The growth of global autonomous vehicle processor market is driven by aggressive marketing strategies implemented by vehicle processor manufacturers for the promotion of brands by advertisements and frequently launching new products. Moreover, increasing expansion of business such as mergers & acquisition and collaborations help the vehicle processor manufacturer to improve their product offerings and global footprint. Thus, this contributes growth opportunity for the lucrative growth of the market.
Key questions answered in the study:
According to MarkNtel Advisors’ research report “Global Autonomous Vehicle Processor Market Analysis, 2021”, the market is anticipated to grow at a CAGR of around 21% during 2021-26. Based on Product, Passenger Cars holds the largest share in the global autonomous vehicle market in 2019. The growth of the segment is attribute to improvement in fuel economy, reduction in traffic congestion, time-effectiveness and decline in harmful emissions.
“Global Autonomous Vehicle Processor Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for autonomous vehicle processor providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
North America Region is expected to witness Astronomical Growth
North America is expected to witness astronomical growth in the Global Autonomous Vehicle Processor market during 2021-2026 owing to high demand of luxury autonomous cars in US. Further, the growth of the North-America region is attributed to increase in government initiative to include autonomous vehicles for public transportation and high demand for luxury autonomous cars. Moreover, rising need for automated cars and constantly growing autonomous industry are propelling the growth of the market as stated in MarkNtel Advisors’ research report “Global Autonomous Vehicle Processor Market Analysis, 2021”.
According to MarkNtel Advisors’, the key players with a considerable market share in the Global Autonomous Vehicle Processor market are NXP Semiconductors N.V., Intel Corporation, Tesla, Inc., BASF SE, NVIDIA Corporation, Texas Instruments Incorporated, KALRAY Corporation, Renesas Electronic Corporation, Qualcomm Technologies, Inc, Xilinx, Inc., Hailo Technologies Ltd, Ambarella, Inc., AImotive.