition, the growing need for a seamless driving experience and other specific safety mechanism technologies to improve transportation are accelerating the demand for Automotive SoC Market.
Automotive SoC Market Segment Analysis – By Vehicle Type
By Vehicle type, the Automotive SoC Market is segmented into Passengers Cars and Commercial Vehicles. The passenger car segment is analyzed to register the highest share in 2020, and grow at a CAGR of 9.3% in the forecast period due to the breakthrough automotive solution to provide safety critical applications and automated driving solution. The growing demand for higher bandwidth and other connectivity elements for denoting Advanced Driver Assistance Systems drive the market growth. In December 2020, a premier supplier of advanced semiconductor solutions, Renesas Electronics Corporation unveiled the R-Car V3U. The R-Car V3U is an exclusive ASIL D system on chip (SoC) that offers advanced driver assistance systems (ADAS) and automated driving (AD) systems. Hence, the increasing demand for enhanced functional safety and other potential development for automated driving are estimated to drive the Automotive SoC Market.
Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=507943
Report Price: $ 5900 (Single User License)
Automotive SoC Market Segment Analysis - By Application
By Application, the Automotive SoC Market is segmented into Infotainment Systems, Advanced driver-assistance systems (ADAS), Intelligent Transport System, Connected Vehicle Platform and Others. The Infotainment Systems segment is analyzed to register the highest share in 2020, and grow at a CAGR of 8% in 2021 to 2026, owing to the emergence of various in-vehicle infotainment systems and the intelligent connected solution to cater various car models. In July 2020, Pioneer India, a leading Auto-infotainment system provider launched 3 Car AV receivers with Alexa built-in, for car infotainment. Thus, the growing advancement of automotive infotainment, and the incorporation of latest designs to serve several application bases are estimated to drive the Automotive SoC Market.
Automotive SoC Market Segment Analysis – By Geography
North America dominated the Automotive SoC Market in 2020, and projected to grow at CAGR of 6.63% in the forecast period, followed by Asia-Pacific, owing to the presence of innovative semiconductor technology providers and fiercely competitive automotive market to provide next-generation automotive solutions. Furthermore, the growing consumer demand for luxurious cars and next-generation automobiles, embedded with ADAS, speech recognition, enhanced security, GPS and other feature-rich infotainment systems are driving the growth of the market, specifically in the U.S.A. In August 2020, Qualcomm Technologies, Inc. collaborated with Automotive technology company, Veoneer, Inc. to deliver scalable Advanced Driver Assistance Systems (ADAS). In order to address the impending complexities related with designing advanced driver-assistance systems (ADAS), such as SoC platform, graphics processing unit and other safety compliance, this strategic partnership aims to address the respective concerns across every vehicle tiers. In February 2021, Tata Consultancy Services (TCS), the major IT service provider launched a Neural Automotive and Industrial Experience Center in Troy, Michigan. This Centre offers customers and partners with an automotive garage set-up that further provide access to the advanced technologies to experiment, co-innovate, build prototypes, and launch solutions in an agile way. Therefore, the significant acquisitions among leading manufacturers and investment to deliver next-generation technology is estimated to drive the Automotive SoC Market in this region.
Automotive SoC Market Drivers
Growing prominence of Electric Vehicle market
The growing electric Vehicle market due to advanced electric infrastructure, strong government initiative and increasing demand for zero-emission vehicles is fueling the growth of the Automotive SoC Market. In addition, the sensitivity towards cleaner and greener environment across the globe accelerates the sale of the electric vehicles. In February 2020, Mahindra & Mahindra launched the KUV100 electric SUV at the Auto Expo 2020. The new eKUV100 is India’s most affordable electric car that is designed with a 40kW electric motor to deliver 53bhp of power with a peak of 120Nm. In addition, the increasing needs to design sustainable and clean energy pathways, most automakers are collaborating to develop enhanced EV battery technology and other indispensable infrastructure for EV models. In December 2020, the NextEra Energy Resources, LLC, today acquired eIQ Mobility, the leading software provider of mobility planning solutions based in Oakland, California. The acquisition helps the customers to identify varied economic operational ways while selecting suitable electric vehicles and associated charging infrastructure. As the investments from automakers are growing, Royal Dutch Shell acquired Ubitricity, in January 2021, the owner of one of the largest electric vehicle (EV) charging networks in the United Kingdom (UK). Royal Dutch Shell signed this strategic acquisition due to the decision made by the Ubitricity to increase the investments in next-generation EV cars. Thus, all these factors play a major role to formulate the growth of Automotive SoC Market.
Rising demand for Advanced Driver Assistance System (ADAS) Cars
The significant rise in the demand for Advanced Driver Assistance System (ADAS) Cars among consumers due to intelligent speed assistance, advanced safety systems, parking assistance and other automated technology are contributed to promote the growth of the Automotive SoC Market. In January 2020, Samsung launched Digital Cockpit 2020, which utilizes 5G to connection features inside and outside the vehicle, which offers improved connected experiences and safe driving support for drivers and passengers. Hence, the growing awareness about vehicle safety and other real-time monitoring systems to deliver robust opportunities are estimated to drive the growth of Automotive SoC Market.
Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=507943
Automotive SoC Market Challenges
Growing vulnerability leading to data breaches
With all the advantages of the Automotive SoC system that lead to strong market growth, there is a major concern that is associated with security impediment. The security threat landscape is growing enormously to create possibility of hacking, and thus, it directly impact on humans safety. There are several well-publicized security breaches recently that raise severe concern for designing a complete autonomous driving system, which resulting a key restraining factor for the growth of the Automotive SoC Market.
Market Landscape
Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Automotive SoC Market. The Automotive SoC Market top 10 companies include Infineon Technologies AG, Intel Corporation, NEC Corporation, NVIDIA Corporation, NXP Semiconductors N.V., Qualcomm Incorporated, Renesas Electronics Corporation, STMicroelectronics N.V., Texas Instruments Incorporated, Telechips, Inc. OmniVision Technologies Inc. and among others.
Partnerships/Product Launches/Contracts
In November 2020, Hyundai Motor Group collaborated with NVIDIA Corporation and launched NVIDIA DRIVE ‘connected car’ infotainment and AI platform, which enables Hyundai Motor Group’s IVI systems to combine with audio, video, navigation, connectivity and artificial intelligence (AI)-based ‘connected car’ services.
In May 2020, a leading developer of advanced digital imaging solutions, OmniVision Technologies, Inc. launched 1.3MP OX01E10 SoC, an automotive SoC for entry-level rear view Cameras with industry's best low-light performance, lowest Power consumption and compact size.
Key Takeaways
The growing Electric Vehicle market due to advanced electric infrastructure, strong government initiative and increasing demand for zero-emission vehicles is fueling the growth of the Automotive SoC Market.
The The Infotainment Systems segment is analyzed to register the highest share in 2020, and grow at a CAGR of 8% in 2021 to 2026, owing to the emergence of various in-vehicle infotainment systems and the intelligent connected solution to cater various car models.
North America dominated the Automotive SoC Market in 2020, and projected to grow at CAGR of 6.63% in the forecast period, owing to the presence of innovative semiconductor technology providers and fiercely competitive automotive market to provide next-generation automotive solutions.
Related Reports
A.Advanced Driver Assistance Systems (ADAS) Market
https://www.industryarc.com/Report/20/advanced-driver-assistance-systems-market.html
B.Automotive Artificial Intelligence Market
https://www.industryarc.com/Report/18530/automotive-artificial-intelligence-market-research-report.html
For more Information and Communications Technology Market reports, please click here
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Asphalt modifiers market size is forecast to reach US$4.8 billion by 2026, after growing at a CAGR of 5.7% during 2021-2026.
The Automotive SoC Market size is forecast to reach $16.8 billion by 2026, growing at a CAGR of 7.2% for the period 2021-2026. The Automotive SoC is a designed purpose-built system-on-chip (SoC) for developing highly autonomous cars, integrated with breakthrough cyber security identification, monitor, and investigation systems. The Automotive SoC market is largely driven by the introduction of a plethora of computer-based systems in car, growing popularity of Advanced driving assistance systems, along with the successful launches of electric and hybrid vehicles around the world. The impressive performance of high-end automotive SoCs is influencing the automotive industry to integrate ADAS applications and other tailored artificial intelligence (AI) for enabling operations such as LiDAR point cloud mapping, integrated circuit, real-time 3D mapping and many more. In fact, the potential investment towards modern-age smart cars & vehicles, with integrated circuit solution and automobile connectivity chips, along with high competition in the worldwide automotive industry and rising disposable incomes across the globe is estimated to contribute to the growth of the Automotive SoC Industry. In addition, the growing need for a seamless driving experience and other specific safety mechanism technologies to improve transportation are accelerating the demand for Automotive SoC Market.
Automotive SoC Market Segment Analysis – By Vehicle Type
By Vehicle type, the Automotive SoC Market is segmented into Passengers Cars and Commercial Vehicles. The passenger car segment is analyzed to register the highest share in 2020, and grow at a CAGR of 9.3% in the forecast period due to the breakthrough automotive solution to provide safety critical applications and automated driving solution. The growing demand for higher bandwidth and other connectivity elements for denoting Advanced Driver Assistance Systems drive the market growth. In December 2020, a premier supplier of advanced semiconductor solutions, Renesas Electronics Corporation unveiled the R-Car V3U. The R-Car V3U is an exclusive ASIL D system on chip (SoC) that offers advanced driver assistance systems (ADAS) and automated driving (AD) systems. Hence, the increasing demand for enhanced functional safety and other potential development for automated driving are estimated to drive the Automotive SoC Market.
Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=507943
Report Price: $ 5900 (Single User License)
Automotive SoC Market Segment Analysis - By Application
By Application, the Automotive SoC Market is segmented into Infotainment Systems, Advanced driver-assistance systems (ADAS), Intelligent Transport System, Connected Vehicle Platform and Others. The Infotainment Systems segment is analyzed to register the highest share in 2020, and grow at a CAGR of 8% in 2021 to 2026, owing to the emergence of various in-vehicle infotainment systems and the intelligent connected solution to cater various car models. In July 2020, Pioneer India, a leading Auto-infotainment system provider launched 3 Car AV receivers with Alexa built-in, for car infotainment. Thus, the growing advancement of automotive infotainment, and the incorporation of latest designs to serve several application bases are estimated to drive the Automotive SoC Market.
Automotive SoC Market Segment Analysis – By Geography
North America dominated the Automotive SoC Market in 2020, and projected to grow at CAGR of 6.63% in the forecast period, followed by Asia-Pacific, owing to the presence of innovative semiconductor technology providers and fiercely competitive automotive market to provide next-generation automotive solutions. Furthermore, the growing consumer demand for luxurious cars and next-generation automobiles, embedded with ADAS, speech recognition, enhanced security, GPS and other feature-rich infotainment systems are driving the growth of the market, specifically in the U.S.A. In August 2020, Qualcomm Technologies, Inc. collaborated with Automotive technology company, Veoneer, Inc. to deliver scalable Advanced Driver Assistance Systems (ADAS). In order to address the impending complexities related with designing advanced driver-assistance systems (ADAS), such as SoC platform, graphics processing unit and other safety compliance, this strategic partnership aims to address the respective concerns across every vehicle tiers. In February 2021, Tata Consultancy Services (TCS), the major IT service provider launched a Neural Automotive and Industrial Experience Center in Troy, Michigan. This Centre offers customers and partners with an automotive garage set-up that further provide access to the advanced technologies to experiment, co-innovate, build prototypes, and launch solutions in an agile way. Therefore, the significant acquisitions among leading manufacturers and investment to deliver next-generation technology is estimated to drive the Automotive SoC Market in this region.
Automotive SoC Market Drivers
Growing prominence of Electric Vehicle market
The growing electric Vehicle market due to advanced electric infrastructure, strong government initiative and increasing demand for zero-emission vehicles is fueling the growth of the Automotive SoC Market. In addition, the sensitivity towards cleaner and greener environment across the globe accelerates the sale of the electric vehicles. In February 2020, Mahindra & Mahindra launched the KUV100 electric SUV at the Auto Expo 2020. The new eKUV100 is India’s most affordable electric car that is designed with a 40kW electric motor to deliver 53bhp of power with a peak of 120Nm. In addition, the increasing needs to design sustainable and clean energy pathways, most automakers are collaborating to develop enhanced EV battery technology and other indispensable infrastructure for EV models. In December 2020, the NextEra Energy Resources, LLC, today acquired eIQ Mobility, the leading software provider of mobility planning solutions based in Oakland, California. The acquisition helps the customers to identify varied economic operational ways while selecting suitable electric vehicles and associated charging infrastructure. As the investments from automakers are growing, Royal Dutch Shell acquired Ubitricity, in January 2021, the owner of one of the largest electric vehicle (EV) charging networks in the United Kingdom (UK). Royal Dutch Shell signed this strategic acquisition due to the decision made by the Ubitricity to increase the investments in next-generation EV cars. Thus, all these factors play a major role to formulate the growth of Automotive SoC Market.
Rising demand for Advanced Driver Assistance System (ADAS) Cars
The significant rise in the demand for Advanced Driver Assistance System (ADAS) Cars among consumers due to intelligent speed assistance, advanced safety systems, parking assistance and other automated technology are contributed to promote the growth of the Automotive SoC Market. In January 2020, Samsung launched Digital Cockpit 2020, which utilizes 5G to connection features inside and outside the vehicle, which offers improved connected experiences and safe driving support for drivers and passengers. Hence, the growing awareness about vehicle safety and other real-time monitoring systems to deliver robust opportunities are estimated to drive the growth of Automotive SoC Market.
Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=507943
Automotive SoC Market Challenges
Growing vulnerability leading to data breaches
With all the advantages of the Automotive SoC system that lead to strong market growth, there is a major concern that is associated with security impediment. The security threat landscape is growing enormously to create possibility of hacking, and thus, it directly impact on humans safety. There are several well-publicized security breaches recently that raise severe concern for designing a complete autonomous driving system, which resulting a key restraining factor for the growth of the Automotive SoC Market.
Market Landscape
Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Automotive SoC Market. The Automotive SoC Market top 10 companies include Infineon Technologies AG, Intel Corporation, NEC Corporation, NVIDIA Corporation, NXP Semiconductors N.V., Qualcomm Incorporated, Renesas Electronics Corporation, STMicroelectronics N.V., Texas Instruments Incorporated, Telechips, Inc. OmniVision Technologies Inc. and among others.
Partnerships/Product Launches/Contracts
In November 2020, Hyundai Motor Group collaborated with NVIDIA Corporation and launched NVIDIA DRIVE ‘connected car’ infotainment and AI platform, which enables Hyundai Motor Group’s IVI systems to combine with audio, video, navigation, connectivity and artificial intelligence (AI)-based ‘connected car’ services.
In May 2020, a leading developer of advanced digital imaging solutions, OmniVision Technologies, Inc. launched 1.3MP OX01E10 SoC, an automotive SoC for entry-level rear view Cameras with industry's best low-light performance, lowest Power consumption and compact size.
Key Takeaways
The growing Electric Vehicle market due to advanced electric infrastructure, strong government initiative and increasing demand for zero-emission vehicles is fueling the growth of the Automotive SoC Market.
The The Infotainment Systems segment is analyzed to register the highest share in 2020, and grow at a CAGR of 8% in 2021 to 2026, owing to the emergence of various in-vehicle infotainment systems and the intelligent connected solution to cater various car models.
North America dominated the Automotive SoC Market in 2020, and projected to grow at CAGR of 6.63% in the forecast period, owing to the presence of innovative semiconductor technology providers and fiercely competitive automotive market to provide next-generation automotive solutions.
Related Reports
A.Advanced Driver Assistance Systems (ADAS) Market
https://www.industryarc.com/Report/20/advanced-driver-assistance-systems-market.html
B.Automotive Artificial Intelligence Market
https://www.industryarc.com/Report/18530/automotive-artificial-intelligence-market-research-report.html
For more Information and Communications Technology Market reports, please click here
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Automotive SoC Market Size Forecast to Reach $16.8 Billion by 2026
The Automotive SoC Market size is forecast to reach $16.8 billion by 2026, growing at a CAGR of 7.2% for the period 2021-2026. The Automotive SoC is a designed purpose-built system-on-chip (SoC) for developing highly autonomous cars, integrated with breakthrough cyber security identification, monitor, and investigation systems. The Automotive SoC market is largely driven by the introduction of a plethora of computer-based systems in car, growing popularity of Advanced driving assistance systems, along with the successful launches of electric and hybrid vehicles around the world. The impressive performance of high-end automotive SoCs is influencing the automotive industry to integrate ADAS applications and other tailored artificial intelligence (AI) for enabling operations such as LiDAR point cloud mapping, integrated circuit, real-time 3D mapping and many more. In fact, the potential investment towards modern-age smart cars & vehicles, with integrated circuit solution and automobile connectivity chips, along with high competition in the worldwide automotive industry and rising disposable incomes across the globe is estimated to contribute to the growth of the Automotive SoC Industry. In addition, the growing need for a seamless driving experience and other specific safety mechanism technologies to improve transportation are accelerating the demand for Automotive SoC Market.
Automotive SoC Market Segment Analysis – By Vehicle Type
By Vehicle type, the Automotive SoC Market is segmented into Passengers Cars and Commercial Vehicles. The passenger car segment is analyzed to register the highest share in 2020, and grow at a CAGR of 9.3% in the forecast period due to the breakthrough automotive solution to provide safety critical applications and automated driving solution. The growing demand for higher bandwidth and other connectivity elements for denoting Advanced Driver Assistance Systems drive the market growth. In December 2020, a premier supplier of advanced semiconductor solutions, Renesas Electronics Corporation unveiled the R-Car V3U. The R-Car V3U is an exclusive ASIL D system on chip (SoC) that offers advanced driver assistance systems (ADAS) and automated driving (AD) systems. Hence, the increasing demand for enhanced functional safety and other potential development for automated driving are estimated to drive the Automotive SoC Market.
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Automotive SoC Market Segment Analysis - By Application
By Application, the Automotive SoC Market is segmented into Infotainment Systems, Advanced driver-assistance systems (ADAS), Intelligent Transport System, Connected Vehicle Platform and Others. The Infotainment Systems segment is analyzed to register the highest share in 2020, and grow at a CAGR of 8% in 2021 to 2026, owing to the emergence of various in-vehicle infotainment systems and the intelligent connected solution to cater various car models. In July 2020, Pioneer India, a leading Auto-infotainment system provider launched 3 Car AV receivers with Alexa built-in, for car infotainment. Thus, the growing advancement of automotive infotainment, and the incorporation of latest designs to serve several application bases are estimated to drive the Automotive SoC Market.
Automotive SoC Market Segment Analysis – By Geography
North America dominated the Automotive SoC Market in 2020, and projected to grow at CAGR of 6.63% in the forecast period, followed by Asia-Pacific, owing to the presence of innovative semiconductor technology providers and fiercely competitive automotive market to provide next-generation automotive solutions. Furthermore, the growing consumer demand for luxurious cars and next-generation automobiles, embedded with ADAS, speech recognition, enhanced security, GPS and other feature-rich infotainment systems are driving the growth of the market, specifically in the U.S.A. In August 2020, Qualcomm Technologies, Inc. collaborated with Automotive technology company, Veoneer, Inc. to deliver scalable Advanced Driver Assistance Systems (ADAS). In order to address the impending complexities related with designing advanced driver-assistance systems (ADAS), such as SoC platform, graphics processing unit and other safety compliance, this strategic partnership aims to address the respective concerns across every vehicle tiers. In February 2021, Tata Consultancy Services (TCS), the major IT service provider launched a Neural Automotive and Industrial Experience Center in Troy, Michigan. This Centre offers customers and partners with an automotive garage set-up that further provide access to the advanced technologies to experiment, co-innovate, build prototypes, and launch solutions in an agile way. Therefore, the significant acquisitions among leading manufacturers and investment to deliver next-generation technology is estimated to drive the Automotive SoC Market in this region.
Automotive SoC Market Drivers
Growing prominence of Electric Vehicle market
The growing electric Vehicle market due to advanced electric infrastructure, strong government initiative and increasing demand for zero-emission vehicles is fueling the growth of the Automotive SoC Market. In addition, the sensitivity towards cleaner and greener environment across the globe accelerates the sale of the electric vehicles. In February 2020, Mahindra & Mahindra launched the KUV100 electric SUV at the Auto Expo 2020. The new eKUV100 is India’s most affordable electric car that is designed with a 40kW electric motor to deliver 53bhp of power with a peak of 120Nm. In addition, the increasing needs to design sustainable and clean energy pathways, most automakers are collaborating to develop enhanced EV battery technology and other indispensable infrastructure for EV models. In December 2020, the NextEra Energy Resources, LLC, today acquired eIQ Mobility, the leading software provider of mobility planning solutions based in Oakland, California. The acquisition helps the customers to identify varied economic operational ways while selecting suitable electric vehicles and associated charging infrastructure. As the investments from automakers are growing, Royal Dutch Shell acquired Ubitricity, in January 2021, the owner of one of the largest electric vehicle (EV) charging networks in the United Kingdom (UK). Royal Dutch Shell signed this strategic acquisition due to the decision made by the Ubitricity to increase the investments in next-generation EV cars. Thus, all these factors play a major role to formulate the growth of Automotive SoC Market.
Rising demand for Advanced Driver Assistance System (ADAS) Cars
The significant rise in the demand for Advanced Driver Assistance System (ADAS) Cars among consumers due to intelligent speed assistance, advanced safety systems, parking assistance and other automated technology are contributed to promote the growth of the Automotive SoC Market. In January 2020, Samsung launched Digital Cockpit 2020, which utilizes 5G to connection features inside and outside the vehicle, which offers improved connected experiences and safe driving support for drivers and passengers. Hence, the growing awareness about vehicle safety and other real-time monitoring systems to deliver robust opportunities are estimated to drive the growth of Automotive SoC Market.
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Automotive SoC Market Challenges
Growing vulnerability leading to data breaches
With all the advantages of the Automotive SoC system that lead to strong market growth, there is a major concern that is associated with security impediment. The security threat landscape is growing enormously to create possibility of hacking, and thus, it directly impact on humans safety. There are several well-publicized security breaches recently that raise severe concern for designing a complete autonomous driving system, which resulting a key restraining factor for the growth of the Automotive SoC Market.
Market Landscape
Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Automotive SoC Market. The Automotive SoC Market top 10 companies include Infineon Technologies AG, Intel Corporation, NEC Corporation, NVIDIA Corporation, NXP Semiconductors N.V., Qualcomm Incorporated, Renesas Electronics Corporation, STMicroelectronics N.V., Texas Instruments Incorporated, Telechips, Inc. OmniVision Technologies Inc. and among others.
Partnerships/Product Launches/Contracts
In November 2020, Hyundai Motor Group collaborated with NVIDIA Corporation and launched NVIDIA DRIVE ‘connected car’ infotainment and AI platform, which enables Hyundai Motor Group’s IVI systems to combine with audio, video, navigation, connectivity and artificial intelligence (AI)-based ‘connected car’ services.
In May 2020, a leading developer of advanced digital imaging solutions, OmniVision Technologies, Inc. launched 1.3MP OX01E10 SoC, an automotive SoC for entry-level rear view Cameras with industry's best low-light performance, lowest Power consumption and compact size.
Key Takeaways
The growing Electric Vehicle market due to advanced electric infrastructure, strong government initiative and increasing demand for zero-emission vehicles is fueling the growth of the Automotive SoC Market.
The The Infotainment Systems segment is analyzed to register the highest share in 2020, and grow at a CAGR of 8% in 2021 to 2026, owing to the emergence of various in-vehicle infotainment systems and the intelligent connected solution to cater various car models.
North America dominated the Automotive SoC Market in 2020, and projected to grow at CAGR of 6.63% in the forecast period, owing to the presence of innovative semiconductor technology providers and fiercely competitive automotive market to provide next-generation automotive solutions.
Related Reports
A.Advanced Driver Assistance Systems (ADAS) Market
https://www.industryarc.com/Report/20/advanced-driver-assistance-systems-market.html
B.Automotive Artificial Intelligence Market
https://www.industryarc.com/Report/18530/automotive-artificial-intelligence-market-research-report.html
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