Global Automotive Self-driving Chip Market Size By Product(L1 and L2 level, L3 level, L4 level), By Application(Passenger Car and Commercial Car), By Geographic Scope And Forecast

Automotive Self-Driving Chip Market Size And Forecast

Automotive Self-Driving Chip Market size has been growing at a good pace over the last few years and is expected to grow at a CAGR of 7.3% over the forecasted period i.e 2024-2031.

The rapid increase in the development and commercialization of fully automatic vehicles is the major factor responsible for the growth of the global automotive self-driving chip market since high-powered automotive chips are required for processing the data from a large number of sensors. The Global Automotive Self-Driving Chip Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

What is Automotive Self-driving Chip?

Automotive Self Driving Car is vehicular automation, that is, capable to sense and mitigate its environment and navigate with less or no human intervention. It is also known as an Autonomous Vehicle (AV), Autonomous car, driver-less car and robotic car. They have various sensors to sense their surroundings such as sonar, GPS, RADAR, odometry and sensory information is interpreted by advanced control systems. Chips are used to make the driving process fully automated and helps to map and automate highway driving while consuming less power along with empowering vehicles to use deep neural networks so gathering and processing of data from several sensors and cameras can be done easily. The emergence and growth of autonomous vehicles is demanding more automotive chips, with sales of specialty Silicon-chips.

There is change in the automotive industry where cars will be differentiated by the functions of semiconductors and electronics and this shift makes semiconductors a critical component in automotive innovation. The automotive self driving car will be convergence of other variants and upgraded technologies like 5G, Artificial Intelligence (AI) and Internet of Things (IoT).Artificial Intelligence refers to the ability of digital computer or robot to perform the various tasks associated with humans and their actions. It offers various benefits such as Increased efficiency, Improved workflows, Lower human error rates, deeper data analysis, more informed decision making.

Internet of Things is a interrelated system which includes computing devices, mechanical and digital machines, objects that transfer data over a network without requiring human-to-human and human-to-computer interaction. It offers various benefits such as Improved productivity staff and reduced human labor, efficient operation management, better use of resources, cost-effective operation.

Global Automotive Self-Driving Chip Market Overview

The rapid increase in the development and commercialization of fully automatic vehicles is the major factor responsible for the growth of the global automotive self-driving chip market since high-powered automotive chips are required for processing the data from a large number of sensors. Autonomous Vehicle (AV) is capable of operating by itself and performing necessary functions without any human intervention. Semiconductors such as memory chips are building block for any advancement in emerging technologies like 5G, Artificial Intelligence (AI), Internet of Thing (IoT).

Furthermore, protection and safety concerns of drivers and occupants from accidents are also expected to boost the growth of this market. Artificial Intelligence (AI) helps to improve the quality of crash data collection and analysis, provide various insights on how to avert collisions, and improve the response after crashes.

Additionally, factors like enhanced vehicle security systems such as the anti-theft system, smart key, anti-hijack systems are also likely to contribute towards the growth of the market. Anti-theft systems are used to protect assets such as vehicles and private properties such as jewellery, phone, laptops and it includes components such as locks and keys, RFID tags, and GPS locators. Anti-hijack system is the digital system deployed in motor vehicles to deter criminals from hijacking them. It offers the advantages such as cost effective measure to guard the vehicle and alerts driver of potential danger.However, no foolproof guarantee regarding the safety of the passengers and drivers during driving is a factor that may hinder the growth of this market.

Global Automotive Self-Driving Chip Market Segmentation Analysis

The Global Automotive Self-Driving Chip Market is Segmented into Product, Application, And Geography.

Automotive Self-driving Chip Market, By Product

• L1 and L2 Level• L3 Level• L4 Level• Others

Based on the Product, the market is sub-divided into L1 and L2 level, L3 level, L4 level and others. L1 is “Level-1” cache memory which is built onto the microprocessor chip itself whereas L2 is “Level-2” Cache memory which is built on a separate chip. L3 cache feeds the L2 cache memory. L3 memory is generally slower than the L2 memory, but it is faster than main memory. L4 is “Level-4” cache memory which is uncommon cache technology and made up of DRAM or eDRAM.

Automotive Self-driving Chip Market, By Application

• Passenger Car• Commercial Car

Based on the Application, the market is subdivided into Passenger Car and Commercial Car. Passenger Car is a vehicle designed and manufactured for the carriage of passengers and comprising not more than nine seats including driver’s seat. Passenger car, also known as private car has transformed the modern society by providing independence and freedom of mobility. Commercial car is a type of motor vehicle which is used for transporting goods or paying passengers and it includes Trucks, Van, Bus, Auto Rickshaw.

Automotive Self-driving Chip Market Geographic Scope

• North America• Europe• Asia Pacific• Rest of the world

Based on the Geography, the market is subdivided into North America, Europe, Asia Pacific and Rest of the world. North America will dominate in the Global Automotive Self-driving Chip Market and United States of America is leading nation in the usage of Automotive chips. The Asia Pacific region remains the favorable region because of increase in number of internet users and emergence of various technologies like 5G, Artificial Intelligence (AI), Internet of Things (IoT).

Key Players

The “Global Automotive Self-Driving Chip Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Tesla, Horizon, Mobileye, Black Sesame Technologies, Westwell Lab, MediaTek Inc, Renesas, BOSCH, Qualcomm, and Intel.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

• In May 2022, Renesas to invest and restart operation of Kofu Factory as 300mm Water Fab dedicated to Power Semiconductors.

• In December 2021, Tesla introduced Software Version 11.0 and creative features such as Tesla light show, New User Interface, Updated navigation, Comfort suspension when in autopilot, cold weather improvements.

Report Scope

Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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